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South Korea Moves Shipping Giant HMM to Busan in Bet on Arctic Trade Routes

South Korea Moves Shipping Giant HMM to Busan in Bet on Arctic Trade Routes

(Photo=The Presidential Office of the Republic of Korea) South Korea is preparing for a potential shift in global shipping routes by turning its largest port city into a maritime hub. The government has moved HMM, the country's largest container shipping company, from Seoul to Busan as part of a broader strategy to position the city as a gateway for emerging

Oct 14 2026
08:00 AM PST
Cyberattack Attempts Against South Korea’s Tax Agency Surge Nearly Eightfold

Cyberattack Attempts Against South Korea’s Tax Agency Surge Nearly Eightfold

Photo=Motionelements South Korea’s cybersecurity risks are coming into sharper focus as attacks on government systems accelerate alongside a wave of data breaches across the financial sector. The country’s National Tax Service recorded more than 73,000 external hacking attempts in the first nine months of 2026, nearly three times the combined total for the previous five years. For U.S. cybersecurity companies,

Oct 13 2026
02:00 PM PST
Counterfeit Banknote Seizures in South Korea Surge Nearly 20-Fold, Exposing Online Enforcement Gaps

Counterfeit Banknote Seizures in South Korea Surge Nearly 20-Fold, Exposing Online Enforcement Gaps

South Korean won money bills in big amount lies on South Korea flag close up. Finance and banking concept Counterfeit currency remains a costly challenge for financial systems worldwide, as digital platforms make it easier for illicit sellers to reach potential buyers. In South Korea, a sharp jump in counterfeit banknotes transferred to the central bank is raising questions about

Oct 13 2026
02:00 PM PST
Bank of Korea Staff Stock Trading Surges as ETF Oversight Faces Scrutiny

Bank of Korea Staff Stock Trading Surges as ETF Oversight Faces Scrutiny

Financial market analysis displayed on a screen a hand points to key data stock market trends investment strategy South Korea’s financial oversight system is facing renewed questions about governance and investor protection after reported stock transactions by employees in key central bank departments surged in early 2026. The increase comes as officials face criticism over the central bank’s warnings about

Oct 13 2026
01:00 PM PST
South Korea Flags Nearly 16,000 Credit Card Shell Merchants in Tax Evasion Crackdown

South Korea Flags Nearly 16,000 Credit Card Shell Merchants in Tax Evasion Crackdown

Photo=Motionelements South Korea’s crackdown on fraudulent credit card transactions is exposing a persistent challenge for tax authorities and financial regulators: businesses that disguise their identities to conceal revenue and facilitate illicit payments. For U.S. payment networks, financial institutions and investors monitoring compliance risks in Asian markets, the figures underscore the importance of transaction monitoring and coordination between tax and financial

Oct 13 2026
12:00 PM PST