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Samsung Heir Hong Ra-hee to Sell $1.5 Billion Stake to Fund Final Inheritance-Tax Payment

Samsung Heir Hong Ra-hee to Sell $1.5 Billion Stake to Fund Final Inheritance-Tax Payment

Photo=SNS Hong Ra-hee, honorary director of Seoul’s Leeum Samsung Museum of Art and a member of the Samsung founding family, plans to sell 15 million shares of Samsung Electronics to raise funds for inheritance-tax payments and loan repayments. According to a regulatory filing disclosed on 1/18 local time, Ms. Hong entered into a discretionary trust agreement with Shinhan Bank on

Jan 19 2026
01:00 PM PST
South Korea’s Economic Fortunes Hinge on Its Expanding Dollar Exposure

South Korea’s Economic Fortunes Hinge on Its Expanding Dollar Exposure

Photo=Motionelements South Korea’s ability to navigate global market volatility is increasingly tied to the U.S. dollar, as the country’s exposure to dollar-denominated assets has grown far beyond the capacity of its foreign-exchange market to absorb sharp currency swings, according to the International Monetary Fund. In its October 2025 Global Financial Stability Report, the IMF warned that South Korea’s unhedged dollar

Jan 19 2026
12:00 PM PST
South Korean Celebrity Chef Faces Backlash After Admitting to Multiple Drunk-Driving Convictions

South Korean Celebrity Chef Faces Backlash After Admitting to Multiple Drunk-Driving Convictions

Photo=Lim Sung-geun SNS A South Korean celebrity chef who rose to national prominence through the cooking competition Culinary Class Wars 2 is facing mounting public backlash after admitting to three drunk-driving convictions over the past decade, triggering a sharp loss of followers and renewed scrutiny of his media career. Lim Sung-geun disclosed the offenses in a video posted Jan. 18

Jan 19 2026
11:00 AM PST
BTS Anchors Long-Awaited Return With ‘Arirang,’ Turning to Cultural Memory and Emotional Continuity

BTS Anchors Long-Awaited Return With ‘Arirang,’ Turning to Cultural Memory and Emotional Continuity

(Photo=BTS X) BTS, the South Korean group that helped push K-pop into the U.S. mainstream, said it will release its fifth studio album on March 20, framing its first full-length project in nearly four years around origin, memory and emotional continuity rather than scale or reinvention. The album, titled Arirang, follows the group’s 2022 anthology Proof and will feature 14

Jan 19 2026
09:00 AM PST
Korean Companies Look to Egypt’s Suez Zone as Back Door to U.S. Market

Korean Companies Look to Egypt’s Suez Zone as Back Door to U.S. Market

(Photo=Suez Canal Special Economic Zone Authority) South Korea is weighing Egypt’s Suez Canal Economic Zone as a potential manufacturing base for exporters seeking to preserve access to the U.S. market, as shifting trade rules and supply-chain realignments prompt companies to rethink where goods are made. Yeo Han-koo, Seoul’s chief trade negotiator, recently met with Gamal El-Din, chairman of the Suez

Jan 19 2026
09:00 AM PST