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Shinsegae Group Chairman Chung Yong-jin issued a formal, personal apology on May 26, 2026, following intense public backlash
South Korea-based Bear Robotics, a subsidiary of LG Electronics, is accelerating its global expansion in service robotics with
South Korea said late on May 21 local time that it would freeze government-imposed fuel price caps for
Workers at Samsung Electronics, South Korea’s largest company and one of the world’s dominant memory-chip manufacturers, began voting
Photo=Samsung Samsung Electronics resumed high-stakes bonus negotiations with its labor unions on May 11, reopening talks just 45 days after discussions collapsed in March, as disputes over performance-based pay intensify and raise the risk of broader labor unrest. The two-day negotiations, running through May 12, are being held under a government-mediated post-arbitration process designed to prevent a full-scale strike. The
Photo=Motionelements On May 10, data from market-research firm ResearchAndMarkets underscored how quickly South Korea’s retail landscape is shifting from next-day shipping to near-instant fulfillment, as e-commerce platforms and traditional retailers compete for dominance in a rapidly expanding quick-commerce market. The sector is projected to reach $7.5 billion by 2029, up from about $5.5 billion in 2024, expanding at an average
Mobile Stock Market Trading in Real Time South Korea’s blistering stock-market rally accelerated in early May, triggering a wave of leveraged betting by retail investors eager to avoid missing further gains. Outstanding balances on personal overdraft accounts at the country’s five largest commercial banks reached $29.5 billion on May 7, up about $520 million from the end of April after
(Photo=Pixabay) South Korea is preparing to impose taxes on cryptocurrency gains beginning in 2027, advancing a long-delayed policy that could reshape behavior in one of the world’s most active retail digital-asset markets and expose the challenges governments face when trying to regulate decentralized finance. The National Tax Service, South Korea’s national tax authority, plans to begin taxing income generated from
(Photo=Kakao) Kakao, one of South Korea’s largest technology platform companies with businesses spanning messaging, fintech, mobility, cloud and digital content, is facing mounting labor pressure as employees push for a greater share of corporate earnings, underscoring a broader shift in how workers across the country’s technology sector are approaching compensation. Kakao’s labor union has entered mediation proceedings after failing to
