The number of employed people in South Korea increased for the third consecutive month in August, but job growth continues to center on the senior population, exposing a widening polarization in the labor market. Employment opportunities for young people and within the manufacturing and construction
Hyundai Motor’s labor union has secured the legal right to strike, just one day after the National Assembly passed the so-called Yellow Envelope Act, raising concerns over potential disruptions to production lines already strained by tariff pressures and global market uncertainties.On the morning of
How does the Melona design look to you?After a lengthy legal battle, the court has acknowledged the distinctiveness of Melona’s packaging and the possibility of consumer confusion, ruling in favor of Binggrae.On the 22nd, Binggrae announced that it had won the appeal in its unfair competition lawsui
The full-sized electric SUV market is heating up, with Hyundai’s Ioniq 9 rapidly expanding consumer options by capitalizing on two key strengths: space and price.According to Hyundai Motor Company on August 13, the Ioniq 9 posted domestic sales of 4,745 units from January to July this year. This fig
On August 8, the Ministry of Trade, Industry and Energy and the Ministry of Employment and Labor held a roundtable with representatives from the Korea Employers Federation, manufacturing industry associations, and other sector groups to strengthen corporate awareness around safety and accident preve
The Ministry of Science and ICT, together with the Korea Internet & Security Agency, is launching a large-scale initiative to spread blockchain technology throughout everyday life and across industrial sectors.In an effort to identify innovative new blockchain services this year, the two organizatio
The South Korean government has initiated a comprehensive inspection of major parcel delivery companies to safeguard workers during the summer heat and address unfair subcontracting practices.Starting August 6th, the Ministry of Employment and Labor, the Ministry of Land, Infrastructure and Transpor
Bang Si-hyuk, chairman of HYBE and a central figure in South Korea’s music industry, has issued an apology to internal staff amid allegations of fraudulent insider trading. In an email sent to HYBE employees on the 6th, Bang expressed remorse and announced his intention to return to Korea as soon as
South Korea has finalized its minimum wage for 2026, setting the rate at 10,320 won per hour—a 2.9 percent increase from the current year. This decision holds particular significance as it marks the first consensus between labor and management since 2008, achieved through July negotiations.On August
In South Korea, chicken is more than just a snack—it's a beloved tradition that brings families together and infuses everyday life with a sense of festivity.On July 31, Genesis BBQ, marking its 30th anniversary, invited the world-renowned football club FC Barcelona (Barça) to Seoul for an event stee
Ktown4u, the leading global K-pop merchandise platform, has announced a new partnership with Japan’s iconic commercial complex Shibuya109 to launch an exclusive online store designed for Japanese consumers.The new online section offers a comprehensive range of local Japanese content, including J-pop
The Ministry of Oceans and Fisheries announced on July 29 that the Korea Polar Research Institute and Hanwha Ocean have officially signed a contract for the construction of the next-generation icebreaking research vessel. The contract, signed at an event attended by key representatives from the Mini
Hana Bank and HDC Hyundai Development have formed a new strategic partnership to transform the future of senior housing in South Korea, announcing on July 23 that they have signed a Memorandum of Understanding (MOU) aimed at invigorating the “Wellness Residence” business and providing tailored asset
CJ CheilJedang is accelerating its push into the Japanese market by installing exclusive Bibigo product sections at Don Quijote, one of Japan’s largest discount store chains.On July 21, CJ CheilJedang announced that dedicated Bibigo shelves have been set up at around 200 Don Quijote outlets, with pl
After 17 years, South Korea's Minimum Wage Commission has reached an agreement to raise the minimum hourly wage by 2.9% in 2026, settling at 10,320 won. The commission, in its 12th plenary meeting held on July 10 at the government complex in Sejong, decided in favor of a 290-won increase over the cu
The Bank of Korea has decided to keep its base interest rate steady at 2.50 percent, as the country grapples with soaring household debt and sustained housing market instability.On July 10, the Monetary Policy Board of the Bank of Korea announced its decision to hold the key rate at 2.50 percent. Th
Samsung Electronics has underscored its commitment to technological innovation with the global debut of its latest foldable smartphones and smartwatches in the United States.On July 9th (local time), the tech giant held its ‘Galaxy Unpacked 2025’ event at the Duggal Greenhouse in Brooklyn, New York,
The rate of increase in apartment sale prices across Seoul has slowed for a second consecutive week, indicating the visible impact of the government's latest lending regulations introduced on June 27.According to weekly data released by the Korea Real Estate Board on July 10, the first week of July
Ktown4u has strengthened its customs clearance competitiveness by officially acquiring the Authorized Economic Operator (AEO) certification.The global K-POP on-offline integrated platform Ktown4u (CEO Song Hyomin) announced that it received the AEO certification at the ‘2025 3rd Authorized Economic
Samsung Electronics’ operating profit in the second quarter of this year was nearly cut in half amid sustained challenges in its semiconductor segment and a significant inventory write-down.On July 8, Samsung Electronics announced in a regulatory filing that it posted a consolidated operating profit
