The government prolonged temporary fuel tax reductions to end-November to shield consumers from sustained global oil prices driven by Middle East tensions. Drivers and transport operators benefit immediately; highway stations will cut pump prices during Chuseok (Korean Thanksgiving, late Sept.). Kor
The U.S. is postponing a decision on new tariffs on excess industrial capacity until after President Trump meets with China's Xi Jinping. The delay affects Korean exporters and manufacturers who rely on U.S. market access. Tariff timing matters for Korea's tech, auto, and chipmaking sectors already
South Korea's financial regulators say the U.S. Federal Reserve's rate increase will have minimal direct impact on Korean markets. The won-dollar exchange rate and stock prices have shown resilience despite the Fed's decision, suggesting capital outflows remain controlled.
North-South cooperation firms face mounting debts as political relations freeze under Pyongyang's 'two states' doctrine. Aging shareholders and stalled projects risk liability inheritance; the Ministry of Unification is exploring restructuring options including a dedicated Inter-Korean Cooperation F
SK hynix labor and management agreed to revise wages and collective bargaining terms, splitting bonuses evenly between cash and company stock. This applies to all SK hynix workers in South Korea. The deal, reached after earlier tentative agreements, now awaits formal ratification. Korean chaebol wag
Seoul city bus union declared a strike beginning Sept. 16 after management talks failed. The walkout affects millions of commuters across the capital's primary public transit system. Workers are seeking higher wages; the dispute reflects broader labor tensions in South Korea's public transport secto
Seoul Institute surveyed 1,000 residents on Sept 14–15 and found overwhelming opposition to the planned strike by the city bus union, though most respondents could not identify what the drivers were demanding. The strike was set to begin Sept 16. This touches commuters and daily transport access acr
Image: Kyunghyang (English) (original article) South Korea’s Supreme Court has finalized guilty verdicts against Severance Hospital and its cleaning subcontractor for systematically dismantling a janitors’ …
South Korea's nominee to lead a new anti-corruption agency supports criminal justice system overhaul. The country is establishing this agency to centralize white-collar and high-profile crime investigations currently split among multiple bodies. Judicial reform typically precedes or accompanies stro
South Korea's two largest chipmakers refused KEPCO's (Korea Electric Power Corporation) proposal to prepay five years of electricity costs (25 trillion won / $18.5 billion combined). The prepayment was designed to ease KEPCO's financial strain from subsidizing industrial power rates. This affects ma