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South Korea’s Nuri Rocket Takes Step Toward Commercial Space Market After Fifth Launch

South Korea’s Nuri Rocket Takes Step Toward Commercial Space Market After Fifth Launch

Photo=KAI South Korea is moving to build a commercial launch industry around its homegrown Nuri rocket, a development that could create new opportunities for U.S. satellite operators, aerospace companies and investors as Seoul shifts from government-led development toward a private-sector space economy. The fifth Nuri launch raised the rocket’s cumulative success rate to 80% and demonstrated the ability to place

Oct 11 2026
08:00 AM PST
South Korea Extracts $294 Million from Top Tax Debtor in Sweeping Offshore Crackdown

South Korea Extracts $294 Million from Top Tax Debtor in Sweeping Offshore Crackdown

Photo=Cido Group South Korea’s most prominent individual tax delinquent has capitulated to a fierce government collection campaign, agreeing to pay nearly $294 million in a landmark settlement that underscores Seoul’s intensifying pursuit of wealthy evaders hiding assets abroad. The settlement with Kwon Hyuk, chairman of Cido Group, marks a watershed moment in South Korea's efforts to recover hidden wealth. It

Oct 10 2026
09:00 AM PST
South Korea’s Top Tax Delinquent Agrees to Pay $285 Million

South Korea’s Top Tax Delinquent Agrees to Pay $285 Million

South Korean won money bills in big amount lies on South Korea flag close up. Finance and banking concept South Korea is stepping up efforts to collect taxes from wealth held overseas, a shift that could increase compliance risks for U.S. companies, investors and wealthy individuals with cross-border assets as the country expands cooperation with foreign tax authorities. On October

Oct 10 2026
08:00 AM PST
Netflix Star Song Hye-kyo Has Spent 15 Years Bringing the Korean Alphabet to the World

Netflix Star Song Hye-kyo Has Spent 15 Years Bringing the Korean Alphabet to the World

(Photo=Seo Kyung-duk facebook) The Korean language has become increasingly familiar to international audiences through Netflix dramas and K-pop. But South Korean actress Song Hye-kyo, one of the country's most recognizable television stars, has spent the past 15 years promoting Korean writing far beyond television screens and concert stages. Song, internationally known for Netflix's hit drama The Glory, has supported a

Oct 9 2026
08:00 PM PST
LG Electronics Profit Tops $3 Billion for First Nine Months Despite Quarterly Earnings Miss

LG Electronics Profit Tops $3 Billion for First Nine Months Despite Quarterly Earnings Miss

(Photo=LG) LG Electronics reported record operating profit for the first nine months of 2026, surpassing $3 billion for the first time as stronger appliance sales, improving television profitability and growth in its automotive components business helped the South Korean electronics giant weather rising costs and global economic uncertainty. The company said Wednesday that third quarter operating profit rose 13.5% from

Oct 9 2026
10:00 AM PST