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South Korea’s President Pledges Full Backing for Samsung and SK’s AI and Chip Expansion

South Korea’s President Pledges Full Backing for Samsung and SK’s AI and Chip Expansion

Photo=president.go.kr South Korean President Lee Jae-myung on June 29 hailed Samsung Electronics Executive Chairman Jay Y. Leeand SK Group Chairman Chey Tae-won after they unveiled multibillion-dollar investment plans in semiconductors, artificial intelligence and data centers, pledging full government support to accelerate the projects and calling the executives "national heroes." Speaking at the government's "Three Mega Projects for Korea's Next Leap"

Jun 30 2026
12:00 PM PST
South Korea’s Record Self-Employed Debt Raises Fresh Financial Stability Concerns

South Korea’s Record Self-Employed Debt Raises Fresh Financial Stability Concerns

Korean paper money, won, and cash banknotes for financial and business transactions. Korean money as a background for your design South Korea's self-employed workers have accumulated more debt than ever before, while overdue loans have climbed to record levels, raising concerns that one of the country's most vulnerable borrower groups could become a growing source of financial instability as borrowing

Jun 30 2026
11:00 AM PST
Foreign Companies Reap Strong Profits in South Korea, Sending Billions Back to Global Headquarters

Foreign Companies Reap Strong Profits in South Korea, Sending Billions Back to Global Headquarters

Korean paper money, won, and cash banknotes for financial and business transactions. Korean money as a background for your design South Korea has become one of Asia's most profitable markets for multinational companies, with many foreign brands generating robust earnings and returning a substantial share of those profits to their overseas parent companies. A report released on July 1 by

Jun 30 2026
11:00 AM PST
Hyundai Moves Elantra Upmarket With Bigger Engine

Hyundai Moves Elantra Upmarket With Bigger Engine

(Photo=Hyundai Motor) Hyundai Motor, South Korea’s largest automaker, is moving the Elantra compact sedan further upmarket with a larger body, a more powerful gasoline engine and a likely higher price. The company unveiled the fully redesigned eighth-generation Elantra, sold in South Korea as the Avante, at the 2026 Busan Mobility Show on June 26. The model marks the first full

Jun 30 2026
10:00 AM PST
South Korea’s Group A Exit Derails Advertising Industry’s World Cup Windfall

South Korea’s Group A Exit Derails Advertising Industry’s World Cup Windfall

(Photo=Korea Football Association) South Korea’s advertising industry entered the 2026 FIFA World Cup expecting a prolonged marketing boom, encouraged by a national team widely viewed as one of the country’s strongest ever and a Group A draw many considered favorable. Instead, South Korea failed to advance to the tournament’s 32-team knockout stage, abruptly ending hopes for weeks of additional World

Jun 30 2026
09:00 AM PST