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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
Homeplus Crisis Puts South Korea’s Private Equity Model on Trial

Homeplus Crisis Puts South Korea’s Private Equity Model on Trial

(Photo=Homepuls) Homeplus, once one of South Korea’s dominant supermarket chains, is preparing to shrink to nearly half its former size as a court deadline for emergency funding threatens to decide whether the retailer survives or heads toward liquidation. The company, controlled by MBK Partners, South Korea’s largest private equity firm, has submitted a revised rehabilitation plan to the Seoul Bankruptcy

Jun 30 2026
08:00 AM PST
Samsung, SK Lead Multi-Trillion-Dollar Push Into AI Chips and Data Centers as Global Demand Surges

Samsung, SK Lead Multi-Trillion-Dollar Push Into AI Chips and Data Centers as Global Demand Surges

Photo=SK hynix Samsung Electronics and SK Group are planning a sweeping investment program of as much as $650 billion to build a new semiconductor cluster in Gwangju, South Korea, as global competition for artificial intelligence infrastructure accelerates and demand for AI memory chips surges. The plan, discussed on June 26, reflects a broader effort by South Korea’s largest conglomerates to

Jun 29 2026
03:00 PM PST
South Korea Braces for Turbulent Search After Hong Myung-bo Resigns Following World Cup Exit

South Korea Braces for Turbulent Search After Hong Myung-bo Resigns Following World Cup Exit

Photo=KFA South Korean soccer entered another period of uncertainty on Sunday after head coach Hong Myung-bo resigned in the wake of the national team's disappointing exit from the 2026 FIFA World Cup, leaving the Korea Football Association (KFA) facing mounting pressure to appoint a successor capable of restoring public confidence. Hong accepted full responsibility after South Korea failed to progress

Jun 29 2026
01:00 PM PST
Kakao Union Escalates Labor Dispute With One-Day Walkout Over Bonus Pay

Kakao Union Escalates Labor Dispute With One-Day Walkout Over Bonus Pay

Photo=Kakao Employees at Kakao staged a one-day walkout on June 29 after labor and management failed to reach an agreement on a new performance-based bonus system, escalating a labor dispute that has dragged on for nearly two months. The action, known as "Logout Day," called on union members to take a full day of paid leave or scheduled time off

Jun 29 2026
12:00 PM PST