Photo=Motionelements More than 1.1 million South Koreans are now receiving at least about $720 a month through the country’s national pension system, highlighting the expanding role of public retirement benefits in one of the world’s fastest-aging societies. According to data released Tuesday by the National Pension Service, 1104231 people were collecting monthly pension payments exceeding 1 million won as of

Photo=Starbucks Chung Yong-jin, chairman of Shinsegae Group, removed the chief executive of Starbucks Korea on May 19 local time after a promotional campaign drew accusations of mocking some of South Korea’s most sensitive democratic events. The company said CEO Son Jeong-hyun was dismissed following public outrage over a tumbler promotion that used phrases including “Tank Day” and “Thump on the

(Photo=Disney+) A controversy surrounding historical symbolism in a South Korean television drama has evolved into a broader debate over national identity, highlighting the cultural sensitivities global streaming audiences often overlook as Korean entertainment expands worldwide. IU, one of South Korea’s most recognizable singer-actresses, and rising actor Byeon Woo-seok issued public apologies after viewers criticized scenes from the MBC drama The

(Photo=Samsung C&T) Samsung C&T’s new healthcare partnership in Saudi Arabia highlights how South Korean companies are attempting to turn their industrial and construction expertise into a broader global business tied to artificial intelligence infrastructure. Samsung C&T, the construction and engineering affiliate of South Korea’s Samsung Group, signed an agreement with Saudi private healthcare operator Dr. Soliman Fakeeh Hospital and its

(Photo=Gemini Generated Image) South Korea’s largest corporations are increasingly turning back to veteran insiders to lead their businesses, signaling a broader shift in management philosophy as the country’s export-driven economy faces mounting geopolitical pressure, technological disruption and slowing global growth. According to a report released Tuesday by corporate research firm Leaders Index, 84.5% of chief executives at South Korea’s top