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South Korea’s ‘Crimson Desert’ Signals Shift as Korean Developers Push Deeper Into Global Console Market

South Korea’s ‘Crimson Desert’ Signals Shift as Korean Developers Push Deeper Into Global Console Market

(Photo=Pearl Abyss) A fast-selling new title from Pearl Abyss, best known for its online role-playing game Black Desert, is drawing attention beyond its early commercial success, as its latest release Crimson Desert surpassed 5 million copies sold within a month of launch. The open-world action game reached the milestone roughly 26 days after its March 20 debut, following a rapid

Apr 16 2026
08:00 AM PST
South Korea Elevates Labor Day to Binding Holiday, With Strict Pay Enforcement

South Korea Elevates Labor Day to Binding Holiday, With Strict Pay Enforcement

A poster for Labor Day with a man holding a wrench. South Korea is moving to firmly institutionalize Labor Day as a nationwide paid holiday, pairing the shift with stricter enforcement measures that raise the cost of noncompliance for employers. The policy marks the first time the government has effectively extended full Labor Day observance across both public and private

Apr 15 2026
01:00 PM PST
South Korea to Halve Midday EV Charging Rates to Boost Solar Power Use

South Korea to Halve Midday EV Charging Rates to Boost Solar Power Use

Photo=Hyundaimotorgroup South Korea will cut electricity rates for electric-vehicle charging by half during midday hours on weekends in the spring and fall, part of a broader effort to shift demand to periods of peak solar generation. Under a revised seasonal and time-of-use pricing system announced by the Ministry of Climate, Energy and Environment, EV drivers using public chargers between 11

Apr 15 2026
12:00 PM PST
Korean Conglomerate Owners’ Pay Averages $2 Million, With Gaps Exceeding 100 Times Workers’ Wages

Korean Conglomerate Owners’ Pay Averages $2 Million, With Gaps Exceeding 100 Times Workers’ Wages

Controlling families of South Korea’s largest business groups earned an average of about $2.0 million in compensation last year, highlighting persistent pay disparities with rank-and-file employees that in some cases exceeded 100 times. A review by corporate data tracker CEO Score of 460 affiliates across 81 conglomerates found that owner-family members receiving more than $370000 annually posted average compensation of

Apr 15 2026
11:00 AM PST
South Korea’s Job Growth Masks Deepening Divide as Youth Employment Decline Extends

South Korea’s Job Growth Masks Deepening Divide as Youth Employment Decline Extends

(Photo=MotionElements) South Korea’s labor market continued to add jobs in March, but gains were increasingly concentrated among older workers, masking a prolonged decline in youth employment that has persisted for 41 consecutive months. The economy added 206,000 jobs from a year earlier, extending a 15-month streak of employment growth, according to Statistics Korea. The unemployment rate fell to 3.0%, one

Apr 15 2026
09:00 AM PST