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South Korea Cracks Down on Executives Treating Corporate Accounts as Personal Luxury Funds

South Korea Cracks Down on Executives Treating Corporate Accounts as Personal Luxury Funds

Photo=National Tax Service (South Korea) South Korea’s government is intensifying a sweeping crackdown on company owners accused of using corporate assets to finance extravagant personal lifestyles, signaling a broader political push against what authorities describe as deeply rooted abuses inside the country’s family controlled business culture. The National Tax Service said this week it had launched investigations into 19 companies suspected of using corporate

May 31 2026
11:00 AM PST
Why Workers at South Korea’s Dominant Messaging App Are Threatening to Strike

Why Workers at South Korea’s Dominant Messaging App Are Threatening to Strike

(Photo=kakao) A labor dispute unfolding at Kakao, the operator of South Korea’s dominant messaging platform KakaoTalk, is rapidly becoming a broader symbol of the pressures facing the country’s technology industry as slowing growth collides with rising employee expectations in the artificial intelligence era. Kakao’s labor union is preparing for a possible strike after wage negotiations with management collapsed this week,

May 31 2026
10:00 AM PST
Nvidia’s Jensen Huang Expected in South Korea as AI Partnerships Deepen

Nvidia’s Jensen Huang Expected in South Korea as AI Partnerships Deepen

Photo=Nvidia Nvidia Chief Executive Jensen Huang is expected to visit South Korea next week following appearances at the company’s GTC Taipei 2026 conference, according to semiconductor and technology industry officials familiar with the plans. The visit would mark Huang’s second trip to South Korea in about seven months, after attending the APEC CEO Summit in Gyeongju in October 2025. GTC

May 30 2026
11:00 AM PST
aespa’s ‘LEMONADE’ Highlights K-Pop’s Growing Global Playbook

aespa’s ‘LEMONADE’ Highlights K-Pop’s Growing Global Playbook

(Photo=aespa) K-pop has long been built around catchy songs and meticulously choreographed performances. Increasingly, however, South Korea’s entertainment industry is selling something larger: interconnected fictional worlds, global fan experiences and year-round consumer ecosystems that extend far beyond music itself. The latest example comes from aespa, the four-member girl group from South Korean entertainment company SM Entertainment, which released its second

May 30 2026
09:00 AM PST
South Korea Bets on the Global K Boom to Build Its Next Generation of Export Brands

South Korea Bets on the Global K Boom to Build Its Next Generation of Export Brands

Photo=Cosmobeautyseoul South Korea is moving to transform the global popularity of Korean culture into a broader export strategy, launching a new government backed initiative designed to turn domestic consumer products into internationally recognized brands as demand for Korean beauty, fashion and food continues expanding worldwide. The Ministry of SMEs and Startups said Thursday it will begin accepting applications for a

May 29 2026
11:00 AM PST