Ian Werther

The South Korean Foreign Ministry announced on the 12th that Tae-woong Baek, a professor at the University of Hawaii’s School of Law, has been named ambassador to the Organisation for Economic Co-operation and Development (OECD). The appointment is notable because OECD ambassadors have typically come from economic ministries or

Iran’s new supreme leader, Ayatollah Ali Khamenei, reaffirmed plans to pressure the United States and Israel by keeping the Hormuz Strait in play, signaling a hard line after his formal elevation to the role. In a national TV address, he described using Hormuz as a “lever” and indicated a

SoCar, South Korea’s leading car-sharing operator, said on the 13th that it will maintain its free driving-fee benefits and, through the end of April, freeze the driving fee that would apply when ICE (internal combustion engine) cars are driven 30 kilometers or more. The move comes as fuel prices

NCSoft unveiled its 2026-2030 business plan during a management strategy briefing at its Pangyo R&D Center in Seongnam on March 12, outlining a path to accelerate growth and broaden its user base beyond Korea. The company aims to lift annual revenue from about 1.5 trillion won today

South Korea’s government announced a first-ever national “oil price ceiling” to curb volatile pump prices, prompted by turbulence in the Middle East. The measure, the so-called petroleum price ceiling, will go into effect from 0:00 on March 13 and marks the first use of such a ceiling since

Seoul mayor Oh Se-hoon of the People Power Party said on the 12th that he would not file or register for the party’s local-election nominations that day, citing a lack of visible steps toward implementing the party’s pledge to break with former President Yoon Suk-yeol. The remark followed

South Korea’s stock market opened sharply lower on Monday as international oil prices surged after hawkish remarks attributed to Iran’s new top leader. The Kospi opened around 5,412.39, down about 3.1% from the prior session’s close of 5,583.25. The Kosdaq started at

South Korea’s National Assembly approved, on December 12, a bipartisan bill setting up a framework for a major Korea–U.S. strategic investment program. The so-called US Investment Special Law would create a Korea–U.S. Strategic Investment Corporation to oversee up to about $350 billion in targeted investments

The Korea Mobile Game Association (KMGA) and NC AI, the artificial intelligence subsidiary of NCSoft, announced on the 11th that they have signed a collaboration agreement to advance Korea’s indie game industry. The deal aims to support domestic indie game development and boost developers’ efficiency. Under the agreement, the

The Korea Mobile Game Association (KMGA) and NC AI announced on the 11th that they have signed a memorandum of understanding to support the indie game sector by leveraging NC AI’s technology solutions and infrastructure, and by jointly planning technical seminars, training programs, and conferences. NC AI has previously