South Korea launched its oil supply price ceiling on its first day of enforcement, with President Lee Jae-myung announcing on X (formerly Twitter) that the regime is in effect and urging citizens to report any gas stations that violate the cap. The government set maximum supply prices per liter to

Rising crude prices tied to heightened conflict in the Middle East are shifting global oil flows, as India and China increase imports of Russian crude. The Financial Times reports that with the Hormuz Strait effectively facing disruption, demand for Russian oil is rising in Asia, and a large share of

In a historic first, the head of the Gyeongnam Provincial Police Agency publicly apologized on behalf of the police to the victims and families of the 3.15 uprising. Police chief Kim Jong-cheol delivered the apology during a memorial ceremony at the National 3.15 Democratic Cemetery in Masan, now

A fishing vessel operating under Hanrim Shipping caught fire in the morning on the sea about 90 kilometers southwest of Chaegu Island, off Jeju Island. The 29-ton A-ho, with 10 crew aboard, was reported in distress near Hankyeong-myeon’s Chaegu-do. The Jeju Coast Guard said the incident was reported around

A team of researchers from Shenzhen’s Southern University of Science and Technology (SUSTech) has developed a wearable robotic platform designed to help people carry heavy loads more easily, evoking a centaur-like hybrid of human and machine. The work was highlighted by the science outlet Interesting Engineering and published in

South Korea is expected to experience a pronounced day-to-night temperature swing this Saturday the 14th, with mild daytime warmth and chilly mornings. The Korea Meteorological Administration says skies will be mostly cloudy nationwide, and some southern inland areas could see frost during dawn to morning hours. Officials also noted that

Krafton, the South Korean game maker behind PUBG, announced on the 13th that it has signed a memorandum of understanding with Hanwha Aerospace to jointly develop Physical AI and to establish a venture aimed at taking the work from research into commercialization. The agreement signals a strategic shift from entertainment

Samsung Electronics chairman Lee Jae-yong returned to Seoul on the 13th, arriving at the Seoul Gimpo Business Aviation Center. He had wrapped up a European business trip focused on expanding collaboration in Samsung SDI’s electric vehicle battery business and potential new orders with European automakers. Lee’s arrival at

U.S. stocks extended their losses as trading wrapped up in New York on Tuesday, with renewed caution over the Iran-Israel conflict and the global outlook for inflation dampening investor sentiment. The market broader move came even as there were no decisive shifts in the battlefield dynamics; the Hormuz Strait

Kakao Mobility disclosed that CEO Ryoo Geun-seon outlined a shift to a physical AI-based future mobility company in a letter to all employees dated the 12th, with the company publicly reporting the plan on the 13th. The move signals a strategic reorientation beyond traditional ride-hailing and service operations. The company