Seoul announced an overhaul of the industrial electricity tariff system that ties prices to daily demand and renewable output. The government said the changes, aimed at encouraging power use when solar and wind generation are strong, would lower daytime peak charges while raising nighttime base rates. Under the plan, the

Oil markets have reacted to the risk that Iran could seal the Strait of Hormuz, even as a senior U.S. official signaled that escort plans are in place. Scott Besent, the U.S. secretary of the treasury, said the United States would begin guarding tankers through the strait as

A Korean YouTuber known as Gujejeok has had his three-year prison sentence upheld by the country’s top court in a case tied to extortion allegations against a prominent online creator. The Supreme Court’s 2nd Division confirmed the lower court’s ruling after he was accused of colluding with

Lee Jung-hyun, the head of the People Power Party’s (PPP) Nomination Management Committee, said on the 13th that he intends to resign, in a notice to reporters at the party’s central headquarters in Yeouido, Seoul. In the message to reporters from the National Assembly press corps, he said

A 30-something public official was found dead in his office on the fourth floor of the Suseong District Office Annex in Beomeo-dong, Daegu, authorities said. A cleaning worker discovered the body, and police launched an investigation into the cause of death. The man had dialed 119 from his mobile phone

South Korea marked the first day of enforcement for two controversial judiciary reforms: a new offense of “distorting the law” and a system allowing petitions for retrial to challenge court decisions. On the day the reforms took effect, Chief Justice Cho Hye-dae of the Supreme Court was listed in a

A middle school student has been sent to the prosecutor in Incheon on charges tied to injuring a 30-something woman in an electric kick scooter incident, with a rental company and one of its executives also forwarded on charges of aiding unlicensed driving. The case stems from an event on

South Korea’s parliament passed a new Special Act on Investment for the United States that would establish a Korea-US Strategic Investment Corporation to oversee 350 billion dollars in U.S. investments. The framework allocates 150 billion dollars for shipbuilding and 200 billion dollars for sectors tied to broader economic

Seoul — The ruling People Power Party (PPP) is grappling with internal discord as Lee Jeong-hyun, the chair of the party’s nomination management committee, announced his resignation on March 13, 2026. The move comes as local elections approach and Seoul’s mayor Oh Se-hoon has delayed additional candidacy filings. Jang

The Korea Information Industry Association, known in Korean as 한국정보산업연합회 and abbreviated as 정산연, elected Yang Seung-wook as its 20th president at its 44th regular general meeting, held at EL Tower in Yangjae-dong, Seoul. Yang Seung-wook is a veteran ICT executive who previously served as editor-in-chief and CEO of Electronics