Five defendants in the ongoing Daejang-dong development scandal appeared at the Seoul High Court for the first appellate hearing, marking the start of the appeal for Kim Man-bae, Yoo Dong-gyu, Nam Wook, Jeong Young-hak, and Jeong Min-yong. They face mostly the same charges that were upheld in the first trial,

Prices at South Korean gas stations fell on the morning of the 14th, the second day after the government introduced an oil price ceiling. The national average for gasoline was 1,851.9 won per liter, down 12.2 won from the previous day, while diesel averaged 1,856.1

South Korea’s tech scene this week highlighted deeper cross-border AI collaboration and a push to apply artificial intelligence to physical systems. Hanwha Aerospace is teaming with Krafton to form a joint venture focused on developing physical AI that operates in real-world environments. The arrangement includes Krafton joining an AI,

A Bloomberg News report, citing Bank of America’s chief investment strategist Michael Hartnett, says the current market backdrop—rising oil prices and concerns about private lending quality—has begun to resemble the prelude to the 2008 financial crisis. Hartnett’s investor note argued that asset-price movements in 2026 are

Samsung Electronics’ latest flagship, the Galaxy S26 Ultra, is drawing international attention for its AI features and a privacy-focused display, with favorable early reviews for the accompanying Galaxy Buds4 Pro as well. TechRadar in the United Kingdom called the S26 Ultra “the strongest leap” in the Galaxy S line to

Disruptions to Middle East oil supplies are rippling through South Korea’s petrochemical industry, with the country’s ethylene production potentially at risk. A reporter on the ground in Yeosu, in the southern Jeolla province, says the area’s large ethylene plant is trying to run on existing feedstock while

Prime Minister Sanae Takai said she intends to create an environment that would allow a cabinet-level official to attend the Takeshima Day ceremony held by Shimane Prefecture on Honshu’s western coast. The remarks were reported during a session of the House of Representatives Budget Committee yesterday. Takai told the

South Korea’s SK On wrapped up a three-day presence at InterBattery 2026, Seoul’s largest domestic battery industry exhibition held at COEX in the Gangnam district. The company outlined its role in the evolving energy-storage and electrification landscape as it showcased next-generation battery technologies and safety innovations. SK On’

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