South Korea will implement a temporary oil products price cap in response to a surge in crude prices tied to disruption in the Middle East. The measure requires the four domestic refiners to supply gasoline, diesel, and kerosene to gas stations and distributors at or below set per-liter prices, while

South Korea’s government announced a new price ceiling for fuel, the first direct market intervention since oil-price liberalization began in 1997. Deputy Prime Minister and Finance Minister Koo Yoon-cheol said the maximum price regime takes effect at midnight on the 13th. For the first two weeks, the cap sets

A South Korean political party is trying to tamp down internal divisions as it steels itself for local elections. At a welcome ceremony in Yeouido, Seoul, on March 11, the party’s leader, Jang Donghyuk, and floor leader Song Eonseok were seen engaging in discussions amid ongoing factional tensions. During

A South Korean appeals court has upheld a ruling in favor of Kakao Games in a copyright case brought by NCSoft over Lineage2M. The court said that game rules and systems are not protectable as copyright, and NCSoft’s claim of infringement was rejected. NCSoft said it will appeal to

Yeongju City in North Gyeongsang Province has been selected for the 2026 Drone Demonstration City Construction Project for the second consecutive year, a program run by Korea’s Ministry of Land, Infrastructure and Transport and the Aviation Safety Technology Institute. The initiative aims to develop and validate urban drone services

President Lee Jae-myung said at the Blue House on March 12 that the government should expedite the drafting of a supplementary budget (추경) to support livelihoods and bolster economic recovery. He spoke during a senior aides meeting at the presidential residence, stressing the urgency of timely fiscal action. Lee warned

The Blue House said on March 12 that President Lee Jae-myung has ordered a thorough investigation into why remains from the December 29 Jeju Air disaster at Muan Airport were not promptly recovered and to hold those responsible to account. The additional debris and remains report was presented to the

South Korea’s Personal Information Protection Commission announced sanctions against Lotte Card over a major data breach last year. The agency said the company will be fined 9.62 billion won and face a separate administrative penalty of 4.8 million won, after concluding Lotte Card violated privacy laws in

An Ansan, South Korea, a man in his 40s identified as A pulled a driver out of a parked sedan near Seonbu Station in Danwon District and repeatedly assaulted him, according to police. After the initial beating, bystanders intervened, and A then returned with a 21-centimeter stainless bread knife, brandishing

Seoul Mayor Oh Se-hoon signaled his intention to run in the June 3 local elections as a member of the ruling People Power Party, but he did not file for party nomination on March 12 after speaking at a briefing in central Seoul. He made the comment after attending a