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South Korea launched its oil price ceiling system on March 13, aiming to curb consumer costs when crude markets run hot. The policy sets maximum prices that refiners and distributors can charge for gasoline, diesel and kerosene, in an effort to buffer households and small businesses from sharp spikes in

Krafton and Hanwha Aerospace announced plans to establish a joint venture to develop physical AI technology, a move that sent Krafton’s stock higher on March 13, 2026. The company was trading at 246,500 won, up 25,000 won from the previous day, a rise of about 9.07%

A Korean-language book review examines a work by an American science writer about social robots and love, translated for Korean readers and published more than two years ago. The book asks a provocative, timely question: can AI ever truly feel love, or is it only capable of simulating it? The

Seoul police have broadened an investigation into independent lawmaker Kim Byung-gi and his family, focusing on alleged preferential treatment related to his son. The son, identified as A, is suspected of using irregular means in gaining admission to Soongsil University’s contract department and in obtaining a job at the

On the 13th, President Lee Jae-myung spoke at a town-hall meeting in Cheongju Osco, in Chungbuk, addressing residents from the region. He argued that mega-regionalization has become a global trend and that Korea should reorganize its economy into ultra-wide regional hubs beyond a capital-centered single pole. Lee framed balanced development

JW Holdings, the parent company of Korean drugmaker JW Pharmaceutical, has agreed to acquire a biotech-focused venture capital firm, Soliders Investment. The board approved the purchase of 2 million shares for 30.6 billion won, equivalent to about 2.45% of JW Holdings’ total assets. The deal brings the number

South Korea’s President Lee Jae-myung used a town-hall event in Cheongju, in North Chungcheong Province, to outline regional-competition ideas that could reshape the country’s administrative map. Speaking at OSCO, he floated the possibility of formally integrating Chungcheongnam-do (South Chungcheong), Chungcheongbuk-do (North Chungcheong) and Daejeon into one large economic

Naver Corp., Korea’s dominant internet and AI company (stock ticker 035420), published its annual executive pay disclosures, highlighting that former CEO Han Seong-sook topped the list with total compensation of 103.43 billion won for last year. Han, who previously led Naver and later headed its European business development

South Korea is seeing more glaucoma patients each year, with 1,223,254 people treated for the condition in 2024, according to the Health Insurance Review and Assessment Service (HIRA). The total has risen steadily since 2020, and while the largest share of patients remains in their 60s and older,

With the United States considering its next steps in a confrontation with Iran, attention has shifted to the Strait of Hormuz, the key waterway through which about 20% of the world’s crude oil passes. Reports have grown that Iran may have begun laying mines in the strait, raising the