Planes draw a heart in the sky at the 2026 Gyeongnam Sacheon Airshow in South Gyeongsang on Oct. 22.YONHAP
Happy Thursday! Here are the stories you need to know in Korea.
In today's news, after Korea's shift to 24-hour currency trading, banks are working harder to keep up with the transactions. In other stories, we check out some of Seoul's lesser-known traditional markets, which are drawing tourists looking for lower prices and bargains.
Meanwhile, Tesla's levitating car has helped inspire a raft of memes in Korea, with netizens imagining what a Hyundai version of the car would look like. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Today's top story
BUSINESS
Korea's 24-hour FX market is keeping banks and customers up at night
Korea's currency market no longer sleeps. Neither do some of the people whose jobs depend on it. Since the shift to 24-hour trading, smartphones have become an overnight lifeline for corporate treasury managers.
The change has sent transaction volumes soaring on banks’ digital currency-trading platforms, and banks are intensifying competition for corporate clients by extending trading hours and increasing staffing at overseas offices.
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Cybersecurity agency calls for immediate PHP updates over critical security flaws
Attackers can reportedly exploit the vulnerabilities to remotely run arbitrary code or take control of affected systems without requiring login credentials or authentication.
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'That closet would have been my deathbed': A North Korean defector’s legal victory against Kim Jong-un
Choi Min-kyeong recounts surviving a reeducation camp and becoming the first North Korean-born defector to win a damages suit against Pyongyang in a South Korean court.