Hanwha Solutions issues new shares to repay debt amid backlash from investors, politicians

Hanwha Solutions will issue new shares to raise 2.4 trillion won ($1.6 billion) to repay debt, drawing criticism from investors and politicians who feel that the company slapping a band-aid on a fundamental fiscal ailment.

2026-04-01

Lee calls for pre-emptive emergency response system as Iran war drags on

President Lee on Tuesday called on the government to pre-emptively implement an emergency response system to cope with concerns about the supply of oil and gas, as the Iran war has dragged on and disruptions of global energy markets have continued.

2026-03-24

Government raises oil security alert level to 'caution,' designates naphtha an economic security item

The Korean government raised its security alert level on crude oil resources to “caution” on Wednesday. Naphtha, another crucial industrial resource, has also been temporarily designated as an economic security item.

2026-03-18

BOK holds special task force meeting over possible market volatility due to Iran crisis

The Bank of Korea (BOK) held a special task force meeting on Tuesday to assess the impact of the ongoing Middle East conflict on financial markets and discuss response measures against possible market volatility.

2026-03-03

Lee says government ready for 'all possible scenarios' in Middle East as he starts Singapore, Philippines trip

President Lee Jae Myung on Sunday assured the public that the government is preparing for “all possible scenarios” and has an emergency response system for tensions in the Middle East as he began a four-day trip to Singapore and the Philippines.

2026-03-01

Seoul gov't to operate 24-hour emergency centers after issuing cold wave advisory

A cold wave advisory was issued for Seoul from 9 p.m. on Thursday, with the Seoul Metropolitan Government operating a 24-hour cold wave emergency response center to minimize damage.

2026-02-05

Seoul to reactivate cold wave advisory on overnight forecast of minus 9 degrees Celsius

Seoul will reactivate its cold wave emergency response at 9 p.m. on Wednesday, a mere two days after it was lifted, the city announced earlier in the day.

2026-01-28

Coupang follows 'U.S. playbook' for aftermath of data leak, prioritizing investors over customers

Consumers are growing increasingly baffled by how Coupang is handling the aftermath of the data leak, but one thing is clear: The company has the U.S. investors' best interests at heart, not those of the users who suffered from the data breach.

2025-12-30

Indifference as a tactic: How Olive Young draws shoppers by leaving them alone

Olive Young is now near-synonymous with traveling to Korea, but the company's rise wasn't all smooth sailing, and the lessons learned along the way helped it rise to a social media "must go."

2025-12-09

Gov't gets tough on dust as winter smog season begins

A thick band of fine dust and yellow dust from China pushed air pollution in the greater Seoul area to hazardous levels on Tuesday, prompting the government to brace for a brutal winter and roll out stronger measures.

2025-11-25

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