Pearl Abyss Projects Record Q1 Revenue of 300 Billion Won Driven by 'Crimson Desert' Success Pearl Abyss is projected to achieve record revenue of around 300 billion won in the first quarter of this year, driven by the rapid success of its newly launched game, 'Crimson Desert,' which debuted globally in March. According to analysts on May 10, Pearl Abyss is expected to announce its Q1 results on May 12, reporting revenue of 311.9 billion won, operating profit of 143.5 billion won, and net profit of 110.4 billion won. This represents a 272% increase compared to 83.7 billion won d May 10, 2026

Korea's Fair Trade Commission Investigates Myungnyun Jinsagalbi for Loan Practices The Fair Trade Commission (FTC) has initiated disciplinary proceedings against Myungnyun Jinsagalbi's franchise headquarters, Myungnyun-dang, over allegations of high-interest lending and coercive practices towards franchisees. The investigation stems from claims that the company effectively forced franchise owners to use specific suppliers and omitted critical loan-related information. On May 10, the FTC's secretariat announced that it had sent a review report detailing the alleged violat May 10, 2026

Government Expands Support for Oil Import Companies Amid Ongoing Middle East Conflict As the conflict in the Middle East continues, increasing uncertainty in international oil prices and crude oil procurement has prompted the South Korean government to expand financial support for oil import companies and assist in diversifying import sources. This initiative aims to strengthen responses to the growing financial burdens and supply chain risks faced by the industry. The Ministry of Finance and Economy announced on May 10 that it held the "Second Financial Support Review M May 10, 2026

Doosan Fined $2.3 Million for Delayed Subcontract Agreements Doosan, a major system integration (SI) company, has been penalized by the Fair Trade Commission (FTC) for failing to issue subcontract agreements on time over several years.On May 10, the FTC announced it would impose a corrective order and a fine of 230 million won (approximately $2.3 million) on Doosan for violating subcontracting laws by delaying the issuance of written contracts during the outsourcing of system development and management services.According to the FTC, from January 2022 to O May 10, 2026

Jokuk Proposes Amendments to Pyeongtaek Support Special Law Jokuk, leader of the Jokuk Innovation Party, stated on May 10 that Pyeongtaek needs responsible support from the government and the National Assembly to take a significant leap forward. He announced the adoption of the "Pyeongtaek Support Special Law Amendment" as the party's official stance. During a field meeting with 11 members of the Jokuk Innovation Party at the Godeok STV Knowledge Industry Center in Pyeongtaek, Jokuk emphasized the importance of the amendment. "Pyeongtaek is home t May 10, 2026

South Korean Defense Minister to Discuss Key Issues with U.S. Counterpart South Korean Defense Minister An Gyu-baek is set to visit the United States amid ongoing disagreements regarding the transfer of wartime operational control (WOC) and other key issues.According to the Ministry of National Defense on May 10, An will meet with high-ranking officials, including U.S. Secretary of Defense Pete Hegseth, until May 14. This marks An's first visit to the U.S. since taking office in July 2022.An will hold talks with Hegseth in Washington, D.C., on May 11 (local time) and May 10, 2026

North Korean Troops Participate in Russia's Victory Day Parade North Korean state media reported that the country's military took part in Russia's Victory Day military parade commemorating the end of World War II. The Korean Central News Agency (KCNA) stated on May 10 that the "81st anniversary celebration of the Great Patriotic War victory" took place in Moscow's Red Square the previous day, with the "Korean People's Army combined forces participating at the invitation of Russia." Army Colonel Choi Young-hoon led the troops in the march, and Russian Presid May 10, 2026

South Korea and U.S. Initiate High-Level Talks on $350 Billion Investment Project The South Korean and U.S. governments have officially begun high-level discussions on a strategic investment project worth $350 billion. The two countries are focusing on joint investments and research and development (R&D) in the shipbuilding and energy sectors, including nuclear power and liquefied natural gas (LNG), to enhance cooperation. According to the Ministry of Trade, Industry and Energy, Minister Kim Jeong-gwan visited Washington, D.C., from May 6 to 9 to discuss the strategic May 10, 2026

First Day of Increased Capital Gains Tax for Multiple Homeowners: Minister Kim Yoon-deok Addresses Concerns On the first day of the reimplementation of the increased capital gains tax for multiple homeowners, Minister of Land, Infrastructure and Transport Kim Yoon-deok dismissed concerns about a potential housing market freeze, stating, "The people's sovereignty government is different." In a post on X (formerly Twitter) on May 10, Kim noted, "Such forecasts are largely based on experiences from past administrations. Should we expect history to repeat itself this time? In the long run, I beli May 10, 2026

70% of Homebuyers Selling Cryptocurrency Are in Their 30s A recent report reveals that 70% of individuals who sold cryptocurrency to fund their home purchases are in their 30s. This trend follows the government's introduction of a separate category for cryptocurrency sales in housing financing plans, confirming the influx of virtual asset profits into the real estate market among this age group. According to data submitted by the Ministry of Land, Infrastructure and Transport to Kim Jong-yang, a member of the National Assembly's Land, Infrastruc May 10, 2026