LG Uplus to Retire 5.4 Million Treasury Shares in 80 Billion Won Cancellation LG Uplus said Wednesday it will cancel all about 5.4 million treasury shares it bought last year, as it moves to accelerate its “value-up plan” aimed at boosting shareholder value. In a regulatory filing, the company said it will cancel treasury stock worth about 80 billion won in book value on May 15. The cancellation covers all roughly 5.4 million shares acquired since last year, equal to 1.26% of total shares outstanding. LG Uplus previously canceled about 6.78 million shares, worth April 30, 2026

Democratic Party’s Lee Kwang-jae shrugs off ‘parachute nomination’ criticism in Hanam by-election bid Lee Kwang-jae, confirmed as the Democratic Party of Korea’s candidate for the June 3 parliamentary by-election in Gyeonggi Province’s Hanam Gap district, said he would take criticism over his nomination as a call to work harder for the area.  Responding to remarks by People Power Party lawmaker Ahn Cheol-soo of Bundang Gap, whom Lee faced in the 22nd general election, Lee said at a news conference at the National Assembly on April 30 that he would accept the criticism as meaning he should April 30, 2026

Court Extends Homeplus Restructuring Plan Deadline by Two Months as Express Sale Nears A South Korean court extended the deadline for Homeplus to win approval of its rehabilitation plan by about two months, citing progress in the sale of its Homeplus Express supermarket unit. The company is expected to sign a share purchase agreement, or SPA, with preferred bidder Harim Group (NS Home Shopping) as early as next week. The Seoul Rehabilitation Court’s Rehabilitation Division 4, headed by Chief Judge Jeong Jun-young, on Wednesday moved the approval deadline to July 3 April 30, 2026

BGF Logis, Cargo Truckers Union Reach Deal; Improvements to Apply to All Drivers BGF Logis, the logistics unit of BGF Retail, said it has reached a final agreement with the Cargo Truckers Union, ending a dispute that disrupted deliveries. In a statement released April 30, BGF Logis said talks with the union concluded that day and that the resulting improvements in working conditions will apply equally to all transport workers who work with the company, regardless of affiliation or union membership. The company said blockades at its logistics centers and ready-to April 30, 2026

Democratic Party Taps Kim Seong-beom as Third Recruitment Pick Ahead of June 3 By-Elections The Democratic Party on April 30 named Kim Seong-beom, a former vice minister of oceans and fisheries, as its third “talent recruitment” pick ahead of the June 3 parliamentary by-elections. Kim is widely expected to run in Seogwipo, Jeju, the seat vacated by Wi Seong-gon after Wi confirmed his bid for Jeju governor and resigned his lawmaker post. Kim said he wants to work for his hometown of Seogwipo. Party leader Jeong Cheong-rae introduced Kim at a National Assembly event, calling him “ April 30, 2026

South Korea’s Kospi Slips After Topping 6,750 as Foreign Selling Spurs Profit-Taking South Korea’s Kospi climbed above the 6,750 level in intraday trading on April 30 but reversed to finish lower as foreign investors sold and overseas uncertainties weighed on sentiment. Ahead of a holiday, profit-taking erased earlier gains and pushed the benchmark back into the 6,590 range. According to the Korea Exchange, the Kospi closed down 92.03 points, or 1.38%, at 6,598.87. It opened up 48.49 points, or 0.72%, at 6,739.39 and briefly topped 6,750 before turning negative. April 30, 2026

LG’s EXAONE AI to Power Korea’s Safety Report System, Pilot Service Due This Year LG AI Research is accelerating the use of artificial intelligence in public safety services. LG AI Research said April 30 that it has completed the first phase of development of an “AI Safety Report System” based on its EXAONE model, in cooperation with the Korea Electronics Technology Institute (KETI), and will launch a pilot service within the year. The system is designed to analyze more than 39,000 safety reports filed each day and automate the full workflow — from intake to screeni April 30, 2026

K Bank Q1 Net Profit Jumps 107% to 33.2 Billion Won on Strong Corporate Lending K Bank said in a regulatory filing on Wednesday that it posted net profit of 33.2 billion won ($?) in the first quarter, up 106.9% from a year earlier, as asset growth continued on strong corporate lending. Total customers reached 16.07 million at the end of the quarter, up 540,000 from the end of last year. Deposits totaled 28.22 trillion won, up 1.5% from 27.80 trillion won a year earlier. Loans rose 10.7% to 18.75 trillion won from 16.94 trillion won. Despite a tighter stance on house April 30, 2026

LG CNS Q1 Operating Profit Rises 19.4% to 94.2 Billion Won LG CNS said Thursday it posted broad first-quarter growth across its businesses, helped by expanding AI and cloud operations. The company said rising demand for AI transformation, along with growth in external projects, lifted both profitability and sales. LG CNS reported first-quarter revenue of 1.315 trillion won and operating profit of 94.2 billion won. Revenue rose 8.6% from a year earlier and operating profit increased 19.4%. Revenue from its AI and cloud business, a key growth dri April 30, 2026

South Korea to Overhaul 2027 R&D Budget, Shift Funds to Strategic Technologies The government is moving to restructure funding for 2027 research and development, concentrating investment on national strategic technologies such as semiconductors, artificial intelligence, advanced bio and quantum technology. It also plans to streamline R&D spending across ministries by cutting discretionary outlays by about 15% and mandatory spending by about 10%. The Ministry of Science and ICT and the Office of Budget Planning said they held a budget strategy meeting on the afternoo April 30, 2026