Daewoo Elcrew Ilsan Private Rental Project in Deogi-dong Advances Land Acquisition, Planning Steps A private rental apartment project known as “Daewoo Elcrew Ilsan,” planned for the Deogi-dong area of Goyang, Gyeonggi Province, is moving ahead with land acquisition and preparations for required administrative procedures. Real estate industry officials said on the 29th that the developer is pursuing land acquisition while also preparing steps tied to a district unit plan. Industry observers note that early-stage projects often hinge on factors such as urban planning standards, populati April 29, 2026

Man Who Helped Rescue Victims in 2022 Itaewon Crush Found Dead After 10-Day Search A man in his 30s who took part in rescue efforts at the Oct. 29, 2022, Itaewon crowd crush was found dead 10 days after he went missing, according to reports. According to the Incheon Ilbo and other outlets, police said they found the body of A (37) at about 11:57 a.m. on April 29 in the area of Wangbangsan in Seondan-dong, Pocheon. A friend reported him missing to police on April 25, saying they had been unable to reach him since April 20. He was believed to have lost contact with famil April 29, 2026

South Korea Designates May 1 Labor Day and July 17 Constitution Day as Public Holidays Labor Day (May 1) and Constitution Day (July 17) have been officially designated as public holidays for government offices following Cabinet approval, a move expected to broaden rest-day protections nationwide. The Ministry of Personnel Management said the Cabinet on April 28 approved a partial revision to the regulation on public holidays for government offices to add the two dates. The step follows amendments to the Public Holidays Act passed by the National Assembly in January and Marc April 29, 2026

Korean Drug, Biotech Groups Form ‘One Team’ to Streamline Global Expansion Support A “K-Pharma Bio One Team” initiative aimed at strengthening the global competitiveness of South Korea’s pharmaceutical and biotech industry has officially launched. The Korea Pharmaceutical and Bio-Pharma Manufacturers Association said Tuesday it signed a memorandum of understanding at COEX in Seoul with the Korea Health Industry Development Institute, the Korea Bio Association and the Korea Trade-Investment Promotion Agency to cooperate on global marketing. The goal is to consolidate ove April 29, 2026

Chinese Hot Pot, Malatang and Milk Tea Chains Rush Into South Korea Chinese-language food and beverage franchises are rapidly expanding their presence in South Korea’s dining market, with once-budget Chinese fare increasingly repositioned as trendy, premium spending through malatang, hot pot and milk tea. According to industry officials on April 29, Chinese milk tea brand Chagee plans to open stores simultaneously on April 30 in Gangnam, Sinchon and Yongsan. Chagee, which reinterprets traditional tea in a modern style, opened its first store in China’s Yu April 29, 2026

Nexen Tire Q1 Operating Profit Rises 33.1% to 54.2 Billion Won on Record Sales Nexen Tire said it posted record quarterly revenue despite slowing global demand, helped by stronger sales in Europe and the United States and a higher share of higher-margin products. In an earnings filing on April 29, the company said first-quarter operating profit rose 33.1% from a year earlier to 54.2 billion won. Revenue increased 8.7% to 838.3 billion won, the highest quarterly figure on record, it said. Net profit was estimated at 61.9 billion won, up 55.3% from a year ear April 29, 2026

Experts urge balanced renewables-nuclear energy mix as supply chain risks grow Global geopolitical shifts and rising supply-chain risks are reshaping energy supply lines, prompting experts to call for a clear energy-mix strategy to secure South Korea’s stable power supply. Ajou Economy held the “2026 Ajou Economy Energy Forum” at the Press Center on the 29th and hosted a panel discussion on “Energy Mix Strategy for South Korea in the Era of Energy Security.” The session was moderated by Kim Hyeong-jun, a professor at KAIST’s Moon Soul Graduate School of Future Str April 29, 2026

KEPCO official urges proactive grid buildout as AI power demand surges "To support the spread of artificial intelligence and the expansion of renewable energy, we need a paradigm shift so that a proactively built power grid leads demand and generation," Kwak Eun-seop, head of system planning at Korea Electric Power Corp., said Tuesday. Kwak made the remarks at the “2026 Ajunews Second Energy Forum,” held at the Korea Press Center in central Seoul and hosted by Ajunews. He said surging electricity demand from data centers is turning the grid from April 29, 2026

KAIST’s Kim Hyeongjun says energy sector is central driver of climate change “Because humanity has produced energy while developing society and the economy — and inevitably emitted greenhouse gases — the core cause of climate change lies in the energy sector. To solve it, we have to break one of the links in the chain somewhere along the way.” Kim Hyeongjun, a chair professor at KAIST’s Moon Soul Graduate School of Future Strategy and Department of AI Futures Studies, made the remarks Tuesday while delivering a lecture titled “The Climate Crisis, Energy Security an April 29, 2026

LG Electronics warns of further PC price hikes if memory prices keep surging Park Sang-ho, an executive director in charge of management planning at LG Electronics’ MS division, said on April 29 during an earnings conference call that a shortage of memory semiconductors and rising prices are pushing up costs across the PC industry. “For PC products, which have a high share of memory components, the entire industry is facing a heavy burden from sharply higher costs,” Park said. “We have already applied price increases of about 15% to 20%, but if memory prices con April 29, 2026