Korea Rail Network Authority to Auction Two Commercial Parcels in Suseo Station District The Korea Rail Network Authority said Tuesday it will supply two commercial parcels in the Suseo Station public housing district through competitive bidding. The sites are Block C1-1 (1,663 square meters) and Block C1-3 (759 square meters). Both allow building coverage of up to 60% and a floor area ratio of up to 800%, enabling high-density development. Based on appraisals, the planned supply prices are 41.1 billion won for C1-1 and 18.2 billion won for C1-3. Payments will be made in April 29, 2026

With Won Near 1,500 per Dollar, Expert Urges Stronger Foreign-Exchange Defenses Bank of Korea Gov. Shin Hyun-song took office April 20. The central bank’s most important tasks are price stability and defending the exchange rate, the author wrote. The won has trended weaker over decades, from the 200-won range in the 1970s to about 2,000 won during the IMF foreign-exchange crisis and 1,600 won during the global financial crisis.  South Korea depends on trade, with a trade-to-GDP ratio of about 75%, the world’s second-highest, the author said. That makes exchange-rate April 29, 2026

Daeryuk & Aju and Lin Launch Merger Committee to Pursue Combined Law Firm Daeryuk & Aju Law Firm and Lin Law Firm have launched a consultative body to pursue a merger, formally beginning integration talks. The firms on April 29 held a signing ceremony for a business agreement in a conference room at Daeryuk & Aju’s offices in Seoul’s Gangnam district and agreed to form a merger promotion committee. About 50 people, including partner attorneys from both sides and journalists, attended. The committee will oversee merger discussions from April 29 until t April 29, 2026

Doosan posts strong Q1 gains, ramps up semiconductor and energy investments Doosan Group is posting a sharp early-year performance lift, driven by strength in its core energy business and growth in semiconductor-related materials, parts and equipment seen as a future growth engine. The group plans to accelerate that semiconductor expansion through large-scale investment and mergers and acquisitions. According to industry officials on Tuesday, Doosan Corp. reported first-quarter consolidated revenue of 5.0603 trillion won and operating profit of 340.8 billion won, April 29, 2026

Hanwha Jumps to No. 5 in Korea Conglomerate Rankings; Hyosung Rises on Power Gear Boom Hanwha Group and Hyosung Group have expanded rapidly, reshaping South Korea’s top-30 conglomerate rankings, which have typically seen limited movement. According to the Fair Trade Commission’s disclosure on large business groups released on the 29th, Hanwha rose to fifth from seventh. Hyosung also moved up, to 28th from 31st. Hanwha’s total assets increased by about 24 trillion won, to 149.6 trillion won this year from 125.7 trillion won last year, overtaking Lotte Group and POSCO Group. April 29, 2026

South Korea's Cho Hyun, Azerbaijan foreign minister discuss cooperation and regional issues South Korean Foreign Minister Cho Hyun spoke by phone Tuesday afternoon with Azerbaijani Foreign Minister Jeyhun Bayramov to exchange views on overall bilateral ties, practical cooperation and regional developments, the Foreign Ministry said. Cho thanked Azerbaijan for helping South Korean nationals evacuate safely during heightened tensions in the Middle East in June last year, and asked for continued attention and cooperation to protect South Koreans in connection with the situation April 29, 2026

Daeryuk & Aju and Lin to Merge, Citing Limits for Mid-Sized Law Firms Daeryuk & Aju and Lin said they will merge, saying mid-sized firms face structural limits in moving into the top ranks of South Korea’s legal market. Lee Gyu-cheol, managing partner at Daeryuk & Aju, said in an interview after the firms signed a merger memorandum of understanding on the 29th that “in the current law firm market structure, it is virtually impossible for a mid-sized firm to rise into the top tier through organic growth alone.” He described the gap in scale: “If a April 29, 2026

LH Signs Implementation Deal for Seoul’s Myeonmok District 9 Public Redevelopment Korea Land and Housing Corp.’s Seoul metropolitan redevelopment unit said Tuesday it signed an implementation agreement with the residents’ representative council for the Myeonmok District 9 public redevelopment project in Seoul. Myeonmok District 9 failed to make the cut in 2021 under the city’s fast-track planning program and the first round of public redevelopment candidates. It was later selected as a second-round public redevelopment candidate in 2022, backed by strong resident par April 29, 2026

Energy Forum: Middle East shock puts energy security in focus; Korea urged to redesign grid and energy mix Energy supply-chain shocks triggered by war in the Middle East are rattling the global economy and elevating energy security as a key factor in national resilience. Disruptions in crude oil supply and sharp price increases have rippled through inflation, interest rates and exchange rates, quickly affecting household budgets and corporate operations. South Korea, which relies on imports for most of its energy, is among the countries most exposed to external shocks, analysts say. Experts wa April 29, 2026

LG Electronics Says AI Data Center Cooling Business Nearing Visible Results LG Electronics said on Tuesday that it has made progress in its AI data center cooling solutions business and expects to share tangible results soon.    In a conference call on its first-quarter earnings, the company said certification procedures for key products are moving smoothly with major customers, including global big tech firms.    LG Electronics said it is moving quickly to secure next-generation cooling technologies and develop products, while expanding cooperation to deliver t April 29, 2026