BYD Profit Drops 55% as China EV Price War Intensifies, Company Pushes Overseas China EV leader BYD reported a sharp drop in first-quarter profit as Beijing scaled back tax incentives and competition intensified, especially in the low-priced segment. The company said it plans to speed up overseas expansion to offset weaker sales at home. According to BYD’s earnings report released on April 28, first-quarter net profit fell 55.4% from a year earlier to 4.085 billion yuan (about 881.9 billion won). The decline was steeper than the previous quarter’s 38.2% drop, extendi April 29, 2026

LG Best Shop to Launch Starfield Unjeong Store With Major Appliance Promotions Starting May 1 LG Best Shop will run a large-scale appliance promotion to mark the opening of its new Starfield Unjeong store. LG Best Shop Starfield Unjeong is a newly opening store in the Seoul-Gyeonggi area in 2026. The company said it will operate as a hybrid location offering hands-on premium appliance experiences along with tailored consultations. The opening event begins May 1. During the promotion, the store will offer special opening benefits on major appliances, gifts based on purchase conditions a April 29, 2026

USFK commander urges Korea-Japan-Philippines 'kill web' to counter North Korea, China, Russia Gen. Xavier Brunson, commander of the South Korea-U.S. Combined Forces Command and U.S. Forces Korea, has proposed building a so-called “kill web” that links South Korea, Japan and the Philippines into a single military network. The Japan Times reported April 29 that Brunson, in an interview, said the network is needed to respond to rising security threats from North Korea, China and Russia. He said the plan would connect the three countries’ capabilities in multiple layers, with the Sout April 29, 2026

U.S. Embassy in Ukraine Faces Leadership Gap as Acting Envoy Plans Departure, FT Reports Julie Davis, the acting U.S. ambassador who has led the American Embassy in Ukraine, is expected to leave Kyiv soon, the Financial Times reported April 28 (local time). Citing multiple sources, the FT said Davis recently told the State Department she intends to step down and plans to leave Kyiv in June, ending a 30-year diplomatic career. Davis has served as chargé d’affaires at the U.S. Embassy in Ukraine since May last year. According to the FT, Davis has grown increasingly dissatisfi April 29, 2026

Cabinet Approves Bill to Add Three Local Council Seats in Incheon A bill to add three local council seats in Incheon cleared a Cabinet meeting on April 29. Prime Minister Kim Min-seok chaired an emergency Cabinet meeting and emergency economic task force meeting at the Government Complex Seoul that morning, where the government reviewed and approved a partial revision to the Public Official Election Act. The revision is a follow-up to Yeongjong Island being newly included as Yeongjong-gu, a basic local government unit, in Incheon. Incheon Metropolita April 29, 2026

Samsung SDI Shares Hit Intraday Record on Profit-Turnaround Hopes Samsung SDI shares rose on Tuesday as expectations grew for a recovery in the second half of the year and a return to profit. As of 10:27 a.m., the stock was up 17,000 won, or 2.65%, from the previous session at 698,000 won, according to the Korea Exchange. It climbed as high as 706,000 won early in the session, setting a new intraday record. KB Securities cited improving results in maintaining its “buy” rating and raising its target price 60.4% to 850,000 won from 530,000 won. Kiwoom S April 29, 2026

Korea Tourism Organization Targets Russian, Kazakh Medical Tourists, Expects 5.8 Billion Won in Deals The Korea Tourism Organization said April 29 that its large-scale local sales push targeting high-spending medical tourists from Russia and Central Asia has concluded, generating 346 contracts and an expected 5.8 billion won in sales. ◆ Central Asia emerges as a key target in Korea’s medical tourism market The number of foreign medical tourists visiting South Korea topped 2 million for the first time last year, reaching 2.01 million. Among them, visitors from Russia and Kazakhstan totale April 29, 2026

LG CNS, SAP Partner on AI-Driven Supply Chain Planning and Inventory Integration LG CNS is partnering with SAP to pursue artificial intelligence-based supply chain innovation, aiming to cut inefficiencies such as excess inventory and delivery delays by integrating processes that have typically been run separately across production, sales and inventory. LG CNS said Tuesday it recently signed a memorandum of understanding with SAP to drive intelligent supply chain innovation based on SAP Integrated Business Planning, or SAP IBP, and to expand in global markets. The signi April 29, 2026

EV Charging Firm Chaevi Jumps 132% in KOSDAQ Debut Chaevi, an electric-vehicle charging infrastructure company, surged in its KOSDAQ debut as buying poured in after trading opened. Shares were trading at 28,550 won as of 10:21 a.m. on Tuesday, up 132.11% from the IPO price of 12,300 won, according to the Korea Exchange. The exchange approved Chaevi’s KOSDAQ listing on April 27 and began trading on Tuesday. Newly listed shares are not subject to the volatility interruption mechanism, known as VI, on the first day, which can lead to larger April 29, 2026

Hyundai Steel Extends Rally to Five Sessions on Steel Price Rebound, China Output Cut Hopes Hyundai Steel extended its gains for a fifth straight session in early trading, supported by a rebound in steel prices and expectations of higher product prices. As of 10:25 a.m. on April 29, Hyundai Steel shares were trading at 45,950 won, up 1,850 won, or 4.20%, from the previous session. The stock has risen for five consecutive sessions since April 23, gaining more than 10% over that period. The advance was attributed to growing expectations for an industry upturn as China, the wo April 29, 2026