South Korea to Revamp Fintech Support, Add Incentives and One-Stop Help Desk The Financial Services Commission said it will overhaul its fintech support programs, naming the sector a key growth priority as the financial industry undergoes major change. The FSC said it held an event titled “Fintech, a Place for Connection” on Tuesday, chaired by FSC Chairman Lee Eok-won. The gathering brought together fintech firms and aspiring founders, financial companies, investors and policy finance institutions to share examples of successful cooperation. “Over the past deca April 29, 2026

South Korean Won Rises Early as UAE OPEC Exit Stirs Oil Volatility The won weakened early against the U.S. dollar but soon turned lower, as traders weighed easing Middle East-related concerns and shifting oil-price expectations. In Seoul’s foreign exchange market, the won was trading at 1,473.5 per dollar as of 9:30 a.m. on the 29th. The exchange rate opened at 1,474.0, up 0.4 won from the previous session, then reversed direction shortly after trading began. Markets are watching the United Arab Emirates’ decision to withdraw from the Organization of April 29, 2026

King Charles III Highlights U.S.-U.K. Alliance in Address to Congress Britain’s King Charles III, on a state visit to the United States, used a joint meeting of Congress on April 28 (local time) to underscore the alliance and friendship between the two countries, citing shared history and democratic values. According to The New York Times and other foreign media, Charles described the relationship as a “partnership born in conflict.” He noted that Britain and the United States once had a fundamental disagreement over the principle of “no taxation without April 29, 2026

Kakao Pay Says 10-Year Transfers Totaled 447 Trillion Won, Saving 1.5 Trillion Won in Fees Kakao Pay said Tuesday that since it launched its money transfer service in April 2016, users have sent a cumulative total of about 447 trillion won over the past 10 years. The company said that is equivalent to people nationwide exchanging 120 billion won a day, or 5 billion won an hour, through Kakao Pay. Over the same period, cumulative transfer transactions topped 4.8 billion, it said. Annual transfers rose from about 2.65 million in 2016 to about 843.1 million last year, a 320-fold ju April 29, 2026

LIV Golf Postpones New Orleans Event From June to Fall Amid Funding Questions 최근 재정 위기설에 휩싸인 LIV 골프가 오는 6월 미국 루이지애나주 뉴올리언스 대회를 가을로 연기한다. LIV 골프는 29일(한국시간) AP 통신에 보낸 보도자료에서 "루이지애나주 정부와 협력해 새로운 일정으로 대회를 옮기는 결정을 내렸다"며 "이는 한여름의 극심한 더위를 피하고 글로벌 스포츠 일정(FIFA 북중미 월드컵)과 충돌하지 않기 위한 것"이라고 밝혔다. LIV 골프는 "가을에 대회를 할 수 있도록 노력하고 있다"며 "가까운 시일 내에 확정된 날짜를 공유하기를 기대한다"고 April 29, 2026

Korea Creative Content Agency Earns Top Shared-Growth Rating for Fourth Straight Year The Korea Creative Content Agency said Tuesday it received a top rating for the fourth consecutive year in the Ministry of SMEs and Startups’ 2025 evaluation of shared growth by public institutions. Among 133 institutions assessed, the agency maintained the highest grade and posted the top score among other public institutions, it said. The agency credited efforts including building an innovation ecosystem for the content industry using artificial intelligence; creating a cooperation frame April 29, 2026

Samsung Biologics Labor Dispute Nears Strike, Raising Calls for Balanced Solution Samsung Biologics’ labor dispute has moved toward a strike, with disruptions already reported in some processes and the possibility of a broader walkout being discussed. The issue should not be dismissed as a routine company dispute, but it also should not be exaggerated into a “national crisis.” The central task is to uphold the principle of autonomous bargaining at a private company while finding a balanced approach that accounts for potential spillover effects across the industry. First, April 29, 2026

U.S. intelligence weighs Iran response if Trump declares unilateral victory, sources say U.S. intelligence agencies are analyzing how Iran might respond if President Donald Trump were to declare a unilateral victory, as political pressure grows with the war dragging on, according to a Reuters report. Reuters, citing U.S. government officials, reported April 28 local time that intelligence officials are reviewing the potential fallout if Trump declares victory in the roughly two-month war with Iran. The report said the analysis, requested by senior administration officials, is April 29, 2026

South Korea’s Business Succession Bill Needs Market Fixes, Not Just Tax Breaks Small and midsize businesses in South Korea are disappearing — and not only because they are losing money. Even profitable firms with strong technology are shutting down. Owners are aging, there is no successor, and even when they try to sell to a third party, suitable buyers often do not emerge. Discussion of a proposed “special act on business succession,” raised by the Democratic Party’s Euljiro Committee, starts from that reality. The direction is right, but whether the prescription is suffi April 29, 2026

DB HiTek to Showcase Next-Gen SiC and GaN Power Chip Processes at PCIM 2026 DB HiTek said Tuesday it will take part in PCIM 2026, Europe’s largest power semiconductor exhibition, to be held June 9-11 in Nuremberg, Germany, where it plans to present its latest technology. In its second consecutive year at the show, the company will share the latest development status of silicon carbide (SiC) and gallium nitride (GaN) processes, which it described as next-generation power semiconductors. DB HiTek also plans to discuss cooperation with customers in Europe, focus April 29, 2026