National Assembly Speaker, Six Parties Set May 7 Vote on Constitutional Amendment, Urge PPP to Join National Assembly Speaker Woo Won-shik and six political parties said April 28 they plan to put a constitutional amendment bill to a vote at a May 7 plenary session, alongside the June 3 local elections. The proposal includes adding the spirit of the Bu-Ma Democratic Uprising and the May 18 Democratization Movement to the Constitution’s preamble. They called on the People Power Party to stop what they described as opposition for its own sake and take part in the amendment effort. Woo and April 28, 2026

Foreign Minister Cho Hyun Meets Bhutan Prime Minister to Expand Cooperation on Climate, Economy Foreign Minister Cho Hyun met Monday afternoon with Bhutan Prime Minister Tshering Tobgay at the Foreign Ministry and discussed practical bilateral cooperation and regional developments. Cho welcomed Tobgay’s trip to South Korea, the first visit by a Bhutanese prime minister since 2010. He said he was impressed that Bhutan prioritizes citizens’ happiness and pursues environmentally friendly economic growth, and called for expanding mutually beneficial, practical cooperation between th April 28, 2026

CJ OnStyle Speeds Up Content Commerce With 'Devil Wears Prada 2' Campaign, KBO Goods CJ OnStyle is strengthening its content-commerce business by turning fandom-based intellectual property tied to film and sports into shopping experiences. Industry officials said CJ OnStyle has partnered with The Walt Disney Company Korea to run a large branding campaign inspired by the film ‘The Devil Wears Prada 2,’ which is set to open on the 29th. The campaign runs through May 14. CJ OnStyle said it is the only commerce platform in South Korea running the campaign. The slogan is “ April 28, 2026

South Korea to Launch $1 Billion On-Device AI Chip Program in May The South Korean government will begin a large-scale program in May to develop on-device artificial intelligence semiconductors, committing a total budget of 1 trillion won through 2030. The initiative aims to have major companies including Hyundai Motor and LG Electronics work with domestic fabless chip designers to build customized AI chips.  Lim Ki-taek, a project director at the Korea Institute for Advancement of Technology (KEIT), said April 28 that the “K-On-Device AI Semiconductor April 28, 2026

Korea Constitutional Court Picks GC Pharma Vaccine Fine Case as First Trial Appeal The Constitutional Court has selected a vaccine collusion fine case involving GC Pharma as the first case to proceed under the newly introduced trial appeal system. According to legal officials on the 28th, the court had received 525 trial appeal petitions through the previous day and sent only one to the full bench for review. It is the first case to move to a merits review since the system was introduced on March 12. The case sent to the full bench is a petition filed by GC Pharma Co. April 28, 2026

Why Healthy Companies Leave the Market: Suspicions of Deliberate Delisting Persist In 2017, a financially sound company with 100 billion won in net assets and 30 billion won in cash and cash equivalents was told by its external auditor that it would receive a “disclaimer of opinion.” The stock price plunged 95%, and the company was ultimately forced out of the market. The auditor said it could not obtain sufficient, appropriate audit evidence. In reality, the company refused to submit materials out of concern that wrongdoing by executives would be exposed. It was a predi April 28, 2026

Daewoo E&C Q1 Operating Profit Jumps 68.9% as Profitability Improves Daewoo Engineering & Construction said April 28 it posted sharply higher profit in the first quarter of 2026, citing improving margins in its building business. On a consolidated basis, revenue totaled 1.9514 trillion won, operating profit was 255.6 billion won and net profit came to 195.8 billion won. Revenue fell 6.0% from 2.0767 trillion won a year earlier. By segment, the company booked 1.2732 trillion won from building construction, 350.6 billion won from civil engineering, April 28, 2026

Binggrae-Lotte Wellfood Rivalry Heats Up Ahead of Peak Summer Ice Cream Season With the peak summer season approaching, South Korea’s two biggest frozen-dessert makers, Binggrae and Lotte Wellfood, are stepping up a fight for market leadership. Binggrae is betting that a merger with its subsidiary Haitai Ice Cream will deliver scale and help it reclaim the top spot, while Lotte Wellfood is countering with product upgrades and a heavier focus on overseas growth. According to the industry on the 28th, Binggrae completed the merger process with Haitai Ice Cream on April 28, 2026

Iran Convenes Emergency Security Council Meeting Amid Fears of Renewed Protests Iranian authorities have moved to prepare for a possible return of anti-government protests, amid growing assessments that unrest could flare again soon. Iran International, an opposition outlet, reported Monday (local time) that Iran’s Supreme National Security Council, or SNSC, was recently convened on an emergency basis over concerns that the mass protests that swept the country from late last year into early this year could reemerge. The report said the meeting followed a April 28, 2026

Samyang Foundation Names Hwang Il-doo and Cho Sung-bae as 35th Sudang Award Winners Sudang Foundation, the scholarship foundation of Samyang Group, said on the 28th it selected Hwang Il-doo, Seokcheon Chair Professor in the Department of Life Sciences at Pohang University of Science and Technology, and Cho Sung-bae, a professor in the Department of Computer Science at Yonsei University, as winners of the 35th Sudang Award. The Sudang Award is an academic prize established in 1973 to honor the late Kim Yeon-su, founder of Samyang Corp., and his commitment to national indu April 28, 2026