Deputy Prime Minister Koo Yun-cheol Meets AMCHAM Chief to Discuss Korea’s Global Finance Hub Push Koo Yun-cheol, deputy prime minister and minister of finance and economy, met Monday with James Kim, chairman of the American Chamber of Commerce in Korea, to discuss policy directions for South Korea’s push to become a global financial hub.  The meeting at the Government Complex Seoul included Koo and the ministry’s international economic affairs chief. AMCHAM attendees included Jeffrey Jones, chairman of the Future of Korea Partnership Foundation, among others. Kim said that as Singapor April 28, 2026

South Korea, Singapore Launch Talks to Upgrade FTA, Focus on Supply Chains The Ministry of Trade, Industry and Energy said April 28 that South Korea and Singapore have launched negotiations to upgrade their free trade agreement, prompted by Trade Minister Yeo Han-ku’s visit to Singapore. The ministry said the two countries’ chief negotiators signed negotiating rules in the presence of Singapore Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and Yeo. The signing followed a March summit agreement to begin talks on improving the FTA. After t April 28, 2026

Songwon Industrial Shares Jump to 52-Week High After Q1 Preliminary Results Songwon Industrial shares surged after the company released preliminary first-quarter results, hitting a new 52-week high. As of 2:40 p.m., the stock was trading at 14,270 won, up 3,070 won (27.41%) from the previous session, according to the Korea Exchange. Shares jumped after the results were disclosed at 12:55 p.m., and rose as high as 14,560 won during the session, marking a 52-week high. On a consolidated basis, Songwon Industrial posted preliminary net profit of 18.091 billion won April 28, 2026

Seoul court cancels most of Netflix Korea’s corporate tax bill, citing lack of clear tax avoidance Netflix won a sweeping victory in a first-round court fight with South Korea’s tax authorities over corporate taxes. The Seoul Administrative Court’s Administrative Division 6, led by Presiding Judge Na Jin-i, ruled on Monday that 68.7 billion won of the roughly 76.2 billion won in corporate tax assessed against Netflix Services Korea should be canceled. The decision effectively found about 90% of the assessment legally unjustified. The dispute centered on large payments Netflix Services April 28, 2026

550,000 Apply on Day 1 for First Round of High Fuel Price Relief; 316 Billion Won Paid About 550,000 people applied on the first day of applications for the first round of the government’s “high fuel price relief payment,” with 316 billion won paid out, officials said. The Ministry of the Interior and Safety said April 28 that applications opened at 9 a.m. the previous day and totaled 552,900 as of midnight. That equals 17.1% of the 3,227,785 people eligible for the first round. By method, 198,572 applicants chose credit or debit cards. For local gift certificates, 92,739 a April 28, 2026

Major Crimes Investigation Agency Task Force to Start Work April 30; HQ Lease Considered A governmentwide team set up to prepare for the launch of the Major Crimes Investigation Agency, due to open in October, will begin full operations at the end of this month. The government said on April 28 that the preparatory team will open an office on April 30 at the Changseong-dong annex of the Government Complex Seoul in Jongno District and start work. The 64-member team will be built around the Ministry of the Interior and Safety and the prosecution service. Vice Interior Minist April 28, 2026

RDA to Expand New Apple Variety Production Sites to 59 Hectares, Target 35% Adoption by 2030 The Rural Development Administration said on the 28th it will expand production sites for new apple varieties to 59 hectares this year, up from 22 hectares last year. It also plans to raise the adoption rate of domestically developed apple varieties from about 24% to at least 35% by 2030. About 69% of South Korea’s apple cultivation is concentrated in the Yeongnam region. With climate change pushing suitable growing areas northward, the agency said there is a growing need to spread April 28, 2026

If the Strait of Hormuz Becomes the New Normal, the Global Economy Loses Its Exit May 1 is approaching, the first major test of the 60-day limit for a U.S. president to continue a war without congressional approval. The deadline is near, but the outcome remains unclear. A stalemate that is neither war nor peace, delays that are neither talks nor breakdown, and pressure that is neither blockade nor all-out conflict are squeezing the Middle East and the global economy. At the core is a deadlock. The United States is pressing Iran to halt its nuclear program first, while Iran i April 28, 2026

Nonghyup Cooperative Leaders, Farmers Urge Parliament to Drop Provisions in Farm Law Revision As the government moves to revise the Nonghyup Act, 500 cooperative heads and farmers gathered at the National Assembly on the 28th to voice concerns about stronger government oversight and proposed changes to how the federation chair is chosen. They called for scrapping provisions they said could undermine Nonghyup’s autonomy. Nonghyup said 500 heads of local agricultural and livestock cooperatives and farmers from across the country held a “joint farmers’ declaration to defend Nonghyu April 28, 2026

PPP floor leader condemns ruling party over bid to let Jeong Dong-young dismissal motion lapse Song Eon-seok, floor leader of the People Power Party, on April 28 criticized National Assembly Speaker Woo Won-shik and the Democratic Party over a recommendation to dismiss Unification Minister Jeong Dong-young that was reported to the plenary session. In a Facebook post, Song said that because April’s extraordinary session was holding its final plenary meeting that day, the motion was expected to be discarded without a vote, calling it a “procedural trick.” Citing the National Assem April 28, 2026