Taihan Cable Wins Offshore Cable Contract for Sinan Solar Power Project Taihan Cable said April 28 it has won a project to supply extra-high-voltage submarine cables for a solar power development in Sinan County, South Jeolla Province. The project will transmit electricity generated at the Sinan Bigeum solar power plant and the Dogo floating solar power plant to the Anjwado substation. Taihan Cable will supply Top Solar Group, the engineering, procurement and construction contractor for the overall plants, with 154kV-class extra-high-voltage submarine cabl April 28, 2026

Naver Pay to Cover Fees for Small Merchants for Family Month Promotion Naver Pay (Npay) will cover payment fees for small online and offline merchants as part of a promotion tied to May, widely observed in South Korea as “Family Month.” Naver Pay said April 28 that it will support Npay fees incurred from May 4 to May 10 by eligible small merchants using its online and in-store payment services, as well as Naver’s reservation and ordering services. The company said the program is intended to help small business owners benefit from increased spending during April 28, 2026

Coinone Files Lawsuit, Seeks Injunction Against FIU Partial Business Suspension South Korean cryptocurrency exchange Coinone has filed an administrative lawsuit and sought a court injunction to block a partial business suspension ordered by the Financial Intelligence Unit under the Financial Services Commission, the virtual asset industry said. According to the industry on the 28th, Coinone retained law firm Lee & Ko on the afternoon of the 27th and filed a suit with the Seoul Administrative Court seeking to overturn the FIU’s three-month partial suspension. It April 28, 2026

Outside Directors With Big-Business Backgrounds Top 20% at Top 30 Groups, Study Finds The share of outside directors at South Korea’s top 30 conglomerate groups who come from the business community has topped 20% for the first time, while the share of newly appointed female outside directors hit a record high. Leaders Index, a corporate analysis firm, said April 28 it reviewed 847 outside directors at 229 companies that filed business reports among the country’s top 30 groups by assets. It found the business-community share rose the most. Outside directors with business April 28, 2026

Samsung SDI posts 1Q 2026 operating loss of 155.6 billion won, narrows deficit 64.2% Samsung SDI posted a sixth straight quarterly operating loss in the first quarter, but sharply narrowed the deficit as demand improved in key end markets. The company said in a regulatory filing on 28 that first-quarter 2026 revenue rose 12.6% from a year earlier to 3.5764 trillion won. It reported an operating loss of 155.6 billion won, narrowing the loss 64.2% year over year. Net profit totaled 56.1 billion won, returning to the black. By business, the battery division posted revenue April 28, 2026

T map Launches ‘Open Profile’ to Let Users Share Reviews and Saved Places T map Mobility has introduced an “Open Profile” feature that lets users share information with one another. The company said April 28 that the new tool in the T map app allows users to bundle their reviews and saved places into a single profile and share it with other users. Open Profile can be set up in the app’s “MY” tab. Users can add a profile photo and nickname and link external social media accounts to build a personal profile. Saved places are managed as “saved groups,” allowing April 28, 2026

Toss Bank Named Forbes’ Top Bank in South Korea for Fourth Straight Year Toss Bank said Tuesday it was named the top bank in South Korea for the fourth consecutive year in Forbes’ “The World’s Best Banks 2026” rankings. Forbes evaluated 410 major banks worldwide across seven categories: willingness to recommend, overall satisfaction (30%), trust, digital services, terms and conditions, customer service and financial advice. Toss Bank said it ranked first in six of the seven categories. Launched in October 2021, Toss Bank has focused on offering a simple, intui April 28, 2026

AI Tops Tokyo University Entrance Exam, Raising Questions for Education Artificial intelligence has reached the top of Japan’s most competitive university admissions tests, according to reports that OpenAI’s latest model outscored the highest-performing human test-takers on the University of Tokyo’s 2026 entrance exam and posted results strong enough to rank first on Kyoto University’s exam. The tests were jointly graded by a Japanese evaluation body and an admissions specialist organization. The result drew attention because the same AI fell short of the pa April 28, 2026

Labor Ministry to Add 30,000 Low-Income Youth With No Work History to Job Support Program The Ministry of Employment and Labor said on the 28th it will select and support 30,000 low-income young people with no employment experience under the “National Employment Support System, Type I (selection track).” The ministry said it will use 78.6 billion won from this year’s supplementary budget to reach young people who have been hard to cover under existing rules. Under the current program, applicants must meet income and asset requirements and also show prior work experience, which April 28, 2026

Hassabis Warns AI Is Moving Too Fast; South Korea Urged to Set the Rules The conversation between President Lee Jae-myung and Demis Hassabis at Cheong Wa Dae on April 27 was brief but pointed. When Lee asked whether universal basic income would be needed in the AI era, Hassabis agreed, saying society would have to redesign how it defines work and redistributes wealth. He also said artificial general intelligence, or AGI — systems that can match all human cognitive abilities — could come into view within the next five years. The remark was framed not as distant specul April 28, 2026