LG Chem Wins Top 10 Technology Excellence Award at Chinaplas 2026 LG Chem said April 27 it won a “Top 10 Technology Excellence Award” at Chinaplas 2026, a global plastics and rubber exhibition, for its specialty polyvinyl chloride material HRTP, a heat-resistant and recyclable thermoplastic. LG Chem was the only South Korean company among participants to receive the award. The company said the recognition reflects its push to move beyond commodity products and focus on higher-value, higher-performance materials, with results now being validated on the gl April 27, 2026

Iran floats phased ceasefire plan via mediators as Trump urges direct talks With U.S.-Iran talks on ending the war stalled, Iran has put forward both a phased framework and a separate compromise proposal through mediators in an effort to break the impasse. But sharp differences over the nuclear issue — and reported divisions inside Iran — have left the prospects for renewed negotiations uncertain. Lebanon-based pro-Hezbollah outlet Al Mayadeen reported that Iran delivered a three-step proposal to mediating countries on April 26 (local time), calling first for a g April 27, 2026

POSCO Steelion Hits Daily Limit After Stock Split, Australia Data Center Supply News POSCO Steelion shares surged to the daily limit as buying picked up after its stock split and investors reacted to expectations tied to supplies for an Australian data center project. As of 2 p.m. on the 27th, POSCO Steelion was trading at 7,030 won, up 1,620 won, or 29.94%, from the previous session, according to the Korea Exchange. The stock rose to the exchange’s price limit during the session, setting a new 52-week high. The stock has extended gains for three straight sessions since April 27, 2026

POSCO launches foundation to support families affected by industrial accidents POSCO Group said on the 27th it has launched a foundation, POSCO Hope Link, to help workers injured in industrial accidents and their families return to society more quickly. The name reflects the foundation’s goal of reconnecting people facing hardship after workplace accidents with hope for reintegration. POSCO Group plans to contribute a total of 25 billion won over the next five years to secure a stable operating base for the foundation. The foundation’s board was formed with experts April 27, 2026

Hyundai Department Store Shares Jump on Profit Improvement Expectations Hyundai Department Store shares surged more than 15% intraday Monday as buying picked up on expectations of improved earnings. According to the Korea Exchange, the stock was trading at 113,500 won as of 1:53 p.m., up 15,000 won, or 15.23%, from the previous session. It rose more than 20% at one point to an intraday high of 120,100 won. The rally was widely seen as reflecting forecasts for stronger results in the company’s core department store business. Brokerages have also maintained a April 27, 2026

SKC posts 28.7 billion won Q1 operating loss, narrows deficit 73% from a year earlier SKC remained in the red in the first quarter of 2026, but improved results across its battery, semiconductor and chemical materials businesses helped it return to positive EBITDA, a measure of cash-generating ability. In a regulatory filing on Sunday, SKC said it posted consolidated revenue of 496.6 billion won and an operating loss of 28.7 billion won for the quarter. The operating loss narrowed 73.3% from the previous quarter’s 107.6 billion won. EBITDA came to 10.0 billion won, marking April 27, 2026

Minister Song Mi-ryeong to launch agriculture energy transition task force; NH reform plan due in June Song Mi-ryeong, South Korea’s minister of agriculture, food and rural affairs, said April 27 that the government will form an agriculture and rural energy transition task force this week and run it for about three months, citing the growing need for energy transition amid the war in the Middle East. Speaking at a regular briefing at the government complex in Sejong, Song said that if energy issues are neglected or addressed only through the existing fossil-fuel system while the Middle East April 27, 2026

KOSME, KT&G Sign Deal to Support Youth Startups and Boost Local Economies The Korea SMEs and Startups Agency and KT&G signed a business agreement on April 24 at KT&G Sangsang Planet in Seoul's Seongdong district to expand social contributions and promote shared growth with local communities. KOSME said on April 27 the two organizations agreed to cooperate in several areas, including promoting local spending and revitalizing regional economies, carrying out community-focused social contribution programs, fostering youth-led startups, and strengtheni April 27, 2026

Korea Western Power Expands Campaign to Cut Evening Peak Electricity Use Korea Western Power Co. has launched an energy-saving campaign aimed at reducing electricity use during the evening hours when demand peaks, citing the need to respond to an energy security crisis linked to the Middle East. The company said on the 27th that it will continue the campaign for employees and local residents and operate a companywide task force dedicated to cutting energy use until the resource security crisis ends. The campaign is part of the Ministry of Climate, Energy and April 27, 2026

Seoul Han River Rebuild Bids Heat Up as Builders Offer 150% LTV, Zero Member Payments South Korea’s urban redevelopment contracts this year are expected to total about 80 trillion won. As major projects along Seoul’s Han River — including Apgujeong, Yeouido, Mok-dong and Seongsu — move into full swing, construction firms are escalating bids with aggressive financing packages and high-end designs. According to the redevelopment industry on the 26th, Hyundai Engineering & Construction and DL E&C are locked in a fierce contest for the reconstruction of Apgujeong Distr April 27, 2026