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

LG Innotek Posts Record First-Quarter Revenue of 5.53 Trillion Won LG Innotek said Monday its first-quarter operating profit was provisionally tallied at 295.3 billion won, up 136% from a year earlier. Revenue rose 11.1% to 5.5348 trillion won, the company’s highest first-quarter figure on record. The company said demand for mobile camera modules remained solid despite the seasonal off-peak period, while shipments of high value-added semiconductor substrates such as FC-BGA continued to be strong. It added that mobility components, including automotive April 27, 2026

Survey: 56% of South Korean Women Prefer Family Trips, Prioritizing Time and Convenience Ahead of South Korea’s May “Family Month,” a Trip.com analysis found that more than half of South Korean women travelers are planning family trips, with many prioritizing time savings and easier logistics over simply cutting costs. Global travel platform Trip.com released its “Family Travel Insights” report on the 27th, analyzing trends among women travelers worldwide. The report said family travel was the most preferred option globally, and the preference was especially pronounced in Sou April 27, 2026

Korea Publishing Advisers Warn of AI-Driven Web Novel Competition, Seek Bigger Budget “Publishers in China, Japan and India seem to be moving to enter Korea in earnest by pushing AI-assisted web novels,” said Kwon Tae-wan, CEO of KW Books. “They translate with AI and then have professional translators review it, and they plan to export large volumes of e-books. But we can’t get into those markets.” “In the literary world, there’s a lot of discussion about how to protect authors’ creative works,” said Hong Young-wan, c April 27, 2026

KEPCO Names Kim Jae-gun as Executive Director, Power Grid Division Chief Korea Electric Power Corp. said it held an extraordinary shareholders meeting on the 27th at its headquarters in Naju, South Jeolla Province, and appointed Kim Jae-gun, former head of KEPCO’s Busan-Ulsan headquarters, as an executive director and head of its Power Grid Division, a vice president-level post. Kim graduated from Sudoteonki Technical High School and the electrical engineering department at Kyungil University, and joined KEPCO in 1986. He later served as head of the Daegu-Gyeon April 27, 2026

National Assembly Speaker Woo urges vote on constitutional amendment, warns PPP of blame if it fails National Assembly Speaker Woo Won-shik on April 27 urged lawmakers to pass a proposed constitutional amendment that is set for a vote May 7, the first such vote in 39 years, calling it an effort to “fix an outdated Constitution and move toward the future.” He also warned the People Power Party, which has adopted opposition to the amendment as its party line, that it would bear responsibility if the measure fails. Speaking to reporters at the National Assembly, Woo said provisions in the p April 27, 2026

SK hynix Tops 1.3 Million Won, Hits Record High on HBM Demand Hopes SK hynix shares climbed past the 1.3 million won mark during trading, setting another all-time high as expectations grew for stronger demand for high-bandwidth memory, or HBM, driven by expanding artificial intelligence chip demand. According to the Korea Exchange, SK hynix was trading at 1,312,000 won as of 1:01 p.m., up 90,000 won, or 7.36%, from the previous session. Its market capitalization also expanded to about 935 trillion won, increasing its influence in the local stock market. April 27, 2026

Beijing to Ban Consumer Drones in May, Forcing DJI to Pull Products From Stores Beijing will impose an unprecedented ban on consumer drones starting in May, a move expected to hit the commercial drone industry hard. Local media outlets including IT Zhijia reported that the measure will require DJI, China’s leading drone maker, to remove all drone products from its Beijing stores beginning next month. Beijing consumers will no longer be able to buy drones either in physical shops or through e-commerce platforms. After-sales service for drones already owned will also April 27, 2026

Korea FTC orders Salady to stop forcing franchisees to buy eco-friendly cutlery South Korea’s Fair Trade Commission said Monday it issued corrective and notice orders to salad chain Salady for forcing franchisees to use certain disposable items. The FTC said Salady required franchisees to buy eco-friendly spoons and forks. To enforce the requirement, the company included clauses in franchise contracts allowing it to halt supplies of ingredients and other goods, or to terminate contracts and seek damages. The FTC said the cutlery requirement was not essential to April 27, 2026

South Korea to Hold Largest-Ever Youth Jobs Fair With About 700 Companies The government and business groups will hold the largest job fair on record to address youth employment difficulties, offering a one-stop program from hiring consultations to on-site interviews and job training. About 700 companies will participate online and offline. The Korea Enterprises Federation said Sunday it will host the "2026 Korea Shared Growth Job Fair" on April 28-29 at the aT Center in Seoul’s Yangjae area with the Ministry of Employment and Labor and 15 major conglomerate gr April 27, 2026