Court Upholds Tax on Ericsson Network Software Sales as Royalty Income A Seoul court has ruled that software for telecommunications network equipment bought from a foreign corporation and sold in South Korea is not a “product” but technical know-how, making it lawful to tax the payments as royalty income. According to the legal community on the 26th, the Seoul Administrative Court’s Administrative Division 6, led by Presiding Judge Na Jin-i, ruled against Ericsson Korea Partners in its lawsuit seeking to overturn a corporate tax assessment imposed by the he April 26, 2026

China’s Beijing Auto Show spotlights AI-powered new energy vehicles amid weak domestic demand “We’re the ‘king of the alleyways.’ Our next throne will be in humanoid robots and flying cars,” said He Xiaopeng, chairman of XPeng Motors. At the 2026 Beijing International Motor Show (Auto China 2026) on April 24 at the Capital International Exhibition Center in Beijing’s Shunyi district, crowds of more than 200 reporters packed the booth of XPeng, often called China’s Tesla, to see the world debut of its new SUV, the GX. XPeng said the GX uses four in-house AI chips and a second-gene April 26, 2026

As Up to 6 Trillion Won in Fuel-Price Relief Nears, Financial Firms Keep Marketing Quiet High fuel-price relief payments are set to be distributed soon, but marketing across South Korea’s financial sector is quieter than in past years. Banks and card issuers are posting application instructions, yet few are offering customer promotions, citing concerns that marketing costs would deepen losses under a low-fee structure.  Financial firms are using their websites and mobile apps to explain how to apply and outline the schedule ahead of the first round of applications, the industr April 26, 2026

Hyundai Unveils China-Only Ioniq V, Plans 20 New Models by 2030 Hyundai Motor is ramping up its electrification push in China with a China-focused model under its dedicated EV brand, Ioniq. The automaker said it will deepen strategic cooperation with local companies — including battery maker CATL and autonomous-driving firm Momenta — and plans an aggressive rollout of 20 new models over the next five years. Hyundai on April 24 unveiled the Ioniq V (IONIQ V) for the first time worldwide at the 2026 Beijing International Motor Sh April 26, 2026

Anthropic’s Claude Mythos preview accessed without authorization on launch day Anthropic’s newest AI cybersecurity model, released under tight controls, was accessed without authorization the same day it was made available to a select group, according to the IT industry. Industry officials said April 26 that Anthropic has opened an investigation after detecting unauthorized access to a preview of its latest model, “Claude Mythos,” through a third-party vendor environment. The access is believed to have occurred on the 7th, when Anthropic announced “Project Glassw April 26, 2026

Suspect in WHCA dinner shooting said he targeted Trump administration officials, CBS reports A suspect in the shooting at the White House Correspondents' Association dinner told investigators he intended to fire at Trump administration officials, CBS News reported. CBS News, citing multiple sources, reported that suspect Cole Allen made the statement to law enforcement shortly after his arrest on April 25 local time. Another law enforcement official said the suspect did not single out President Donald Trump, but instead targeted administration officials. The shooting occurre April 26, 2026

PPP Picks Choo Kyung-ho as Daegu Mayor Candidate; Yoo Eui-dong Sole Nominee in Pyeongtaek-eul Rep. Choo Kyung-ho has been selected as the People Power Party’s candidate for Daegu mayor in the June 3 local elections. The party’s nomination committee also decided to make former lawmaker Yoo Eui-dong its sole recommended candidate in the Pyeongtaek-eul district in Gyeonggi Province for a special election to be held alongside the local vote. Nomination committee chair Park Deok-heum announced the results at a briefing April 26 after a committee meeting, saying, “As a result of the p April 26, 2026

Reform Party floor leader vows to stop complaints driving school soccer bans in Busan Cheon Ha-ram, floor leader of the Reform Party, visited Yeonje Futsal Stadium in Busan’s Yeonje District on April 26 and said, “A city where children don’t run and play has no future. We will fix, through institutions, the reality of education being damaged by malicious complaints.” Cheon made the remarks while visiting the venue with Busan mayoral candidate Jeong Yi-han, pointing to what he said was a widespread practice of elementary schools banning soccer during lunch breaks. “When April 26, 2026

Record Q1 Results Lift Targets for Samsung Electronics and SK Hynix Samsung Electronics and SK Hynix, the top two stocks by market value in South Korea, posted record first-quarter results, prompting brokerages to lift price targets and fueling talk of “Samsung at 300,000 won” and “Hynix at 2 million won.” Their share moves diverged after earnings, but analysts largely pointed to continued momentum. According to the Korea Exchange on the 26th, Samsung Electronics shares rose 13.67% from 193,100 won on April 7, when it reported earnings, to 219,500 won on April 26, 2026

South Korea to Start High Fuel Price Relief Payments for Vulnerable Residents With inflation pressures worsening amid the fallout from a war in the Middle East, the government will begin paying “high fuel price relief” this week to ease the burden on vulnerable residents. The Ministry of the Interior and Safety said it will start accepting first-round applications at 9 a.m. on April 27 for basic livelihood recipients and other eligible groups. The first round targets those needing urgent social protection, including basic livelihood recipients, near-poverty househ April 26, 2026