Peugeot CEO Eyes Korea Growth as Brand Expands Into Larger Electric Concepts "I want to see more Peugeot vehicles on the roads in Korea. That's why we are doing this (Beijing) motor show," Alain Favey, CEO of the Peugeot brand, said. Favey made the remarks April 24 at a briefing with the Korea Automobile Journalists Association on the sidelines of the Beijing Motor Show (Auto China 2026), signaling that Peugeot is open to bringing its large concept cars to South Korea. Peugeot unveiled two large concept vehicles at the show, including one about 8.2 April 26, 2026

Financial Services Commission Chair Lee Eok-won Pushes QR Payment Links in India, Vietnam Lee Eok-won, chair of South Korea’s Financial Services Commission, carried out financial diplomacy in India and Vietnam from the 19th to the 25th, joining President Lee Jae-myung’s trip and promoting projects including linking QR-code payment networks, the commission said on the 26th. It was the first visit to India by an FSC chair, the commission said, as the two sides sought to upgrade financial cooperation. The FSC said Lee agreed with counterparts in both countries to pursue QR-code pa April 26, 2026

South Korea’s Top 5 Financial Groups Post Record Q1 Profit as Brokerage Units Drive Results South Korea’s five major financial holding groups — KB, Shinhan, Hana, Woori and NH NongHyup — posted more than 6 trillion won ($) in combined first-quarter net profit, with results increasingly determined by fee income and nonbank units, especially brokerages, amid a strong stock market. According to the financial industry on Saturday, the five groups reported combined first-quarter net profit of 6.1976 trillion won, up 9.8% from 5.6430 trillion won a year earlier. It was the first time t April 26, 2026

Woori Bank Takes FX Risk Seminars to Regional Importers and Exporters Amid a Middle East-driven geopolitical crisis and heightened exchange-rate volatility, Woori Bank is expanding support for regional small and midsize import-export companies to help them manage foreign-exchange risk. Woori Bank said April 26 it is running a “visiting exchange-rate seminar” program for regional small and midsize exporters and importers. The program is designed to strengthen companies’ practical ability to manage currency risk in areas where access to specialized foreign-e April 26, 2026

South Korea Diversifies Energy Imports as Hormuz Closure Risk Grows The prolonged war in the Middle East has heightened fears of a possible closure of the Strait of Hormuz, accelerating a reshaping of South Korea’s energy supply chain. Reliance on Middle Eastern crude is falling, while imports of U.S. crude and naphtha are surging as companies diversify supply sources. According to Korea International Trade Association data released Saturday, South Korea’s crude oil import bill totaled $5.95 billion last month, down 5.3% from a year earlier. Even as overa April 26, 2026

Democratic Party’s Seo Young-kyo Says She Won’t Run for Floor Leader, Will Focus on Committee Roles Seo Young-kyo, a lawmaker from the Democratic Party, said April 26 that she will not run in the party’s upcoming election for floor leader, saying she will focus on her duties as chair of a parliamentary investigation panel and as head of the National Assembly’s Legislation and Judiciary Committee. In a Facebook post, Seo noted that the party has begun formal procedures for the floor leader race, including forming an election management committee. She said she had considered running as so April 26, 2026

Seoul to Run 'Seoul Welcome Week' for Foreign Tourists May 1-8 Seoul is rolling out a broad welcome campaign for foreign visitors, aiming to provide tightly linked services from airports to major downtown areas during the spring peak travel season. The Seoul Metropolitan Government said Sunday it will run “2026 Seoul Welcome Week (Seoul Welcome Week 2026)” from May 1 to 8 with the Seoul Tourism Association. The city is targeting a Northeast Asia travel rush as Japan’s Golden Week overlaps with China’s Labor Day holiday, as demand to visit Korea ris April 26, 2026

South Korea Sweeps Neighbors Cup Golf Titles for Third Straight Year South Korea’s national golf team swept the men’s and women’s individual and team titles for a third straight year at the 23rd Neighbors Cup tri-nation friendly with Japan and Taiwan. The 2026 tournament ended April 24 at Taichung International Country Club (par 72) in Taichung, Taiwan, with South Korea taking all four trophies. South Korea also won the 21st and 22nd editions, becoming the first country in the event’s 23-tournament history to claim men’s and women’s individual and team tit April 26, 2026

LG Uplus Turns Simple Lab Customer Ideas Into Brand Video Series LG Uplus has released two brand videos built around real customer ideas submitted through its customer-participation service, Simple Lab: “Your Story Arrived at U+” and the follow-up, “A Daughter’s Unfamiliar Voice.” The company rolled out the videos sequentially on April 26 through its official YouTube channel and social media platforms, including its newsroom. Simple Lab allows customers to submit inconveniences they experience while using telecom services, as well as suggestions for April 26, 2026

KB: Seoul Apartment Price Gains Slow; Gangnam Falls for Second Month Seoul apartment prices rose at a slower pace this month, while Gangnam-gu posted a second straight monthly decline, according to a KB Kookmin Bank survey. KB Real Estate said in its April nationwide housing price report released Saturday that, as of a survey conducted April 13, Seoul apartment sale prices rose 1.00% this month, easing from a 1.43% gain in March. Outer districts led the increase. Dongdaemun-gu recorded the biggest rise at 1.99%, followed by Gangseo-gu at 1.88%, Gangbuk- April 26, 2026