Meeting Between Deputy Minister and CEOs of Major Telecoms Canceled Due to National Assembly Schedule Baek Kyung-hoon, Deputy Minister and Minister of Science and ICT, was set to meet with the CEOs of South Korea's three major telecom companies—SK Telecom, KT, and LG Uplus—on September 17. However, the meeting was canceled due to a National Assembly session scheduled for the same day.A Ministry of Science and ICT official stated, "We intended to discuss measures for living costs before Chuseok, but the National Assembly's schedule made the meeting difficult. We are currently coordinating a new d September 16, 2026

Public Home Shopping to Advance 30 Billion Won in Payments to Partners Before Chuseok Public Home Shopping announced on September 16 that it will advance 30 billion won in sales proceeds to its partner small and medium-sized enterprises ahead of the Chuseok holiday.This early payment initiative aims to assist partners in securing liquidity due to increased cash flow needs for wage payments and raw material purchases during the holiday season. As a result, payments will be made seven days earlier than the usual schedule to all broadcasting and mobile partners.Payments for orders d September 16, 2026

NH Nonghyup Bank Donates 35 Million Won to Gwacheon Arts Festival NH Nonghyup Bank's Gwacheon branch has made headlines by donating 35 million won to support the Gwacheon Arts Festival, aimed at enhancing local cultural arts and expanding opportunities for citizens to enjoy the arts. On the 16th, the Gwacheon branch of Nonghyup held a donation ceremony at Gwacheon City Hall, where they presented the funds to the city for the development of local cultural arts. The ceremony was attended by Gwacheon Mayor Shin Gye-yong, Nonghyup Gwacheon branch head Lee Jang-soo September 16, 2026

Im Yi-ja Criticizes Lee Hyung-il for Lack of Initiative on Future Response Fund Im Yi-ja, chair of the ruling People Power Party's policy committee, expressed concern on September 16 about Lee Hyung-il, the nominee for Economic Deputy Prime Minister and Minister of Finance, stating, "He should have opposed the government's Future Response Fund." She emphasized the need for the deputy prime minister to have conviction in his role. During her appearance on CBS Radio's 'Park Seong-tae's News Show,' Im remarked, "The Economic Deputy Prime Minister must have a strong sense of l September 16, 2026

KOSPI Rises Nearly 1% Amid Institutional Buying, Touches 6700 During Trading The KOSPI index has risen nearly 1% thanks to significant institutional buying. After opening around the 6600 mark and showing mixed movements, the index gained momentum as institutions purchased over 1 trillion won. At one point, the index increased by 1.32%, surpassing the 6700 level.As of 1:39 PM, the KOSPI was up 63.51 points (0.96%) at 6690.77 compared to the previous trading day.The index started at 6611.24, down 16.02 points (0.24%), but reversed course early in the session and expanded i September 16, 2026

SK Telecom Strengthens Startup Partnerships SK Telecom (SKT) is enhancing its partnerships with startups.On September 16, CEO Jeong Jae-hun met with eight startup leaders at the SKT Tower in Jung-gu, Seoul, to share insights for mutual growth. This meeting follows Jeong's previous engagement with startup representatives at the Mobile World Congress (MWC) in March, aimed at fostering direct communication.During the meeting, Jeong stated, "By combining the technologies and ideas of startups with SKT's artificial intelligence (AI), infrastru September 16, 2026

Celltrion to Burn 100 Billion Won in Treasury Shares Amid Slight Stock Decline Celltrion has decided to burn all of its treasury shares after completing a buyback worth approximately 100 billion won, while its stock is showing a slight decline.According to the Korea Exchange, as of 1:40 PM on the 16th, Celltrion's stock was trading at 177,200 won, down 300 won (0.17%) from the previous trading day.On the same day, Celltrion announced in a public disclosure that its board of directors had decided to cancel 544,299 shares of treasury stock. The company stated that the purpos September 16, 2026

Capro Shares Drop 18% on Final Trading Day Before Delisting 카프로 is experiencing a decline on its final trading day before delisting. According to the Korea Exchange, as of 1:37 PM on September 16, Capro's shares have fallen by 18.18% (8 won) to 36 won. The trading volume for the day is 1,490,641 shares. Capro has been undergoing special trading since September 8, with shares plummeting 94.95% to close at 185 won on the first day. The stock continued to decline, closing at 147 won on September 9, 144 won on September 10, 120 won on September 11, 71 w September 16, 2026

Naju Yongsan River Festival to Run from October 7 for Five Days This year's Naju Yongsan River Festival will take place from October 7 for five days. Naju City plans to create a multifaceted cultural festival that brings together the history, culture, ecology, agriculture, and cuisine of Naju, centered around the Yongsan River. From the opening to the closing day, the festival will feature daily performances with different themes and genres, along with an expanded range of family experiences, children's job experiences, board games, exhibitions, gourmet food September 16, 2026

Hyosung and LS Electric Challenge U.S. Tariffs on Korean Transformers The U.S. government has imposed a 0% tariff rate on HD Hyundai Electric and Iljin Electric, which were directly investigated in the anti-dumping review of large transformers from South Korea. In contrast, Hyosung Heavy Industries and LS Electric, which were not part of the investigation, face a 4.32% tariff, prompting both companies to take legal action.According to industry sources, Hyosung Heavy Industries and LS Electric recently filed lawsuits against the U.S. government in the Court of Inte September 16, 2026