AI Pick
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Utransfer US Cuts U.S.-to-Korea Remittance Processing Time to Under 6 Hours
Global financial IT company Adenasoft said its subsidiary UFintechHub has sped up remittances from the United States to South Korea on its foreign-exchange fintech platform, Utransfer US. The company said system upgrades cut average processing time to within six hours from about 12 hours. A key change was full automation so transfers can be processed automatically at night, on weekends and on holidays in Korea, rather than being constrained by bank business hours. The company also said it
April 21, 2026
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Korea Tourism Organization Names Min Byeong-seon as Tourism Industry Division Head
Korea Tourism Organization said on 21 it appointed Min Byeong-seon, former chairman of the Suwon Convention Center, as its new executive director and head of the Tourism Industry Division. Born in 1972, Min graduated from Chungju High School and earned a sociology degree from Sungkyunkwan University. He began his career in 2000 as a reporter at The Korea Times and later worked as a reporter at The Dong-A Ilbo. He also served as a media adviser in the Gyeonggi Province spokesperson’s office
April 21, 2026
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T map revamps home screen with map-first layout to boost place discovery
T map Mobility has revamped the T map home screen, placing the map front and center to strengthen place-search features. The company said on the 21st that it reorganized the home screen, including grouping more than 20 core services — along with the map — by category. Users can now open the map immediately from the home screen. By swiping down the icon-based “content area,” the map expands to fill the entire mobile screen. Previously, users had to enter individual services such as navig
April 21, 2026
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Court Fines Kim Keon Hee 3 Million Won for Skipping Testimony in 'Julli' Case
A court fined first lady Kim Keon Hee after she failed to appear as a witness in a trial tied to allegations that she once worked at an adult entertainment bar, an issue widely referred to as the “Julli” allegation. According to the legal community on the 21st, the Seoul Central District Court’s Criminal Division 34, led by Chief Judge Han Seong-jin, ordered a 3 million won fine against Kim for not appearing at a continued trial of Ahn Hae-wook, former head of the Korea Elementary School T
April 21, 2026
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Mobis Shares Slide 12% After Being Named an Unfaithful Disclosure Company
Shares of KOSDAQ-listed Mobis fell sharply in intraday trading after the company was designated an unfaithful disclosure company, a sanction tied directly to investor trust and seen as weighing on sentiment. As of 1:55 p.m. on the 21st, Mobis was trading at 4,955 won, down 685 won, or 12.15%, from the previous session. The Korea Exchange said the day before that it had designated Mobis as an unfaithful disclosure company for reversing a disclosure. The case involved the termination or ca
April 21, 2026
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Samchundang Pharm penalized for disclosure lapse, raising concerns for biotech trust
Samchundang Pharm, a KOSDAQ-listed company, has been designated an unfaithful disclosure firm. The Korea Exchange’s KOSDAQ Market Division imposed five penalty points, citing a failure to carry out fair disclosure of “forecasts or predictions regarding business performance.” Its cumulative penalty points over the past year now total five. The exchange finalized the sanction after a notice last month and a review by a disclosure committee that included outside experts. While the case ap
April 21, 2026
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Seoul Mayor Oh Se-hoon says Jang Dong-hyuk is a liability, urges broader conservative appeal
Seoul Mayor Oh Se-hoon said Tuesday that candidates heading into the election want the party to take a unified approach, arguing that it will help to embrace both conservatives and centrists. Oh made the remarks on KBS radio's "Jeongyeok Sisa," saying he could not avoid noting that party leader Jang Dong-hyuk has become a burden for candidates. Oh pointed to Jang's reported instruction to look into lawmaker Jin Jong-oh after Jin said he would support Han Dong-hoon,
April 21, 2026
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Police Seek Arrest Warrant for HYBE Chairman Bang Si-hyuk on Fraudulent Trading Allegations
Police have applied for an arrest warrant for HYBE Chairman Bang Si-hyuk over allegations that he misled investors ahead of the company’s initial public offering and induced them to sell their stakes. The Seoul Metropolitan Police Agency’s financial crimes unit said April 21 it requested the warrant on suspicion of fraudulent unfair trading. The move came about five months after police questioned Bang in mid-November. Bang is accused of telling HYBE investors in 2019 that there were no
April 21, 2026
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Gwangmyeong Launches ‘Future-Ready’ Library Policy Focused on Daily Life
Gwangmyeong, a city in Gyeonggi Province, said it will move ahead with a “future-ready library policy” aimed at linking reading, learning, creation and community engagement in residents’ daily lives. Kim Myeong-ok, head of the city’s Lifelong Learning Projects Headquarters, outlined the plan at a policy briefing at City Hall on the 21st. The policy centers on expanding public libraries beyond places to view materials, repositioning them as neighborhood-based cultural hubs
April 21, 2026
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Changwon to Host Concert, Bullfighting Tournament and Museum Exhibition Starting Late April
Changwon Special City will roll out a series of cultural events for residents starting in late April, including a community concert, a traditional folk competition and a museum exhibition. Changwon will hold the “Uichang-dong Community Harmony Concert” at 7 p.m. on April 24 in the parking lot of the Changwon City Livestock Cooperative. The concert was planned to mark the 100th anniversary of the children’s song “Hometown Spring” and to share with residents the historical significance of
April 21, 2026