Iran's Foreign Minister Visits Beijing Ahead of US-China Summit Iran's Foreign Minister is set to visit Beijing once again ahead of the upcoming US-China summit. Coincidentally, this pattern has emerged where the Iranian Foreign Minister visits Beijing about a week before meetings between the US President and the Chinese President.Abbas Araghchi, Iran's Foreign Minister, is scheduled to meet with Wang Yi, a member of the Political Bureau of the Chinese Communist Party and Foreign Minister, on the 16th, as announced by the Chinese Foreign Ministry. While the September 16, 2026

GS Ventures Invests in AI Data Centers, Embracing Startup Innovations GS is building a technology ecosystem to develop artificial intelligence (AI) data centers as a future growth engine for the group. The company plans to integrate new technologies from startups in memory, cooling, and cloud sectors with its existing capabilities in power and construction, thereby expanding its business scope across the entire AI data center value chain.On September 15, GS Ventures hosted the '2026 GS Ventures Tech Day' at GS Tower in Gangnam, Seoul.This year's event focused on A September 16, 2026

Korea Investment Securities Recommends Increased Stake in Hyosung Heavy Industries Korea Investment Securities has recommended increasing stakes in Hyosung Heavy Industries, a transformer manufacturer, on September 16. The firm believes that concerns over the re-entry of Chinese equipment into the market have eased due to an executive order from the Trump administration, which may alleviate fears of a slowdown in high-voltage transformer demand.Jang Nam-hyun, a researcher at Korea Investment Securities, stated, "Large-scale data centers must secure stable grid power in the lon September 16, 2026

Korea Investment Securities Upgrades Hyosung Heavy Industries Amid Transformer Demand Korea Investment Securities on September 16 upgraded its rating for transformer manufacturer Hyosung Heavy Industries to 'overweight.' The firm noted that concerns about the re-entry of Chinese equipment into the market have eased due to an executive order from the Trump administration, which has alleviated fears of a slowdown in high-voltage transformer demand.Jang Nam-hyun, a researcher at Korea Investment Securities, stated, "Large-scale data centers must secure stable grid power in the long September 16, 2026

Overseas Financial Institutions Allowed to Conduct Won Transactions A new regulatory framework has been established allowing overseas financial institutions to conduct won-related operations for non-residents abroad. It will also be possible to open integrated won accounts at domestic foreign exchange banks and use the Bank of Korea's won international payment network for transactions.On September 16, the Ministry of Finance announced the revision and notification of the 'Guidelines for Foreign Financial Institutions' Foreign Exchange Operations' and 'Foreign Ex September 16, 2026

Lotte Construction Enters Mokdong Reconstruction Market with 30 Trillion Won Project “This is Lotte's declaration of entering the Mokdong business.” At a press conference held on September 14 at the 'L'Ell Mokdong Lounge' in Yangcheon-gu, Seoul, a Lotte Construction official explained the significance of the lounge's opening. Although no construction rights have been secured among the 14 complexes in the Mokdong new town, the company announced its intention to actively participate in the reconstruction market, estimated at around 30 trillion won. The lounge features landscaping September 16, 2026

Shinhan Securities Raises GS Construction Target Price Amid Expanded Contracting Areas Shinhan Investment Corp. announced on September 16 that it has raised its target price for GS Construction from 38,000 won to 47,000 won, citing an expansion in its contracting areas to include housing, data centers, and nuclear power plants. The investment opinion remains a 'buy.'Kim Sun-mi, a researcher at Shinhan Investment Corp., stated, "We have adjusted the target multiple from 9 times to 10 times for the domestic sector to reflect the expanded order momentum, and we have also removed the September 16, 2026

Trump's Pressure Intensifies Discussions on Troop Deployment to Hormuz Donald Trump, the President of the United States, has stated that countries not contributing to the security of the Hormuz Strait will be billed for their lack of support, increasing pressure on the South Korean government regarding troop deployment decisions. As defense discussions between South Korea and the U.S. are set to take place this week, President Lee Jae-myung is also expected to engage directly, raising questions about the specifics of the government's military contributions. However September 16, 2026

Gwangju City Prepares for 2027 Seasonal Labor with Focus on Rights and Safety Gwangju City is enhancing its management system for workers' rights, safety, and working conditions in response to the expansion of its seasonal labor program aimed at addressing rural labor shortages.On September 14, Gwangju City, in collaboration with the Jeonnam Agricultural Cooperative, held a workshop for officials responsible for the 2027 seasonal labor and agricultural employment program, providing practical training for the stable operation of next year's program.More than 100 participan September 16, 2026

South Korea and Kazakhstan Elevate Bilateral Relations to Comprehensive Strategic Partnership South Korean President Lee Jae-myung met with Kazakhstan President Kassym-Jomart Tokayev on September 15 to elevate the bilateral relationship to a 'future-oriented comprehensive strategic partnership.' During the expanded summit held at the Blue House, President Lee stated, "Kazakhstan is not only rich in energy and resources but also holds significant potential in advanced industries, making it an important partner for South Korea in economic security cooperation." He noted that both countries September 16, 2026