Korea Sports Council to Run Official Website for 2026 Milan-Cortina Winter Olympics The Korea Sports Council said Monday it will operate an official website during the 2026 Milan-Cortina d’Ampezzo Winter Olympics to provide information on South Korea’s athletes and the competition. The special site will feature official athlete profiles, event schedules, real-time results and past Olympic records. Schedules and results will be delivered quickly and accurately through an information link with the International Olympic Committee. Athlete interviews, on-site Team Korea upda February 9, 2026

Hyundai Motor Group Falls to No. 4 Outside China as BYD Overtakes in EV Sales Hyundai Motor Group was overtaken by China’s BYD in electric vehicle sales last year in the global market excluding China. According to market research firm SNE Research on Sunday, BYD sold 627,000 EVs outside China last year, up 141.8% from a year earlier. That put BYD in third place by automaker, ahead of Hyundai Motor Group’s 609,000. Volkswagen ranked No. 1, delivering 1.266 million vehicles, up 60.0%. Tesla was No. 2 with 1.01 million, down 10.7%. It was the first time Hyundai February 9, 2026

Stellantis Korea to Offer Voluntary Buyouts for First Time in Three Years Stellantis Korea will offer voluntary buyouts for the first time in three years as weak domestic demand persists and its parent company’s performance worsens. According to the auto industry on Monday, Stellantis Korea has recently begun accepting applications from employees. The program covers about 70 workers in the national sales division, which handles sales and marketing for brands including Peugeot and Jeep. There are no age or tenure limits. The company said the process is based ent February 9, 2026

South Korea Auto Industry Urges Fast Passage of U.S. Investment Special Act Amid Export Uncertainty The South Korean auto industry urged lawmakers to quickly pass the proposed “Special Act on Strategic Investment Management Between South Korea and the United States.” The Korea Automobile & Mobility Association (KAIA) said in a statement Monday that the industry is increasingly uneasy after reports that the U.S. government is considering raising tariffs on major items, including automobiles, from 15% back to 25%. KAIA said the move is being discussed because of delays in passing the s February 9, 2026

KAI Signs $101.4 Billion-Won FA-50PH Support Contract With Philippines Korea Aerospace Industries (KAI) said Monday it has signed a performance-based logistics (PBL) contract with the Philippine Department of National Defense for FA-50PH fighter jets. The contract is worth about 101.4 billion won and runs through 2028, the company said. KAI said it previously signed a one-year PBL pilot contract worth 27 billion won with the Philippines in December 2024, the first such deal with an export customer. It said the pilot delivered stable operations and high air February 9, 2026

Hanwha Aerospace posts record 3 trillion won operating profit in 2025 Hanwha Aerospace said in a regulatory filing on Monday that it posted 26.6078 trillion won ($26,607.8 billion) in revenue last year and 3.0345 trillion won ($3,034.5 billion) in operating profit. The figures were up 137% and 75%, respectively, from a year earlier, marking a third straight year of record results. The company attributed the gains to steady growth in its ground defense and aerospace businesses, as well as the full-year consolidation of Hanwha Ocean into its financial statemen February 9, 2026

Bukwang Pharmaceutical tops 200 billion won in annual sales for first time; operating profit up 775% Bukwang Pharmaceutical said Monday that its consolidated operating profit for last year rose 775.2% from 2024 to 14.1 billion won.  Revenue increased 25.4% to 200.7 billion won, topping 200 billion won in annual sales for the first time since the company was founded.  On a conference call, the company said stronger sales of its diabetic neuropathy treatments Dexid and Thioctacid, along with the antipsychotic drug Latuda, drove the improvement. Sales of the Dexid- and Thioctacid-centered February 9, 2026

National Museum of Korean Literature chief pushes to broaden public access to K-literature "If a museum’s main work is collecting and researching materials, a literature museum is a place that should be shared with the public," Im Heon-young, director of the National Museum of Korean Literature, said. "I want to make it a space where everyone — not only writers — can enjoy literature." Im made the remarks on Feb. 9 at a news conference in Seoul’s Jongno district marking his first month in office, repeatedly stressing the goal of making literature more access February 9, 2026

NH NongHyup Bank to Expand Venture Capital Investment in K-Food Startups NH NongHyup Bank said Monday it held a strategy meeting at its headquarters in Jung-gu, Seoul, chaired by its CEO, to boost venture capital investment in K-food. The meeting was aimed at moving beyond traditional loan-centered financing by expanding venture investment in promising agri-food startups and growth companies, strengthening what the bank called “productive finance.” The bank said it is developing strategic investment plans focused on key agricultural industries drawing global February 9, 2026

HD Korea Shipbuilding & Offshore posts 2025 operating profit of 3.9045 trillion won, up 172.3% HD Korea Shipbuilding & Offshore, the intermediate holding company for HD Hyundai’s shipbuilding business, said Monday in a regulatory filing that its 2025 consolidated revenue rose 17.2% from a year earlier to 29.9332 trillion won, while operating profit jumped 172.3% to 3.9045 trillion won. Fourth-quarter revenue increased 13.8% to 8.1516 trillion won, and operating profit rose 108% to 1.0379 trillion won from the same period a year earlier, it said. By affiliate, HD Hyundai Heavy I February 9, 2026