Government Strengthens Penalties Against Overcharging in Accommodation Services The government has decided to strengthen penalties against overcharging in the hanok experience industry and urban accommodation services for foreign tourists. On July 28, the government announced that it had reviewed and approved a partial amendment to the Enforcement Decree of the Tourism Promotion Act during a Cabinet meeting. This amendment is a follow-up to the 'Measures to Eradicate Overcharging' announced at the expanded National Tourism Strategy Meeting on February 25. It is set to take July 28, 2026

Photon Shares Surge on Expectations for Next-Gen Cooling Solutions Photon's shares soared as expectations grew for its entry into next-generation cooling solutions based on all-solid-state thermoelectric devices.According to the Korea Exchange, as of 11:30 a.m. on July 28, Photon was trading at 2,340 won, up 540 won (30.00%) from the previous trading day.The surge in stock price is attributed to a positive assessment of Photon's growth potential in its next-generation thermal management business by independent research firm ARIS.In a report released today, anal July 28, 2026

Chairman Joo Byeong-gi: Responding to Unfair Practices of Dominant Online Platforms Chairman Joo Byeong-gi of the Fair Trade Commission stated, "We will respond consistently to various unfair practices of domestic and foreign online platforms that hold monopolistic positions in accordance with the law and principles."In his opening remarks during a report to the National Assembly's Political Affairs Committee on the 28th, Chairman Joo emphasized, "I will actively participate in legislative discussions at the National Assembly level to establish a fair trading order between plat July 28, 2026

Law Firm Gwangjang Launches Corporate Law Research Center to Enhance Advisory Services Law Firm Gwangjang, led by Managing Partner Kim Sang-gon, announced on July 28 that it has established a 'Corporate Law Research Center' within its corporate advisory group to enhance the quality of its advisory services.The firm noted that in the rapidly changing business environment and increasingly complex legal issues, individual lawyers or practical teams face realistic limitations in conducting in-depth research alone. The launch of the Corporate Law Research Center aims to achieve both ex July 28, 2026

Conflict Erupts Over Disciplinary Action Against Lawmaker Kwon Young-jin A heated debate unfolded during the People Power Party's legislative countermeasure meeting regarding the initiation of disciplinary proceedings against lawmaker Kwon Young-jin by the party's ethics committee. This public clash occurred following the appointment of committee secretaries for the second half of the year. Jung Jeom-sik, the floor leader, expressed his displeasure, stating, "Please speak in accordance with the party constitution during the meeting."During the meeting on July 28, law July 28, 2026

Seoul Milk Launches Single-Serve Cup Bingsu Seoul Milk Cooperative announced the launch of its new product, 'Seoul Milk Milk Bingsu (250ml),' on July 28.This new offering is designed to reflect the growing trend of 'solo bingsu' as more single-person households emerge and dessert consumption evolves. Packaged in a convenient cup format, it is easy to enjoy anywhere without hassle.The Seoul Milk Milk Bingsu features a rich flavor derived from high-quality raw milk, enhanced with butter and condensed milk. Consumers can enjoy the taste of m July 28, 2026

Industry Ministry: Sufficient Naphtha Supply Expected Next Month, Additional Quantities to be Secured After September As tensions between the U.S. and Iran reignite, the South Korean government anticipates no issues with naphtha supply through next month. However, it plans to secure additional quantities after September in light of potential long-term instability in the Middle East.The Ministry of Trade, Industry and Energy held an emergency meeting on naphtha and petrochemical product supply at the Korea Chamber of Commerce and Industry on July 28. The meeting was convened to assess the domestic naphtha supply July 28, 2026

U.S. Lawmakers Propose Entry Ban for Foreign Officials Discriminating Against American Companies A bill has been introduced in the U.S. House of Representatives to restrict the entry of foreign government officials who discriminate against American companies and to allow for their deportation if they are already in the U.S.Representative Michael Baumgartner (R-Wash.) announced on July 23 that he has introduced H.R. 9834, the "No Racketeers on Our Shores Act," which amends immigration and nationality laws.The bill designates foreign government officials who economically discriminate against July 28, 2026

Food Delivery Safety: One Hour Limit in Extreme Heat If you fall asleep with leftover delivery food like chicken, pizza, or pork on the table, it’s safer not to eat it the next day. Even if the smell and taste seem normal, pathogenic bacteria may have proliferated.The Ministry of Food and Drug Safety advises ordering only what you can eat immediately. When receiving food, check that the delivery containers and packaging are not contaminated or damaged. Hot food should be kept above 60 degrees Celsius, while cold food must be stored below 5 degrees July 28, 2026

KG Eco Solution Signs Biofuel Supply Contracts with Three Major Refineries KG Eco Solution, a company specializing in eco-friendly energy, has signed supply contracts for high-quality biofuel with three major domestic refineries.The company announced on July 28 that it has secured a contract to deliver hundreds of tons of high-quality biofuel from the end of July through August with its third major domestic refinery.KG Eco Solution stated, "This achievement signifies our establishment as a key supplier in the high-quality marine biofuel market, going beyond merely expa July 28, 2026