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  Toyota Korea Holds Awards for 19th Dream Car Art Contest National Qualifier Toyota Korea said Wednesday it held an awards ceremony Feb. 25 at the CONNECT TO cultural complex for the national qualifier of the 19th Toyota Dream Car Art Contest. The Toyota Dream Car Art Contest is the automaker’s global social contribution program that invites children worldwide to freely depict their “Your Dream Car.” The Korean qualifier drew a record 3,396 entries this year, Toyota Korea said. Judging was conducted in three age groups: under 8, ages 8-11, and ages 12-15. Entr February 26, 2026
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  Hanwha Aerospace Ships First Australia-Built AS9 Self-Propelled Howitzers Hanwha Aerospace has shipped AS9 self-propelled howitzers for the first time from its plant in Australia. The AS9 is an Australia-tailored variant of the K9, which holds more than 50% of the global self-propelled howitzer market. The company said on the 26th it held a shipment ceremony at H-ACE in Geelong, Australia, for three AS9 units produced locally. The first Australia-built AS10 ammunition resupply vehicle is also scheduled to leave the plant within the year. Hanwha Aerospace February 26, 2026
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  Korean Air, UK’s Skyports to Co-Develop eVTOL Integrated Operations Platform Korean Air said on the 26th it has partnered with UK advanced air mobility infrastructure firm Skyports Infrastructure to jointly develop an integrated operations platform for electric vertical takeoff and landing aircraft, or eVTOLs, for urban air mobility. The two companies signed a memorandum of understanding that afternoon at the Drone Show Korea (DSK) 2026 event at BEXCO in Busan, the airline said. Attendees at the signing included Kim Gyeong-nam, head of Korean Air’s Aircraft Techno February 26, 2026
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  Korea Golf Course Association Board Discusses Tax Relief, Labor Law Response The Korea Golf Course Association said Wednesday it held its 167th board meeting a day earlier at the Korea Golf Hall in Bundang, Seongnam, Gyeonggi Province. The meeting was convened as golf course operators face a rapidly shifting business environment, including fewer visitors, a weakening economy, the implementation of the so-called Yellow Envelope Act, and a push for a worker presumption system. The association said the board discussed the industry’s direction and steps to build a resp February 26, 2026
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  Mercedes-Benz Korea Becomes Title Sponsor of Korea Women’s Open, Purse Set at 1.5 Billion Won The Korea Golf Association said Feb. 25 that Mercedes-Benz Korea will serve as title sponsor of the major Korea Women’s Open Golf Championship. Mercedes-Benz Korea and the KGA held a signing ceremony the morning of Feb. 25 at the Shilla Hotel in Seoul’s Jung District. Mercedes-Benz Korea CEO Mathias Vaitl and KGA Vice President Jeong Chang-gi attended, the KGA said. The Korea Women’s Open is the national title event in Korean women’s golf. Launched in 1987, it marks its 40th anniversary t February 26, 2026
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  FNC Entertainment Tops 100 Billion Won in 2025 Revenue, Posts Third Straight Quarterly Profit FNC Entertainment, or FNC, said on the 27th that its 2025 consolidated revenue totaled 102.4 billion won, while operating results were around break-even, with an operating loss of 200 million won. Revenue rose 16.1 billion won from a year earlier, topping 100 billion won for the first time in eight years since 2017. Operating profit improved by 4.0 billion won from the previous year, reflecting both sales growth and stronger profitability. On a consolidated basis, fourth-quarter revenu February 26, 2026
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  Milan Korea House Sets Record Attendance During Winter Olympics The Ministry of Culture, Sports and Tourism said it and the Korean Sport & Olympic Committee operated Korea House in Milan from the 5th to the 22nd around the 2026 Milan-Cortina Winter Olympics, drawing the largest crowd in the program’s history. The ministry said Korea House, opened at Villa Necchi Campiglio in central Milan, drew 32,656 visitors over 18 days, or about 1,800 a day on average. Online reservations for about 1,700 people per day sold out throughout the period, prompting February 26, 2026
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  Park Chan-wook Named Jury President for 79th Cannes Film Festival, a First for a Korean Director Park Chan-wook will serve as jury president for the 79th Cannes Film Festival, the festival’s organizers said. The Cannes organizing committee announced on Feb. 25 (local time) that Park was appointed to lead the competition jury at the festival in May. It is the first time a Korean has been chosen to chair the jury that decides the Palme d’Or winner since Cannes was founded. In a joint statement, Cannes President Iris Knobloch and General Delegate Thierry Fremaux cited Park February 26, 2026
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  Kang Sue-jin to step down as Korea National Ballet director after 12-year tenure Kang Sue-jin, the Korea National Ballet’s seventh director and artistic director, will step down April 4, ending a 12-year term that began with her appointment in 2014. The company said Feb. 26 that after leaving the post, Kang is expected to be hired as a professor at Seoul Cyber University. In a statement released that day, Kang said the past 12 years were “another passionate and happy time” in her life. “I feel nothing but gratitude to the dancers and audiences who trusted and su February 26, 2026
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  Celltrion Says U.S. Plant Begins Operations, Aiming to Reduce Tariff Risk Celltrion said Feb. 26 it has completed all steps needed to ensure its business operations will not be disrupted regardless of how U.S. tariffs are ultimately settled. In a statement posted on its website titled “Status of U.S. operations and the company’s position on tariff risk,” Celltrion outlined the start-up of its U.S. manufacturing base and its plans to respond to tariff uncertainty. The company acquired U.S. drugmaker Eli Lilly’s plant in Branchburg, New Jersey, late last year. C February 26, 2026