South Korea's Food and Drug Administration Uncovers 26 Companies Misleading Consumers with Diet Ads The Korea Food and Drug Administration (KFDA) has identified 26 online food advertising companies that exaggerated the weight loss effects of their products by using terms associated with the obesity treatment drug 'Wegovy.' The scale of these misleading advertisements exceeded 10 billion won (approximately $7.5 million).On July 23, the KFDA announced the results of a focused inspection of summer online diet food advertisements, revealing violations of the 'Labeling and Advertising of Food Act' July 23, 2026

Hyundai Glovis to Expand Fleet to 110 Car Carriers by Year-End Amid Rising Demand from China Hyundai Glovis plans to increase its fleet of large car carriers (PCTC) from 98 to 110 by the end of the year to meet rising maritime transport demand from China. The company is also focusing on expanding into new markets, including defense logistics.During a conference call on July 23, CEO Lee Kyu-bok stated, "Although rising oil prices and increased shipping costs have temporarily impacted profitability, we achieved solid results based on our unwavering strength. We expect profitability to rec July 23, 2026

Starbucks Resumes Social Contribution Activities After Controversy Companies can lose trust with a single mistake. This is especially true for brands that interact with numerous consumers daily, where social sensitivity and historical awareness are not optional but fundamental. The marketing controversy surrounding Starbucks' 'Tank Day' served as a reminder of this reality. The use of expressions and marketing that evoke painful memories from modern history disappointed many citizens and highlighted the need for companies to carefully consider historical contex July 23, 2026

Court Allows Live Broadcast of Yoon Suk Yeol's Election Law Verdict The court has permitted a live broadcast of the first-instance verdict hearing for former President Yoon Suk Yeol's alleged violation of election laws.According to legal sources on July 23, the Seoul Central District Court's Criminal Division 21, led by Judge Jo Soon-pyo, accepted requests from broadcasters to cover the verdict scheduled for July 27 at 2 PM.The court will transmit video footage captured with its own equipment to the broadcasters in real-time.Additionally, the special prosecutor' July 23, 2026

2027 College Admissions Fair Kicks Off with 150 Universities Participating Despite the sweltering heat, the enthusiasm of students and parents for college admissions was palpable. The '2027 College Admissions Fair' opened on July 23, bringing together 150 major universities to provide tailored admissions strategies for prospective students. Lee Gi-jeong, President of the Korean Council for University Education (KCU), defined college admissions as a crucial starting point for future planning and urged students to choose paths that align with their own aptitudes. The fai July 23, 2026

Binggrae Partners with Gyeongbuk Disabled Sports Association to Expand Employment for Athletes with Disabilities Binggrae is expanding employment opportunities for athletes with disabilities in partnership with the Gyeongbuk Disabled Sports Association.Binggrae announced on July 23 that it has signed a memorandum of understanding (MOU) with the Gyeongbuk Disabled Sports Association to promote the employment of athletes with disabilities.The signing ceremony took place that morning at the Gyeongbuk Disabled Sports Association, attended by officials from both organizations.As part of this agreement, Binggrae July 23, 2026

Ahn Cheol-soo Calls Election Commission a 'Election Manipulation Committee' Ahn Cheol-soo, a member of the People Power Party, criticized the recent raid on the Central Election Commission (CEC) related to allegations of vote statistical manipulation, stating that it is time to seriously consider the commission's existence.In a post on his Facebook page, Ahn remarked, "If the captured circumstances are true, it should be called the 'Election Manipulation Committee' rather than the 'Election Commission.'"He added, "If they not only damaged the public's voting rights by c July 23, 2026

Final Ruling on Choi Tae-won and Noh So-young's Divorce Case Approaches As the ruling on the property division lawsuit between Choi Tae-won, chairman of SK Group, and Noh So-young, director of the Art Center Nabi, approaches, international media are focusing on what is being dubbed the 'divorce of the century.'On July 22, the Wall Street Journal (WSJ) highlighted the couple's divorce case in an article titled, 'Billionaire's Wealth Doubles Amid AI Boom, Ex-Wife Seeks Half.' The WSJ described the situation as a 'real-life K-drama of money, love, corruption, and betra July 23, 2026

South Korea Holds Investment Briefings in London and Singapore to Promote Economic Growth The Ministry of Economy and Finance announced on July 23 that it held investment briefings for major overseas investment institutions, urging them to actively expand investments in the South Korean market. The government also plans to establish a consultative body for continuous communication with foreign investors, explaining the roadmap for the internationalization of the won and the direction of foreign exchange market reforms.According to the ministry, Moon Ji-sung, the Director of Internati July 23, 2026

President Yoon's Real Estate Deal Raises Questions About Fairness The real estate market is difficult to navigate.The government’s policies on housing are equally challenging. This is where the difficulty in understanding the real estate market begins."We considered the buyer's circumstances." "The transaction was conducted transparently in accordance with civil law agreements." This is how the Blue House explained the mortgage transaction involving President Yoon Suk Yeol and his wife’s apartment in Bundang. The Democratic Party of Korea went further, stating July 23, 2026