Samsung Card Q1 Net Profit Falls 15.3% to 156.3 Billion Won Samsung Card said Friday its first-quarter results fell from a year earlier as credit-loss provisions and selling and administrative expenses increased.  The company reported net profit of 156.3 billion won for the January-March period, down 15.3% from a year earlier.  Revenue rose as spending and card receivables increased across all business segments, but financing costs, credit-loss expenses and selling and administrative costs also climbed. Total transaction volume in the quarter rose 9.3% from a year earlier to 47.3345 trillion won. Card transaction volume increased 9.4% to 47.1438 trillion won. By segment, credit purchases totaled 42.4597 trillion won and financial services 4.6841 trillion won. Installment and lease transaction volume was 190.7 billion won. The company said expanded partnerships with top-tier affiliates strengthened product competitiveness, lifting membership and spending per customer. The delinquency rate for payments overdue by more than one month was 0.92%, slightly improved from the end of last year and remained stable. A Samsung Card official said volatility in the operating environment is expected to persist after the second quarter, including continued swings in funding markets. The official said the company will respond proactively to rising internal and external uncertainties while working to maintain its competitive edge and continue investing in future growth areas such as platforms, data and artificial intelligence. 2026-04-24 14:39:15

Hyundai Motor Group vice chairman calls China toughest must-win market as CATL backs Ioniq V Hyundai Motor Group Vice Chairman Jang Jae-hoon met with CATL Chairman Zeng Yuqun in Beijing and reaffirmed their commitment to work together as Hyundai steps up its China strategy. Jang and Zeng met at the 2026 Beijing Auto China show, where Hyundai unveiled the China-focused electric vehicle Ioniq V. Jang made an unannounced visit to the show floor to view the Ioniq V, which Hyundai said it revealed for the first time in the world. Zeng also visited Hyundai’s booth to congratulate the company on the launch. The Ioniq V uses a battery developed in cooperation with CATL, and Hyundai expects a driving range of more than 600 kilometers on a single charge under China’s CLTC standard. “China is the most difficult market, but it is also a market where we must succeed,” Jang told reporters. “We will learn a lot and take a lot away.” He said electrification and smart technologies are already widespread in China, and Hyundai will focus on how it can differentiate itself with specific technical strengths. He added he hopes the newly launched Ioniq will receive a strong response. Zeng was also reported to have applauded the Ioniq V and expressed support for its success. Hyundai executives attending included Munoz; Park Min-woo, head of Hyundai’s Advanced Vehicle Platform (AVP) division; and Zhang Jianyong, vice president of BAIC Group, Hyundai’s joint-venture partner in China. “China is the market with the most advanced ecosystem in electric vehicles and software-defined vehicles,” Munoz said. “To secure global competitiveness, we must prove real competitiveness in China, so we will build a new future in China through a pipeline of 20 new-vehicle developments over the next five years.” After viewing the Ioniq V, Park said the design was “bold and beautiful,” adding he hopes the results for the newly launched Ioniq in China will be strong. On Momenta, the Chinese autonomous-driving company whose technology is applied to the Ioniq V, Park said he had been familiar with Chinese technologies since his time at Nvidia and had driven them. He said Hyundai will proceed without setbacks in preparing to internalize autonomous-driving technology. Hyundai said the Ioniq V incorporates a CATL battery, Momenta autonomous-driving technology and platform technology co-developed with BAIC. The company’s strategy is to deepen its integration into China’s electrification ecosystem by strengthening development partnerships with local firms. Hyundai’s goal is to build an annual sales base of 500,000 vehicles through 20 electrified new models aimed at the China market over the next five years. 2026-04-24 14:37:00

South Korea Overhauls Volunteer Service Law for Citizen-Led System After 21 Years The Ministry of the Interior and Safety said on the 24th that the National Assembly has passed a full revision of the Framework Act on Volunteer Service to foster a self-sustaining, civil society-led volunteer ecosystem. The revision aims to build a “citizen-centered volunteer ecosystem” that expands volunteers’ autonomy and creativity, building on infrastructure previously developed by the government. Under the revised law, government-run volunteer centers will be phased out. Of the nation’s 246 volunteer centers, 110 are directly operated by public officials. Those centers will have a three-year transition period to incorporate or shift to operation by a contracted nonprofit, a move the ministry said is expected to strengthen professionalism and independence. The revision also creates a legal basis for local governments to establish regional volunteer promotion committees that include private-sector experts, aiming to better reflect community needs in policy. For the first time, the law spells out a basis to train and support volunteer managers — key personnel at grassroots groups and volunteer centers who coordinate activities and connect volunteers. The government will provide administrative and financial support, and plans to detail qualifications and scope in a presidential decree. The law’s title will change from the “Framework Act on Volunteer Activities” to the “Framework Act on Volunteer Service.” It also broadens the definition of volunteer service to include providing talent and skills, not only time and effort, and it covers volunteer work conducted through online platforms. The eligible participants are expanded from “citizens” to “individuals,” including foreign residents. To strengthen infrastructure, the revision clarifies the legal basis for operating the 1365 Volunteer Portal and codifies the basis for compiling volunteer statistics, which were designated as government-approved statistics in January, enabling more data-driven policymaking. The revised law is set to take full effect one year after it is promulgated. Interior and Safety Minister Yoon Ho-jung said the revision marks a shift beyond a government-led era to one in which citizens’ voluntary participation and creativity become a key driver in solving social problems. “On the stable legal foundation 마련ed for the first time in 21 years, we will provide full support so volunteer service can take root as a valuable asset to our society,” he said.* This article has been translated by AI. 2026-04-24 14:36:09

Rep. Kim Min-jeon Proposes Law Requiring Substitute Staff for Kindergarten Absences Kim Min-jeon, a lawmaker from the ruling People Power Party, introduced a bill on the 24th to require substitute staff at kindergartens when teachers or other employees are unexpectedly unable to work, aiming to prevent disruptions and keep schools running smoothly. The proposed revision to the Early Childhood Education Act would mandate assigning a substitute teacher when a staff member cannot perform duties due to illness, infectious disease or other unforeseen reasons, creating a gap in operating the curriculum. It also calls for the education minister and provincial education superintendents to establish and implement measures to secure, manage and support the placement of substitute personnel, with the stated goal of improving the quality of early childhood education and protecting teachers’ rights to teach and to health. The proposal follows a recent case in which a first-year teacher died after going to work despite illness because a substitute could not be found, even amid a flu situation. In a survey released on the 23rd by the Korean Teachers and Education Workers Union of 6,689 teachers nationwide across kindergarten, elementary, middle, high and special schools, 64.5% of kindergarten teachers surveyed (3,547 respondents) said they had gone to work while sick with the flu. The findings fueled calls to better protect staff health and build a substitute staffing system. Current law does not explicitly provide for assigning or supporting replacement staff when employees cannot work due to illness or leave, the lawmaker’s office said, and kindergartens have faced serious disruptions. Private kindergartens, in particular, have struggled with costs and staffing shortages, leaving teachers to keep classrooms running while ill, it said. “The tragic loss of a private kindergarten teacher exposed the harsh reality of an education system without a way to replace sick teachers,” Kim said. “This revision should address structural gaps in early childhood education and create a safe personnel management system so teachers do not have to protect classrooms at the expense of their health.”* This article has been translated by AI. 2026-04-24 14:33:17

Korea watchdog issues online harm casebook, warns of data theft in used-goods job scams A growing number of cases last year involved personal information being stolen during hiring and job-seeking processes conducted through used-goods trading apps, leading to unauthorized sign-ups for specific apps, officials said. Authorities warned the stolen data could be used for follow-on crimes such as financial fraud. The Korea Communications and Media Commission and the Korea Information and Communications Promotion Association said Thursday they published the “2025 Online Harm Counseling Casebook,” summarizing 50 major cases drawn from consultations received by the Online Harm 365 Center. The casebook is based on counseling records from the center, which provides one-on-one consultations and follow-up support for online harm. The center handled 4,181 consultations last year, pushing its cumulative total past 10,000, the agencies said. The publication organizes 50 selected cases by type, chosen for frequency and significance. It covers eight areas — goods and services, telecommunications, content, rights violations, cyber financial crime, illegal and harmful content, digital sex crimes and cyber violence — and includes real-world examples along with prevention tips and response measures. Officials highlighted a noticeable rise in cases in which scammers obtained personal data through job-related exchanges on used-goods apps. They said the information can be exploited in “romance scam” schemes, in which a perpetrator approaches a victim by feigning romantic interest, then uses the data to create unauthorized accounts or to facilitate financial fraud. The commission said victims should quickly close any accounts opened without consent and take steps to block additional harm. Along with counseling narratives, the casebook includes response guidance, consultation outcomes, and related laws and court precedents. It also provides information on the center’s operations, how to request counseling, annual intake and processing figures, and user reviews. “As the online environment changes, the types of harm are becoming more diverse and more sophisticated,” commission Chairman Kim Jong-cheol said. He said he hopes the casebook will help the public prevent harm and respond quickly when incidents occur.* This article has been translated by AI. 2026-04-24 14:30:16

Whiskers and wallets: cat show at KINTEX SEOUL, April 24 (AJP) -The air at KINTEX hums with a different kind of energy this week — softer, furrier, punctuated by the occasional impatient meow. At the “2026 Nyangnyang Punch Cat Show Ilsan,” aisles fill quickly as visitors weave through rows of pastel-toned booths, peering into carriers, testing treats, and pausing for photos with cats that seem, at times, more composed than their human companions. From the entrance, the scale is unmistakable. Around 140 companies and 200 booths stretch across Hall 7, turning the exhibition floor into a marketplace of feline lifestyles — not just products, but identities. Premium feed brands tout grain-free formulas and tailored nutrition. Designers showcase sculptural cat towers that double as living room centerpieces. Even litter has evolved, marketed with the language of sustainability and wellness. At one booth, a vendor demonstrates an automated litter system, its quiet rotation drawing a small crowd. Nearby, a seminar space hosts a talk on feline nutrition, where attendees jot notes as if preparing for an exam. Elsewhere, visitors crouch low, coaxing shy cats forward with feather toys — small, intimate moments unfolding amid the commercial buzz. The crowd itself tells a story. Young couples, families with children, solo visitors — many carrying cats in transparent backpacks or cradling them gently — move through the space with a mix of curiosity and care. Conversations drift between product specs and personal anecdotes: allergies, aging pets, adoption stories. This is not casual browsing. It is, in many ways, caregiving in public. 2026-04-24 14:28:34

Robots and R&D Draw Crowds at 2026 Korea Science and Technology Expo At KINTEX in Goyang, just outside Seoul, children stopped to gather around a dog-shaped robot, while a long line formed for photos in front of a boxing robot. Under the slogan, “Imagination becomes everyday life,” robots blended into a scene that no longer felt unusual. The Ministry of Science and ICT, the National Research Foundation of Korea and the Korea Foundation for the Advancement of Science and Creativity are holding the 2026 Korea Science and Technology Expo from April 24 to 26. Organizers said the event is built around four themes linking the past, present and future, and is expanding into a nationwide traveling science festival after stops in Busan and Daejeon. About 60 institutions are taking part, including 20 government-funded research institutes. The main National R&D zone highlights ongoing research results from the institutes, with displays organized by national strategic technologies such as aviation, bio and quantum science. The Korea Institute of Materials Science, or KIMS, and Hanwha Aerospace set up a joint booth to present technology aimed at localizing production of key aircraft engine parts. “Aircraft engines still have a structure with a high dependence on imported parts,” a KIMS official said, adding that the institute is working with Hanwha Aerospace to localize core components. One technology drawing attention was material for turbine blades. KIMS said it has developed a third-generation single-crystal superalloy designed to withstand high-temperature, high-pressure conditions and has entered the commercialization stage. The material is a key factor affecting engine output and efficiency, and performance verification tests are underway. KIMS is also developing precision casting prototype production technology, aiming to complete development this year. The institute said the process improves dimensional accuracy and defect control compared with existing methods. Related work includes developing cast rotor disk materials and improving thermal barrier coating performance. Students visiting on field trips offered immediate reactions. Cho Yun-chan, 11, from Yujeong Global School in Pocheon, Gyeonggi Province, said, “AI was fascinating, and the robot boxing was especially fun.” Another student from the school, Lee Yu-jin, also 11, said trying the robot exhibits made science more interesting and easier to understand in person. Some exhibitors, however, said expectations were mixed with concern because the event combines a public festival with business-oriented programming, making it hard to gauge attendance. “Events for kids and business-focused events are mixed together,” one booth official said. “The key will be how many citizens come in.” Before the expo opened, students also took part in a discussion on science and engineering career paths. Gu Hyeok-chae, first vice minister of science and ICT, met with students and answered questions on semiconductor research careers, software skills and study plans. He was reported to have emphasized the importance of strong fundamentals as AI rapidly changes the job environment. Gu said the science festival has been expanded nationwide starting this year so more people can experience science and technology firsthand, and that after Busan and Daejeon, events will be held sequentially in places including South Jeolla Province. “Science and technology are a core foundation that will shape South Korea’s future,” he said, pledging continued investment and expanded hands-on opportunities to broaden public engagement.* This article has been translated by AI. 2026-04-24 14:27:15

Hyundai Steel Q1 Operating Profit Falls 63.7% to 15.7 Billion Won Hyundai Steel said in a regulatory filing on Thursday that its first-quarter operating profit fell 63.7% from the previous quarter to 15.7 billion won ($11.3 million), while revenue rose 4.6% to 5.7397 trillion won on higher product sales volume. The company attributed the profit drop to a weaker won and higher raw material prices. It said operating profit is expected to gradually rebound from the second quarter as fewer low-priced imported products enter the domestic market, improving supply and demand, and as price increases for key products take effect. Hyundai Steel also said increases in borrowings and its debt ratio were temporary, citing investment spending for future growth, including capital contributions to its U.S. steel mill. Despite a challenging business environment, the company said it will prioritize profitability improvement this year and focus on securing new demand. It said it aims to win new orders and move early in the power infrastructure sector at home and abroad, respond to growing demand for energy storage systems, and build a response system for all transmission-tower products, including structural steel and heavy plate, in line with a government-led domestic power-grid infrastructure buildout. The company said it is expanding orders for steel used in transmission towers. Hyundai Steel said it is mass-producing low-carbon steel sheet that cuts carbon emissions by 20% and plans to lead the low-carbon market by pursuing additional steel-grade certifications to expand global sales. A Hyundai Steel official said the company will seek to capture new demand in the power infrastructure industry, actively respond to demand for low-carbon steel through an electric-arc furnace and blast-furnace hybrid process, and improve profitability.* This article has been translated by AI. 2026-04-24 14:21:12

TV Personality Boom Welcomes Second Daughter, Agency Says Mother and Baby Healthy TV personality Boom has become the father of two daughters. His agency, TN Entertainment, said on the 24th that Boom and his wife welcomed a healthy baby girl weighing 2.74 kilograms at 9:38 a.m. "Both the mother and baby are in good health," the agency said, adding, "Please send your support to Boom and his wife as they welcome a new member of their family." Boom married his partner, who is seven years younger, in April 2022 and welcomed their first daughter in March 2024. After winning the Entertainer of the Year award at the "2025 KBS Entertainment Awards" in December, Boom shared news of the pregnancy, saying, "When I won last time, we had our first child, and now our second is growing well in the womb."* This article has been translated by AI. 2026-04-24 14:20:43

HD Hyundai Marine Solution Q1 Operating Profit Rises 12.5% to 93.4 Billion Won HD Hyundai Marine Solution, HD Hyundai’s marine-industry solutions unit, said Thursday it posted first-quarter revenue of 574.6 billion won and operating profit of 93.4 billion won. Revenue rose 18.3% from a year earlier and operating profit increased 12.5%. The company said growth in its core aftermarket parts and services business, along with higher sales from its bunkering business, drove the gains. Aftermarket revenue climbed 21.4% from a year earlier, led by sales tied to large engines and its mid-sized HiMSEN engines, the company said. It also cited new orders, including a maintenance contract for power-generation facilities for Ecuador’s state power company. Its digital solutions business also extended steady growth, with revenue up 33.3% year over year on a broader product lineup, including an integrated control system (ECS) applied to Anduril’s unmanned surface vessel, it said. Revenue in the eco-friendly solutions business fell due to a base effect from large-scale retrofit work in the year-earlier period, the company said. An HD Hyundai Marine Solution official said the company plans to further strengthen competitiveness in high value-added aftermarket businesses such as engines, and to expand its eco-friendly and digital businesses to upgrade its portfolio. The official said the opening of a logistics hub in Singapore will help improve global supply-chain efficiency and strengthen customer responsiveness.* This article has been translated by AI. 2026-04-24 14:20:02