President Lee Jae-myung vows all measures to prevent workplace deaths on Industrial Accident Workers’ Day President Lee Jae-myung said April 28 that he would use “every possible means” to ensure workplaces do not become sites of death, marking Industrial Accident Workers’ Day. In a Facebook post, Lee said he mourned “from the bottom of my heart” all workers who did not return home from their jobs. He called eliminating industrial accidents a key policy task for what he described as a “people-sovereignty government,” and said “sustainable growth based on safety” is a core principle that cannot be shaken. Lee said broad government efforts and cooperation between labor and management are beginning to show results, citing a 17.5% drop in workplace deaths in the first quarter compared with a year earlier. But he said the country still has a long way to go in the face of lives lost and the grief of families and neighbors. He pledged to tighten laws and systems so familiar tragedies are not repeated because of neglected hazards or small gaps, adding that the government would establish new standards and systems if necessary. Lee said the achievement of being the world’s 10th-largest economy cannot be a source of pride while the country carries the stigma of ranking first among OECD members in industrial accident death rates. He vowed to take responsibility so the day becomes not only one of mourning and remembrance, but also a day to reaffirm safety and talk about recovery. * This article has been translated by AI. 2026-04-28 09:33:16

Hyundai Unveils Redesigned ‘The New Grandeur’ Sedan in Major Facelift Hyundai Motor Co. on 28 unveiled the design of “The New Grandeur,” a facelifted version of its flagship sedan that the company said brings changes on the scale of a new model. First launched in 1986, the Grandeur has introduced new designs and technologies across generations and has led South Korea’s premium sedan market, Hyundai said. The newly revealed model is a facelift of the seventh-generation Grandeur, arriving about 3 years and 5 months after the current version was launched in November 2022. Hyundai said the exterior carries over the existing model’s dynamic, upscale character while refining details for more balanced proportions. The front features a longer hood, a more pronounced “shark nose” shape and a new mesh-pattern radiator grille. A slimmer, longer bezel-less seamless horizon lamp is intended to sharpen the futuristic look. A newly applied side repeater on the front fender is designed to visually connect the line running from the front to the rear. Overall length increases by 15 millimeters to 5,050 millimeters, Hyundai said, to create a dynamic yet balanced side profile. At the rear, thinner combination lamps and hidden turn-signal lamps integrated into the upper garnish are meant to reinforce a high-tech, seamless identity. Hyundai also applied a wing-type garnish to the lower bumper and expanded black trim that wraps wider across the lower body to emphasize a sportier feel. A new exterior color, “Artisanal Burgundy” in pearl and matte finishes, was inspired by traditional lacquerware, the company said. Inside, Hyundai said it retained the Grandeur’s “premium lounge” concept while expanding the sense of space. The model adopts Hyundai’s first next-generation infotainment system based on the Android Automotive operating system, called “Pleos Connect,” displayed on a 17-inch center screen. Physical buttons for key functions are placed below the screen to reduce driver distraction, the company said. Hyundai also said it added power air vents for the first time, allowing integrated control of airflow and direction through the display while concealing the outlets to enhance a premium look. Door trims use a “couch pattern” intended to improve comfort, with indirect lighting to reinforce the lounge atmosphere. Hyundai said it also applied, for the first time, a film that electrically adjusts transparency between clear and opaque states. Hyundai said it is running an “Early Pass” notification event on its official website through next month 13 to provide customers with detailed product information, the official launch schedule, and details on displays and test-drive vehicles. Among customers who sign up and later take delivery, the company said it will hold a drawing to award prizes including Bose SoundLink Home Bluetooth speakers (50 winners) and 50,000-won fuel gift certificates (100 winners). “The New Grandeur is a model newly introduced with new specifications applied across the product and details refined with precision to achieve new-car-level completeness,” a Hyundai official said. The official added that, as a flagship sedan combining “bold sculptural beauty” with a comfortable lounge feel, it will offer “a higher level of mobility experience” for customers seeking a premium vehicle.* This article has been translated by AI. 2026-04-28 09:31:54

Daewoo E&C Q1 Operating Profit Jumps 68.9% as Profitability Improves Daewoo Engineering & Construction said April 28 it posted sharply higher profit in the first quarter of 2026, citing improving margins in its building business. On a consolidated basis, revenue totaled 1.9514 trillion won, operating profit was 255.6 billion won and net profit came to 195.8 billion won. Revenue fell 6.0% from 2.0767 trillion won a year earlier. By segment, the company booked 1.2732 trillion won from building construction, 350.6 billion won from civil engineering, 284.0 billion won from plant work and 43.6 billion won from other businesses. Operating profit rose 68.9% from 151.3 billion won in the same period last year, while net profit increased to 195.8 billion won from 58.0 billion won. The company said revenue was broadly in line with market expectations, but profit measures exceeded forecasts. Daewoo E&C said profitability in the building segment improved as projects launched during a period of rising costs have gradually been completed. It added that uncertainty remains, including risks in the Middle East, but said it will continue pursuing its targets through management capabilities. New orders totaled 3.4212 trillion won, up from 2.8238 trillion won a year earlier, driven largely by domestic projects including the Busan Sajik District 4 redevelopment, Cheonan Upseong 3 A1BL and the Seoul Jangwi District 10 redevelopment. As of the end of the first quarter, the company’s total order backlog stood at 51.8902 trillion won, which it said represents about 6.4 years of work based on annual revenue. A Daewoo E&C official said the company plans to expand the share of energy infrastructure projects such as nuclear power and LNG, while broadening its portfolio through overseas urban development, data centers and urban renewal projects. The official said the company will also focus on securing large projects, including the Czech nuclear power plant, land development for the new Gadeokdo airport, the Al Faw port naval base in Iraq and an LNG facilities project in Papua New Guinea. 2026-04-28 09:27:52

KB Kookmin Bank Expands KB Hope Finance Centers Nationwide KB Kookmin Bank said on the 28th it has expanded its “KB Hope Finance Center,” which supports financially vulnerable customers seeking to get back on their feet, to major hubs nationwide. Following openings in Seoul and Incheon in February, the bank has launched additional centers in Daegu, Daejeon and Busan. To mark the expansion, an event was held on the 27th at the Seoul center on the second floor of KB Kookmin Bank’s Sangdo-dong Comprehensive Financial Center, attended by Financial Services Commission Chairman Kim Byoung-hwan, Lee Chang-kwon, head of the Future Strategy Division at KB Financial Group, and Song Yong-hoon, executive vice president of KB Kookmin Bank’s Credit Management Group, among others. The KB Hope Finance Center is positioned as a leading banking model for inclusive finance, offering debt restructuring and credit counseling services, including guidance on debt relief programs and support schemes for low-income borrowers. The bank said it has introduced an in-house “post-loan management AI agent” developed by KB Financial Group to improve efficiency. The bank also operates a “mind care counseling service” funded by KB Kookmin Bank donations in partnership with the Korea EAP Association. Through 943 affiliated counseling centers nationwide, the program provides professional psychological counseling to customers who receive debt adjustment counseling from the Credit Counseling & Recovery Service, aiming to support emotional stability and a return to daily life. The Korea EAP Association is a nonprofit incorporated association established in 2005 and described as the country’s first specialized EAP (employee assistance program) organization. A KB Kookmin Bank official said the bank hopes customers struggling with debt will receive practical help through the centers, adding that it will continue to fulfill its social responsibility through inclusive finance initiatives.* This article has been translated by AI. 2026-04-28 09:27:15

Daehan Petrochemical to Raise NCC Operating Rate to 72% From 62% Daehan Petrochemical said April 28 it will proactively raise the operating rate of its naphtha cracking center (NCC) to 72% from 62%, in line with the government’s supply-chain stabilization policy. The company said it diversified supply lines to the United States and other sources immediately after the outbreak of war, minimizing disruptions in naphtha procurement. It also used a workaround strategy, buying basic petrochemical feedstocks such as ethylene and propylene to replace short naphtha supplies and using them to produce polyethylene (PE) and polypropylene (PP). Daehan Petrochemical said it expanded supplies of battery separator materials — where it holds the world’s top market share — by more than 60% from the previous month to support the competitiveness of South Korea’s battery industry. It also said it increased supplies of ethylene used to cut shipbuilding steel at shipyards, supporting stable operations in the shipbuilding sector. A company official said Daehan Petrochemical plans to actively expand procurement of raw materials such as naphtha and lift the NCC operating rate to 72% “even amid an unprecedented crisis in raw material supply.” The official added the company will continue to fulfill its responsibilities as a key national industry so there are no disruptions to downstream industries and daily life.* This article has been translated by AI. 2026-04-28 09:25:04

U.S., Iran Keep Back-Channel Talks After Second Meeting Falls Through, CNN Says U.S.-Iran talks aimed at ending the war have stalled publicly, but the gap between the two sides may be smaller than it appears, according to an analysis. CNN reported on April 27, citing multiple sources familiar with the mediation, that the sides did not hold a second face-to-face meeting in Pakistan but have continued back-channel negotiations. The discussions are focused on a step-by-step approach. In an initial phase, the main items include returning to prewar conditions and reopening the Strait of Hormuz without transit restrictions or fees. Iran’s nuclear program — cited by the United States and Israel as a justification for the war — would be taken up in a later stage, the report said. Uncertainty over the outlook remains. The Wall Street Journal reported the same day that President Donald Trump and his national security team are skeptical of an Iranian proposal that would reopen the strait while postponing nuclear talks. From the early days of the war, Trump has said any deal must require Iran to give up its stockpile of near weapons-grade uranium and halt uranium enrichment, but Iran has not accepted those terms. Sources said mediators are pressing both sides to reach an agreement and view the next few days as a key turning point. They added that the possibility the United States could walk away and military clashes could resume cannot be ruled out.* This article has been translated by AI. 2026-04-28 09:24:25

Trump WHCA Dinner Shooting Renews Scrutiny of Secret Service Response The shooting incident at the White House Correspondents' Association dinner attended by President Donald Trump has renewed scrutiny of the U.S. Secret Service after an armed suspect moved through the hotel and reached an area near the event. Former Secret Service agents, however, said the core protective layers worked. According to CBS News and Reuters, the suspect, Cole Thomas Allen, left a 10th-floor room at the Washington Hilton on April 25 (local time). Carrying a shotgun, a handgun and three knives, he used an internal stairwell toward the event area, then charged toward a hotel security screening point with metal detectors. Allen was subdued by uniformed Secret Service officers one floor above the ballroom where Trump was. Reuters reported Allen was charged with attempted assassination of President Trump and could face life in prison if convicted. Former agents largely framed the outcome as damage prevention rather than a breakdown. Timothy LeBoeuf, who took part in WHCA dinner security during the George W. Bush and Barack Obama administrations, told CBS News that “everyone did their job,” calling it a “textbook response” in which a multilayered defense worked. He said the Secret Service uses outer, middle and inner perimeters, and the suspect did not reach the ballroom. Paul Eckloff, a former senior official in the presidential protection detail, told CBS News the incident should be seen as preventing mass casualties. “Dozens could have been shot, but everyone walked out,” he said. Former agent Mike Matranga also said the agency’s concentric security model held. He said the suspect ran at full speed toward the screening area, leaving officers only seconds to react. But he added that “you can’t completely secure an entire hotel,” and that public-venue events carry inherent risk. The venue remains a central issue. The Washington Hilton is where former President Ronald Reagan was shot in 1981. Security upgrades later included an enclosed garage allowing a presidential vehicle to enter without outside exposure. Still, the building’s scale poses limits because guests, staff, delivery workers and other visitors share the same space. LeBoeuf said that without defining where a venue begins and ends, “it becomes infinite.” A.T. Smith, a former deputy director of the Secret Service, told CBS News it is possible to fully lock down an open hotel, but that is not typically done in the United States. Instead, he said, the agency sets its protective footprint around the event area where the president is and the access routes. Some former agents said additional steps should be considered. The Independent quoted former agent Bobby McDonald as saying the system worked but could improve, calling it less a “successful outcome” than a “positive outcome.” Former agent Bill Gage said the defense model worked but that strengthening screening points and expanding protected zones could be reviewed. The Secret Service also left room for changes. The Independent quoted spokesman Anthony Guglielmi as saying the WHCA dinner protection model proved effective, but improvements are expected “at every level” for future events.* This article has been translated by AI. 2026-04-28 09:22:07

Taihan Cable Wins Offshore Cable Contract for Sinan Solar Power Project Taihan Cable said April 28 it has won a project to supply extra-high-voltage submarine cables for a solar power development in Sinan County, South Jeolla Province. The project will transmit electricity generated at the Sinan Bigeum solar power plant and the Dogo floating solar power plant to the Anjwado substation. Taihan Cable will supply Top Solar Group, the engineering, procurement and construction contractor for the overall plants, with 154kV-class extra-high-voltage submarine cables, joints and related materials, and will also carry out installation. It is the company’s first project carried out in cooperation with its submarine cable installation subsidiary, Daehan Ocean Works. Taihan Cable will manufacture the cables at its Dangjin Submarine Cable Plant 1, while Daehan Ocean Works will transport and lay them. The company said it aims to integrate the full value chain from production to transport and installation to demonstrate its total-solution capabilities and accelerate synergy with the subsidiary. Daehan Ocean Works is a specialized offshore installation firm that Taihan Cable acquired in July last year to strengthen its subsea construction competitiveness. Taihan Cable said it has been securing major projects, including Yeonggwang Nakwol, and is expanding both production and installation capacity. It is building a second submarine cable plant capable of producing 640kV high-voltage direct current (HVDC) submarine cables and is reviewing additional cable-laying vessels. “As this is our first project carried out in cooperation with a subsidiary, we will focus our capabilities to ensure its success,” a company official said. “We will continue to strengthen our position as a total-solution provider in the global submarine cable market.”* This article has been translated by AI. 2026-04-28 09:21:17

Naver Pay to Cover Fees for Small Merchants for Family Month Promotion Naver Pay (Npay) will cover payment fees for small online and offline merchants as part of a promotion tied to May, widely observed in South Korea as “Family Month.” Naver Pay said April 28 that it will support Npay fees incurred from May 4 to May 10 by eligible small merchants using its online and in-store payment services, as well as Naver’s reservation and ordering services. The company said the program is intended to help small business owners benefit from increased spending during a period when payments typically concentrate around Children’s Day and Parents’ Day through online shopping, in-store payments and transactions made via Naver reservations and orders. Merchants classified as “small sellers” under National Tax Service criteria — including Npay online and in-store payment merchants and Naver reservation and order merchants — will be included automatically, without a separate application. For online and reservation/order merchants, the company will cover fees across all payment methods. For in-store payment merchants, support applies to transactions paid with Npay Money and points. The total eligible Npay fees accrued during the support period will be paid in full in a lump sum in June. This is the seventh time Naver Pay has introduced a plan to support or lower fees for merchants. It previously covered in-store payment fees in full for small and midsize merchants during the Lunar New Year holiday period in February. A Naver Pay official said the company will continue efforts to practice “mutual growth finance” by providing services and support measures that help small business owners who use Npay grow their businesses.* This article has been translated by AI. 2026-04-28 09:18:17

Coinone Files Lawsuit, Seeks Injunction Against FIU Partial Business Suspension South Korean cryptocurrency exchange Coinone has filed an administrative lawsuit and sought a court injunction to block a partial business suspension ordered by the Financial Intelligence Unit under the Financial Services Commission, the virtual asset industry said. According to the industry on the 28th, Coinone retained law firm Lee & Ko on the afternoon of the 27th and filed a suit with the Seoul Administrative Court seeking to overturn the FIU’s three-month partial suspension. It also submitted a request to stay enforcement, the industry said. The FIU held a sanctions review meeting on the 13th and penalized Coinone for violations including a duty to block prohibited transactions and customer identification requirements. The agency ordered a three-month partial suspension from April 29 to July 28 and imposed an administrative fine of 5.2 billion won. If the court grants the stay, the suspension scheduled to begin on the 29th would be halted until a ruling on the merits. The move mirrors steps taken by Upbit and Bithumb, which have also gone to court over FIU sanctions. Separately, a court decision is also expected on the 29th on whether to grant Bithumb’s request to suspend enforcement of its partial business suspension. The court is expected to weigh, among other factors, whether Bithumb’s ongoing transaction-blocking measures sufficiently address concerns about harm to the public interest, according to industry officials.* This article has been translated by AI. 2026-04-28 09:15:15