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Real Estate Data Platform R.A. Evolves into Decision-Making Tool for Finance Sector The commercial real estate data platform R.A. (R.A. Analytics) from AlSquare is expanding across the financial sector, evolving from a simple information provider to a decision-making infrastructure that supports investment and risk management. AlSquare announced that R.A. has secured new clients, including Hyundai Capital, and is spreading throughout the financial sector. Currently, over 60 institutions, including major domestic financial companies such as Samsung Securities, EGIS Asset Management, and Hyundai Commercial, as well as global investment firms like GIC, DWS, and PAG, are using R.A. The total number of clients has surpassed 150. Last year, AlSquare reported annual revenue exceeding 200 billion won, with a cumulative transaction volume reaching 17 trillion won. The company has strengthened its data competitiveness by directly surveying building data from 400,000 locations, including 300,000 in South Korea and 100,000 in Southeast Asia, including Vietnam. AlSquare views the expansion in the financial sector not merely as an increase in clients but as a signal of a platform transformation. Given that financial institutions are typically conservative in adopting new solutions, the fact that R.A. is being utilized in core business processes such as investment review, asset management, and risk management is significant. The strength of R.A. lies in its field-based data. Dedicated research personnel visit buildings to collect information on rental prices, vacancies, and tenant details, continuously updating the data through cross-verification with public data and proprietary research. This approach has ensured the reliability of field data even as digital transformation accelerates. The platform provides key information such as rental prices, vacancy rates, actual transaction prices, tenant composition, lease expirations, and transaction cases in a time series format. It supports investment decisions through location analysis based on maps, regional comparisons, and market trend visualizations. In March, a corporate analysis feature was added, combining financial, corporate registration, and disclosure information for 2.5 million companies. This allows users to easily understand the distribution of companies, industry composition, revenue growth rates, employment changes, and headquarters relocation trends in specific areas, enabling a comprehensive analysis of office demand and industrial movement. Expansion of ESG data is also underway. R.A. plans to launch a service that integrates information on G-SEED and LEED certified buildings in the first half of the year. This will allow investors to access global standards for eco-friendly data, including project details, certification levels, and certification timelines by country. The company stated, As eco-friendly certification becomes a key criterion for investment decisions in global capital, we are expanding our infrastructure to support sustainability decision-making. Thus, the commercial real estate data platform is evolving beyond just providing market prices to encompass urban economics, capital flows, and ESG standards. Analysts suggest that it is transitioning from building-centric analysis to a data-driven investment environment that also considers the companies within the buildings and their future value. Park Dae-gwang, head of the R.A. planning team, stated, The growth and movement of companies are key variables directly linked to office demand. R.A. is evolving into a platform that encompasses everything from market analysis to investment decision-making by combining corporate data with real estate data. Meanwhile, AlSquare plans to sequentially introduce retail sales-based commercial area analysis services and AI-based property valuation (AVM) features in the second half of the year.* This article has been translated by AI. October 24, 2026 11 -
Korea's Startup Agency Supports 10 Companies Entering Japanese Market The Korea Small and Medium Enterprises and Startups Agency announced on October 23 that it is operating the 2026 Global Startup School Local Entry Program (G-Camp) in Japan from October 19 to 30 to support promising startups entering the Japanese market. G-Camp is a program designed to assist companies enrolled in the Global Startup School with their overseas expansion, providing support for product and service localization, market fit verification, and local network establishment. The agency has previously operated G-Camp programs primarily in Europe, Southeast Asia, and the Middle East, launching its first program in France in 2024. This year, it established a Japan Track for the first time in response to the demand from enrolled companies for entry into Japan. Participating companies have enhanced their understanding of the Japanese business environment and market characteristics through the first and second G-Camp sessions. They focused on improving their competitiveness for practical entry by developing investment attraction presentations (IR) and sales decks tailored to local investors and buyers, in collaboration with industry mentors. The third G-Camp includes ten startups from various fields, such as interactive AI avatar solutions, K-beauty brands based on bio R&D, AI-driven neuroscience sleep solutions, and AI clinical solutions for pet healthcare. These companies participated in the Japan Summit, a global open innovation event held on October 21-22, seeking collaboration opportunities with local businesses. The event featured over 100 major corporate partners, including MUFG, Aisin, Asahi Group, and Shimadzu, along with more than 70 global startups and approximately 2,500 local attendees. Domestic startups showcased their products, technologies, and services at dedicated booths and presented their innovative technologies and business models on an official pitching stage. The agency will continue to support one-on-one business meetings and buyer matching with local investors and partners during the remaining camp period. Im Ji-hyun, head of the Youth Startup School at the agency, stated, The Japan Summit provided an opportunity for promising startups preparing to enter Japan to confirm their competitiveness in the local market based on their excellent technology and business potential. We will support the participating companies in their entry into the Japanese market and the creation of tangible business results.* This article has been translated by AI. October 23, 2026 12
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South Korean Companies Struggle with Vietnam's Tax Regulations South Korean companies operating in Vietnam are facing increased management burdens due to frequent tax reforms and varying regulations from local governments. Some tax regulations allow only a 15-day preparation period before implementation, prompting calls for at least six months to a year of advance notice for companies to adapt.On October 21, during the 2026 Tax and Customs Policy Forum, domestic companies urged the Vietnamese Ministry of Finance to enhance the predictability of tax operations and expedite tax refund processes. They also suggested extending the grace period for companies to adjust to new laws and regulations.The primary concern for businesses is the uncertainty surrounding tax-related regulations. Some laws provide only a 15-day preparation period before they take effect, making it challenging for companies to adjust internal procedures and comply with new rules.Lee Mi-yeon, South Koreas ambassador to Vietnam, emphasized that South Korea is the largest foreign investor in Vietnam based on cumulative investment and a key trading partner. Investment from South Korea in Vietnam has reportedly increased by about 160% compared to the previous year. However, she noted that some South Korean companies are struggling due to unpredictable policy changes and adjustments to corporate tax incentives. She specifically pointed out that the interpretation and application of tax laws vary by region, making it difficult for companies to operate under consistent standards.Samsung Electronics Calls for Expanded Tax Benefits for High-Tech Industries; Vietnam Government Promises ImprovementsSamsung Electronics has suggested that the scope of tax support should be broadened to support companies localization efforts. The current preferential policies are concentrated in specific industries such as artificial intelligence (AI) and semiconductors, and there is a need for a more balanced approach to ensure that companies across various sectors can benefit.The cost burdens faced by the electronics and display manufacturing sectors were also highlighted. With rising international prices for AI semiconductor chips, companies are seeking expanded tax support in advanced technology sectors to enhance their competitiveness.The Vietnamese government outlined existing support systems for high-tech industries. Le Duc Huy, Deputy Director of the Tax and Fee Policy Department at the Ministry of Finance, stated that several policies are being implemented to promote innovation and digital transformation. He explained that large-scale high-tech projects meeting certain criteria could qualify for a preferential corporate tax rate of 10% for up to 25 years.There were also calls for uniform enforcement standards for tax laws. Nguyen Thi Quynh, president of the Vietnam Tax Consulting Association, explained that multinational companies are subject to various regulations simultaneously, including value-added tax, corporate tax, personal income tax, customs duties, origin regulations, and investment incentives.She pointed out that when tax authorities, customs authorities, or local governments provide differing interpretations of the same issue, it becomes difficult for companies to accurately understand their tax obligations. Therefore, it is essential to minimize regional discrepancies in tax law interpretations and establish consistent enforcement standards.Gu Bon-kyung, head of KOTRAs Southeast Asia and Oceania Regional Headquarters, stated, While we acknowledge the Vietnamese governments efforts to improve the business environment for foreign investors, tax reductions alone are not sufficient. He emphasized that a transparent and predictable business environment that safely protects companies technology and investment assets is also a crucial support measure.The Vietnamese Ministry of Finance has expressed its intention to incorporate the demands of South Korean companies into the policy improvement process. Cao Anh Tuan, Deputy Minister of Finance, acknowledged that South Korean companies have contributed to Vietnams economic and social development and fiscal revenue, and pledged to streamline administrative procedures and promptly address companies requests.Meanwhile, the Vietnamese government plans to soon revise regulations related to related-party transactions and the global minimum tax. How the consistency in tax operations and sufficient preparation periods requested by South Korean companies will be reflected in actual policies remains a key issue.* This article has been translated by AI. October 23, 2026 09
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Hyundai Supplies 11 Electric Buses to Bali, Expanding Southeast Asia Market Hyundai Motor Company is expanding its presence in the Southeast Asian eco-friendly commercial vehicle market by supplying electric buses to Bali, Indonesia.On October 22, during the launch ceremony for the Electric Bus and Charging Infrastructure Supply Project held at the Bali Independence Monument, Hyundai announced it has supplied 11 County Electric buses to the Bali provincial government.This project is part of an official development assistance (ODA) initiative promoted by Indonesias Ministry of Climate Energy and Environment. Hyundai was selected as the final contractor in a public bidding process for electric bus suppliers organized by the Global Green Growth Institute (GGGI) last October, recognized for its electric vehicle quality, after-sales service, and experience in eco-friendly ODA projects.The County Electric buses, designed in collaboration with local specialty vehicle manufacturers, are 20-seat medium-sized electric buses equipped with a 128 kWh battery, allowing them to travel over 200 kilometers on a single charge. The 150 kW motor demonstrates more than 30% higher acceleration performance in the speed range of 50 to 80 km/h compared to diesel models.Hyundai continues to expand its electric bus supply in Indonesia. Previously, in November 2024, it supplied 11 County Electric buses to Surabaya, the countrys second-largest city. The company plans to increase supplies in major cities such as Bali, Surabaya, and Jakarta, while also expanding its market in the Asia-Pacific region.The charging infrastructure necessary for operating the electric buses will be managed by Chaevi, a domestic rapid charging infrastructure company. Chaevi will supply and install electric bus-specific rapid chargers tailored to the local climate and power environment, overseeing everything from installation to commissioning and maintenance training.Following the supply of electric buses, Hyundai will monitor their operational status to support the expansion of eco-friendly vehicle adoption. A Hyundai official stated, Based on the business experience accumulated in Indonesia, we will continue to expand our electrification commercial vehicle business in key markets.According to the Indonesian Automotive Industry Association (GAIKINDO), Hyundais local sales last year reached 19,007 units, capturing a 2.4% market share. The company is targeting the local market by increasing the supply of eco-friendly commercial vehicles, including electric buses.* This article has been translated by AI. October 23, 2026 08
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Lotte Innovate Partners with Qatari Investment Group to Enter Malaysia's MLFF Market Lotte Innovate is accelerating its entry into Malaysias multi-lane free-flow toll collection (MLFF) market in partnership with the Qatari Investment Group (PCG). The company plans to combine its domestic traffic system technology with the funding and business development capabilities of its overseas partner to expand opportunities in the global transportation infrastructure market, including Malaysia.On October 21, Lotte Innovate announced that it had signed a strategic partnership agreement with PCG to collaborate on overseas MLFF projects. The two companies agreed to prioritize discussions on the introduction and utilization of relevant technologies and the pursuit of new business opportunities.Building on this partnership, Lotte Innovate plans to establish a collaborative relationship with PCG, starting from initial project assessments and technology applications to business development and commercialization. The goal is to continuously identify joint business opportunities in the global transportation infrastructure market from a long-term perspective, beyond individual project collaborations.PCG is a funding, investment, and business development group based in Doha, Qatar. It leads consortium formation and project execution in global infrastructure projects and collaborates with global technology partners in various fields, including smart cities and smart transportation.Lotte Innovate is moving quickly to enter the MLFF market in Malaysia, where a project is underway to enhance the toll collection system across 34 highways, covering a total length of 2,035 kilometers and approximately 211 toll plazas. The MLFF system allows vehicles to pay tolls without stopping at toll booths or moving to designated lanes. This requires the establishment of an integrated system capable of vehicle recognition, toll information processing, fee settlement, and operational management.Lotte Innovate anticipates that its collaboration with PCG will broaden its scope for global business cooperation, leveraging PCGs global network and funding capabilities.PCG is focusing on key regions for business development, including Southeast Asia, Latin America, Central Asia (CIS), and North Africa. The company expects to jointly explore MLFF business opportunities by considering the demand for transportation infrastructure and market conditions in each region.Lotte Innovate has experience in the domestic smart tolling business, having established 171 single-lane and 31 multi-lane systems, along with 909 vehicle image capture devices. At the recent ITS World Congress in Gangneung, the company showcased technology that collects tolls by recognizing vehicle license plates using AI, without the need for separate high-pass devices. It also demonstrated its capability to recognize license plates from vehicles in South Korea, Malaysia, and Japan, highlighting its technological prowess for entering overseas markets.A representative from Lotte Innovate stated, “Based on a close cooperation system between the two companies, we will solidify business opportunities in key overseas markets, including Malaysia, and connect these to tangible revenue growth, thereby enhancing our competitiveness in the global mobility business.”* This article has been translated by AI. October 23, 2026 08
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Korean Petrochemical Exports Decline Amid Rising Chinese Competition The Korean petrochemical industry, hit hard by oversupply from China, is undergoing restructuring. However, delays in business realignment are raising concerns about export competitiveness. As China increases its self-sufficiency in petrochemical products and expands exports of general-purpose products, the position of Korean companies is becoming increasingly precarious. The governments efforts to restructure the petrochemical sector are also stalling due to prolonged negotiations among companies.According to the China Petroleum and Chemical Industry Federation, Chinas synthetic resin exports surged by 41.5% in the first half of this year compared to the same period last year. Exports of key general-purpose products, polyethylene (PE) and polypropylene (PP), increased by 258.1% and 58.2%, respectively. This growth is driven by large-scale production facilities that are enabling China to expand its supply beyond its domestic market.Chinas reliance on imports is rapidly decreasing. Market research firm Longzhongzhun reports that Chinas PE self-sufficiency rate rose from 72% in the first half of last year to 84% in the first half of this year, a 12 percentage point increase. PE production capacity grew from 38.74 million tons to 41.44 million tons, a 7% increase, while imports dropped from 6.92 million tons to 5 million tons, a decline of about 28%.As China boosts domestic production and reduces imports while increasing exports, Korean petrochemical companies are facing a dual challenge of declining exports and intensified competition. This decline in export volume is evident. According to the Ministry of Trade, Industry and Energy, petrochemical exports last month totaled $3.95 billion, a 5.1% increase in value, but the volume plummeted by 19.1%. The average export price for petrochemicals was $1,416 per ton, up 30.0% from the previous year.The government explains that Chinas increased production and self-sufficiency are contributing to global oversupply. An official from the Ministry of Industry stated, As China expands its domestic facilities, imports will inevitably decrease. General-purpose products previously exported to China need to be redirected to other markets, but fully replacing them is challenging, and we must compete with China in other export markets such as Southeast Asia and Europe.In response, the government is pursuing restructuring to rationalize petrochemical facilities and transition to high-value-added products, but progress has been slow. Last August, the government signed a voluntary agreement with the industry to reduce domestic naphtha cracking facility (NCC) production capacity by 2.7 million to 3.7 million tons annually. However, only two projects, Daesan No. 1 and Yeosu No. 1, have received approval for business realignment so far.The planned capacity reductions for these two projects total 2.49 million tons, falling short of the governments minimum target by 210,000 tons. The remaining three projects are still in the negotiation phase among companies, and the approved capacity reductions are expected to take several years to implement.The government has indicated that the instability in naphtha supply due to the conflict in the Middle East has impacted the restructuring timeline. The shortage of raw materials has made it difficult to operate existing facilities normally, making the stable supply of petrochemical products a priority.An official from the Ministry of Industry remarked, While there has been some delay in business realignment, the issue of global oversupply remains unresolved, making restructuring essential. We are encouraging swift negotiations among companies, but it is difficult to determine a completion timeline.* This article has been translated by AI. October 22, 2026 18
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Rumors of Kidnapping Surround Popular YouTuber 'Adventure King Byeol-i' Bicycle travel YouTuber Adventure King Byeol-i (channel name SoominK), who has amassed 100,000 subscribers, has been the subject of rumors regarding his kidnapping and disappearance in Cambodia. However, these claims have been confirmed as false. The YouTuber recently conducted a live stream, informing viewers that he is currently resting in Southeast Asia.Posts expressing concern for Adventure King Byeol-is safety have proliferated on online communities such as Ruliweb and DC Inside. Users noted that he had not uploaded any videos for over a year since his last bicycle travel video, which documented his journey from Sihanoukville, Cambodia, to Phu Quoc, Vietnam, in September 2025. Some speculated about his possible disappearance or kidnapping.However, the disappearance rumors have been debunked. In mid-September, Adventure King Byeol-i hosted a live stream titled Survival Report on his YouTube channel, lasting about an hour and a half. During the broadcast, he explained that he is safe and well, currently taking a break to recharge.Adventure King Byeol-i gained significant attention for his long-form travel documentary videos and previously served as an honorary YouTuber for the Ministry of the Interior and Safety. Amid rising concerns about safety for travelers in Southeast Asia due to recent violent incidents and employment scams, some internet users misinterpreted the creators extended break as a cause for alarm.* This article has been translated by AI. October 22, 2026 15
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Incheon Airport Considers Financial Support for Domestic Flight Expansion The Incheon International Airport Corporation is reviewing financial support measures for the expansion of domestic flights. To alleviate parking congestion, the airport plans to gradually expand its parking facilities and enhance aviation safety by introducing bird strike prevention equipment and expanding AI-based control systems.On October 22, Acting President Kim Beom-ho reported to the National Assemblys Land, Infrastructure and Transport Committee, emphasizing that the airport will prioritize public convenience and aviation safety in its operations.The corporation plans to consider financial support for the expansion of domestic flights based on the success of the Incheon-Jeju route. It also aims to improve access to the airport through expanded transportation options, such as limousine buses, to facilitate travel for foreign tourists and regional passengers.Kim apologized for the inconveniences caused to the public due to parking congestion. He explained that the airport has improved its operations by prioritizing parking spaces near the terminal for passengers while assigning staff to more distant parking areas to enhance convenience during peak seasons.As part of its plan, the airport will gradually expand parking facilities while also improving parking convenience for staff. It will enhance the usability of smart passes and expand the immigration inspection area and guidance systems to reduce waiting times and inconveniences during entry and exit processes.In the area of aviation safety, the airport plans to introduce radar and advanced equipment for bird strike prevention and expand AI-based digital control systems. It aims to implement a digital airport where AI predicts congestion in passenger terminals and parking areas, and automated robots provide 24-hour services.The airport also intends to strengthen its competitiveness as a transfer hub by attracting new airlines and routes. In line with the governments goal of attracting 30 million foreign tourists, it plans to conduct joint marketing with airlines and travel agencies and improve the convenience of local transportation for arriving passengers. Additionally, it will establish advanced logistics infrastructure, including a smart cargo terminal.A maintenance cluster will be gradually established where aircraft maintenance, modification, and parts procurement can be conducted in one location. This initiative aims to attract global maintenance demand to the country and enhance the stability of aircraft operations.Overseas operations will expand from existing consulting and management contracts to equity investments and development projects. The focus of operations, previously concentrated in the Middle East and Southeast Asia, will extend to Central Asia to promote the overseas expansion of airport operational capabilities.* This article has been translated by AI. October 22, 2026 10
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One Year of Government Response to Transnational Crime: 'We Will Pursue to the End' The government will mark the one-year anniversary of its comprehensive response to transnational crime on October 23. Officials say that enhanced inter-agency cooperation has transformed the framework for addressing these crimes.On October 22, the government stated, Last year on October 23, President Lee Jae-myung directed a meeting of relevant ministers to consolidate national capabilities in response to serious social issues such as abduction, confinement, and scam crimes targeting our citizens in Cambodia.It added, To systematically address transnational crimes such as scams, drug trafficking, and cybercrime, the Special Task Force for Transnational Crime was launched on December 29 last year. Currently, ten agencies, including the Ministry of Foreign Affairs, Ministry of Justice, Financial Services Commission, National Intelligence Service, and the National Police Agency, are participating.The government emphasized, By integrating presidential diplomacy into the response to long-standing issues of fugitives abroad, we have established a unified system for tackling transnational crime.It also highlighted its commitment to dismantling the perception among criminal organizations that they can evade South Korean law by establishing bases overseas, stating that it will pursue those committing crimes against South Korean citizens abroad to the end.Among the achievements cited were the repatriation of Park Wang-yeol, known as the drug kingpin in the Philippines, and the capture and extradition of the leader of an illegal gambling site from the UAE.The government noted, The results of our comprehensive response are evident in concrete figures. From January to September this year, the number of arrests in Southeast Asia reached 834, a 2.5-fold increase from 340 during the same period last year. The repatriation of fugitives also rose from 254 to 655, a 2.6-fold increase.Additionally, it reported a significant decrease in reports of abduction and confinement related to Cambodia scams, with cases of voice phishing dropping by 50.2%.To prevent the influx of drugs from abroad, the government established secondary checkpoints at five major postal centers, resulting in the seizure of a total of 1,339 kg of drugs from January to September this year. This marks a record 104% increase compared to the same period last year when considering only seizures intended for domestic distribution.Based on these results, the government plans to intensify its efforts against transnational crime, stating, We will target overseas criminal bases, swiftly apprehend and extradite key figures and core members, trace, freeze, and recover criminal proceeds, and provide protection and support for victims. We will systematically link these efforts with international cooperation with major countries to undermine the human and material foundations of criminal organizations.A government official remarked, The past year has fundamentally changed South Koreas approach to transnational crime by consolidating capabilities that were previously scattered across different agencies. With the presidents strong commitment and the organic cooperation of relevant institutions, we will mobilize all our resources until transnational crimes threatening the lives and property of our citizens are eradicated. October 22, 2026 10
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Modoo Tour Launches 'Run Trip' for Dalat Marathon in Vietnam, Expanding Sports-Themed Travel Modoo Tour announced the launch of its Run Trip package, timed with the 2026 Dalat Green International Marathon in Vietnam.As travel demand shifts towards personalized experiences, the combination of running and travel through Run Trip is gaining attention.In line with the marathon scheduled for November 22, Modoo Tour has introduced packages divided into 5K, 10K, and 21K courses. This allows participants, from beginners to families and seasoned runners aiming for half-marathon records, to choose a course that suits their level.To alleviate participants financial burden and preparation efforts, the company will cover the full registration fee and handle the registration process. On the day before the race, participants will receive an official race kit, including a bib number, running shirt, and cap.The marathon will take place along a route that traverses both urban and natural settings, including Dalat Lam Vien Square and Xuan Huong Lake. It is a key program of the K-Vietnam Wellness Festa and Expo 2026, which runs from November 20.In addition to the marathon, Modoo Tour has included visits to major tourist attractions such as the Valley of Love, Flower Garden, and Dalat Railway Station, with meals featuring a mix of local Vietnamese and Korean cuisine.Modoo Tour continues to expand its sports-themed travel offerings based on customer interests. Recently, it successfully completed a three-day cycling tour covering 274 kilometers around Mount Fuji in collaboration with the domestic road cycling club, ROSA Cycling Club.Won Jong-soo, head of Modoo Tours Southeast Asia division, stated, This product is designed as a themed trip that combines international marathon participation with tourism and gastronomy, allowing customers with a shared interest in running to enjoy together. We will continue to expand specialized themed products tailored to customer preferences and travel purposes, providing differentiated travel experiences based on our accumulated planning expertise and local operational capabilities.* This article has been translated by AI. October 22, 2026 09
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NH Investment & Securities Lowers LS ELECTRIC Target Price Amid Rising Interest Rates NH Investment & Securities has lowered its target price for LS ELECTRIC from 325,000 won to 300,000 won, reflecting an increase in the cost of equity due to rising interest rates. However, the firm maintained its buy rating, citing the companys long-term growth potential driven by expanding North American clients among global tech giants, increased domestic data center investments, and expanded capital expenditures.Lee Min-jae, a researcher at NH Investment & Securities, noted, For the third quarter, consolidated revenue reached 1.9 trillion won, a 54% increase year-on-year, while operating profit surged 132% to 233.5 billion won, exceeding the market consensus of 194.6 billion won. He attributed this growth to improved profitability in the power infrastructure sector and increased sales of electrical equipment in North America.Regarding the profitability of the electrical equipment sector, he stated, The operating profit margin was low due to a decline in the won-dollar exchange rate and poor profitability in Europe and Southeast Asia. Although price increases were implemented in the first half of the year due to rising costs from silver price hikes, these were effectively passed on in the domestic and North American markets, but not sufficiently in Europe and Southeast Asia.He added, With additional price increases starting in October, we expect the weak profitability in the electrical equipment sector to recover in the fourth quarter.On long-term growth prospects, he mentioned, Investments in data centers by major domestic companies such as SK, GS, Samsung, and Hyundai are expected to increase, and the transition to direct current (DC) to meet rising power density is accelerating.Lee also pointed out, LS ELECTRIC has strengths in gray space rather than white space within data centers, and the launch of new products such as solid-state transformers (SST) and solid-state circuit breakers (SSCB) will proceed at a pace similar to that of global competitors. He emphasized, The gradual transition to 800V direct current is expected to lead to increased revenue per megawatt.* This article has been translated by AI. October 22, 2026 08
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Daebon Korea Reports 70% Sales Growth for Saemaul Restaurant in the U.S. Daebon Koreas Korean barbecue brand, Saemaul Restaurant, continues to expand its influence as a leading K-BBQ brand in global markets, including the United States, Thailand, and Mongolia.As of the end of September, Daebon Korea reported that the average monthly sales of Saemaul Restaurant in the U.S. have increased by approximately 70% compared to its first year of operation in 2023. In Thailand, each store is generating an average monthly revenue of about 100 million won.The Korean-style grilling culture, influenced by the Korean Wave, has become a major dining trend in the U.S., leading to a steady increase in local consumer visits.Specifically, the average monthly sales at the Carrollton location in Texas have surged by about 70% compared to its opening year in 2023. Last year, sales also grew by approximately 38%, demonstrating a strong upward trend. Recently, a visit by a popular YouTuber resulted in a video surpassing 500,000 views, further enhancing the restaurants reputation as a must-visit spot.In Southeast Asia and Central Asia, positive results are also emerging. Despite a decline in tourism and a slowdown in the dining market in Thailand, the 14 local stores are maintaining stable performance with an average monthly revenue of about 100 million won per store. Mongolia has also expanded its territory by opening two new locations in the first half of this year.Daebon Korea plans to apply its successful overseas market experiences and operational know-how to its domestic stores. The company is reviewing services and operational methods that received positive feedback abroad and is considering new locations in areas like Gangnam Station in Seoul. The aim is to introduce a new format of Saemaul Restaurant that caters to both foreign tourists and domestic consumers.A Daebon Korea representative stated, Saemaul Restaurant has established itself as a K-BBQ brand that is regularly sought after overseas, with signature dishes like charcoal-grilled beef and seven-minute kimchi stew. We will continue to enhance our global competitiveness while exploring various options for new store openings that satisfy both domestic and international consumers.* This article has been translated by AI. October 22, 2026 08
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South Korea Supports Bali's Transition to Eco-Friendly Public Transport with Electric Buses The South Korean government is supporting the introduction of the first public electric buses in Bali, Indonesia, through official development assistance (ODA). This initiative aims to reduce greenhouse gas emissions from local public transport and support the overseas expansion of domestic electric bus and charging equipment companies.The Ministry of Climate Energy and Environment announced on October 21 that it will hold a launch ceremony for the Indonesia Electric Vehicle and Charging Infrastructure Pilot Project on October 22 at the Bajra Sandhi Monument in Bali. The event will be organized in collaboration with the Global Green Growth Institute (GGGI) and the Bali provincial government.As part of this project, 11 Hyundai electric buses and six 100 kW rapid chargers from domestic company Chaebi will be introduced in Bali, where tourism and transportation demand is concentrated. The buses are expected to begin operations in November after a selection process for operators. This marks the first official introduction of public electric buses in Bali.The ministry believes that the operation of electric buses will help reduce greenhouse gas emissions and improve the local public transport environment. For domestic companies, this project provides an opportunity to operate electric buses and charging equipment under local traffic conditions, allowing them to gain performance and operational experience.During the operation, data on battery efficiency, charging types, and passenger demand will be collected. The ministry plans to use this data to enhance the competitiveness of domestic companies and to lay the groundwork for expanding the export of eco-friendly transport technologies and equipment to other regions in Indonesia and Southeast Asia.Approximately 300 attendees are expected at the event, including Yoon Soon-gu, the South Korean Ambassador to Indonesia, Bambang Brodjonegoro, the Indonesian Minister of National Development Planning, Wayan Koster, the Governor of Bali, and representatives from Hyundai and Chaebi.Kim Ji-young, the ministrys international cooperation officer, stated, The establishment of electric vehicles and charging infrastructure in Bali will broaden the potential for the overseas application of Korean-style green mobility. Through ODA projects, we will actively support developing countries in responding to climate change and achieving sustainable development while facilitating the overseas expansion of domestic eco-friendly automobile and charging equipment companies.* This article has been translated by AI. October 21, 2026 12
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KISA Supports Domestic Security Firms in Entering Japanese Market with Export Consultation Event The Korea Internet & Security Agency (KISA) announced on October 21 that it held the K-Security Business Day in Tokyo, Japan, on October 20 to support domestic cybersecurity companies in entering the Japanese market.Japan is a key export market for South Koreas cybersecurity industry. With the recent increase in cyber threats and the strengthening of supply chain security, demand for security products and services in Japan has been growing, making it a focal point for overseas expansion. The Japanese government has been enhancing its cybersecurity framework, including the enactment of the Cybersecurity Capability Enhancement Act in May of last year to strengthen public-private threat information sharing and response to cyberattacks.Since 2025, KISA has been operating K-Security Export Consultation Meetings to connect cybersecurity companies with local institutions and businesses in strategic overseas markets, including Southern Southeast Asia (Indonesia), the Middle East and Africa (Saudi Arabia), and Latin America (Costa Rica).This year, KISA held consultation meetings in Indonesia in June and Costa Rica in August, and expanded its support to Japan in response to domestic companies interest in entering the Japanese market.The Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Information Security Industry Association (KISIA) coordinated the participation of domestic cybersecurity companies in conjunction with Japan ICT Week and Security Days Fall, allowing exhibiting companies to seek additional business opportunities with local buyers and firms.On the morning of October 20, one-on-one business consultations were held between seven cybersecurity companies and local Japanese buyers. KISA facilitated these consultations by matching the identified needs of Japanese companies with the technologies and products of domestic firms, enabling discussions on potential business and technology collaborations.The seven participating cybersecurity companies were Somansa, Steelian, ICTK, S2W, Aispera, Genians, and Quadminer.In the afternoon, a business seminar was held for cybersecurity companies interested in entering the Japanese market. Local institutions, including the Japan External Trade Organization (JETRO) and the Information Processing Promotion Organization (IPA), participated to share insights on trends in the Japanese IT and cybersecurity market, information on foreign companies entering the Japanese market, and key issues related to Japans cybersecurity policies.On October 21, six cybersecurity startups will conduct a visiting export consultation meeting with local companies. The participating firms will introduce their technologies and services to local businesses and discuss collaboration opportunities. The six startups are 78 Research Lab, Malware Eradication Team, Yatab, Retrust Co., Konic Glory, and Tatum.KISA and the Ministry of Science and ICT plan to continue supporting the local demand and collaboration discussions identified during this export consultation meeting to ensure they lead to tangible outcomes such as contract signings, technology cooperation, and local partnerships.Oh Jin-young, head of KISAs AI Security Industry Division, stated, Cybersecurity is crucial for protecting a companys core information and systems, so securing trust in both products and companies is essential for entering overseas markets. Based on the cooperative network established with overseas institutions, we will actively support cybersecurity companies in building trust locally and creating new business opportunities.* This article has been translated by AI. October 21, 2026 09
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Lotte Pepero Aims for Global Expansion with $1 Billion Sales Target With Pepero Day (November 11) approaching, Lotte Wellfood is ramping up its global marketing efforts to spread the K-Day culture worldwide. The company aims to elevate Pepero into a global mega brand by promoting the unique Korean tradition of gift-giving and expressing emotions.According to industry reports, Peperos overseas sales, which stood at 29 billion won in 2020, surged to 87 billion won last year, marking nearly a threefold increase. Total sales, including domestic figures, reached a record high of 243 billion won.This year, the growth trend continues. In the first half of this year, total sales of Pepero, both domestically and internationally, amounted to approximately 91.5 billion won, a 23% increase compared to the same period in 2025. Of this, overseas sales reached 53 billion won, surpassing domestic sales of 38.5 billion won. Given that about half of Peperos annual sales occur during the November Pepero Day season, industry experts predict that overseas sales will exceed 100 billion won for the first time this year.The increase in overseas sales is attributed to Lotte Wellfoods global marketing strategy, which has been in place since 2020, coinciding with the K-pop and K-food craze. Pepero Day, which originated in the 1990s among students in the Yeongnam region, is now expanding internationally.This years global marketing campaign continues its partnership with K-pop group Stray Kids. Lotte Wellfood recently renewed its ambassador contract with Stray Kids and released a digital single titled November 11, written and composed by member Han, across global music platforms. The campaigns advertisement, featuring the message Dont hesitate on Pepero Day!, surpassed 10 million views within six days of its release.Promotional activities across various distribution channels are also ongoing to broaden consumer engagement. The company has introduced a total of 10 seasonal packages, including special designs featuring popular intellectual properties like Stray Kids and Sanrio characters, with some products including character stickers and bookmarks to target gift and collectible demand. The Pepero Double Rich Salty Vanilla, which was limited in sales during the first half of the year, is also being re-released for the Pepero Day season.Launched in 1983, Pepero is now exported to over 50 countries worldwide, including North America, Southeast Asia, and Europe. Lotte Wellfood aims to develop Pepero into a top 10 global mega brand with annual sales of 1 trillion won by 2035.The company is also accelerating the establishment of a global local production system. Lotte Wellfood has invested approximately 33 billion won to set up a dedicated production line for Pepero at its factory in Haryana, India, which began local production in July last year. The company has developed and applied its own heat-resistant chocolate technology to withstand high temperatures and humidity, providing locally tailored products and positioning itself as a global supply hub for the 1.4 billion Indian market and regions in the Middle East and Southeast Asia.A Lotte Wellfood representative stated, We aim to widely share the core values of Pepero, which are warmth and a culture of sharing, with consumers around the world. We will continue to promote our unique Korean culture through global marketing to firmly establish Pepero as a representative brand symbolizing K-culture.* This article has been translated by AI. October 20, 2026 18