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Updated: 1 hour 51 min ago

Korea Encourages Younger Digital Nomads to Live Outside Seoul

Tue, 2026-07-28 21:42

Korea's digital nomad visa stopped being a pilot on June 30. The F-1-D, also called the workation visa, now runs as a permanent program with a maximum stay of three years instead of two, and with an income requirement that changes depending on how old you are and where in the country you plan to live.

Busan's Foreign Visitor Numbers Jumped 40 Percent in 2026

Tue, 2026-07-28 21:40

Busan recorded 1,936,572 international visitors between January and May 2026, a 40 percent increase over the same five months of 2025. The national growth rate over that period was 21 percent, so the city grew at roughly double the country's pace, and it did so without counting the crowds that arrived in June for the BTS concert at Busan Asiad Main Stadium.

The city's full-year record, set in 2025, was 3,643,439 visitors. Busan passed half that total in five months.

Uber Returns to Korea's Delivery Market Through Baemin

Mon, 2026-07-27 21:10

Uber has agreed to buy Delivery Hero, the German company that controls Baemin, in a deal valued at roughly $14.8 billion. If it closes, the app most people in Korea use to order dinner will sit inside the same corporate group as Uber Taxi. The agreement was signed on July 16 and is not expected to close until the second half of 2027, subject to approval from competition regulators in several countries, so nothing changes for anyone ordering tonight.

SK Chairman Ordered to Pay Record Divorce Settlement to Ex-wife, Daughter of Former President

Sun, 2026-07-26 07:46

SK Group chairman Chey Tae-won has been ordered to pay his former wife Roh Soh-yeong the largest property division ever awarded in a Korean divorce. The Seoul High Court's Family Division 1 set the amount at 944 billion won, roughly $644 million, on July 24, plus 5 percent annual interest running from the day after the judgment becomes final.

Coupang Warehouse Fire in Incheon: Damage, Costs, & Concerns

Tue, 2026-07-21 14:04

A fire at Coupang's No. 32 logistics center in Seoknam-dong (석남동), Seo-gu, Incheon, burned for 61 hours over the weekend of July 18 before firefighters brought it under control on Monday evening. The blaze spread across two floors of one of the largest fulfillment warehouses serving same-day delivery to the capital region, forced nearby residents to evacuate over fears of a building collapse, and destroyed an unknown quantity of stored inventory.

The 빚투 Reckoning: What Is Driving Korea’s Market Downturn

Mon, 2026-07-20 14:13

South Korea's stock market has moved from a record rally into unusually large daily swings. After the KOSPI reached a record close of 9,114.55 on June 22, it fell more than 20 percent by July 8, the commonly used threshold for a bear market. At the time of publication on July 20, the KOSPI was near 6,620, approximately 27.4 percent below its June 22 close.

Happy 제헌절! : How Korea's Constitution Was Drafted, Remade, and Tested

Fri, 2026-07-17 10:40

July 17 is Constitution Day, or Jeheonjeol (제헌절), marking the 1948 promulgation of the Constitution of the Republic of Korea. The document sets out the structure of government, citizens' rights and duties, and procedures for resolving conflicts between constitutional institutions.

BOK's First Rate Hike in 3.5 years: Inflation, Exchange Rate, & Savings Impact

Thu, 2026-07-16 10:43

The Bank of Korea (BOK) broke its long standing monetary freeze by raising its benchmark repo rate by 25 basis points to 2.75%, marking its first rate hike in three and a half years.