Nomad Offshore Academy Announces Launch of Disruptive Offshore Company Course

President Lee Jae Myung has vowed to communicate more directly and actively with the public, a presidential official said Sunday. Lee made the remarks during his flight back to Seoul after his state visit to Mexico late last month, according to Seong Ghi-hong, senior presidential secretary for public relations and communication. "I will communicate more actively and directly with the public," Lee was quoted as saying by Seong. "What the president seeks is not simply 'social media politics' but dialogue that bridges the gap between the public and the president, and communication that lowers the barrier between state affairs and the people," Seong wrote on X. He added that social media is just one of many channels for communicating with the public. Lee has recently stepped up his posts on social media to express his views on political, diplomatic and real estate-related issues, prompting concerns among some over the frequency of his posts. On Saturday, Lee said in a post on X that he would continue to communicate with the public via social media despite criticism that such outreach lacks dig

The government has been working to develop a national artificial intelligence (AI) foundation model, while planning to launch a separate effort to develop frontier models. This two-track strategy is raising questions: Why is the government pushing the new project and how will it draw the line between the two programs? The Ministry of Science and ICT confirmed that the ongoing AI foundation model project will proceed with a third-stage evaluation, with two finalists expected to be selected in February. Separately, the government plans to allocate 4.7 trillion won ($3.5 billion) for a frontier AI program set to begin in March 2027. The split reflects the government's growing concern that the rapid advances in global AI have made the foundation model project's original goals harder to achieve, while abandoning the project could undermine the ecosystem and capabilities built up over the past year. Deputy Prime Minister and Science Minister Bae Kyung-hoon has repeatedly rejected speculations that the foundation model project is being scrapped. “The national AI foundation model project has b

Incheon International Airport Corp. (IIAC) said Sunday it will host the 2026 Incheon Airport Sky Festival on Nov. 7 and 8 at Inspire Arena near the airport, featuring K-pop performances and hands-on cultural activities. Marking its 21st edition, the event is billed as the world's only airport-based cultural festival. Under the theme “K-Vibe Starts at Incheon Airport,” it will offer visitors a chance to experience Korean culture through music, fashion, beauty, food and tourism. The Korea Tourism Organization, Incheon Tourism Organization and Korea Heritage Agency will offer hands-on programs showcasing Korean culture and tourism. The two-day concert will feature popular K-pop acts spanning various genres and generations. Epik High, BIBI, TNX, KickFlip and H//PE Princess will perform on Nov. 7, followed by PSY, Zion.T, Kim Na-young, Forestella, xikers, hrtz.wav and OURBIRTHDAY on Nov. 8. A 300-seat viewing area will also be set up near Inspire Arena, allowing visitors to watch live broadcasts of the concerts outside the main venue. Inspire Ballroom will host about 20 booths offering hand

Cheong Wa Dae on Sunday took the unusual step of disclosing information on President Lee Jae Myung’s private golf schedule, shortly before an opposition lawmaker held a news conference questioning his whereabouts when a ceiling collapsed at a supermarket in Daegu. The office confirmed that Lee visited Taereung Golf Club with his family Saturday, about the time reports that the ceiling of a commercial building collapsed in Daegu, injuring dozens of people. Lee was briefed on the accident at the course and called acting National Police Agency chief Kim Jong-chul to check on casualties and injuries, Cheong Wa Dae said. He then ordered authorities to focus on rescue efforts and ensure a swift, safe response. “We normally do not confirm the president’s undisclosed schedule or private holiday activities,” the presidential office said, explaining that it made an exception “to prevent unnecessary controversy.” “We regret that the president’s private, undisclosed schedule is being used for political disputes,” it added. The announcement came shortly before Rep. Joo Jin-woo of the

Two human rights groups called Sunday for the immediate release of three detained Gwangju Prize laureates in Hong Kong and Thailand. The May 18 Memorial Foundation and the Network of Laureates of the Gwangju Prize for Human Rights said the detentions of Chow Hang-tung of Hong Kong and Thai activists Arnon Nampa and Jatupat Boonpattararaksa "reflect a crisis of democracy in Asia." Jatupat, a Thai activist and the 2017 recipient of the Gwangju Prize for Human Rights, and Arnon, a Thai human rights lawyer who won the prize in 2021, are detained in Thailand. Chow, a Hong Kong human rights lawyer and the 2023 laureate, is detained in Hong Kong. "We stand in solidarity with activists striving to defend democracy and human rights in Thailand, Hong Kong and Myanmar despite violence, imprisonment and restrictions on basic rights," the groups said in a joint statement. The prize was established in 2000 to promote the spirit of the May 18 pro-democracy uprising in the southwestern Korean city of Gwangju in 1980, during which a military crackdown on demonstrators left more than 200 civilians dead an

Most Korean workers who took on additional duties while colleagues were on parental leave or working reduced hours for childcare received no extra compensation, with 7 in 10 going unpaid for the added workload. According to a survey released by workplace advocacy group Gabjil 119 on Sunday, 47.8 percent of 1,000 workers said their workloads had increased due to colleagues taking maternity or parental leave. The survey was conducted nationwide from Sept. 1 to 7. The results suggest that employers are shifting the burden of staffing shortages caused by parental leave or reduced working hours onto existing employees rather than hiring replacements or adjusting workloads. Of the 478 respondents who reported taking on additional duties, just 29.5 percent said they had received extra compensation, such as allowances, while the remaining 70.5 percent received no additional pay. Awareness of government subsidies aimed at compensating workers who take on extra duties was also limited. Only 37 percent of respondents were aware of the government’s workload-sharing subsidy for parental leave, while

As Korea prepares to regain wartime operational control (OPCON) from the United States, questions remain over how the leadership and organization of their combined military command will change. The Korea-U.S. Combined Forces Command (CFC) is expected to retain its integrated command structure, with Korean officers potentially taking more senior staff positions, military experts said. The outlook comes after Seoul and Washington disclosed that they have agreed on a provisional organizational plan for the post-transfer command. While the two countries have already agreed to put a Korean general in charge, the division of responsibilities beneath the commander has yet to be made public. Gen. Kim Seong-min, the CFC’s deputy commander, told a parliamentary audit Wednesday that the provisional arrangement would be finalized during the Full Mission Capability (FMC) assessment, the final stage of the three-phase evaluation process for OPCON transfer. He described the plan as a draft and dismissed suggestions that the combined command would be dissolved after the handover. Kim Jung-sup, directo

Starbucks Korea reclaimed its lead among coffee chains in September, five months after a marketing controversy sparked consumer backlash. According to data from market tracker IGAWorks on Sunday, the coffee chain recorded 121.08 billion won ($90.1 million) in estimated credit and debit card spending last month, up 4.3 percent from August, overtaking rival Twosome Place to reclaim the top spot. Starbucks trailed its rival for four consecutive months as its estimated card spending dropped by 13.13 billion won to 121.19 billion won from April to May, before bottoming out at 100.39 billion won in June. The coffee chain's estimated card spending then rose for three consecutive months, reaching 110.06 billion won in July, 116.12 billion won in August and climbing back above 120 billion won in September for the first time since the downturn. Twosome's estimated card spending fell 6.4 percent from August to 110.5 billion won in September, about 10.58 billion won below Starbucks. The recovery follows nationwide backlash over a Starbucks promotion that dubbed May 18, the anniversary of the 1980 Gwa

Cyberattacks are becoming a more consequential credit risk for financial firms, as the damage can extend beyond data theft to operational disruptions and higher funding costs. Korea Ratings is considering more objective ways to measure firms’ exposure to cyber threats, industry officials said Sunday. In a recent report, the ratings agency said cyber risk can weaken both a financial institution’s business prospects and its financial health. International rating agencies have already downgraded companies after cyberattacks disrupted operations or exposed weaknesses in internal controls. In 2019, S&P Global Ratings cut Bank of Valletta’s rating to BBB- from BBB following a cyberattack, citing operational risks and governance weaknesses that hurt its creditworthiness. Korea Ratings has also recently incorporated cyber-related concerns into its assessment of a domestic financial firm. In March, it lowered Lotte Card’s score for the “risk management” factor in its regular credit assessment. Lotte Card disclosed a data breach in August last year that exposed information belonging t

A wave of recent data breaches at major Korean banks is putting pressure on both customer confidence and the industry’s defenses, with deposits at these lenders declining by more than 20 trillion won ($15 billion) in just 11 days, according to industry officials, Sunday. They are now stepping up security spending and hiring specialists to keep pace with increasingly sophisticated artificial intelligence (AI)-driven attacks. Demand deposits at the country’s five largest lenders — KB Kookmin, Shinhan, Hana, Woori and NH NongHyup — totaled 675.5 trillion won on Sept. 30, but dropped to 655.4 trillion won as of Sunday. Fixed-term deposits, which had risen for five consecutive months, also fell by more than 2.7 trillion won to slightly more than 1 quadrillion won. On Oct. 1, Shinhan Bank first reported that about 25,000 customers were affected, with names, phone numbers, annual income and loan limits exposed. The following day, KB Kookmin reported 119 affected customers, while Hana Bank said personal information belonging to 89 customers was exposed. Lenders are responding with bigge

Although the South Korean government insists its alliance with the United States remains strong despite six months of restrictions on North Korea-related intelligence sharing, experts see little prospect of a quick resolution, warning that Washington’s mistrust runs deep and the dispute reflects broader structural strains in the alliance. Nam Sung-wook, a chair professor at Sookmyung Women’s University, said the restrictions reflect strong U.S. mistrust of specific figures in the current administration and warned the situation was unlikely to improve soon. “The U.S. is showing a deep-seated distrust toward key figures such as Unification Minister Chung Dong-young and National Intelligence Service (NIS) chief Lee Jong-seok in the Lee Jae Myung administration and claiming that they cannot have high-level intelligence sharing meetings. It is worrisome, as it is also fundamentally hurting the allies,” he said. He said Seoul has strong reasons to resolve the restrictions quickly but warned that Washington’s concerns may be difficult to overcome in the short term. “It will not be b

Zhou Xianwang, the former mayor of Wuhan widely criticised for the initial handling of the Covid-19 outbreak, has been sentenced to 14 years in prison for corruption. Zhou used various positions he held between 2003 and 2025 – including party secretary of Huangshi, mayor of Wuhan and vice-governor of Hubei province – to “provide assistance to companies and individuals in contracting projects, business operations and administrative approvals”, Shangqiu Intermediate People’s Court in Henan...