POSCO and its union reached a tentative agreement on wages for 2026. The deal includes a 2.6% increase in base pay and comes more than four months after negotiations began on June 16.
Daejeon said on the 30th that it is targeting 5 trillion 40.6 billion won in national funding next year, up 5% from this year, and will operate a parliamentary team and coordinate with political leaders.
The government has drawn up a tourism budget proposal of 1.7562 trillion won for next year, up 19% from this year's 1.4751 trillion won. It is pursuing 23 million foreign visitors this year and plans to prepare for 40 million over the medium to long term.
GROREIT unitholders approved selling the Royal Orchid Sheraton Hotel in Bangkok to a new investor for 5.3 billion baht, rejecting the original owner's lower buyback offer.
The U.S. Tax Court valued a conservation easement at no more than $500,000 and upheld a 40 percent IRS penalty over the claimed $74.5 million deduction.
Beneficiaries born from the 21st through the 31st of any month are scheduled to receive their October Social Security payment on Wednesday, October 28.
Kookmin Bank plans to raise its information security budget to at least 100 billion won next year, and Hana Bank has also decided to increase its budget to at least that level. Woori Bank is considering increasing its information security systems budget by at least 20% from this year.
Audi said in a Saturday press release that it plans to establish its first U.S. plant in Georgia, with the site expected to rank among its largest production footprints globally.
A group of 109 economists, business leaders, entrepreneurs and former senior officials warned of irreversible economic damage if international sanctions are imposed on Israel.
Officials said the president of a New York investment firm pleaded guilty Friday to a scheme that defrauded hundreds of investors over nearly three decades.
Two lenders allege that investors transferred distressed Baltimore homes between related companies at higher prices and obtained financing based on inflated appraisals.
Singapore's Energy Market Authority said Indonesia's reduction in gas exports on October 24 amounts to less than 2% of Singapore's total daily gas demand.
Move-ins for a total of 1,285 homes in blocks A2 and A3 of Gyeyang New Town are scheduled to begin this December. The two blocks are set to be the first to welcome residents among the third-generation new towns.
The Bank of Korea kept its policy rate at 3.00% per year on the 22nd while leaving open the possibility of further increases. Governor Shin Hyun-song said stronger inflation made it necessary to maintain a restrictive policy stance.