International Business Times Korea

Samsung Chief Apologizes Publicly For Labor Dispute, Calls For Unity And Swift Resolution

SEOUL — Samsung Electronics Vice Chairman Lee Jae-yong issued a rare public apology Thursday for the ongoing labor dispute that has strained relations with the company's union, urging both sides to prioritize dialogue and unity as negotiations remain stalled ahead of a critical June 7 deadline.

Today's News

Kash Patel Took 'VIP Snorkel' Trip Around USS Arizona Memorial While In Hawaii On Officials Business: Report
FBI Director Kash Patel snorkeled around the sunken USS Arizona while on a trip to meet with local law enforcement last year, according to an new report.
Madonna, Shakira & BTS to Headline the First-Ever FIFA World Cup Final Halftime Show
Football and music are colliding on the world's biggest stage. FIFA and Global Citizen announced Thursday that Madonna, Shakira, and BTS will co-headline the first-ever halftime show at a FIFA World Cup Final, set for July 19 at MetLife Stadium in New Jersey. The approximately 11-minute performance will be broadcast live to hundreds of millions of viewers around the globe.
U.S. Factory Output Picks Up In April As Auto Production Surges Amid Supply Risks
Factory production posted a solid monthly increase in April, underscoring resilience in the U.S. industrial sector even as external risks weigh on the outlook.
Samsung Union Rejects Wage Proposal, Delays Talks Until After June 7
SEOUL — The powerful labor union at Samsung Electronics has formally rejected the company's latest wage and benefits proposal, announcing that further negotiations will not resume until after June 7 as tensions escalate at the world's largest memory chipmaker.

Agentic AI Era: Cloudflare Fires 1,100 as Internal AI Usage Surges 600%

Cloudflare has laid off 1,100 employees, about 20% of its workforce, as part of a strategic shift towards AI integration, despite strong financial performance.

Korean Oil Tanker Successfully Transits Red Sea as Saudi Crude

Korean Cargo Ship HMM Namu Explosion in Strait of Hormuz Confirmed as External Attack

A powerful explosion that rocked the South Korean-operated cargo ship HMM Namu in the Strait of Hormuz has been confirmed as the result of an external attack, South Korean officials and maritime security sources said Saturday, intensifying fears for the safety of 26 other Korean vessels trapped in the strategic waterway amid escalating U.S.-Iran tensions.

Today's News

Business

Samsung Electronics Hits Record $38.6B Q1 Profit Amid Global AI Chip Shortage
SEOUL — Samsung Electronics Co. posted a historic first-quarter profit of 53.5 trillion South Korean won ($38.6 billion) on Thursday, April 30, 2026, smashing previous records as surging global demand for high-bandwidth memory chips and AI semiconductors drove exceptional results across its semiconductor division.
Elon Musk Ties SpaceX IPO Participation To Grok AI Subscriptions In Unusual Twist
Samsung Electronics Eyes Record 50 Trillion Won Q1 Profit Amid AI Chip Boom

World

Beef Up 64%, Olive Oil 113%: UK Food Prices To Skyrocket 50% — 'Children Will Go Hungry'
ECIU analysis warns UK food prices will be 50% above 2021 levels by November, with the poorest households hit hardest by surging staple costs.
Trump 'Probably Back In Panic Mode'–Former Security Advisor Says On Iran's Downing Of US Jets
Trump 'Needs A Lot Of Prayer' Because He Holds Power And Accountability—But Warnock Condemns Bigotry

Korea

Politics

White House Pastor Franklin Graham Under Fire Over Claim God 'Raised Trump' To Kill 'Islamic Iranians' For 'Jewish People'
Evangelical leader Franklin Graham's prayer at a White House Easter event, likening Trump to a biblical savior against Iran, has ignited widespread criticism.
Steve Bannon Conviction Could Be Erased After Supreme Court Backs Trump Request
Trump Warns Iran Of Strikes On 'Every Power Plant' As Hormuz Deadline Nears

Media & Culture

Ji Ye Eun's Real-Life K-Drama Romance With Vata Is Everything – Here's How Their Love Story Unfolded
Running Man actress Ji Ye Eun opens up about her real-life romance with choreographer Vata, sharing intimate details that resemble a K-Drama love story.
Ahn Hyo Seop Shares Gut-Wrenching Story Of Rejection By JYP: 'I Felt Like I Let My Dad Down'
IU's 'Perfect Crown' Sparks Fierce Debate Over K‑Drama Age Casting, Heavy Editing, And Realism

Sports

Samsung Chief Apologizes Publicly For Labor Dispute, Calls For Unity And Swift Resolution

Kash Patel Took 'VIP Snorkel' Trip Around USS Arizona Memorial While In Hawaii On Officials Business: Report

Madonna, Shakira & BTS to Headline the First-Ever FIFA World Cup Final Halftime Show

U.S. Factory Output Picks Up In April As Auto Production Surges Amid Supply Risks

Samsung Union Rejects Wage Proposal, Delays Talks Until After June 7

Zohran Mamdani Closed New York's $12 Billion Deficit — But Not the Way He Promised

Lizzo Blames Declining Album Awareness On Chaotic Algorithms As Critics Claim There Is No Longer Demand For Her 'S****' Music

Xi Jinping Echoes Trump's 'Make America Great Again' in Olive Branch as September White House Visit Planned

Walmart Layoffs: Memo Reveals Why 1,000 Corporate Jobs Are Being Cut

Is Lewis Hamilton the Next Michael Schumacher? Aldo Costa Reveals 'Worlds Apart' Work Ethics

Samsung Running Out of Options as 18-Day Strike Looms and Government Weighs Stronger Role

Samsung Union Threatens Strike Unless 15% Profit Bonus and Pay Cap Removal Instituted

Agentic AI Era: Cloudflare Fires 1,100 as Internal AI Usage Surges 600%

Korean Cargo Ship HMM Namu Explosion in Strait of Hormuz Confirmed as External Attack

Israel's National Security Minister Sparks Horror With AI Video of Executions for Palestinian Detainees: 'I Dream of Nooses'

KOSPI Surges Past 7,000 as South Korea Overtakes Canada to Rank as World's 7th Largest Stock Market

Samsung Electronics Joins Trillion-Dollar Club as Market Cap Hits $1.06 Trillion

Trump's Wall Bulldozed a 1,000-Year-Old Native American Site—DHS Waivers to Bypass Environmental Rules

Samsung Electronics Hits Record $38.6B Q1 Profit Amid Global AI Chip Shortage

Elon Musk Ties SpaceX IPO Participation To Grok AI Subscriptions In Unusual Twist

Samsung Electronics Eyes Record 50 Trillion Won Q1 Profit Amid AI Chip Boom

Beef Up 64%, Olive Oil 113%: UK Food Prices To Skyrocket 50% — 'Children Will Go Hungry'

Trump 'Probably Back In Panic Mode'–Former Security Advisor Says On Iran's Downing Of US Jets

Trump 'Needs A Lot Of Prayer' Because He Holds Power And Accountability—But Warnock Condemns Bigotry

KOSPI Surges Past 6,900 to Record High as Chip Giants Samsung and SK Hynix Ignite Rally

US Warns Shipping Firms Face Sanctions if Paying Iran Tolls for Strait of Hormuz Passage

South Korea's Top 10 Export Markets In 2026 Highlight Semiconductor Surge And Diversification Efforts

Park Ji-su Claims Historic Fifth WKBL Regular Season MVP, Hails Teammate Competition As Special

White House Pastor Franklin Graham Under Fire Over Claim God 'Raised Trump' To Kill 'Islamic Iranians' For 'Jewish People'

Steve Bannon Conviction Could Be Erased After Supreme Court Backs Trump Request

Trump Warns Iran Of Strikes On 'Every Power Plant' As Hormuz Deadline Nears

Ji Ye Eun's Real-Life K-Drama Romance With Vata Is Everything – Here's How Their Love Story Unfolded

Ahn Hyo Seop Shares Gut-Wrenching Story Of Rejection By JYP: 'I Felt Like I Let My Dad Down'

IU's 'Perfect Crown' Sparks Fierce Debate Over K‑Drama Age Casting, Heavy Editing, And Realism

Cristiano Ronaldo's Hamstring Injury Recovery Raises Questions On 2026 World Cup Performance Impact

Aaron Gordon Injury Update: Nuggets Rocked By Brutal News Just Minutes Before Tipoff

Klay Thompson Allegedly Cheated On Megan Thee Stallion With WNBA Star Lexie Brown