Yonhap News Summary - Wednesday April 29: FTC Designates Coupang Founder, Nvidia Meets Samsung and SK hynix, BTS Concerts Boost Tourism, Netflix Show Tops Chart, Cargo Workers Reach Deal
Hızlı Bakış
- South Korea's FTC designates Coupang founder Kim Bom-suk as de facto controller under stricter oversight.
- Nvidia executive meets Samsung and SK hynix to discuss physical AI partnerships.
- BTS concerts drive longer stays and higher spending among foreign tourists.
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This is a summary of five major stories from Yonhap News Agency on Wednesday, covering business regulation, technology partnerships, entertainment, and labor relations in South Korea.
SEOUL -- South Korea's antitrust regulator on Wednesday newly designated Kim Bom-suk, founder of U.S.-listed e-commerce giant Coupang Inc., as the company's de facto controller, placing him under stricter regulatory oversight. Kim, who also serves as chairman of the board, was designated as a "same person" of the group, a legal term referring to the individual who effectively controls a conglomerate, the Fair Trade Commission (FTC) said.
A key executive of U.S. tech giant Nvidia will hold meetings with counterparts from Samsung Electronics Co. and SK hynix Inc. on Wednesday to discuss cooperation in physical artificial intelligence (AI), industry sources said. The back-to-back meetings come as Madison Huang, senior director of product and technical marketing for physical AI platforms at Nvidia, is visiting South Korea to expand partnerships in the sector.
Foreign tourists who recently visited the country for concerts by K-pop giant BTS stayed longer and spent more than general inbound tourists, according to a government analysis released Wednesday. The Ministry of Culture, Sports and Tourism, along with the Korea Culture and Tourism Institute and the Korea Tourism Organization, analyzed on-site surveys, telecommunications and credit card data from the two latest performances by BTS in South Korea.
The romantic comedy "Sold Out on You" led Netflix's weekly non-English series chart a week after its debut, the streaming giant said Wednesday. The 12-part series garnered 4.7 million views for the week ended Sunday, the most among non-English TV series available on Netflix.
Unionized cargo workers said Wednesday they have reached a tentative agreement with BGF Logis, the logistics affiliate of the CU convenience store chain, following the death of a union member hit by a truck during a recent demonstration near a logistics center of the company. Last Monday, a 2.5-ton truck struck participants of a cargo worker rally near a CU convenience store logistics center in Jinju, about 290 kilometers southeast of Seoul, killing a union member in his 50s and injuring two others.
Açık Sorular
- What specific regulatory changes will apply to Coupang under FTC oversight?
- What are the specific terms of the tentative agreement between BGF Logis and unionized workers?





