Friday, October 23, 2026 · Morning
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Economy · 2 sources combined p. 1 / 6
Kim Dong-seon's public takeover bid
Deadline Deadline November 2 · Hanwha M&S public takeover bid application deadline
Photo: 매일경제 In short President Kim Dong-seon has decided to purchase more shares of Hanwha M&S.
His older brothers, Vice Chairs Kim Dong-gwan and Kim Dong-won, also agreed to contribute part of their stakes.
With this expansion, President Kim Dong-seon is expected to become the company's largest shareholder.
Key facts When Hanwha M&S submitted an amended report on October 22, 2026. Who Kim Dong-seon, president of Hanwha M&S and third son of Hanwha Group Chair Kim Seung-yeon. What Increased the target shares for the public takeover bid from 16.06 million to 26.203 million shares. How Purchase price of 8,000 won per share and deadline of November 2 remain unchanged.
What it means for me
If you are a minority shareholder of Hanwha M&S, you should consider whether to participate in the public takeover bid.
Why does this matter? The brothers are contributing part of their stakes, which strengthens President Kim Dong-seon's sole management foundation.
Economy · Planned · 2 sources combined p. 2 / 6
CJ OnStyle creators
Deadline Deadline October 24 · CCFK 2026 event end date
Photo: 연합뉴스 In short CJ OnStyle announced it will expand its business of selling products with creators.
The platform supports everything from product planning to delivery and customer service.
The goal is to increase related transaction volume by 35 times by 2030 compared to 2025.
Key facts When A media day was held at Seoul COEX on October 22, 2026. Who CJ OnStyle, operated by the commerce division of CJ ENM, made the announcement. What The goal is to increase creator commerce transaction volume by 35 times by 2030 compared to 2025. How It will use an 'end-to-end' approach and 'OnTuner' platform that provide support from product planning to logistics and customer service all at once.
What it means for me
All Shop owners
For consumers who buy products after watching social media content, related platforms are expected to expand in the future.
Small brands can gain new sales opportunities by connecting with creators.
Why does this matter? As consumer shopping behavior grows through YouTube and Instagram, the role of trustworthy platforms is becoming increasingly important.
Economy · 2 sources combined p. 3 / 6
Lotte Wellfood launches Pepero Day
D-90 Deadline February 5 · SNS event 'Play with Pepero' application deadline
Photo: 연합뉴스 In short Lotte Wellfood is launching overseas advertising ahead of November 11 Pepero Day (Korean snack holiday).
The company will conduct outdoor advertising and local events in New York, LA, and Vietnam.
Consumers who participate in SNS events with Stray Kids can win prizes.
Key facts When New York advertising runs from October 19 to November 15, LA until November 14. Where Advertising will appear at Times Square New York, Korea Town LA, and 14 Lotte Mart locations in Vietnam. Who Lotte Wellfood is conducting marketing with global ambassador Stray Kids. What The campaign includes outdoor advertising, SNS authentication events, YouTube digital gifts, and local pop-up events.
What it means for me
Domestic and international consumers who participate in SNS events can win prizes including fan meeting invitations.
Why does this matter? Lotte Wellfood aims to expand global sales by expanding overseas advertising and fandom marketing around Pepero Day.
Finance · 3 sources combined p. 4 / 6
Bank of Korea holds base rate steady
Photo: 연합뉴스 In short The Bank of Korea decided to maintain the base rate at 3.00% annually.
This is the first pause after raising rates for two consecutive months in July and August.
With inflation cooling somewhat, the urgency to raise rates further has decreased.
Key facts When Decided at the Monetary Policy Committee meeting on October 22, 2026. Who All members of the Bank of Korea's Monetary Policy Committee participated. What Held the base rate at 3.00% by unanimous vote. How Adjusted pace after raising rates by 0.25 percentage points each in July and August.
What it means for me
All Office workers Shop owners Retired
Loan and deposit rates are not expected to move sharply in the near term.
Mortgage rate increases are less likely to accelerate in the short term.
Business loan interest burdens are not expected to rise sharply in the near term.
Deposit rates are likely to remain relatively stable for some time.
Why does this matter? After two consecutive rate hikes and moderating inflation, the central bank is taking a breather, reducing immediate pressure for further loan rate increases.
Economy · 3 sources combined p. 5 / 6
Seoul one-room rental rises to 710,000 won
Photo: 세계일보 In short Seoul one-room apartment rental prices rose 5.2% in one month to 710,000 won.
Gangnam-gu was most expensive at 970,000 won, while Dobong-gu was cheapest at 480,000 won.
Jeonse deposits (lump-sum rental collateral) fell 1.1% instead, to 21.991 million won.
Key facts When Statistics compiled as of September, compared to previous month. Where Seoul multi-unit and semi-detached one-room units with usable area of 33㎡ or less. What Average monthly rent rose to 710,000 won, up 350,000 won (5.2%) from previous month. How Gangnam-gu highest at 970,000 won, Dobong-gu lowest at 480,000 won; Gwanak-gu surged 30%.
What it means for me
Readers living in one-room units or planning to move should check regional rent differences in advance.
Economy · 5 sources combined p. 6 / 6
Micron Taiwan factory strike
Photo: 한국경제 In short The labor union at Micron's Taiwan factory went on strike for 24 hours on October 22.
The union demanded that 15% of operating profit be paid as performance bonuses, like at Samsung Electronics and SK Hynix.
The union is seeking to formalize this system, saying the one-time bonus offered by the company is insufficient.
Key facts When 24-hour strike from 9 a.m. October 22 to 9 a.m. October 23, 2026 Who Labor union at Micron Taiwan Taoyuan factory What Request to formalize quarterly profit-sharing system distributing 15% of operating profit as performance bonuses How Company offered 1 million Taiwan dollars (approximately 40 million won) per employee as September bonus, but union rejected
What it means for me
South Korea's semiconductor industry expects some benefit, but impact is likely limited since this is a short-term strike.
Why does this matter? Workers are demanding a permanent profit-sharing system like Samsung and SK, not a one-time bonus, raising concerns about supply disruptions.
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