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🇰🇷 South KoreaSunday, April 12, 2026

Highlights through the eyes of a long-term local resident.

PublishedApr 12, 6:13 PM (local) · Apr 12, 9:13 AM (UTC)

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Editor · An expat working at a foreign company in Seoul for 7 years

Seoul

20.3°/ 2.9°

cloudy

Rain 0%

UV 7

Geopolitics

Negotiations begin between United States and Iran

After 43 days of conflict, representatives from the United States and Iran have convened in Pakistan to coordinate terms for a potential ceasefire. The Iranian delegation presented a list of four non-negotiable conditions, which include the release of frozen assets and a cessation of hostilities in Lebanon. To emphasize the human cost of the conflict, the delegation arrived carrying photographs of elementary school children killed during airstrikes.

Editor's note

It is a relief to see movement toward a resolution, though the atmosphere remains heavy given the photos they brought with them. If you follow regional energy markets, keep an eye on how these talks evolve, as any progress here should hopefully stabilize the ongoing volatility we've been seeing in fuel costs here in Seoul.

Economy

Support payments for high fuel costs scheduled

The government has announced that energy support subsidies, reaching up to 600,000 KRW, will be distributed starting April 27. These funds must be utilized by the end of August. Despite the implementation of a third round of price ceilings, national average gasoline prices have continued to climb, currently sitting at 1,990 KRW per liter.

Editor's note

If you are a car owner, make sure to check if you qualify for these subsidies through your local district office portal. It is not exactly a fortune with current gas prices, but every little bit helps when you're commuting across the city.

Technology

Samsung Electronics returns to global smartphone lead

Market data for the first quarter of 2026 indicates that Samsung Electronics has reclaimed the top spot in global smartphone shipments. The company surpassed Apple in total units moved during this three-month period.

Editor's note

It has been a rough few months for the tech sector, so seeing a domestic giant bounce back like this feels like a bit of a win for the local market sentiment.

Society

Public vigils mark 12th anniversary of Sewol Ferry tragedy

On April 11, the city center was filled with yellow ribbons and memorials to mark the 12th anniversary of the Sewol Ferry disaster. Citizens gathered to commemorate the students who lost their lives, noting that they would have turned thirty years old this year.

Editor's note

It is always a somber day in the city when these anniversaries come around. You will likely see crowds in central areas near Gwanghwamun, so expect some traffic delays if you are heading out for dinner.

Crime

Investigation launched following theft of BTS concert credentials

Authorities are searching for a male suspect involved in the theft of 500 wristbands intended for entry into a BTS concert. The incident has prompted a police investigation to recover the items and identify the individual responsible.

Editor's note

I genuinely do not know what goes through people's heads. If you were planning on going to the show, keep your belongings extra close—these scalpers and thieves are getting bolder than ever.

Reference Media: 한겨레