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7 storiesReviewed by the editor, Oct 13

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Jeju Heavy Rain Warnings Lifted as Autumn Showers Move Across Korea

The Korea Meteorological Administration lifted heavy rain warnings for Mount Halla and eastern Jeju on early October 13 following overnight downpours. Across the rest of the country, overcast skies and intermittent rain between 5 to 50 mm will taper off by afternoon, bringing cooler temperatures in the low-to-mid 20s Celsius. Light drizzle under 0.1 mm may linger into the evening in parts of the southern provinces.

So what

Pack a compact umbrella and light outer layer if traveling today, as clearing skies will be accompanied by noticeably cooler autumn breezes.

Money

KakaoBank Introduces Five-Minute App-Based Account Opening for Foreign Residents

KakaoBank launched a dedicated foreign resident service on October 12, allowing non-Korean nationals living in Korea to open digital bank accounts within five minutes entirely via its smartphone app. The service waives domestic transfer fees and ATM withdrawal charges identically to accounts held by Korean nationals, and integrates foreign remittances and digital visa certificate issuance. Dedicated savings and open-banking capabilities for foreign account holders are scheduled to roll out next year.

So what

Download the KakaoBank app to set up an everyday checking account and debit card without having to visit a traditional brick-and-mortar bank counter.

Culture

2026 MAMA Awards Announces Nominees and Launches Global Fans’ Choice Voting

CJ ENM announced the official nominees for the 2026 MAMA Awards on October 12 and initiated the first round of worldwide voting for the Fans' Choice category. This year's flagship ceremony will be staged over two days in Osaka, Japan, on November 21 and 22. International fandom voting across individual and group categories will determine key honors for the year's top K-pop releases.

So what

Cast your votes for nominated K-pop artists through the official Mnet Plus platform before the initial round concludes.

Culture

Bong Joon-ho’s First Feature Animation ‘ALLY’ Confirmed for July 2027

Director Bong Joon-ho's debut feature-length animated film, 'ALLY', has been slated for domestic theatrical release in July 2027, with a simultaneous French premiere set for July 14, 2027. Produced by Barunson C&C with creative contributors across 12 countries, the story follows a deep-sea squid named Ally whose peaceful underwater world is disrupted when an unidentified aircraft crashes into the ocean abyss. North American theatrical distribution plans are also currently being arranged.

So what

Keep this ambitious project on your radar if you follow Korean cinema, marking Bong's first major animated storytelling endeavor.

Culture

Olive Young Expands K-Beauty Edit Sections into 48 Asian Sephora Stores

CJ Olive Young announced the rollout of its curated 'Olive Young K-Beauty Edit' shop-in-shops across 48 physical Sephora locations and online stores in Malaysia, Singapore, Thailand, and Hong Kong. Following an initial launch in North America, this expansion aims to give emerging Korean skincare and makeup labels direct international retail presence. The retailer recently showcased the format with a week-long pop-up at Singapore's ION Orchard shopping center running through October 14.

So what

Look for verified Olive Young curation bays inside major Sephora stores across Southeast Asia if you want authentic Korean cosmetic lines without shipping delays.

Culture

K-Pop Industry Pioneer Lee Soo-man Launches A2O Entertainment Agency

SM Entertainment founder Lee Soo-man marked his official return to the South Korean music scene on October 12 by introducing his newly established agency, A2O Entertainment. At a launch presentation in Ilsan, Gyeonggi Province, Lee announced his technological entertainment roadmap alongside the concurrent debut of 15-member boy group A2O Soul and nine-member girl group A2O. The venture plans to blend interactive immersive technologies with conventional idol training frameworks.

So what

Expect promotional content and debut showcase drops this month from Lee Soo-man's new global idol rosters.

Money

Korean Won Strengthens Against Japanese Yen to Lowest Rate Since 2008

The Korean won traded at 843.29 won per 100 Japanese yen on October 12, marking its strongest valuation against the Japanese currency in nearly 19 years. The milestone reflects a sharp contrast from early 2009 when the rate peaked above 1,610 won per 100 yen, driven by strong export dollar inflows into Korea and persistent yen weakness. Meanwhile, the won-dollar exchange rate closed down 7.7 won at approximately 1,335 won per U.S. dollar (~$1.00).

So what

If you are traveling between Korea and Japan or holding yen-denominated funds, convert currencies strategically as won-denominated purchasing power remains unusually high.