Cosmax Showcases PDRN and Sun Care Technologies at Shanghai Beauty Expo Cosmax, a cosmetic ODM (research, development, and manufacturing) company, announced on May 15 that it showcased local customized formulation technologies and inner beauty solutions at a B2B beauty expo in China.Cosmax revealed that its Chinese subsidiary, Cosmax China, completed its exhibition at the 30th China Shanghai Beauty Expo (CBE) held from December 12-14 at the Shanghai New International Expo Center. The CBE is an annual B2B beauty expo that attracts over 500,000 visitors from more than May 15, 2026

JVEM Opens New Production Facility in Suzhou, Strengthening Supply Chain and Price Competitiveness JVEM, a subsidiary of Hanmi Science, announced on May 15 that it has established a new factory in the Suzhou Industrial Park, a joint development zone in China and Singapore, dedicated to the production of automated pharmaceutical dispensing equipment. The opening ceremony was held last month. This new production facility is part of a strategy to expand global manufacturing bases, aimed at enhancing supply chain competitiveness and production efficiency through local production in China. May 15, 2026

Jung Saem Mool Beauty Selected for K-Export Star 500 Amid Global Expansion Efforts Jung Saem Mool Beauty announced on May 15 that it has been selected for the "2026 K-Export Star 500" program organized by the Ministry of Trade, Industry and Energy. According to Jung Saem Mool Beauty, the K-Export Star 500 meeting for representative companies was held on May 12 in Seongsu-dong, Seoul, with attendance from the Minister of Trade, Industry and Energy, the President of the Korea Trade-Investment Promotion Agency, and Vice President Yoo Jae-woong of Jung Saem Mool Beauty. May 15, 2026

Korea Expressway Corporation Conducts Safety Inspections Ahead of Rainy Season The Korea Expressway Corporation is ramping up its safety management efforts for key highway facilities ahead of the upcoming rainy season.On May 15, Lee Sang-jae, acting president of the corporation, visited the Yul-am Bridge on the Seohaean Expressway in Hwaseong, Gyeonggi Province, to personally inspect bridge structures and the preparedness for severe weather, while encouraging on-site personnel. This inspection is part of the Ministry of the Interior and Safety's '2026 Focused Safety Inspec May 15, 2026

President Lee Meets Former Teacher on Teacher's Day President Lee Jae-myung met with his former elementary school teacher, Park Byeong-gi, on Teacher's Day, expressing his gratitude.Ahn Gyu-ryeong, deputy spokesperson for the Blue House, announced in a written briefing that President Lee had lunch with Park and fellow alumni from Samgye Elementary School at a restaurant in Andong, North Gyeongsang Province. Park was Lee's sixth-grade homeroom teacher at Samgye Elementary.During the meeting, President Lee pinned a carnation on Park's chest and sai May 15, 2026

Miryang Attracts Tourists with Half-Price Travel Program, Minister Praises Efforts "I can really feel the impact of the half-price travel program here in Miryang," said Choi Hyu-young, the Minister of Culture, Sports and Tourism, during his visit to the city on May 14-15. Minister Choi attended a Miryang Arirang performance, purchased books at Cheonghak Bookstore, and enjoyed a bowl of pork soup at Miryang Market. He also climbed Yeongnamru to take in the panoramic views of the city, appreciating Miryang's unique charm. Tourism has become a key driver of growth for Mir May 15, 2026

Solar Stocks Plummet Amid US-China Reconciliation Hopes Following the recent US-China summit, optimism for improved relations between the two countries has led to a sharp decline in solar stocks, which had previously surged. The expectation of benefits from increased US restrictions on China has weakened, resulting in a wave of profit-taking. As of 2:59 PM on May 15, HD Hyundai Energy Solutions was trading at 195,600 won, down 48,400 won (19.84%) from the previous trading day. At the same time, OCI Holdings saw a drop of 80,000 won (21.95%), b May 15, 2026

Korean Won Surpasses 1500 Against US Dollar Amid Inflation Concerns The won-dollar exchange rate surpassed 1500 won for the first time in over a month. As of 2:50 PM on May 15, the exchange rate in the Seoul foreign exchange market stood at 1504.7 won per US dollar. The rate opened at 1494.2 won, up by 3.2 won from the previous session, and continued to rise throughout the afternoon. This marks the first time the rate has exceeded 1500 won since April 7. The strengthening of the dollar is interpreted as a response to growing global inflation concerns May 15, 2026

U.S. Secretary of State Rubio: No Change in Taiwan Policy Amid China Tensions The U.S. State Department has reaffirmed that its policy toward Taiwan remains unchanged. Despite discussions on Taiwan during a meeting between President Donald Trump and Chinese President Xi Jinping in Beijing, the U.S. has indicated it will maintain its existing stance. On May 14, in an interview with NBC, Secretary of State Marco Rubio stated, "As of today, and based on today's meeting, the U.S. policy on Taiwan has not changed." He added, "They always raise this (Taiwan) issue, and we May 15, 2026

Election Experts Predict Key Races in Seoul, Busan, and Daegu Ahead of Local Elections With just 20 days until the June 3 local elections, political experts are identifying Seoul, Busan, and Daegu as key battlegrounds. The outcome of the Seoul mayoral race is expected to have significant implications for the political landscape moving forward. In a survey conducted by Ajou Economics on May 14, all six experts predicted an advantage for the ruling Democratic Party. However, forecasts varied, with some suggesting the party would win in 9 out of 16 regions, while others ant May 15, 2026