Samsung Electronics Executives Meet with Union Leaders to Address Bonus Dispute Samsung Electronics' semiconductor division executives have traveled to the Pyeongtaek campus to meet directly with union representatives in an effort to resolve a dispute over performance bonuses.According to industry sources on May 15, Vice Chairman Jeon Young-hyun and other executives from the semiconductor (DS) division are set to meet with Choi Seung-ho, chairman of the Samsung Electronics branch of the Korean Metal Workers' Union.In an official statement, the executives expressed their bel May 15, 2026

ChabioTech Reports Revenue Growth in Q1 2026 Amid Global Healthcare Expansion ChabioTech announced on May 15 that it recorded consolidated revenue of 329.7 billion won in the first quarter of 2026, an 8% increase compared to the same period last year. The company attributed its stable growth in global healthcare operations across the United States, Australia, Singapore, and Japan, along with the integration effects from Kakao Healthcare and Chai AI Healthcare. The growth of key subsidiaries, including CMG Pharmaceutical and Chacares, also contributed to the revenue May 15, 2026

Putin's Visit to China Nears Final Coordination, Expected on May 20 Russian President Vladimir Putin's upcoming visit to China is in the final stages of coordination. The Kremlin has announced that preparations for the visit are nearly complete, and the South China Morning Post (SCMP) reports that Putin is expected to visit Beijing for a one-day trip on May 20. On May 14, Dmitry Peskov, the Kremlin spokesperson, stated during a briefing that the date of Putin's visit would be announced very soon. He noted, "The visit is in preparation, and I can say that th May 15, 2026

Lee Jong-wook Appointed as New Commissioner of the Korea Customs Service Lee Jong-wook has been appointed as the new commissioner of the Korea Customs Service, recognized as a customs expert with extensive practical experience. Born in 1974 in Sangju, North Gyeongsang Province, Lee graduated from Yonsei University with a degree in economics and completed a master's degree in public administration at Rutgers University in the United States. He entered public service after passing the 43rd National Civil Service Examination. Throughout his career, he has May 15, 2026

Ministry of Interior Inspects Safety Measures for Jungnang Rose Festival The Ministry of Interior announced that Kim Kwang-yong, head of the Disaster and Safety Management Bureau, visited the site of the Jungnang Rose Festival in Seoul's Jungnang District on May 15 to assess safety management measures for the event. The Jungnang Rose Festival, which began in 2009, is celebrating its 18th edition this year. The festival features a 5.45-kilometer rose tunnel along the Jungnang Stream, showcasing 320,000 roses of 232 varieties. Over the past two years, the festiva May 15, 2026

New Appointments in South Korea's Ministry of Health and Customs Service President Lee Jae-myung appointed Hyun Soo-yeop as the new Deputy Minister of Health and Welfare and Lee Jong-wook as the Commissioner of the Korea Customs Service on May 15. This reshuffle comes less than a year after both officials were initially appointed.Lee Gyu-yeon, senior secretary for public relations at the Blue House, announced the personnel changes during a briefing at the Chunchugwan.Hyun Soo-yeop, the new Deputy Minister, is a seasoned bureaucrat who has held key positions in the mi May 15, 2026

Hyundai Marine & Fire Insurance Reports 1st Quarter Net Profit of 223.3 Billion Won Hyundai Marine & Fire Insurance reported an increase in net profit for the first quarter of 2026, driven by improvements in long-term insurance, despite losses in auto insurance and poor investment performance. The company announced on May 15 that its standalone net profit for the first quarter reached 223.3 billion won, a 9.9% increase compared to the same period last year. The growth was primarily led by long-term insurance, which saw profits rise to 265.9 billion won, a 132.5% increas May 15, 2026

Calls for Candidate Unification in Busan North District Amid Tensions Jang Dong-hyuk, leader of the People Power Party, dismissed calls for candidate unification in the Busan North District by-election on May 15, stating, "It is not the behavior of a general preparing for battle to discuss unification before candidate registration is even complete." His comments come amid demands for unification between Park Min-sik, the party's candidate, and independent candidate Han Dong-hoon.In a post on Facebook, Jang emphasized that "a mere calculation of votes does not alig May 15, 2026

Samsung Bioepis Expands Open Innovation for Obesity and ADC Drug Development Samsung Bioepis is accelerating its drug development efforts by collaborating with external biotech ventures. The company is emphasizing open innovation as it expands from biopharmaceutical research into new drug areas. According to industry sources, Samsung Bioepis signed a memorandum of understanding (MOU) last month with the Atlas Innovation Center, a Chinese biotech growth support organization, to enhance global open innovation collaboration. This marks the company's first partnership May 15, 2026

GC Green Cross Joins AI Drug Development Platform Project GC Green Cross announced on May 15 that it has been selected as a key research institution for the "AI-Medicine Drug Development Full Cycle Multi-Agent AI Platform Construction and Demonstration" project, led by the Ministry of Science and ICT. This initiative is a national project with a total government funding of approximately 17.7 billion won over 57 months. It aims to establish a system where large language model (LLM)-based specialized AI agents collaborate to carry out the entire d May 15, 2026