Youth Future Savings Accounts Offered by 15 Institutions with Interest Rates Up to 8% The 'Youth Future Savings Account,' designed to support asset formation for young people, will be available next month through 15 financial institutions. The maximum interest rate is expected to range from 7% to 8% depending on the institution. On May 14, the Financial Services Commission held an event titled 'The First Step to Filling the Future: Unboxing Talk Concert for Youth Future Savings' at the Small Business Market Promotion Corporation's dedicated training center in Seoul, where May 14, 2026

Aribio Signs $4.7 Billion Deal with China's Puxing for Alzheimer's Drug Aribio has successfully secured a global licensing agreement worth approximately 7 trillion won ($4.7 billion) for its oral Alzheimer's treatment, AR1001, with China's Puxing Pharmaceuticals. This marks the largest technology transfer deal in South Korea's dementia treatment sector, with expectations for domestic companies to thrive in a market projected to exceed 70 trillion won by 2030.On May 14, Aribio announced its exclusive licensing agreement with Puxing Pharmaceuticals, which encompasses May 14, 2026

Rep. Park Hee-seung: AI Marks Turning Point for Pharma and Bio Industries Rep. Park Hee-seung of the Democratic Party of Korea, a member of the National Assembly's Health and Welfare Committee, stated that the global pharmaceutical and biotechnology industries are at a significant turning point driven by artificial intelligence (AI). He explained that AI is enhancing research and development (R&D) efficiency throughout the entire drug development process and is leading to structural changes in the industry. In a written address at the 16th Global Healthcare May 14, 2026

Samsung Epise Holdings Accelerates Value Growth with AA ESG Rating and Profit Turnaround Samsung Epise Holdings has received an AA rating from Morgan Stanley Capital International (MSCI) in its first participation in the ESG (Environmental, Social, and Governance) assessment. The holding company also achieved a profit turnaround in the first quarter, bolstered by strong sales of its subsidiary Samsung Bioepis's biosimilars, marking a successful combination of business performance and ESG values.On May 14, Samsung Epise Holdings announced that it earned an AA rating, placing it in th May 14, 2026

SKT and Defense Ministry Collaborate on Defense AI Initiatives The Defense Ministry and SK Telecom (SKT) have joined forces to promote defense artificial intelligence (AI). On May 14, the Defense Ministry, SKT, and the Ministry of Science and ICT signed a memorandum of understanding (MOU) at SKT's headquarters in Euljiro, Seoul, to utilize the ministry's independent AI foundation model in the defense sector. The event was attended by Kim Myung-guk, head of SKT's Industrial AI Division, and Jeon Jun-beom, director of the Defense AI Planning Bureau. T May 14, 2026

Korea Restructures Nuclear Power Export Strategy for Global Competitiveness The South Korean government is consolidating its nuclear power export system into a unified team. Korea Electric Power Corporation (KEPCO) and Korea Hydro & Nuclear Power (KHNP), which previously managed overseas contracts separately, will now collaborate under government leadership to enhance their competitiveness in securing international contracts. On May 14, the Ministry of Trade, Industry and Energy held the first nuclear power export strategy council meeting of 2026 at the Korea T May 14, 2026

Korean Investors Shift Focus from U.S. Stocks Amid Record Domestic Market As the domestic stock market continues to reach all-time highs, South Korean investors, known as "seohakgaemi," who have heavily invested in U.S. stocks, are now shifting to a selling trend. Amid ongoing U.S.-China tensions and geopolitical risks from the Middle East, the U.S. stock market has shown relative weakness this year, while the KOSPI index has gained momentum, raising expectations for the KOSPI to reach 8,000. This has led to a simultaneous movement of funds from U.S. stocks to th May 14, 2026

Rep. Han Ji-a Calls for Institutional Support to Boost K-Bio's Global Competitiveness Rep. Han Ji-a, a member of the National Assembly's Health and Welfare Committee, emphasized the need for institutional support to enhance the global competitiveness of the K-Bio sector as the pharmaceutical and biotech industries undergo rapid restructuring due to the spread of artificial intelligence (AI) technology. Speaking at the 16th Global Healthcare Forum hosted by Aju Economy at the Korea Press Center in Jung-gu, Seoul, on May 14, Han stated, "AI is bringing revolutionary changes May 14, 2026

Trump Warned by Xi on Taiwan Issue During Beijing Meeting Chinese President Xi Jinping issued a strong warning regarding Taiwan during a meeting with U.S. President Donald Trump, stating that mishandling the issue could lead to conflict between the two nations. This meeting marked their first encounter in seven months since the summit in Busan last October. According to China Central Television (CCTV) on May 14, Xi emphasized that the Taiwan issue is the most critical matter in U.S.-China relations during their talks at the Great Hall of the Peo May 14, 2026

Ace Bed Launches Hotel-Style Low-Profile Bed 'Opimo III' Ace Bed has launched the 'Opimo III,' a hotel-style bed designed with a low-profile structure to enhance openness in the bedroom. According to Ace Bed, the Opimo III maximizes the sense of space and openness in the bedroom. Its low-profile design ensures that even when paired with a high pillow-top mattress, the overall height of the bed remains manageable, creating a visually spacious effect. The headboard features a dual head cushion that provides optimal comfort by supporting the body' May 14, 2026