Trump and Xi Meet in Beijing to Discuss Future of U.S.-China Relations "Can we create a bright future for our two countries together?" "I can say that U.S.-China relations are the best they have ever been." On May 14, Donald Trump, President of the United States, met with Xi Jinping, President of China, for a summit at the Great Hall of the People in Beijing, marking the second day of Trump's visit to China. The two leaders began their opening remarks in a cordial atmosphere, exchanging pleasantries. According to China's state broadcaster CCTV, Xi Jinpin May 14, 2026

Trump Optimistic About US-China Relations, Calls Xi a Great Leader U.S. President Donald Trump expressed optimism about the future of U.S.-China relations during a summit with Chinese President Xi Jinping in Beijing on May 14, 2026. According to Yonhap News, Trump stated at the opening remarks of the meeting at the Great Hall of the People, "The relationship between the United States and China will be better than ever before." He emphasized his long-standing relationship with Xi, saying, "We have known each other for a long time. This is the longest r May 14, 2026

Samsung Electronics Proposes Additional Talks with Union Amid Strike Threat Samsung Electronics has officially proposed additional talks with its union following a breakdown in negotiations, raising the possibility of a general strike. With both the government and the company urging a resumption of dialogue, the union's response could be pivotal in determining the strike's trajectory. According to industry sources on May 14, the Central Labor Commission (CLC) requested that Samsung and the union resume mediation talks on May 16. The CLC emphasized the need for si May 14, 2026

Special Prosecutors Launch Investigation into Presidential Office Relocation Audit The second comprehensive special investigation team, led by Special Prosecutor Kwon Chang-young, has begun a formal inquiry into allegations surrounding the relocation of the presidential office and residence during the Yoon Suk Yeol administration. The investigation focuses on whether there were any illegal activities during the audit conducted by the Board of Audit and Inspection from 2022 to 2024. In a press release on May 14, the special prosecutor's office stated, "We are investigat May 14, 2026

Korea's Fair Trade Commission Fines Egg Association $5.9 Million for Price Collusion The Korea Fair Trade Commission (KFTC) has determined that the Korea Egg Producers Association's establishment of standard prices for eggs constitutes collusion. On May 14, the KFTC announced it would impose a corrective order and a fine of 594 million won (approximately $5.9 million) on the association for its actions. From January 2023 to January 2026, the Egg Producers Association set standard prices for various egg sizes (large, extra-large, medium, and small) through regional commi May 14, 2026

To Establish Token Securities Early, Liquidity and Trust Must Be Increased A recent analysis indicates that securing liquidity is essential for the early establishment of the domestic asset tokenization market in South Korea. According to the "BOK Issue Note: Current Status and Future Policy Tasks of Domestic and International Asset Tokenization" published by the Bank of Korea on May 14, the cumulative size of fractional investments in South Korea reached approximately 640 billion won as of January. The global asset tokenization market was valued at $50.37 billi May 14, 2026

South Korea Launches First Seasonal Management System for Algal Blooms The South Korean government is implementing its first seasonal management system for algal blooms, treating the issue as a seasonal disaster. This initiative aims to shift from reactive measures to proactive management of pollution sources and water flow before algal blooms occur. The Ministry of Climate, Energy and Environment announced on May 14 that the "First Seasonal Management System for Algal Blooms" will be in effect from May 15 to October 15, spanning five months. Algal blooms have bee May 14, 2026

Tax Corrections for Year-End Settlement Due by June 1 Taxpayers who made errors in applying deductions during the year-end settlement can correct these mistakes without incurring penalties by filing their comprehensive income tax returns by June 1. The National Tax Service announced on May 14 that individuals can amend any missed or incorrectly applied deductions during the comprehensive income tax filing period, which runs from May 1 to June 1. If a taxpayer omitted deductions during the year-end settlement, they can still claim these de May 14, 2026

New Commemorative Coins Featuring Korea's Tidal Flats and Bangudae Petroglyphs Available for Pre-Order in June The Bank of Korea will issue two commemorative coins to celebrate the 48th session of the UNESCO World Heritage Committee being held domestically. On May 14, the bank announced it will release one silver coin and one nickel-brass coin to enhance Korea's international standing and increase interest in its natural and cultural heritage. The silver coin has a face value of 70,000 won, with a diameter of 32.0 mm and a weight of 14 grams, made of 99.9% pure silver. The nickel-brass coin has May 14, 2026

Ruling Party: AI National Dividend Proposal Not Ready for Discussion The Democratic Party of Korea stated that the proposal for an AI national dividend, mentioned by Kim Yong-beom, head of the Blue House policy office, on May 12, is "not ready for discussion." After a meeting of the party's floor leadership, spokesperson Lee Joo-hee told reporters at the National Assembly, "We will provide our position once it is organized." Earlier, Kim posted on Facebook, stating, "The key question of the AI era is not merely about growth rates, but how to socially reco May 14, 2026