Deputy Minister Emphasizes Need for Future Vehicle Parts Ecosystem On May 14, Deputy Minister Moon Shin-hak of the Ministry of Trade, Industry and Energy stated, "To maintain the competitiveness of our automotive industry in the era of future vehicles, establishing a robust parts ecosystem is essential." He added that a comprehensive support plan for the transition to future vehicle ecosystems will be prepared within the first half of the year to actively support the parts industry. During a joint public-private meeting on future vehicle transition hosted May 14, 2026

Coupang Launches Emergency Relief Program with Rocket Delivery Coupang announced on May 14 that it is launching an "Emergency Relief Coupang Hope Box" program to deliver relief supplies to disaster victims via its rocket delivery service during domestic disasters and emergencies. The company plans to stockpile 2,500 sets of emergency relief supplies at its fulfillment center in Sejong, ready for immediate dispatch in the event of a disaster. This number was determined based on the patterns of domestic disasters, the annual number of disaster victi May 14, 2026

Jung Won-oh Denies Assault Allegations, Accuses Opponents of Fabrication Jung Won-oh, the Democratic Party's candidate for Seoul Mayor, stated that a 31-year-old assault case is indeed related to the May 18 Democratic Uprising, asserting, "This is also reflected in the court ruling." He announced plans to respond legally against the People Power Party, which has raised allegations of false explanations regarding the incident. Speaking at a forum hosted by the Editors' Association in Seoul's Jung-gu on the morning of May 14, Jung claimed that the repeated discl May 14, 2026

Gasoline and Diesel Consumption Drops 3% and 8% Following Price Cap Implementation 정부가 석유제품 최고가격제를 시행 중인 가운데 제도 시행 이후 휘발유와 경유 소비량이 각각 3%, 8% 감소한 것으로 나타났다. 양기욱 산업통상부 산업자원안보실장은 14일 중동전쟁 대응본부 일일브리핑을 통해 "석유제품 소비량은 3월 소폭 상승했지만 4월과 5월 1~2주 모두 하락세를 나타냈다"며 "최고가격 시행 이후 9주간 휘발유와 경유 소비량도 감소 추세를 나타내고 있다"고 말했다. 산업부에 따르면 3월 휘발유 소비는 4% 증가한 반면 경유 소비는 1% 감소하면서 전체 소비량은 1% 증가했다. 4월은 May 14, 2026

Samsung Heavy Industries Secures $750.5 Million Contract for Two LNG Carriers Samsung Heavy Industries announced on May 14 that it has secured a contract worth 750.5 billion won ($750.5 million) for two liquefied natural gas (LNG) carriers from a shipping company in the Oceania region. This order, along with the LNG-FSRU contract disclosed on May 4, underscores Samsung Heavy Industries' commitment to strengthening its competitiveness in the LNG value chain lineup. Since the beginning of this year, Samsung Heavy Industries has been on a robust order streak, driven by May 14, 2026

AI Technology Dominates Agenda Ahead of Trump-Xi Meeting in Beijing Donald Trump and Xi Jinping are set to meet in Beijing, where the issue of artificial intelligence (AI) technology dominance has emerged as a key agenda item. As tensions rise over advanced semiconductor exports and the use of AI models, attention is focused on whether the two nations can establish communication channels regarding AI. Bloomberg reported on May 13 that while the AI agenda was relatively minor during last year’s U.S.-China summit in Busan, it is expected to be more prominent May 14, 2026

Trump Arrives in Beijing for Summit with Xi Jinping During his visit to China, President Donald Trump arrived at the Great Hall of the People in Beijing for a summit, where he was welcomed by Chinese President Xi Jinping. According to reports from AFP and other news agencies, Trump arrived at the venue around 10 a.m. local time, shaking hands with Xi before reviewing a guard of honor from the People's Liberation Army. Following the arrival ceremony, Trump is scheduled to hold talks with Xi at the Great Hall and participate in a dinne May 14, 2026

Japanese Kitchen Furniture Brand Faces Consumer Backlash Over Delayed Installations A Japanese kitchen furniture brand is facing criticism from domestic consumers for delaying construction despite receiving a substantial deposit. One consumer, referred to as A, stated, "I signed a contract in mid-January with a promise of completion, but the construction has been delayed for nearly four months."According to A's report on May 14, the domestic distributor of the Japanese system kitchen brand Cleanup Kitchen has not completed the installation despite receiving a deposit of 60 mill May 14, 2026

Huawei Hosts ICT Talent Development Event in Jakarta Huawei has launched initiatives to enhance ICT talent development in the Asia-Pacific region by hosting the 10th Huawei ICT Competition APAC finals and awards ceremony at the ASEAN headquarters in Jakarta. According to Huawei, over 8,600 students from 14 countries and regions, including South Korea, participated in this year's competition. Students showcased their ICT skills in practical and innovation categories, which included cloud, network, and computing tracks. After several selection May 14, 2026

U.S. and China Discuss Lowering Trade Barriers on Non-Sensitive Goods The United States and China are discussing ways to lower trade barriers, focusing on non-sensitive goods. Instead of pressuring China to change its state-led, export-driven economic model, the two countries are looking to manage trade volumes by identifying specific items they can sell to each other. While sensitive technologies will remain restricted, there are attempts to revive trade in energy, agricultural products, and some consumer goods. According to Reuters on May 13, U.S. Presiden May 14, 2026