Weather Forecast: Early Summer Heat with Showers Expected in Gwangju and Jeonnam On Thursday, May 14, daytime temperatures are expected to reach a high of 31 degrees Celsius, signaling an early onset of summer weather.According to the Korea Meteorological Administration on May 13, the weather across the country will generally be clear, although some areas in the southern regions may see increased cloud cover in the afternoon. The heat is expected to spread across most inland areas, with temperature differences between day and night reaching around 15 degrees Celsius.Morning May 13, 2026

The Strategic Importance of the Strait of Hormuz, Malacca, and Taiwan Strait The recent conflict in the Middle East has raised concerns about the potential blockade and toll collection in the Strait of Hormuz, prompting renewed attention from the international community on the strategic significance of this and other straits. Issues related to the Strait of Hormuz are closely linked to other international straits and choke points. The United Nations Convention on the Law of the Sea, adopted in 1982, expanded the territorial sea limit from 3 nautical miles to 12 na May 13, 2026

Lotte Department Store Expands VIP Experience with Culinary Tours and Luxury Content Lotte Department Store is evolving its VIP membership program from a focus on point accumulation to a "lifestyle curation" model. The revamped AvenueL program aims to enhance the experiences of its top-tier customers by expanding exclusive travel, fine dining, and unique cultural events. On May 13, Lotte Department Store announced the transition from the existing "AvenueL Points" system to "AvenueL Curation," which will strengthen content-focused VIP services. AvenueL Curation allow May 13, 2026

Com2us Holdings Reports Increased Losses in Q1 Due to Declining Game Revenue Com2us Holdings reported disappointing results for the first quarter, attributing the decline to reduced revenue from its games. The company aims to revitalize its performance by placing its two-year-old title, 'Soul Strike,' on a long-term success trajectory and launching over ten new titles in the second half of the year. On May 13, Com2us Holdings disclosed that its consolidated revenue for the first quarter of 2026 fell 26.1% year-on-year to 17.1 billion won. The operating loss increa May 13, 2026

Trusstone Asset Management CEO Lee Sung-won: Capital Reallocation Key to Korea's Value Enhancement As South Korea's stock market approaches the KOSPI 8000 mark, the demand for improved corporate governance has intensified. Despite the government's value enhancement program gaining traction, some companies' closed management styles and low shareholder returns continue to hinder the Korean capital market. Lee Sung-won, CEO of Trusstone Asset Management, has been vocal about the need for corporate reform from the frontlines of the capital market. A former journalist turned CEO, Lee is rec May 13, 2026

Trusstone Asset Management Aims to Evolve into Comprehensive Investment Firm Lee Sung-won, CEO of Trusstone Asset Management, is recognized as an expert in corporate governance and activism in the capital markets. However, his vision for Trusstone extends far beyond this reputation. He explains that the shareholder engagement activities known in the market represent only a fraction of the approximately 30 trillion won in assets managed by Trusstone. His broader vision is to transform Trusstone into a 'comprehensive asset management house.' Recently, Trusstone has May 13, 2026

SK Innovation Reports $1.6 Billion Operating Profit in Q1 Amid Rising Oil Prices SK Innovation reported a return to profitability in the first quarter, driven by increased inventory-related profits amid soaring oil prices due to conflicts in the Middle East. In a disclosure on May 13, SK Innovation announced that it achieved revenues of 24.2 trillion won (approximately $18.3 billion) and an operating profit of 2.16 trillion won (about $1.6 billion) for the first quarter. These figures represent increases of 4.54 trillion won and 1.87 trillion won, respectively, compare May 13, 2026

Kakao Mobility Clarifies Nasdaq Listing Speculation, Exploring Various Investment Options Kakao Mobility has addressed speculation regarding its potential listing on the Nasdaq, stating it is currently in discussions with multiple potential investors and buyers about various options. On May 13, Kakao Mobility responded to reports suggesting it is undergoing a re-audit in preparation for a U.S. initial public offering (IPO), clarifying that it is exploring a range of options beyond just an IPO or a one-time sale. Earlier, Herald Economy reported that Kakao Mobility is conduc May 13, 2026

Ildong Foodis Launches High-Myun Products at Musinsa Megastore in Seongsu Ildong Foodis announced on May 13 that it has begun selling its High-Myun products at the Musinsa Megastore in Seongsu, targeting the 2030 demographic and foreign tourists as part of its strategy to expand its offline presence. The Musinsa Megastore in Seongsu is a multi-level shopping space spanning approximately 2,000 square meters, featuring fashion and beauty brands alongside experiential content areas and food and beverage facilities. Ildong Foodis is showcasing a total of 11 produc May 13, 2026

CJ Foodville Launches Cold Noodle Menu with Regional Delicacies CJ Foodville's Jeil Jemyunso is kicking off the summer season by launching its cold noodle menu. This year, the restaurant has expanded its offerings to include regional delicacies as side dishes. On May 13, Jeil Jemyunso announced that it will begin selling its summer-exclusive 'Jeil Mul Naengmyeon' (cold noodles in broth) and 'Jeil Bibim Naengmyeon' (spicy cold noodles) starting May 14. 'Jeil Mul Naengmyeon' features chewy noodles served in a chilled broth with ice flakes, while 'Jeil May 13, 2026