Solum to Participate in Qatar Electricity Authority EV Charger Pilot Project Solum has taken its first step into the Middle Eastern public charging infrastructure market by participating in a pilot project for electric vehicle (EV) chargers with the Qatar Electricity Authority. On May 11, Solum announced that it secured a contract on April 12 to implement the EV charger pilot project in collaboration with Chaevi, targeting the public sector of the Qatar Electricity Authority. Solum will supply one Chaevi third-generation 180kW fast charger utilizing its 30kW power May 12, 2026

POSCO Faces Major Labor Crisis as First Strike Looms in 58 Years POSCO is facing its first strike threat in 58 years as tensions over the direct hiring of subcontractor employees escalate to the primary contractor level. This situation tests the crisis management skills of Jang In-hwa, chairman of the POSCO Group, in his final year of tenure. According to industry sources on May 11, some employees from subcontractors at POSCO's Pohang and Gwangyang steelworks have refused to report to work, disrupting operations. The affected employees include those from May 11, 2026

Major Shakeup in KOSPI Market as 17 of Top 20 Stocks Change There has been a significant shift in the rankings of the top stocks by market capitalization on the KOSPI. Despite geopolitical risks stemming from the Middle East, leading semiconductor companies have maintained their positions based on solid fundamentals, while stocks in the robotics and shipbuilding sectors have surged. In contrast, power equipment stocks, which saw a sharp rise last month, have faced profit-taking, causing them to drop in the rankings. According to the Korea Exchange May 11, 2026

KOSPI Hits Record High Amid Semiconductor Surge, Deepening 'K-Shaped' Market The KOSPI has once again reached an all-time high, driven by a rally in major semiconductor stocks, particularly Samsung Electronics and SK Hynix, as the index approaches the 7,900 mark. However, the surge is concentrated on these two large-cap semiconductor companies, exacerbating the 'K-shaped' market phenomenon where performance varies significantly among different sectors. On this day, the KOSPI closed at 7,822.24, marking a record high with an increase of 324.24 points (4.32%) from May 11, 2026

Government Sells NXC Shares for 1 Trillion Won to Stabilize Currency and Bond Markets The South Korean government has sold part of its NXC shares, which it had held for three years, at a price higher than the book value to stabilize the currency and secure non-tax revenue. Koo Yun-cheol, Deputy Prime Minister and Minister of Economy and Finance, announced this during a press conference at the Government Sejong Center on May 11. The shares were sold at 555,800 won each, exceeding the book value of 553,400 won per share, reducing the government's stake from 30.6% to 25.7%. May 11, 2026

Summer Delights: Premium Bingsu at Luxury Hotels It is officially bingsu season. As the midday sun grows hotter, the craving for refreshing and sweet relief intensifies. Premium bingsu offerings from luxury hotels are making their debut, ready to satisfy weary palates. Despite tight budgets, the allure of 'small luxury' remains strong among the 2030 generation and foreign tourists. Hotel bingsu has transcended mere dessert status, becoming a culinary experience that provides a delightful escape from everyday life during the summer. May 11, 2026

Han Byeong-do: Democratic Party Did Not Disadvantage Kim Kwan-young Han Byeong-do, floor leader of the Democratic Party, stated on May 11 that "to realize physical AI and promote the development of Jeonbuk, a candidate from the ruling party must be elected." He firmly rejected claims by Kim Kwan-young, the former governor of Jeonbuk who was expelled from the party over allegations of distributing money envelopes, that he faced disadvantages from the Democratic Party, saying, "That is absolutely not the case." During a press conference held in Jeonbuk, Han May 11, 2026

Special Prosecutor's Office Marks 75 Days of Investigation with Limited Progress The second comprehensive special prosecutor team, led by Kwon Chang-young, marked its 75th day of investigation on May 11. As the investigation period, set for a maximum of 150 days, reaches its halfway point, search and seizure operations and witness interrogations continue. However, the team has yet to secure the detention of key suspects or move to the indictment stage. The special prosecutor is focusing on the investigation into the alleged conspiracy to commit murder for rebellion re May 11, 2026

How to Win Against Narcissists: New Book Offers Insights Safe Breakup with X = Written by Rebecca Jung, translated by Ko Young-hoon, published by Think Station. The author, an American lawyer and negotiation expert, has developed the "Safe Breakup Formula (SLAY Method)" to help individuals win against narcissists. A mixed-race individual of Chinese descent, he overcame childhood experiences of racism but later fell into despair after encountering a narcissistic business partner. This experience led him to delve deeply into the nature of narciss May 11, 2026

People Power Party Launches Election Campaign in Ulsan, Targets Yeongnam Region People Power Party held a campaign launch event in Ulsan on May 11, aiming to secure votes in the Yeongnam region. The party called for overwhelming support for its Ulsan mayoral candidate Kim Du-gyeom and National Assembly candidate Kim Tae-kyu while also countering Democratic Party candidate Kim Sang-wook, who switched parties after leaving People Power Party.At the event, Jang Dong-hyuk, the party leader, stated, "This local election is a war to protect Ulsan and South Korea. I urge you to ju May 11, 2026