Supreme Court Confirms 3-Year Sentence for Legal Broker Linked to Geonjin Beopsa A legal broker linked to Geonjin Beopsa, Lee Mo, has received a confirmed three-year prison sentence. This marks the first case in which the Supreme Court has finalized a sentence related to the special investigation team (involving insurrection, Kim Geon-hee, and deceased Marines). According to Yonhap News on May 11, the Supreme Court's first division, led by Justice Seo Kyung-hwan, upheld the original ruling that sentenced Lee to three years in prison and imposed a fine of 400 million May 11, 2026

IBK Industrial Bank Receives Presidential Award for Family Policy Contributions IBK Industrial Bank announced on May 11 that it received a Presidential Award for Family Policy Contributions at the '2026 Family Month Commemoration Ceremony' hosted by the Ministry of Gender Equality and Family.This award recognizes the bank's ongoing social contribution efforts benefiting 2.87 million marginalized individuals, including small business workers and vulnerable youth.The award cited the bank's diverse social contribution activities, ranging from basic living support to childcare May 11, 2026

Hana Bank and Technology Guarantee Fund Support SMEs with 65.7 Billion Won for Succession and M&A Seo Yoo-seok, Deputy Head of Hana Bank's Corporate Group (right), and Lee Sang-chang, Director of the Technology Guarantee Fund, pose for a photo during the 'Financial Support Agreement for Business Succession and M&A for SMEs' held on May 7. Hana Bank is set to provide financial support to small and medium-sized enterprises (SMEs) engaged in business succession and mergers and acquisitions (M&A). On May 11, Hana Bank announced that it has signed a 'Financial Support Agreeme May 11, 2026

JPMorgan Predicts KOSPI Could Reach 10,000 Amid AI Momentum Global investment bank JPMorgan has expressed optimism about the South Korean stock market, citing the expansion of artificial intelligence (AI) investments and a strong memory chip market. The bank raised its KOSPI target, suggesting the possibility of a "10,000-point era" for the index. On May 11, JPMorgan released its "Korea Equity Strategy" report, adjusting its target scenarios for the KOSPI to 9,000, 10,000, and 6,000 points for basic, bullish, and bearish scenarios, respectively, a May 11, 2026

Samsung C&T Shares Surge Over 7% on Rising Value of Samsung Electronics Stake Samsung C&T shares experienced a significant increase of over 7% during trading on expectations of rising value from its stake in Samsung Electronics and potential contracts in the nuclear power sector. According to the Korea Exchange, as of 2:04 PM, Samsung C&T shares were trading at 454,500 won, up 32,000 won (7.57%) from the previous trading day. Earlier, analysts adjusted their target prices for Samsung C&T, citing the increased value of its Samsung Electronics stake, along with impr May 11, 2026

BBQ Opens First Store in Almaty, Kazakhstan, Expanding into Central Asia Genesis BBQ has opened its first store in Almaty, Kazakhstan, marking its entry into the Central Asian market. This is the first time BBQ has expanded into this region. On May 11, BBQ announced the opening of its Mega Almaty location in the southern part of Almaty, the largest city in Kazakhstan, within the MEGA Alma-Ata shopping mall. The store covers approximately 78 square meters and is located on the second floor food court of the mall. It offers a variety of menu items, including Go May 11, 2026

Bibigo Booth Draws Attention at KCON Japan 2026 with Dumplings and Photo Ops CJ CheilJedang announced on May 11 that it participated in KCON JAPAN 2026, held from May 8 to 10 at Makuhari Messe in Chiba, Japan, showcasing an interactive booth featuring its global K-food brand, Bibigo. The booth was themed around "Happy Bibigo Day" in collaboration with the K-pop group Zero Base One. It combined the group's signature blue color with the Bibigo brand image and featured a large cake installation that created a festive birthday party atmosphere, attracting the attentio May 11, 2026

Fire in Bucheon Apartment Claims Life of 39-Year-Old Man A fire broke out late at night in an apartment in Bucheon, South Korea, resulting in the death of a 39-year-old man. According to Yonhap News Agency, the fire was reported at 11:52 PM on May 10 at a five-story apartment building in the Goean-dong area of Bucheon. Firefighters responded with 94 personnel and 37 vehicles, managing to extinguish the blaze by 12:16 AM. The victim, identified as A, was found in cardiac arrest inside his apartment. He received CPR at the scene before being May 11, 2026

Government to Disburse Second Round of Support Payments Amid High Fuel Prices The government is set to provide a second round of support payments to alleviate the financial burden caused by high fuel prices. Approximately 36 million people in the bottom 70% income bracket will receive varying amounts of up to 250,000 won, depending on their region. On May 11, the government held a joint briefing at the Government Seoul Building to announce the details. Applications will be accepted from May 18 to July 3. The support payments will differ by region: 100,000 won for May 11, 2026

Trump Suggests Possible Military Action Against Iran Amid Stalled Peace Talks As U.S.-Iran peace negotiations face renewed challenges, President Donald Trump has hinted at the possibility of further military operations in Iran. In an interview with the U.S. news program "Full Measure" aired on May 10, Trump stated, "We can go in for another two weeks and attack all the targets in Iran." He noted that while about 70% of the specific targets they aimed for have been addressed, there are still other targets available for attack. He added, "Even if we don’t do that, i May 11, 2026