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

LG CNS Partners with KEPCO to Innovate Next-Generation Power Systems LG CNS announced on May 11 that it has secured a consulting project for the "Next-Generation Sales and Distribution System Information Strategy Plan (ISP)" for the Korea Electric Power Corporation (KEPCO). The sales and distribution system encompasses the "sales" area, which handles the entire customer service process, including electricity billing and collections for approximately 25 million customers, and the "distribution" area, which manages power facility operations, including design May 11, 2026

Shift in Japan's Stock Market Leadership: Semiconductors and Banks Rise Japan's stock market is witnessing a shift in leadership. Once dominated by automotive and telecommunications companies, the market is now being led by semiconductors, banks benefiting from rising interest rates, and general trading companies with resource interests, all of which are capitalizing on the growing demand for artificial intelligence (AI). On May 11, the Nikkei 225 index closed down 226.81 points (0.36%) at 62,486.84. The index opened at 63,203.44 and briefly rose to 63,385.0 May 11, 2026

Woori Bank Issues 300 Billion Won Green Bonds, Leading the Banking Sector Woori Bank has become the first commercial bank this year to issue Korean-style green bonds, accelerating its efforts in ESG finance. The bank raised a record 300 billion won, reinforcing its position as a leader in the green finance market. On May 11, Woori Bank announced that it issued a total of 300 billion won in Korean-style green bonds through the "Korean-style Green Bond Issuance Interest Support Program" organized by the Ministry of Climate, Energy, and Environment and the Korea E May 11, 2026

California Governor Newsom Announces Free Diaper Program for Low-Income Families California Governor Gavin Newsom, a prominent contender for the 2028 presidential election, has unveiled a free diaper program aimed at addressing rising living costs. The initiative will provide 400 diapers to each newborn, with a total of 40 million diapers to be distributed this year. This announcement comes in conjunction with Mother's Day on May 10, seen as a strategic move to engage mothers as voters. According to the Wall Street Journal, during the announcement on May 8, Newsom st May 11, 2026

Doosan Fuel Cell Shares Surge 12% on North American Data Center Demand Doosan Fuel Cell has seen its shares rise over 12% during trading, reaching an all-time high amid expectations of increased demand for data centers in North America. According to the Korea Exchange, as of 1:53 PM, Doosan Fuel Cell shares were trading at 97,000 won, up 10,700 won (12.40%) from the previous trading day. At one point, the stock peaked at 103,800 won, marking a record high. Analysts attribute the stock's rise to growing demand for phosphoric acid fuel cells (PAFC) aimed at N May 11, 2026

Controversy Erupts Over Inappropriate Subtitle on Lotte Giants' YouTube Channel A controversy has arisen over inappropriate subtitle editing on the official YouTube channel of the Busan Lotte Giants, 'Giants TV.' In response to the backlash, the production team has removed the problematic segment. On May 11, a video titled 'Responding to Park Se-woong's Strong Performance' was uploaded to the 'Giants TV' channel. In the video, a segment at 7 minutes and 9 seconds featured a uniform with the name of player Noh Jin-hyuk, accompanied by the subtitle 'Infinite May 11, 2026

Hanwha Ocean Shares Rise Over 3% Following Major Shipbuilding Contracts Hanwha Ocean's stock has surged by more than 3% as the company continues to secure large shipbuilding contracts from shipowners in Africa and Europe, reflecting positive investor sentiment. As of 1:46 PM on May 11, Hanwha Ocean shares were trading at 130,100 won, up 3.17% (4,000 won) from the previous trading day, according to the Korea Exchange. The company announced that it has secured a contract for one LNG carrier (LNGC) from a European shipowner, valued at approximately 363.2 bill May 11, 2026

Search Continues for Missing Elementary Student in Juwangsan National Park An 11-year-old elementary student has gone missing while hiking with his family in Juwangsan National Park in Cheongsong County, North Gyeongsang Province, prompting authorities to continue search efforts for a second day. According to Yonhap News on May 11, the boy, identified as A, was hiking with his family when he separated from them after visiting a temple in the park on the afternoon of May 10. He was last seen heading toward the summit. Concerned after A did not return for an extende May 11, 2026