Minister Park Hong-keun: National Strategy Must Align with Fiscal Policy as Budget Office Opens On May 11, Minister Park Hong-keun of the Budget Office stated that a long-term national strategy must be established to address structural challenges such as demographic changes, industrial transformation, regional disparities, and climate crises. He emphasized the need to integrate fiscal policy with these strategies to make them a reality. Minister Park made these remarks during the opening ceremony of the Budget Office and a public pledge event held at the Government Sejong Complex. May 11, 2026

132nd Anniversary of the Donghak Peasant Revolution Celebrated The Donghak Peasant Revolution, which championed the ideals of freedom and equality for all, marks its 132nd anniversary this year. On the morning of May 11, Minister of Culture, Sports and Tourism Choi Hwi-young read a written commemorative address from President Lee Jae-myung during the 132nd anniversary ceremony held at the National Museum of Korea. He stated, "Remembering and reviving the spirit of the Donghak Peasant Revolution is essential to establishing our identity." Minister Ch May 11, 2026

Transportation Ministry Investigates Allegations of Bid Rigging in Rest Area Operations The Ministry of Land, Infrastructure and Transport announced on May 11 that it has referred officials from the Korea Expressway Corporation (KEC) and the CEO of H&DE to law enforcement for investigation regarding the alleged leak of bid information related to the operation rights of rest areas. The ministry revealed on May 7 that its audit, which began in January, uncovered irregularities in profit distribution and favoritism in the bidding process for rest area operations, which contr May 11, 2026

Growing Need for Economic Cooperation with India: Developing Global Production and Export Hubs Amid increasing calls for enhanced economic cooperation with India, experts have suggested that India’s production base should be developed into a global production and export hub. They also emphasized the need for a sustainable cooperation framework between the two countries through a localization strategy for intermediate goods. On May 11, the Ministry of Trade held an expert meeting chaired by Minister Kim Jeong-kwan to discuss ways to expand economic cooperation with India. This meetin May 11, 2026

Hugel Expands Collaboration with Domestic Medical Professionals to Strengthen Market Leadership "We will create global standards of academic competitiveness and a sustainable industry culture based on deep trust with domestic medical professionals," said Jang Doo-hyun, CEO of Hugel, reaffirming the company's commitment to strengthening its market leadership. According to Hugel, the nationwide academic program 'H.E.L.F. ACT in Region' will be held four times this year, starting in Busan and continuing in Seoul, Incheon, and Daejeon. The first event, held on May 9 at the Signiel Ho May 11, 2026

Controversy Erupts Over Wine Substitution at Michelin-Starred Restaurant Mosu A controversy has arisen at the Michelin three-star fine dining restaurant Mosu, operated by Chef Ahn Seong-jae, regarding a wine substitution incident. Eun Dae-hwan, a sommelier formerly with the Ritz-Carlton Hotel, has shared his perspective on the matter. Recently, Eun posted a lengthy message on his social media account. He stated, "Today, Chef Ahn Seong-jae posted a more detailed explanation of the situation. I believe it aligns closely with the unofficial information I had heard, an May 11, 2026

People Power Party Criticizes Lee Over Ship Attack Response People Power Party officials criticized the Lee Jae-myung administration on May 11 for its lack of commitment to protecting citizens' safety and property in light of the recent attack on the HMM Namuho vessel in the Strait of Hormuz.During a Supreme Council meeting at the National Assembly, Jang Dong-hyuk, the party leader, stated, "Lee Jae-myung brought up fake news to attack Israel, yet remains silent after our ship was hit." He emphasized that Iran, which should have been included in the gove May 11, 2026

Investing Semiconductor Surplus into AI for Future Growth Kim Yong-beom, head of the Presidential Policy Office, highlighted the potential for unprecedented surplus tax revenue over the next two years, driven by the semiconductor boom. The expansion of industrial profits, particularly from Samsung Electronics and SK Hynix, is expected to lead to increased corporate taxes, higher income taxes from high-income workers, and a rise in trade surpluses, significantly enhancing financial capacity. He also pointed out the structural limitations of existing rev May 11, 2026

Lunit and Vuno Face Critical Year Amid Rapid Growth in Medical AI The medical artificial intelligence (AI) market is experiencing explosive growth, with industry leaders Lunit and Vuno facing a pivotal year to prove their performance. While the number of related approvals in the market has surged, concerns remain about the financial stability and international commercialization success of these frontrunners.According to data from the Ministry of Food and Drug Safety, the number of approvals, certifications, and notifications for AI-based software medical devic May 11, 2026

Jeong Cheong-rae: Gangwon Province Will Become a Leader in South Korea's New Era The Democratic Party emphasized on May 11 that "Gangwon Province will no longer be a periphery but will become a leading player in a new era for South Korea." At a field meeting of the Central Election Committee held in Chuncheon, Jeong Cheong-rae, the head of the committee, expressed confidence that voters would respond positively to the efforts of the Democratic Party and the Lee Jae-myung administration. He added, "We must establish local governments that work as effectively as Presid May 11, 2026