LS Cable & System and Korea Electric Power Technology Collaborate on Floating Offshore Wind Power LS Cable & System is partnering with Korea Electric Power Technology to secure a foothold in the floating offshore wind power market. The collaboration aims to enhance competitiveness from the initial design phase by integrating submarine cable technology with power system design capabilities. On May 11, LS Cable & System announced it has signed a memorandum of understanding (MOU) with Korea Electric Power Technology for cooperation in floating offshore wind power. The agreement focuses May 11, 2026

Comedian Yang Sang-guk Faces Criticism for Attitude on TV Show Comedian Yang Sang-guk is once again under fire for his attitude during a recent broadcast. In the latest episode of tvN's "Amazing Saturday," Yang appeared in his alter ego character, Sang-pil. When fellow cast member Kim Hae-jun mentioned a two-letter initial hint, Yang insisted on sticking to a one-letter hint. He stated, "I think one letter would be fine. Two initials seem too easy, and one letter might spark more conversation." Kim Hae-jun responded, "Wouldn't two initials be a bit May 11, 2026

KOSPI Surges Past 7800 Mark as Samsung and SK Hynix Lead Gains The KOSPI continues its upward trend, surpassing the 7800 mark shortly after the market opened and consistently breaking previous records. The index is being driven by strong performances from semiconductor giants Samsung Electronics and SK Hynix. According to the Korea Exchange, as of 9:09 a.m., the KOSPI was up 307.33 points (4.10%) at 7805.33. The index started at 7775.31, an increase of 277.31 points (3.70%) from the previous trading day, and has continued to rise. In the securities May 11, 2026

US-Iran Negotiation Uncertainty Leads to Drop in Won-Dollar Exchange Rate Despite growing uncertainty surrounding negotiations between the United States and Iran, the won-dollar exchange rate opened lower. On May 11, in the Seoul foreign exchange market, the exchange rate for the Korean won against the US dollar was trading at 1,467.9 won as of 9:15 a.m. The rate opened at 1,466.0 won, down 5.7 won, and has shown a steady trend since. On May 11 (local time), Iran delivered a proposal to the US through Pakistan, the mediator, which included an immediate cease May 11, 2026

Trump Rejects Iran's Peace Proposal, Oil Prices Surge Over 3% Donald Trump, the President of the United States, stated that he cannot accept Iran's response to the U.S. peace proposal, leading to a decline in U.S. stock index futures and a surge in international oil prices. According to Bloomberg, as of 9:18 a.m. KST on May 11, Brent crude oil rose by 3.46% to $104.79 per barrel. West Texas Intermediate (WTI) crude also increased by 3.48%, reaching $98.74 per barrel. This spike in oil prices was triggered by Trump's public rejection of Iran's respon May 11, 2026

South Korea's Early May Exports Surge 43.7% to Record $18.4 Billion Amid Rising Energy Imports South Korea's exports surged 43.7% in early May compared to the previous year, driven by strong semiconductor sales. The total export value reached $18.434 billion, marking the highest level for the month of May. Exports of related products, such as computer peripherals, also showed significant growth. However, the ongoing conflict in the Middle East has led to an 8% increase in crude oil import costs. According to the Customs Office, the preliminary export figures for May 1-10 indicate a 4 May 11, 2026

Innocean Achieves Record Operating Profit in Q1 Driven by Film and World Cup Boost Innocean, the advertising affiliate of Hyundai Motor Group, reported its highest operating profit for the first quarter. Despite a contraction in the overall advertising market, the company saw growth driven by its expansion into the overseas film market and the World Cup. On May 11, Innocean announced that its first-quarter revenue reached 250.1 billion won, with an operating profit of 39.8 billion won and a net profit of 39.6 billion won. This represents increases of 7.7% in revenue, 33. May 11, 2026

Chunmoo Rocket System Secures Additional Export Deal with Estonia On May 11, the Korea Trade-Investment Promotion Agency (KOTRA) announced that it has signed a government-to-government (G2G) export contract with Estonia's Defense Investment Agency (ECDI) for the additional supply of the Chunmoo multiple launch rocket system. Under this contract, Hanwha Aerospace is set to deliver three Chunmoo launchers and associated equipment to Estonia by the end of 2027. The Chunmoo is a wheeled multiple launch rocket system developed independently by South Korea. May 11, 2026

Hana Securities Maintains Target Price of 80,000 Won for Hankook Tire Amid Temporary Profit Decline Hana Securities reported on May 11 that Hankook Tire & Technology (Hankook Tire) is expected to experience a temporary decline in profitability due to rising raw material and shipping costs driven by increasing oil prices. However, the firm stated that the impact will not be significant and maintained its target price at 80,000 won with an investment recommendation of 'buy.' Song Seon-jae, a researcher at Hana Securities, noted, "Historically, we have seen a cycle of 'cost increase - prof May 11, 2026

Foreign Films Dominate Box Office After Holiday Weekend Despite the end of the holiday weekend, foreign films continued to perform strongly at the box office. During the weekend of May 8 to 10, "The Devil Wears Prada 2" and "Super Mario Galaxy" secured the top two spots, while the Korean horror film "Salmon" ranked third, maintaining its long-term success.According to the Korean Film Council's integrated ticketing system, "The Devil Wears Prada 2" was the top film of the weekend, attracting 195,514 viewers and bringing its total audience to 1,221,632 May 11, 2026