Jeon Hyun-hee Appointed Head of Seoul Campaign for Local Elections The Democratic Party announced the appointment of Jeon Hyun-hee, a former Supreme Council member, as the head of its Seoul campaign committee under the central election committee for the upcoming June 3 local elections. Jeon, who currently serves as the chief campaign officer for the party's Seoul mayoral candidate Jeong Won-o, will oversee election strategies and organizational operations across Seoul following her appointment on May 11. In her remarks, Jeon stated, "Seoul is the site o May 11, 2026

SK Innovation to Foster Startups Addressing Energy and Social Issues Using AI SK Innovation is launching an initiative to support startups that address energy and social issues, guided by the management philosophy of SK Chairman Chey Tae-won, which emphasizes the pursuit of both economic and social value. The program will leverage artificial intelligence technology. On May 11, SK Innovation announced the recruitment of participants for its new social contribution program, 'AI Impact Solution.' This initiative aims to discover and nurture startup teams that develop A May 11, 2026

Shinhan Investment Raises Target Price for Kolmar Korea Amid Strong Growth Shinhan Investment Corp. announced on May 11 that it has raised its target price for Kolmar Korea from 95,000 won to 123,000 won, citing robust growth driven by strong skincare export performance from its Korean subsidiary. The investment opinion remains at 'buy.' Park Hyun-jin, an analyst at Shinhan Investment, noted, "The strong demand for skincare exports from the Korean subsidiary is enhancing profit leverage," adding that the consolidated operating profit for the first quarter reache May 11, 2026

KOSPI Hits Record Highs as Derivatives Investments Surge ◆Ajou Economic Major News ▷"Don't Miss the Bull Market"... Derivatives Deposits Double This Year, 'Debt Investment' Reaches All-Time High - As the KOSPI continues to set record highs, investments in derivatives, margin loans, and investor deposits have all surged to unprecedented levels, indicating a significant increase in 'long' investments betting on further gains. - As of May 7, the total deposits for derivatives trading reached 38.2567 trillion won, May 11, 2026

Shinhan Securities Raises Lotte Wellfood's Target Price by 14% Amid Overseas Growth Shinhan Investment Corp. announced on May 11 that it has raised its target price for Lotte Wellfood from 140,000 won to 160,000 won, an increase of 14%, while maintaining its investment rating at 'Buy.' This adjustment is attributed to the company's improving performance driven by growth in overseas sales and cost efficiency in South Korea. Analyst Jo Sang-hoon from Shinhan Investment noted, "Despite ongoing cost pressures, Lotte Wellfood achieved surprising results in the first quarter due to May 11, 2026

Trump Calls Iran's Response to U.S. Peace Proposal Unacceptable On May 10, U.S. President Donald Trump stated that Iran's response to America's peace proposal was unacceptable. According to Yonhap News, Trump shared on social media platform Truth Social, "I just read the response from Iran's so-called 'representatives.' I do not like it. It is completely unacceptable." Earlier, the United States had sent a proposal to Iran aimed at achieving peace. On May 8, Trump mentioned during a meeting with reporters at the White House, "I will probably rece May 11, 2026

Foreign Tourists Shift Spending to Local Pharmacies in South Korea On May 4, tourists from Japan at a pharmacy in Myeongdong were seen carrying bags emblazoned with the pharmacy's name instead of luxury shopping bags. Inside their bags were acne scar treatment ointments, skin regeneration creams, and high-potency vitamins. They stated, "We came after seeing reviews on TikTok and other social media that Korean pharmacies offer great value and effective health products," adding, "Unlike regular cosmetic stores, we can show our skin condition to the pharmac May 11, 2026

Hyundai to Integrate LG OLED Monitors into Racing Simulator LG Electronics is expanding the use of its OLED monitors to include racing simulators that provide a realistic driving experience in virtual environments.On May 11, LG Electronics announced that it is supplying OLED monitors for the Hyundai N Racing Simulator, which showcases the high-performance driving experience of Hyundai's N brand.The Hyundai N Racing Simulator is available in two models: Pro and Racer. The Pro model features a 65-inch LG OLED Pro Monitor, while the Racer model is equipped May 11, 2026

Trump and Xi to Hold Summit in Beijing on May 14; Trade Talks Set for May 13 in South Korea U.S. President Donald Trump and Chinese President Xi Jinping will hold a summit in Beijing on the morning of May 14, local time. According to a report by AFP on May 10, White House Deputy Press Secretary Anna Kelly announced during a phone briefing that the two leaders will meet in Beijing. Trump is scheduled to arrive in Beijing on the evening of May 13. The following morning, a welcome ceremony and a bilateral meeting with Xi will take place, followed by a visit to Tian Tan Park and a May 11, 2026

Bitcoin Surpasses $82,000 as Altcoins Gain Momentum Major cryptocurrencies, including Bitcoin, are experiencing a significant rise in prices. This increase is attributed to easing tensions in the Middle East and a renewed appetite for riskier assets, which has improved investor sentiment. According to CoinMarketCap, Bitcoin was trading at $82,145 as of 8 a.m. on May 11, reflecting a 1.36% increase from the previous day. The price of Ethereum also rose by 1.59%, reaching $2,377. Binance Coin (BNB), Solana, and Ripple (XRP) saw increases of 2. May 11, 2026