Lee Jae-Yong's Moment: Samsung Must Make a Decision The history of a company is recorded in numbers, but its fate ultimately hinges on choices. This conclusion aligns with my research on entrepreneurship. Companies do not grow solely through strategy; they leap forward through decisions. Strategies can be adjusted at any time, but decisions change the direction. These decisions are always made amidst incomplete information. The ability to manage that uncertainty is the essence of entrepreneurship. From this perspective, the recent news that Lee May 9, 2026

Samsung Compliance Chief Lee Chan-hee: 'Compliance is a Business Insurance' Business growth begins with speed, but sustainability is achieved through principles. Lee Chan-hee, chairman of the Samsung Compliance Committee and president of the Korea Scout Association, addressed the core challenges facing the South Korean economy and society with the concept of 'balance.' He diagnosed that any organization cannot endure if the balance between growth and compliance, competition and responsibility, and technology and humanity is disrupted. As South Korean companies enter a p May 9, 2026

U.S. April Jobs Report Exceeds Expectations with 115,000 New Nonfarm Jobs The U.S. jobs report for April has significantly exceeded market expectations. As concerns about a recession ease, the timing for potential interest rate cuts by the Federal Reserve may also be reconsidered. The U.S. Department of Labor reported on May 8 that nonfarm employment increased by 115,000 jobs last month, far surpassing Dow Jones' forecast of 55,000 new jobs. The unemployment rate remained steady at 4.3%. Employment in sectors such as healthcare, transportation and warehousin May 8, 2026

HMM Approves Relocation of Headquarters from Seoul to Busan HMM Approves Relocation of Headquarters from Seoul to Busan HMM held an extraordinary shareholders' meeting on May 8 and approved a change to its articles of incorporation to relocate its headquarters from Seoul to Busan. The company plans to first move the CEO's office to Busan and then gradually consider relocating other organizational functions. The meeting took place at Park One Tower in Yeouido, Seoul, where HMM CEO Choi Won-hyuk stated, "As a leading national shipping company, we May 8, 2026

BHC Expands into Vietnam's Chicken Market with Master Franchise Agreement South Korea's leading fried chicken brand is targeting the Vietnamese market. BHC has officially announced its entry through a master franchise agreement, while earlier this year, domestic venture capital firm The Ventures acquired a stake in Chicken Plus to accelerate local expansion. According to reports from Vietnamese media, including Tuoi Tre, BHC's parent company, Dining Brands Group, signed a master franchise agreement with Singapore-based Hao Open Food last month, marking its first May 8, 2026

Over 2.94 million apply for first round of high oil price relief payments More than 2.94 million people applied for the first round of the high oil price relief payments, with total disbursements amounting to 1.67 trillion won. The Ministry of the Interior and Safety announced on May 8 that as of 6 p.m. that day, 2,944,073 individuals had applied for the relief payments nationwide. The highest application rate was in Jeollanam-do at 93.6%, followed by Seoul (92.9%), Jeju (92.9%), and Busan (92.7%). Most regions recorded application rates above 90%, but Gye May 8, 2026

Korean Performance Captivates Audience at Venice Biennale Taiwan Pavilion "Bravo!" During the opening of the Taiwan Pavilion at the Venice Biennale on May 7, the performance titled "She seemed devastated, when I was weeping with joy" captivated the audience, drawing enthusiastic applause. The performance featured South Korean artist Hong Eun-joo and performer Kim Yi-soo, who presented a 30-minute act as part of the exhibition "Screen Melancholy: Li Yi-Pan," curated by Raphael Fonseca. The event attracted over 200 attendees, exceeding the pavilion's capacit May 8, 2026

Busan Mayor Candidate Jeong Yi-han Begins Indefinite Hunger Strike Jeong Yi-han, the Reform Party's candidate for Busan mayor, has begun an indefinite hunger strike to protest his exclusion from a televised debate. In a statement released on May 8, Jeong said, "Despite meeting the legal requirements to participate in the TV debate, my legitimate rights have been completely blocked due to the unilateral exclusion by the broadcasting company. I want to express my protest by putting my body on the line." He criticized the situation, stating, "In the 2018 May 8, 2026

Jeju Air Accepts Unpaid Leave Applications Amid Rising Fuel Prices The airline industry is facing challenges due to soaring fuel prices, a consequence of the ongoing conflict in the Middle East, leading to a wave of unpaid leave measures. Following T'way Air, Jeju Air, the largest low-cost carrier (LCC) in South Korea by passenger numbers, has announced it will accept applications for unpaid leave. On May 8, Jeju Air stated it will accept unpaid leave applications from cabin crew members for one month. This decision is seen as a response to the reducti May 8, 2026

Clear Weekend Weather Expected Nationwide with Significant Temperature Variations On Saturday, May 9, clear weather is expected across the country. However, significant temperature variations are forecasted, particularly in inland areas, with morning lows around 13 degrees Celsius in Seoul. According to the Korea Meteorological Administration on May 8, morning low temperatures nationwide are expected to range from 4 to 11 degrees Celsius, while daytime highs will be between 19 and 25 degrees Celsius. The forecasted morning lows for major regions are as follows: △Seo May 8, 2026