Winning Attitude Leads to Lottery Success: 314th Pension Lottery Results "I always think positively, and when I buy a lottery ticket, I believe, 'This time, something good will happen!'" On May 7, attention is focused on the results of the 314th Pension Lottery 720+, while stories of winners from the 291st round are trending. Recently, a winner shared their experience on the Donghaeng Lottery winners' board, stating, "I buy lottery tickets weekly as a hobby. I always think positively, and when I buy a ticket, I believe, 'This time, something good will happen!' May 7, 2026

People Power Party Nominates Cho Yang-deok for Jeonju Mayor The People Power Party's nomination committee announced on May 7 that it has recommended Cho Yang-deok as the sole candidate for the mayor of Jeonju. Park Deok-heum, the head of the committee, stated that Cho possesses extensive experience across academia, media, and the arts, making him a well-suited candidate for the position. In Gyeongnam, the planned primary for the Uiryeong, Ham-an, and Geochang county mayoral races has been canceled due to disagreements among candidates. The committee May 7, 2026

South Korea and Japan Hold First Deputy-Level Security Talks South Korea and Japan's senior officials discussed security cooperation on May 7 in Seoul. The meeting, the 14th Korea-Japan Security Policy Council, was attended by South Korea's First Deputy Foreign Minister Park Yoon-joo and Deputy Minister of National Defense Lee Doo-hee, along with Japan's Deputy Foreign Minister Takehiro Funakoshi and Defense Policy Director Koji Kano. This meeting marked a shift from previous director-level discussions to deputy-level talks.According to the Foreign Minist May 7, 2026

New Agricultural Land Law Mandates Leasing for Non-Operating Owners Owners of inherited or abandoned farmland must now lease their land to the Korea Rural Community Corporation under a new agricultural land law that has passed the National Assembly. Additionally, local governments are required to issue disposal orders for any violations of the Agricultural Land Law. According to the Ministry of Agriculture, Food and Rural Affairs, the revised law aims to support comprehensive land surveys and promote efficient land use. The amendment eliminates the m May 7, 2026

South Korea Establishes Arctic Route Committee to Boost Development The South Korean government is set to accelerate its Arctic route development initiative with the establishment of a new Arctic Route Committee under the Prime Minister's office, which will also focus on training professionals in related fields. On May 7, the Ministry of Oceans and Fisheries announced that three key bills—"Sustainable Coastal Fisheries Development Act," "Special Act on Promoting the Use of the Arctic Route and Supporting Related Industries," and amendments to the "Shipping May 7, 2026

Woori Bank Selected to Manage $886 Billion National Pension Fund's Foreign Assets Woori Bank has been selected as the preferred negotiator to manage the National Pension Service's (NPS) $886 billion in foreign assets. This decision, announced on May 7, reinforces Woori Bank's status as a leader in foreign exchange management after successfully holding the custody since August 2021. The NPS plans to finalize the contract with Woori Bank in June. If negotiations fail, they will engage with the next preferred candidate. The initial contract period is three years, with the possib May 7, 2026

Police Reapply for Arrest Warrant for Bang Si-hyuk After Prosecutor Rejection Police have refiled an arrest warrant for Bang Si-hyuk, chairman of HYBE, who is accused of deceiving investors into selling shares ahead of the company's IPO. This comes just six days after prosecutors rejected the initial warrant, citing insufficient justification for detention. According to reports on May 7, the Seoul Metropolitan Police's Financial Crime Investigation Unit submitted the warrant application on April 30, targeting Bang for fraudulent trading under the Capital Markets Ac May 7, 2026

Nikkei Hits Record High with 3,320-Point Surge Japan's stock market recorded its largest single-day gain on the first trading day after the Golden Week holiday. The Nikkei 225 index closed on May 7 at 62,833.84, up 3,320.72 points (5.58%), setting a new record. During trading, it briefly surpassed 63,000 for the first time. This increase exceeded the previous record gain of 3,217 points following the 'Black Monday' crash in August 2024. However, the percentage increase did not rank among the top 20 in history due to the high index leve May 7, 2026

Court Upholds Ruling Against Regulatory Sanction on MBC The Seoul High Court has upheld a lower court's ruling that deemed the Korea Communications Commission's (KCC) sanctions against MBC for citing a News Tapa interview as unjust. On May 7, the court ruled in favor of MBC in its lawsuit against the KCC, mirroring the earlier decision. This case stems from a 2021 interview where Kim Man-bae, a major shareholder of Hwacheon Daeyu Asset Management, claimed that Yoon Seok-yeol, then head of the Supreme Prosecutors' Office, had intervened in the May 7, 2026

Samsung Leads ETF Market with 93% Returns, LG and Hyundai Lag Behind In the ongoing rally toward the "dream 7000-point" mark, Samsung Group has solidified its dominance in the domestic exchange-traded fund (ETF) market, achieving over 93% returns since the beginning of the year. In contrast, major companies like Hyundai and LG have underperformed, contributing to a growing disparity in returns. According to the Korea Exchange, as of May 7, ETFs tracking major conglomerates (excluding bonds) have shown that Samsung-related products dominate the top returns. May 7, 2026