Rebidding for Yebyeol Insurance This Month as Heungkuk Fire Insurance Considers Bidding Yebyeol Insurance (formerly MG Insurance) may undergo a rebidding process this month, with Heungkuk Fire Insurance reportedly considering participation. The previous bidding failed due to a lack of competition, as only Korea Investment Holdings submitted a bid. If Heungkuk Fire Insurance enters the bidding, it could alter the dynamics of the sale. As of May 7, financial sources indicate that Heungkuk Fire Insurance is internally evaluating its potential involvement in the rebidding. The Ko May 7, 2026

SK Telecom Shifts Focus to High-Value Subscribers to Regain Market Share SK Telecom (SKT) announced its strategy to focus on acquiring high-value subscribers to recover market share. On May 7, Baek Byung-chan, head of SKT's Mobile Network Operations, stated during a first-quarter earnings conference call, "We will avoid the wasteful competition of simply increasing subscriber numbers and instead concentrate on securing high-LTV subscribers to balance profitability and market share." He added that the company plans to enhance its sales channel competitiveness a May 7, 2026

May Theatrical Releases Feature Diverse Genre Films May will see a surge of genre films in theaters, ranging from horror comedies to zombie thrillers and sci-fi adventures. Audiences can expect a mix of fear, laughter, survival narratives, and expansions of global franchises. The first notable release is 'Teaching Practicum,' debuting on May 13. This high school horror comedy follows enthusiastic trainee teacher Eun-kyung as she faces a supernatural exam against a ghost. Directed by Kim Min-ha, known for 'Amoeba Girls and School Ghost St May 7, 2026

NIS: North Korea's Constitution Affirms Two States but Reduces Hostility The National Intelligence Service (NIS) reported on May 7 that North Korea's constitutional amendments clarify the existence of two states but significantly reduce hostility towards South Korea. After a meeting of the National Assembly's Intelligence Committee, ruling party lawmaker Park Sun-won stated that the NIS provided an assessment of the new constitution. According to Park, the NIS noted that while the new constitution establishes a territorial clause stating that North Kor May 7, 2026

Daiso Becomes New Hub for 'Phone Number Fishing' Incidents The practice of 'phone number fishing,' previously common in nightlife areas, is reportedly spreading to discount stores like Daiso, sparking controversy. According to a report by Newsis, an online community post described an incident where a woman, referred to as A, was approached by a man asking for her phone number while she was shopping at Daiso. The man commented on her skin and insisted that he liked her style before requesting her number. A expressed her discomfort and decline May 7, 2026

KAI Reports Record Sales of 1.09 Trillion Won in Q1, Driven by Aircraft Exports Korea Aerospace Industries (KAI) achieved record sales of 1.09 trillion won in the first quarter of 2026, fueled by increased aircraft exports. The growth in domestic system development and overseas aircraft sales is expected to continue. KAI reported on May 6 that its consolidated revenue for Q1 reached 1.09 trillion won, with operating profit at 671 billion won and net profit at 413 billion won. These figures represent increases of 56.3% in revenue, 43.4% in operating profit, and 41.7% in May 7, 2026

Jung Jin-seok Withdraws Candidacy for By-Election, Vows to Serve Party Jung Jin-seok, a former Deputy Speaker of the National Assembly, announced on May 7 that he is withdrawing his candidacy for the by-election in Chungnam's Gongju, Buyeo, and Cheongyang districts. He stated, "I will return to being an unnamed party member and serve the party from a humble position."In a Facebook post, he expressed concern that his candidacy could harm party unity or weaken the momentum needed to counter the dominance of major powers. He said, "While I am in pain, the party is suf May 7, 2026

Lotte Cinema Hosts Special Movie Screening for Children with Rare Diseases Lotte Cinema and Mindullemaum organized a special movie screening for children with severe rare diseases and their families. On May 6, Lotte Cinema World Tower hosted a 'Spring Outing Screening' for these children and their families. The event aimed to provide a cultural experience for children who find it difficult to visit theaters due to long-term illnesses and to offer families a brief respite from caregiving duties.Excitement filled the venue as children visited the cinema for the first tim May 7, 2026

Demand for 'Mirinae House' Grows Amid Housing Challenges for Newlyweds As high prices and rental shortages strain newlyweds, demand for Seoul's long-term rental housing program, 'Mirinae House,' is surging. The initiative allows for partial deposit payments, easing financial burdens and increasing accessibility to private brand apartments. From May 6 to 8, the Seoul Metropolitan Government and the Seoul Housing and Communities Corporation (SH) are recruiting residents for the seventh round of 'Mirinae House' (Long-term Rental Housing II), offering 441 units. May 7, 2026

CJ OnStyle Reports Q1 Operating Profit of 23.9 Billion Won Amid Mobile Investment CJ OnStyle's operating profit fell to 23.9 billion won in the first quarter of this year, a 7.6% decrease from the same period last year, due to increased investments aimed at enhancing mobile competitiveness. However, the company reported a 4.5% rise in revenue to 378.5 billion won, driven by a significant increase in mobile live commerce and improved app user metrics.Mobile live commerce sales surged by 137% year-on-year, fueled by content expansion through short-form videos and influencers, w May 7, 2026