US Moves to Pursue Separate Digital Tariff-Free Deal as WTO Talks Stall WTO negotiations over whether to keep a moratorium on customs duties for e-commerce have remained deadlocked, and the United States plans to pursue a separate “digital tariff-free” arrangement with countries including South Korea and Japan, Reuters reported. Citing diplomats in Geneva, Reuters said on May 5 (local time) that there was little chance the standoff between the United States and Brazil and Turkey would be resolved ahead of a WTO General Council meeting in Geneva on May 6, and t May 6, 2026

Rep. Cho Jung-sik Enters Democratic Party Race for National Assembly Speaker Democratic Party lawmaker Cho Jung-sik on May 4 announced his bid to become speaker in the second half of the National Assembly term. Cho has highlighted his recent work as a special adviser for political affairs in President Lee Jae-myung’s government, aiming to consolidate support among pro-Lee lawmakers and distinguish himself from rival lawmakers Kim Tae-nyeon and Park Jie-won. Some analysts say Cho could gain an edge in the party’s internal contest, often treated as the decis May 6, 2026

Jensen Huang’s AI Security Stance Signals a New Government-Big Tech Pact Jensen Huang’s remarks were more than a CEO’s political view. They amounted to a signal of how governments and big tech may align in the AI era. Speaking recently at the Milken Global Conference in Los Angeles, he said he “fully trusts the government to use technology properly.” He also said he would not “stand in the way” of a country using technology to protect families. Those comments land in the middle of a debate roiling the U.S. tech sector: How far should AI companies go in meeting natio May 6, 2026

Foreign Films Lead Korea Box Office Over May Holiday as 'Super Mario Galaxy' Tops Charts Foreign films clearly dominated South Korea’s theaters over the May holiday. From May 3 to 5, “Super Mario Galaxy” and “The Devil Wears Prada 2” ranked No. 1 and No. 2 at the box office, while the long-running Korean film “Salmokji” followed at No. 3. According to the Korean Film Council’s integrated ticketing network, “Super Mario Galaxy” led the box office for May 3-5, drawing 283,287 moviegoers. Its cumulative audience reached 1,110,698. After passing 1 million admissions on its sevent May 6, 2026

Korea FTC Orders Concert Membership Refund, Cancellation Terms Revised South Korea’s competition watchdog has ordered changes to what it called unfair terms that limited refunds for paid performance memberships, including clauses that blocked annual-fee refunds after a single use of discount or early-ticket benefits. It also moved to fix terms that made it easy to join online but required cancellation only by phone. The Korea Fair Trade Commission said Tuesday it reviewed membership terms used by 19 venues and ticketing platforms, including the Seoul Arts May 6, 2026

South Korea Tax Agency Probes 31 Firms for Stock Manipulation, Tunneling and Tax Evasion The National Tax Service has launched tax audits of 31 companies accused of unfair, tax-evasive practices in the stock market, including stock price manipulation and “tunneling,” a method of siphoning off assets and profits. The move marks a second round of audits following an investigation of 27 companies announced in July last year. The agency said it aims to curb unfair trading and help establish a “Korea premium.” The NTS said the targets include 11 companies that profited through s May 6, 2026

South Korea Seeks Proposals to Expand Open Quantum Testbed for Next-Gen Networks The Ministry of Science and ICT said Tuesday it will seek proposals for an “open quantum testbed upgrade and expansion project” to strengthen next-generation communications infrastructure for the AI and quantum era and accelerate the spread of quantum communications technology. The open quantum testbed is a core demonstration platform aimed at commercializing quantum cryptography communications and expanding related industries. Since 2024, the government has built and operated a quantum May 6, 2026

HMM’s NAMU Ship to Reach Dubai as Soon as May 7; Fire Probe to Begin HMM’s heavy-lift vessel NAMU, which was disabled by an explosion and fire near the Strait of Hormuz, is expected to be towed to Dubai in the United Arab Emirates as soon as May 7, where investigators will begin examining the cause and the ship will undergo repairs. Shipping industry officials said May 6 that HMM has secured tugboats for the operation and will start full-scale towing late in the afternoon. If the tow proceeds without problems, the ship is expected to reach Dubai port late M May 6, 2026

Hyundai Motor union seeks bonus equal to 30% of net profit as wage talks begin Hyundai Motor Co. labor and management opened this year’s wage negotiations with an initial meeting at the company’s Ulsan plant. Yonhap reported on the 6th that about 60 people attended, including Hyundai Motor CEO Choi Young-il, Korean Metal Workers’ Union Chairman Park Sang-man and Lee Jong-cheol, head of the union’s Hyundai Motor branch. The two sides exchanged greetings and discussed the direction and schedule for this year’s talks. The union has already sent management its demands May 6, 2026

Ruling, Opposition Parties Trade Attacks in Key Races Ahead of June 3 Local Elections The ruling and opposition parties are intensifying their fight over key battlegrounds ahead of the June 3 local elections. The Democratic Party has nominated Jung Won-oh, a former Seongdong District chief, for Seoul mayor and Jeon Jae-soo, a former oceans and fisheries minister, for Busan mayor, highlighting an image of candidates who “get things done.” The People Power Party, meanwhile, is leaning on incumbency advantages and the issue of a special counsel tied to canceling indictments to May 6, 2026