SEC Proposes Ending Quarterly Reporting Requirement, Allowing Semiannual Option U.S. securities regulators have unveiled a proposed rule change that would end the requirement for public companies to file quarterly earnings reports and allow them to opt for semiannual reporting instead. MarketWatch and other outlets reported that the Securities and Exchange Commission said in a statement on May 5 (local time) that it is proposing amendments to rules and forms so listed companies can choose semiannual reports in place of quarterly filings. Under current rules, U.S.-l May 6, 2026

Samsung Securities jumps more than 6% on expectations for Interactive Brokers tie-up Samsung Securities shares rose sharply on expectations of cooperation with a global brokerage firm. According to the Korea Exchange, Samsung Securities was trading at 147,300 won as of 9:55 a.m. on the 6th, up 6.82% (9,400 won) from the previous session. The securities industry said Samsung Securities has recently begun a pilot service with U.S. online brokerage platform Interactive Brokers (IBKR) to support foreign investors trading South Korean stocks. The process for foreign May 6, 2026

Brokerage Stocks Jump as KOSPI Breaks 7,000, Mirae Asset Securities Up 15% As the KOSPI index climbed above 7,000 to set a new record, South Korean brokerage shares rose broadly. According to the Korea Exchange, as of 10 a.m. on the 6th, Mirae Asset Securities was trading at 81,000 won, up 15.22% from the previous session. Samsung Securities rose 5.22% to 145,100 won. Other brokerage-related stocks also gained, including Kiwoom Securities (up 10.53%), Korea Investment Holdings (up 5.15%), NH Investment & Securities (up 4.12%), Hyundai Motor Securities (up May 6, 2026

South Korea Labor Ministry Raids HD Hyundai Heavy Industries Over Ulsan Submarine Fire Labor authorities have launched a forced investigation into a recent fire aboard a submarine at a shipbuilding site in Ulsan.  The Ministry of Employment and Labor said Tuesday it was conducting searches and seizures at HD Hyundai Heavy Industries' Ulsan headquarters and other locations over a Navy submarine fire at the company's Ulsan shipyard that killed a worker in her 60s. About 60 people, including labor inspectors and police, were deployed. Authorities are securing computers and re May 6, 2026

Lee Yong Announces Bid for Hanam Gap By-Election, Apologizes for Yoon Administration Lee Yong, a former lawmaker from the People Power Party, announced May 6 that he will run in the parliamentary by-election in Gyeonggi Province’s Hanam Gap district, pledging to “restore the rule of law and democracy” and “open a bigger future for Hanam.” Lee, who served as chief aide to Yoon Suk Yeol during Yoon’s presidential campaign and was known as a close protector, apologized, saying he is not free of responsibility “now that the Yoon Suk Yeol administration has disappointed and h May 6, 2026

Trump Says Pope Is Soft on Iran Nuclear Issue; Pope Reaffirms Opposition to All Nuclear Arms U.S. President Donald Trump and Pope Leo XIV have again traded sharp words, this time over Iran’s nuclear issue. After Trump said the pope was taking a complacent approach to Iran’s pursuit of nuclear weapons, the pope pushed back, saying the Catholic Church has long opposed all nuclear arms. The pope spoke to reporters Monday aboard the papal plane as he returned to Rome from a trip to Africa. “I am only delivering the message of the Gospel and peace,” he said. He added that “the Cat May 6, 2026

No Public Agency Earns Top Safety Rating; Korea Coal Corp. Rated Very Poor No public agency earned an “excellent” (Grade 1) rating in last year’s government safety management assessment, officials said. Korea Coal Corp. was the only agency rated “very poor” (Grade 5), while Korea Expressway Corp., Korea East-West Power Co. and Korea Land and Housing Corp. (LH) were among those rated “poor” (Grade 4). The Finance and Economy Ministry said it confirmed the results on Tuesday at the fifth meeting of the Public Institutions Steering Committee, chaired by Vice Financ May 6, 2026

No Public Agencies Flagged for Poor Disclosure Compliance in 2025 Review; 18 Earn Top Marks Public agencies’ disclosure quality improved overall in the 2025 integrated disclosure review, with no institutions classified as poor performers for the first time in two years, the Finance and Economy Ministry said Tuesday. The ministry said it approved “the 2025 integrated disclosure inspection results and follow-up measures” at the fifth 2026 Public Institution Steering Committee meeting, chaired by Second Vice Minister Heo Jang, on April 30. Under the 2007 law on the management of May 6, 2026

LG Upgrades ‘ThinQ Real’ AI Living Lab to Accelerate Smart Home Development LG Electronics has overhauled a research space used to validate AI-based living environments, stepping up efforts to advance its AI home business. The company said Tuesday it upgraded 'ThinQ Real,' located at LG Sciencepark in Seoul's Magok district. The facility serves as a research hub to refine AI technology using data gathered in a real-life setting and to apply the results to products and services. First built in 2022, the roughly 100-square-meter space has been redesig May 6, 2026

Samsung Display Expands U.S. Recruiting to Broaden Global Talent Pipeline Samsung Display is expanding its recruiting programs in the United States as it steps up efforts to secure global talent. The company said Tuesday it will broaden its U.S. recruiting footprint beyond the West Coast to locations across the country, with senior executives meeting students directly to present the company’s vision. Samsung Display on Monday (local time) held a recruiting program called the “Tech Forum” at the InterContinental Los Angeles Downtown, inviting about 50 doctoral May 6, 2026