Iran Enforces New Strait of Hormuz Transit Rules Requiring Advance Clearance Iran has put a new system in place to manage ships transiting the Strait of Hormuz, state-run Press TV reported. Reuters also cited the report, saying Iran has introduced a new mechanism to control vessel traffic through the waterway. Press TV said Iran on May 5 (local time) officially began operating the new maritime traffic management system for the strait. Under the system, ships seeking to pass through must receive guidance on transit rules and procedures, adjust their sailing plans a May 6, 2026

Shinhan Investment Cuts Yuhan Target Price on Slower-Than-Expected Lazertinib Uptake Shinhan Investment Corp. on Tuesday kept its “buy” rating on Yuhan Corp. but cut its target price 29.4% to 120,000 won, citing slower-than-expected growth in prescriptions for lazertinib. Analyst Lee Ho-cheol said lazertinib royalty income has fallen short of expectations, weighing on the stock’s recent performance, but added that a turnaround remains possible depending on key clinical results in the second half of the year. Yuhan reported consolidated first-quarter 2026 revenue of 5 May 6, 2026

KakaoBank posts record Q1 net profit of 187.3 billion won on stronger noninterest income KakaoBank said in a regulatory filing on Tuesday that it posted a record first-quarter net profit of 187.3 billion won ($187.3 billion won), up 36.3% from a year earlier. Operating revenue rose 4.4% to 819.3 billion won. The results were driven by growth in noninterest income. Noninterest income increased 7.5% from a year earlier to 302.9 billion won, topping 300 billion won for the first time and accounting for 37% of operating revenue. Fee and platform income rose 4.1% to 80.8 billion May 6, 2026

Wall Street Rallies as Oil Slides Nearly 4%; S&P 500, Nasdaq Close at Records U.S. stocks rose across the board on Tuesday as crude oil fell nearly 4%, easing inflation worries and lifting risk appetite. The S&P 500 and the Nasdaq Composite both finished at record highs, supported by strength in chipmakers and expectations for solid corporate earnings. The Dow Jones Industrial Average gained 356.35 points, or 0.73%, to close at 49,298.25. The S&P 500 added 58.47 points, or 0.81%, to 7,259.22, and the Nasdaq rose 258.32 points, or 1.03%, to 25,326.13. The S& May 6, 2026

Hana Securities Raises Hyundai Corporation Target Price on Energy Parts Rebound Hana Securities said Tuesday it raised its target price for Hyundai Corporation by 15.2% to 38,000 won, citing a rebound in the company’s energy commercial parts business, which previously drove earnings growth. It maintained a “buy” rating. In a report, analyst Yoo Jae-seon said Hyundai Corporation’s first-quarter results beat market consensus and that previously weak segments such as steel are showing a better trend than in 2025 as market conditions improve. Yoo said profit growth is e May 6, 2026

SK Broadband targets offline ads with B tv On-Ad set-top box signage service SK Broadband is pushing into the offline advertising market with a digital signage service built on IPTV set-top boxes, branded B tv On-Ad (On-Ad). The company is pitching a subscription model priced in the 10,000-won range per month, aiming to lower barriers in a market long dominated by expensive equipment and to tap demand for what it calls space-based marketing. “Digital out-of-home advertising has become part of daily life, but the key now is not simple exposure — it’s how much you r May 6, 2026

2026 Venice Biennale Opens With Koyo Kouoh’s ‘In Minor Keys’ ‘Art world Olympics’ set to open The Venice Biennale, often called the “Olympics of the art world,” will run from May 9 through Nov. 22, with preview days May 6-8. The world’s oldest art biennale is held every two years. Events span the Giardini and Arsenale, as well as venues across Venice and nearby islands. The international exhibition curated by the late Koyo Kouoh will feature 111 artists and teams. Yo-E Ryou is the only invited Korean artist; Korean diaspora artists including Mic May 6, 2026

Foreign Investors Chase Surging Korean Stocks, Led by Samsung Electronics ◆Aju Economy top stories ▷Foreign investors jump on momentum, concentrating net buying in soaring shares -According to the Korea Exchange on May 5, the top 10 stocks most heavily net-bought by foreign investors on the main KOSPI market at the end of last month all posted positive returns compared with the end of March. -The biggest foreign net buy on the KOSPI last month was Samsung Electronics, totaling 1.3231 trillion won. Over the same period, the stock jumped 32%, to 220,500 w May 6, 2026

Coupang Posts 2nd Straight Quarterly Revenue Dip; Q1 Operating Loss Tops 350 Billion Won Coupang Inc., the parent of South Korean e-commerce company Coupang, posted an operating loss of about 350 billion won in the first quarter, its largest in about four years and three months since 2021. Revenue rose from a year earlier, but growth slowed to its weakest pace since the company’s New York listing, and profitability swung back into the red. In a first-quarter consolidated filing submitted to the U.S. Securities and Exchange Commission on Tuesday (Korea time), Coupang report May 6, 2026

Trump says Korean cargo ship attacked in Strait of Hormuz after sailing alone U.S. President Donald Trump said a Korean cargo ship was attacked by Iran in the Strait of Hormuz after operating on its own, apart from a protected group of vessels. According to Yonhap News Agency, Trump said at a White House event on May 5 local time that South Korea gets 43% of its oil through the Strait of Hormuz, adding that a Korean ship was attacked because it was not in a convoy. “They weren’t in the line of ships and they decided to go alone,” he said. “And their ship May 6, 2026