Korean Financial Groups Warn Inclusive Finance Could Strain Asset Quality Finance always speaks two languages: growth and risk. It helps companies expand, creates jobs and supports the broader economy. But it also measures and manages the losses that can come with that expansion. When those forces stay in balance, finance underpins society. When one side dominates, finance can become the starting point of a crisis. Recent signals from South Korea’s major financial holding companies to overseas investors suggest that balance is under pressure. KB Financial Group, Shi May 5, 2026

Gunfire erupts near White House during Trump event, second shooting in 9 days U.S. Secret Service agents exchanged gunfire with an armed suspect near the White House complex on May 4 (local time), raising fresh security concerns around President Donald Trump as Washington has seen a second shooting in nine days. According to The Associated Press and other outlets, Secret Service Deputy Director Matt Quinn said plainclothes agents spotted the man around 3:30 p.m. near the White House complex and saw what appeared to be a firearm on his body. Quinn said the agents May 5, 2026

Coupang to Donate Up to 180,000 New Fashion Items to Vulnerable Children, Families Coupang is launching a large-scale giving campaign to support vulnerable groups, including underserved children, by donating new fashion items in proportion to what customers buy. According to the industry on the 5th, Coupang will run a promotion through the end of this month titled “One Piece of My Clothing That Becomes a Donation,” and plans to donate up to 180,000 fashion items to Good Neighbors, a global NGO specializing in children’s rights. The campaign is the company’s May 5, 2026

KB Financial Sees Housing Market Stabilizing; Tax Policy a Key Variable Tighter household lending, expanded supply plans, designation of regulated zones and heavier tax burdens are beginning to show effects, and could cool this year’s rise in home prices, KB Financial Group’s research arm said. It cited tax issues — including heavier capital gains taxes on multi-homeowners and higher property holding taxes — as the biggest variable for the housing market this year. The KB Financial Group Management Research Institute released its “2026 KB Real Estate Report” May 5, 2026

Trump Warns Iran After Clash in Strait of Hormuz: Target U.S. Ships and Your Military Will Vanish The United States and Iran resumed armed clashes about a month after a ceasefire, and U.S. President Donald Trump issued another sharp warning to Tehran. Trump said in a Fox News interview on May 4, according to The Guardian and other outlets, that if Iran tries to target U.S. ships during the “Project Freedom” operation to help commercial vessels trapped in the Strait of Hormuz escape, “Iran’s military will disappear from the face of the Earth.” Earlier that day, U.S. Central Command s May 5, 2026

South Korea Defense Ministry Dismisses 3 Officers, Removes 1 Over Troop Deployment to Parliament The Ministry of National Defense said Tuesday it has imposed severe disciplinary measures on four senior and field-grade officers indicted for alleged involvement in the “12·3 emergency martial law,” citing violations of the duty to comply with laws and the duty of faithful service. Three officers were dismissed from service, according to reports: Kim Jeong-geun, then commander of the Army Special Warfare Command’s 3rd Airborne Brigade (brigadier general); Ahn Mu-seong, then commander of May 5, 2026

South Korea Says Fire on HMM Cargo Ship in Strait of Hormuz Is Out South Korea’s Foreign Ministry said Tuesday that a fire on a South Korean-flagged vessel after an explosion in the Strait of Hormuz has been extinguished, and that the exact cause is expected to be determined after the ship is towed. In a notice to reporters, the ministry said all 24 crew members, including six South Korean nationals, were confirmed unharmed. It added that the fire had been put out and no additional damage was reported. The explosion and fire broke out at about 8:40 May 5, 2026

Seoul Mayor Candidate Oh Se-hoon Pledges to Double City Kids Cafes, Build Job-Experience Theme Parks Oh Se-hoon, the People Power Party’s Seoul mayoral candidate, said Tuesday he would double the number of Seoul-style kids cafes and build a new public job-experience theme park called “Seoul Children’s Imagination Land.” Oh announced the plan, billed as “Happy Kids City Seoul,” at the Green Green Kids Cafe inside the Seoul International Garden Show at Seoul Forest in Seongdong-gu on Children’s Day. Oh’s campaign said the pledge aims to redesign the city from children’s perspective while May 5, 2026

Korea Sports Council Secretary General Kim Nami Resigns After Remarks to Family of Comatose Athlete Kim Nami, secretary general of the Korea Sports Council, has resigned after sparking controversy over remarks she made to the family of a student athlete who collapsed during a match and remains unconscious. The council said May 4 that Kim had offered to step down and take responsibility for the matter raised recently. Her resignation came three days after she was suspended from her duties on May 1. In a statement released through the council, Kim said, “I deeply apologize for causing con May 5, 2026

South Korea Urged to Shift From Punishment to Prevention in Semiconductor Tech Leaks Prosecutors visited Samsung Electronics’ Pyeongtaek campus to inspect semiconductor processes and on-site security systems. Senior officials handling technology-leak investigations checked production lines and heard directly from workers, a notable shift. Technology crimes cannot be addressed with legal knowledge alone. Without understanding manufacturing steps and how data moves, investigators can struggle to identify evidence and measure damage. Even if overdue, the on-site approach is a neces May 5, 2026