Dongin Law Firm to Hold India Market Entry Strategy Seminar in Seoul Dongin Law Firm said it will hold a practical seminar to support South Korean companies seeking to enter the Indian market, as interest increasingly moves from preliminary reviews to actual investment. The firm said the program will focus on contract structures and partner design. Dongin said May 4 it will host the “India Business Practical Guide” seminar May 13 and 14 at its main conference room in Seocho-dong, Seoul. The program was planned by attorney Moon Hae-jin (Judicial Research a May 4, 2026

Lotte Chilsung Beverage Q1 Operating Profit Jumps 91% on Milkis, Saero Growth Lotte Chilsung Beverage said its first-quarter operating profit surged 91% from a year earlier, as beverage exports and overseas subsidiaries expanded despite weak domestic demand and pressure from a strong exchange rate. Growth in soju and ready-to-drink products also supported results in its liquor business. The company said Monday that first-quarter operating profit on a consolidated basis totaled 47.8 billion won, up 91% from the same period a year earlier. Revenue rose 4.6% to 952 May 4, 2026

KGM April Sales Rise 6.5% on Strong Exports, Led by Musso KG Mobility, or KGM, said Monday its April sales totaled 9,512 vehicles, up 6.5% from a year earlier, as exports climbed. Domestic sales fell 4.6% to 3,382 vehicles, while exports rose 13.8% to 6,130. KGM said Musso export sales increased, pushing monthly exports above 6,000 for the first time in four months since December, when exports reached 7,000 vehicles. Cumulative sales through April rose 4.7% from the same period a year earlier. By model, the Musso, which began its g May 4, 2026

KOSPI Jumps 5.1% to Record Close Near 7,000 on Foreign, Institutional Buying The KOSPI surged Monday on heavy buying by foreign investors and institutions, climbing to just shy of the 7,000 mark and posting a record closing high. The benchmark jumped more than 5% to finish above 6,900. According to the Korea Exchange, the KOSPI closed up 338.12 points, or 5.12%, at 6,936.99. It opened at 6,782.93, up 184.06 points, or 2.79%, and extended gains as foreign and institutional demand strengthened. The index also reset an intraday record. It moved above 6,800 at about May 4, 2026

Xi Urges Chinese Youth to Contribute to Development as ‘Lying Flat’ Trend Spreads Chinese President Xi Jinping urged the country’s young people to play a bigger role in national development, saying it is an ideal time for them to contribute. The remarks were widely seen as a warning amid the spread of the so-called “tangping,” or “lying flat,” attitude among youth as the economy slows and job prospects weaken. According to the Communist Party newspaper People’s Daily, Xi said on May 3, a day ahead of China’s May 4 Youth Day, that this year marks the start of the 15th f May 4, 2026

Special Prosecutor Says It Found Signs Military Counterintelligence Prepared for Martial Law The second comprehensive special prosecutor team, led by Special Prosecutor Kwon Chang-young, said it has confirmed indications that the military’s Defense Counterintelligence Command prepared for emergency martial law and is continuing its investigation. The probe has also triggered a dispute with prosecutors over access to records and raised internal management concerns, adding to tensions around the team’s operations. Assistant Special Prosecutor Kim Ji-mi said at a regular briefing Mo May 4, 2026

Raon Savings Bank Exits Regulatory Corrective Action; KBI’s SangSangIn Deal Delayed Some savings banks in South Korea are emerging from prompt corrective action, easing broader concerns about the sector’s financial health, but restructuring is moving at different speeds by institution. Raon Savings Bank, acquired by KBI Group, has exited a management improvement order after key indicators improved. KBI’s planned acquisition of SangSangIn Savings Bank, however, remains unfinished despite agreement on the sale price, with the share-transfer date pushed back again as post-dea May 4, 2026

Special counsel team docks investigator one month’s pay for posting case records on SNS The second comprehensive special counsel team, led by special counsel Kwon Chang-young, has disciplined a special investigator with a one-month pay cut for posting investigation-related materials on social media. Assistant special counsel Kim Ji-mi said at a regular briefing on May 4 that the investigator was found to have posted materials filmed during the investigation along with personal reflections on SNS. She said the team decided on discipline after convening a rewards and discipli May 4, 2026

Special Counsel Says Military Counterintelligence Showed Signs of Martial Law Planning in Early 2024 The second special counsel team said it has confirmed indications that the Republic of Korea Army Counterintelligence Command began preparing for martial law in the first half of 2024. The disclosure adds to an earlier insurrection special counsel probe that viewed a martial law declaration as planned in advance, and it suggests preparations may have moved beyond planning toward implementation. Assistant Special Counsel Kim Ji-mi said at a regular briefing Monday afternoon at the special May 4, 2026

GameStop makes $56 billion bid for eBay, WSJ reports GameStop has made a $56 billion offer to buy eBay, a deal that would pit the smaller video game retailer against the larger e-commerce company and could turn hostile. According to The Wall Street Journal, GameStop CEO Ryan Cohen offered $125 a share for eBay, with consideration split 50% cash and 50% GameStop stock. The bid is about 20% above eBay’s closing price on the previous trading day. Cohen said GameStop began buying eBay shares on Feb. 4 and now holds about 5%. Cohen al May 4, 2026