President Yoon Requests EU to Avoid Disadvantages for Korean Steel Industry President Yoon Suk Yeol has urged the European Union (EU) to ensure that Korean companies do not face disadvantages under the new steel quota system. Kim Yong-beom, the Chief of Policy at the Blue House, stated during a briefing in Rome on June 11 that President Yoon made this request during a meeting with António Costa, the President of the European Council, and Ursula von der Leyen, the President of the European Commission, in Brussels the previous day.The EU has announced plans to transition June 11, 2026

Prime Minister Kim Minsuk Remembers Former Japanese Speaker Kono Yohei Prime Minister Kim Minsuk expressed his condolences on June 11 following the passing of former Japanese House of Representatives Speaker Kono Yohei, wishing for the healthy development of Korea-Japan relations. In a post on his X (formerly Twitter) account, Kim stated, "Former Speaker Kono Yohei has passed away." He described Kono as a rare Japanese politician who acknowledged the coercion involved in the mobilization of comfort women and offered an apology, presenting the principle of June 11, 2026

50,000 Fans Expected in Busan for BTS Concert; Special Immigration Measures Activated As global artist BTS prepares for their concert in Busan, the South Korean government anticipates a significant influx of international fans. To facilitate smooth entry, special transportation and immigration measures will be implemented. On June 11, the Ministry of Justice, led by Minister Jeong Seong-ho, announced that approximately 50,000 foreign fans are expected to arrive in South Korea for the BTS concert taking place from June 12 to 14. To ensure the convenience and speed of entry June 11, 2026

U.S. Strikes Oil Tanker for Violating Iran Blockade, Killing Three Indians The United States struck a Palau-flagged oil tanker in the Gulf of Oman, claiming it violated a blockade against Iran, resulting in the deaths of three Indian crew members. On June 10, U.S. Central Command (CENTCOM) announced that it had neutralized the tanker M/T Setebello at 11:14 p.m. while it was navigating through the Gulf of Oman. CENTCOM stated that the vessel was attempting to transport Iranian oil and had repeatedly failed to comply with U.S. directives. U.S. aircraft targeted th June 11, 2026

First Extradition of Illegal Manga Sharing Site Operator from Japan The Ministry of Justice announced on June 11 that it has extradited a 37-year-old man, referred to as A, from Japan through criminal extradition procedures. A is accused of operating an illegal manga sharing site from 2015 to 2022, where he allegedly posted over 1,400 copyrighted manga works and advertised gambling sites. Originally a South Korean national, A left for Japan in 2017 and acquired Japanese citizenship in 2022. Following a request for cooperation from prosecutors and police June 11, 2026

Foreign Investors Withdraw from South Korean and Taiwanese AI Semiconductor Stocks Foreign investment is rapidly exiting the leading semiconductor stocks in South Korea and Taiwan. With significant sell-offs in major tech firms like Samsung Electronics, SK Hynix, and TSMC, nearly 30 trillion won (approximately $23 billion) has flowed out this month alone. According to the Korea Exchange and the Taiwan Stock Exchange (TWSE), from June 1 to June 10, foreign investors sold a net 11.82 trillion won (about $9 billion) worth of Samsung Electronics and 6.99 trillion won (arou June 11, 2026

Im Sung-geun Sentenced to 18 Months for Perjury in Lobbying Scandal Im Sung-geun, a key figure in the lobbying scandal related to the death of Corporal Cha, has been sentenced to 18 months in prison for perjury in the National Assembly. On June 11, the Seoul Central District Court's Criminal Division 22, presided over by Judge Jo Hyung-woo, found Im guilty of violating the National Assembly Act regarding testimony and evidence. The special investigation team led by Special Prosecutor Lee Myung-hyun had previously sought a three-year prison term for Im. June 11, 2026

GC Green Cross Shares mRNA Development Strategy at Pandemic Summit GC Green Cross announced on June 11 that it presented its mRNA vaccine development strategy for future pandemic responses at the "Seoul Pandemic X Summit 2026." During the event, the company revealed its proprietary mRNA-LNP platform and the current status of its COVID-19 vaccine development. Since 2019, GC Green Cross has been researching an AI deep learning-based mRNA-LNP platform. The company has developed capabilities for mRNA sequence design that maximizes protein expression efficien June 11, 2026

Future of Shipbuilding and Shipping Industry Hinges on AI Innovation Artificial intelligence (AI) is emerging as a critical factor in determining the future competitiveness of the shipbuilding and shipping industries, prompting a significant shift towards AI transformation (AX) across the maritime sector. Companies are beginning to integrate AI not just as a tool for routine tasks but as a central element of their management strategies, aiming to embed it throughout their organizational culture and processes. On June 11, KR hosted a technology seminar in Se June 11, 2026

Trump Discusses Sharing AI Company Profits with the Public Donald Trump, President of the United States, has reiterated his interest in finding ways to share the profits from artificial intelligence (AI) companies with the public. This comes amid growing concerns about job losses due to automation, leading to discussions about the possibility of the U.S. government acquiring stakes in major firms. According to Reuters, Trump stated during a press briefing in the Oval Office on June 10 that he plans to meet with 12 to 15 executives from leading AI June 11, 2026