Korean Beef Promotion Agency Launches Nationwide Discount Event in June The Korean Beef Promotion Agency is conducting a discount event throughout June in collaboration with major beef retailers across the country. The agency announced on June 10 that it is partnering with online beef market participants to offer discounts through both online and offline sales channels until June 30. Seven major retailers are participating in this event, including Green Korean Beef, Daegwang Yeongpung Livestock Products, the Seoul-Gyeonggi Korean Beef Cooperative, Ulsan Live June 11, 2026

Chinese Tech Giants Compete with AI College Admissions Assistants for 12.9 Million Gaokao Students As the Gaokao, China's national college entrance examination, concluded, major Chinese tech companies have begun launching AI agents to serve as college admissions consultants. With over 12.9 million students and their parents participating each year, these companies aim to dominate the competitive AI service market by attracting users to their platforms. According to Chinese economic media outlet Caixin, Alibaba announced it would offer a comprehensive AI-based college admissions support June 11, 2026

KOSPI Recovers from Early Drop, Closes Slightly Up; KOSDAQ Surges 4.76% The KOSPI index initially fell below the 7,400 mark but managed to recover and close slightly higher, thanks to a surge in individual buying. The KOSDAQ index rose more than 4%, nearing the 1,000-point threshold, driven by strong performance in the semiconductor sector. According to the Korea Exchange, the KOSPI closed at 7,763.95, up 33.13 points (0.43%) from the previous trading day. The index opened down 221.20 points (2.86%) at 7,509.62 and dipped to 7,394.46 before reversing course. De June 11, 2026

Debate Continues Over Minimum Wage Application for Delivery Workers The Minimum Wage Commission (MWC) engaged in heated discussions on June 11 regarding the potential expansion of minimum wage applications for special types of workers, including delivery riders and parcel delivery drivers. During the fifth plenary meeting held at the Government Sejong Center, the commission deliberated on the application of minimum wage for contract workers. Ryu Gi-seop, Secretary-General of the Korean Confederation of Trade Unions (KCTU), stated in his opening remark June 11, 2026

JW Pharmaceutical Unveils DDC-02 Preclinical Results and Global Development Strategy JW Pharmaceutical announced on June 11 that it presented the preclinical research results and global development strategy for its rare neurodevelopmental disorder treatment candidate DDC-02 at the World Orphan Drug Congress USA 2026, held in Boston from June 9 to 11. DDC-02 is an oral small molecule drug candidate discovered using JW Pharmaceutical's proprietary AI-based drug development platform, JWave. The platform facilitated genomic analysis, leading to a molecular understanding of th June 11, 2026

Korean Investment Trust Achieves High Returns with Semiconductor ETFs As the artificial intelligence (AI) industry expands, the investment landscape for semiconductors is rapidly diversifying. Korean Investment Trust is reporting high returns through its lineup of exchange-traded funds (ETFs) that cater to both long-term and mid-term investment strategies. According to the Korea Exchange on June 11, the "ACE Global Semiconductor TOP4 Plus ETF" recorded a return of 831.55% since its listing in November 2022, based on the closing price from June 9. The ETF ha June 11, 2026

Calls for Jeong Cheong-rae's Resignation Grow Ahead of Democratic Party Convention As the Democratic Party prepares for its convention on August 17, calls for the resignation of leader Jeong Cheong-rae are intensifying within the party. There are growing demands for accountability regarding Jeong's role in the party's defeat in the recent Seoul mayoral election during the June 3 local elections. On the morning of June 11, prior to a plenary session, the Democratic Party held a lawmakers' meeting at the National Assembly. Some party members expressed the need for Jeong's June 11, 2026

Coupang Faces Record Fine Amid U.S.-Korea Trade Tensions The Personal Information Protection Commission has imposed a record fine on Coupang, drawing attention from international media regarding potential implications for U.S.-Korea trade relations. On June 11, the Financial Times reported that the South Korean government levied a fine of 624.6 billion won, approximately $409 million, against Coupang due to a significant data breach. The report noted that this incident could escalate diplomatic tensions with the United States. Although Coupang June 11, 2026

LG CNS Partners with LX Pantos to Introduce Humanoid Robots in Logistics Center LG CNS announced on June 11 that it has signed a business agreement with logistics company LX Pantos to develop a robot-based next-generation smart logistics system. Once implemented, shuttle robots will retrieve items scheduled for shipment from the warehouse, while humanoid robots will receive these items and load them onto automated sorting equipment or other robots. This will create a comprehensive automated process for the entire shipping operation. LG CNS plans to train the robots June 11, 2026

Pearl Abyss' 'Crimson Desert' Surpasses 6 Million Sales Worldwide Pearl Abyss' open-world action-adventure game, 'Crimson Desert,' has surpassed 6 million copies in global sales. On June 11, Pearl Abyss announced the milestone via its official social media channels, expressing gratitude to players for experiencing the world in their own ways. 'Crimson Desert' sold 2 million copies on its first day and exceeded 5 million within a month of its release. It achieved the 6 million mark just 83 days after launch, setting an unprecedented sales record in th June 11, 2026