Jokyung-tae Calls for Reversal of Anti-Impeachment Stance and Restoration of Han Dong-hoon's Membership Jokyung-tae, a member of the People Power Party, stated on June 11 that the party should "revoke its stance against the impeachment of former President Yoon Suk-yeol and expedite the process for the reinstatement of Han Dong-hoon, who was expelled from the party." During an appearance on KBS Radio's "Jeonggeok Sisa," Jokyung-tae responded to comments made by the newly elected floor leader Jeong Jeong-sik, who suggested that concerns about the party becoming a pro-Yoon faction were unfou June 11, 2026

U.S. Deputy Secretary of Climate Energy Highlights Strengthening Korea-U.S. Nuclear Alliance "We will elevate the 70-year Korea-U.S. nuclear alliance to an energy and industrial alliance."Lee Ho-hyun, Deputy Secretary of the Ministry of Climate Energy, visited Washington, D.C. to enhance Korea-U.S. energy security cooperation and expand public-private partnerships.According to the Ministry, Lee attended the 70th anniversary conference of the Korea-U.S. Nuclear Agreement, the Global Energy Forum, and the Korea-U.S. Energy Business Forum from June 8 to 10.The visit aimed to address the ri June 11, 2026

BlackRock Increases Stake in KT&G to 6.15%, Foreign Ownership Exceeds 51% BlackRock, the world's largest asset management firm, has increased its stake in KT&G. Following a recent announcement of a stake increase by Capital Group, KT&G's foreign ownership has now surpassed 51%. On June 10, KT&G disclosed that BlackRock acquired an additional 6.15% of its shares for investment purposes. This follows BlackRock's acquisition of 5.01% of KT&G shares at the end of January, marking a 1.14 percentage point increase after purchasing an additional 467,350 shares over June 11, 2026

Lee Jung-hoo Sets New Record for Most Consecutive Hits by a Korean in MLB Lee Jung-hoo of the San Francisco Giants extended his hitting streak to 18 games, setting a new record for the longest consecutive hits by a Korean player in Major League Baseball (MLB). According to Yonhap News, on June 11, Lee started in a home game against the Washington Nationals at Oracle Park in San Francisco, California, where he recorded two hits, one walk, two runs, and one stolen base in four at-bats. Having already surpassed the records of Choo Shin-soo (currently an advisor June 11, 2026

South Korea Secures $250 Million Investment from Four European Companies South Korea has secured a total investment of 250 billion won ($250 million) from four advanced European companies during President Yoon Suk Yeol's visit to the European Union (EU) on June 10. The visit also resulted in the official signing of a Digital Trade Agreement (DTA) between the two parties, marking significant cooperation in trade, investment, and digital sectors.This is the first visit by a South Korean president to the EU in nearly eight years. The EU is the world's largest trading bl June 11, 2026

Altman Expects OpenAI to Go Public Next Year Sam Altman, CEO of OpenAI, has informed employees that the company is expected to go public within the next year. This announcement follows OpenAI's submission of a confidential filing for an initial public offering (IPO) to the U.S. Securities and Exchange Commission. On June 10, Reuters reported, citing the technology news outlet The Information, that Altman conveyed in a message to staff earlier this week that he anticipates OpenAI will go public next year. However, he noted that variou June 11, 2026

Import of Honey and Pollen for Beekeeping Requires Animal Quarantine Starting November Starting in the second half of this year, imported honey and pollen for beekeeping will be classified as "animal quarantine targets" in South Korea. As a result, all honey and pollen imported for beekeeping will require animal quarantine procedures for customs clearance beginning six months from now.The Animal and Plant Quarantine Agency announced on June 11 that it issued a notice on May 27 to include honey and pollen for beekeeping in the quarantine category. From the implementation date, all June 11, 2026

April Fiscal Balance Shows 36.6 Trillion Won Deficit, Improved by 9.5 Trillion Won As of April this year, South Korea's management fiscal balance recorded a deficit of 36.6 trillion won. While the fiscal balance improved compared to last year due to a significant increase in national tax revenue, the central government's debt has surpassed 1,320 trillion won. According to the "Monthly Fiscal Trends for June" report released by the Ministry of Economy and Finance on June 11, the management fiscal balance showed a deficit of 36.6 trillion won at the end of April. This m June 11, 2026

Volvo Cars Launches Pre-Orders for ES90, Flagship EV Starting at 70 Million Won Volvo Cars Korea announced on June 11 that it will begin pre-orders for its next-generation flagship electric vehicle, the ES90. The ES90 is developed based on Volvo's latest SPA2 architecture and SDV strategy, representing a new interpretation of the traditional sedan format for the electrification era. First unveiled to the global market in March of last year, the ES90 made its domestic debut at the recent 'Sweden Day 2026' event. As part of Volvo's flagship lineup, the ES90 features June 11, 2026

Coupang Fined Record 624.6 Billion Won for Data Breach The Personal Information Protection Commission (PIPC) has imposed a record fine of 624.68 billion won on Coupang for a massive data breach. The fine stems from multiple violations of the Personal Information Protection Act, including the unlawful collection of personal data and inadequate security measures. On June 10, the PIPC held a plenary meeting where it decided to impose a fine of 624.68 billion won and an additional penalty of 16.8 million won on Coupang for failing to comply with June 11, 2026