Special Prosecutors Seek Arrest Warrants for Four Officials, Including Kim Myung-soo, Over Insurrection Allegations The Special Prosecutors' team has requested arrest warrants for four officials, including Kim Myung-soo, the former Chairman of the Joint Chiefs of Staff, over allegations of involvement in insurrection during the military's deployment in December 2023.On June 9, the second Special Prosecutors' team, led by Special Prosecutor Kwon Chang-young, announced that they had filed for arrest warrants against Kim and three others: Jeong Jin-pal, former Vice Chairman of the Joint Chiefs of Staff; Kim Heun June 9, 2026

Hanyang Cyber University and Hanyang Women's University Collaborate to Support Youth Employment and Entrepreneurship Hanyang Cyber University (President Lee Gi-jeong) announced that its Career Development Center has signed a memorandum of understanding (MOU) with the University Job Plus Center at Hanyang Women's University (President Na Se-ri) to support youth employment and entrepreneurship and establish regional governance. The agreement, signed on June 8 at Hanyang Women's University, aims to enhance youth employment in Seongdong-gu by leveraging the unique capabilities of both institutions as the o June 9, 2026

Bank of Japan Expected to Raise Interest Rate to 1% This Month, Highest in 31 Years The Bank of Japan is set to raise its policy interest rate to 1.0% during its monetary policy meeting this month. According to the Nihon Keizai Shimbun (Nikkei) on June 9, the Bank plans to make this decision at its monetary policy meeting scheduled for June 15-16, increasing the current rate from 0.75%. If approved, this would be the first rate hike since December of last year and the highest level since 1995. Nikkei reports that Governor Kazuo Ueda and the executive board are expected June 9, 2026

Coupang Aids Small Businesses with AI and Big Data Coupang announced on June 9 that it is recruiting participants for its '2026 Digital Jump-Up Academy.' This program aims to assist local small businesses with limited digital capabilities by providing online sales training and tailored mentoring to help them enter the online market and boost sales. The training will be conducted through a combination of in-person and remote sessions, considering the sales environment of small businesses. Key lectures and mentoring will be held online v June 9, 2026

Hanyuwon Hosts First Home Shopping Consultation for Small Businesses The Korea Small and Medium Enterprises and Startups Agency (KOSME) is set to hold the "2026 First Home Shopping Consultation Meeting" to assist small businesses in entering the home shopping market. According to Hanyuwon on June 9, the consultation will take place on June 10 at the Peace and Park Convention Center in Yongsan, Seoul, as part of the Ministry of SMEs and Startups' "Online Sales Support Project for Small Businesses." The project aims to help small businesses become competiti June 9, 2026

Game Industry Expands AI Frontiers, Reassessing Technological Assets in the Physical AI Era The South Korean gaming industry is reassessing its technological assets, which have been developed for enhancing game creation and in-game experiences, in light of the emerging era of physical artificial intelligence (AI) represented by robotics and autonomous driving. According to the gaming and information technology sectors on June 9, the recent visit of Jensen Huang, CEO of NVIDIA, has sparked discussions about how the virtual world implementation technologies possessed by domestic g June 9, 2026

Musk Celebrates Tesla Model Y's Top Sales in South Korea Elon Musk, CEO of Tesla, reacted to the news that the electric SUV Model Y topped sales in South Korea. On June 8, Musk shared a post on his social media platform X, celebrating that the Model Y ranked first in sales in the South Korean automotive market last month. The post included a South Korean flag emoji and the message, "South Korea is amazing." The post highlighted a historic moment in the South Korean market, which is home to Hyundai and Kia. It noted that one-third of all imported June 9, 2026

Korean Innovative Companies Hold Investment Roadshow in Chengdu, China Korean innovative companies held an investment roadshow in Chengdu, Sichuan Province, to engage with local businesses and investors for potential collaborations. The "Korean Innovation Companies Roadshow K-Demo Day" took place on June 9, co-hosted by the Global Innovation Center (KIC China), KIST Innovation, the Chengdu High-tech Zone Science and Technology Innovation Bureau, and the National Technology Transfer Center of Southwest China. Twelve domestic innovative companies from the bio June 9, 2026

Controversy Over 'Anti-American Aid' Expression in War Memorial Program The War Memorial Foundation, under the Ministry of National Defense, has initiated an investigation after including China's claim that the Korean War is an 'Anti-American Aid' war in an educational program for the Month of National Defense and Veterans. According to the foundation on June 9, the program titled 'Korean War: Different Interpretations' has been accepting participants through its website since May 30. The foundation explained that the program aims to compare the perspec June 9, 2026

Stock Market Rebounds, But Forced Liquidations Hit 3-Year High The stock market has experienced unprecedented volatility. After a drop of over 8% the previous day, the KOSPI surged more than 8% on June 9, reclaiming the 8,000-point mark. Despite the index's sharp rise, the impact of the recent market downturn has led to forced liquidations exceeding 300 billion won. Analysts suggest that individual investors who engaged in leveraged trading are facing significant losses.According to the Korea Financial Investment Association, as of June 8, the actual amount June 9, 2026