North Korea and China Agree to Expand Cooperation in Various Fields North Korean state media reported that Xi Jinping, President of China, and Kim Jong Un, Chairman of the Workers' Party of Korea, agreed to expand and develop cooperation across various fields during their summit in Pyongyang. Kim reaffirmed his support for the 'One China' principle. The Korean Central News Agency (KCNA) reported on June 9 that during the summit held at the Kumsusan Palace of the Sun, the two leaders agreed to enhance strategic communication through high-level exchanges June 9, 2026

SK Telecom Partners with EU to Develop Next-Generation Quantum Cryptography Technology SK Telecom (SKT) is set to participate in the European Union's Horizon Europe research and development program to advance next-generation quantum cryptography technology. On June 9, SKT announced the launch of a project under Horizon Europe aimed at developing a next-generation quantum key distribution (QKD) system. The project will span three years and includes collaboration with the National Center for Scientific Research Demokritos in Greece, the Austrian Institute of Technology, and June 9, 2026

Naver Introduces Passport Verification for Foreign Users, Streamlining Reservations and Payments Naver has launched a passport-based identity verification service for foreign users, enhancing the convenience of reservations and payments during their travels in South Korea. The company announced on June 9 that it began offering the 'passport verification' service on June 4, allowing foreign users to verify their identity using only their passport. With this new service, foreigners without a local mobile phone number can now access Naver's reservation, ordering, and payment services u June 9, 2026

Hana Financial Group Supports Military Personnel with Annual $10 Million Program Hana Financial Group is launching a support initiative for military personnel and their families in June, coinciding with the month of national defense and veterans. The group plans to provide annual welfare benefits worth 1 billion won (approximately $10 million), covering medical expenses and educational equipment.On June 9, Hana Financial announced the implementation of the 'Hero with Hana' program in collaboration with the Defense Ministry. This initiative aims to alleviate the financial bur June 9, 2026

Hyundai Launches FIFA World Cup Exhibition in New York Hyundai Motor is hosting a special FIFA World Cup exhibition in New York, engaging with global soccer fans through an experiential space that combines soccer culture and future mobility technology. On June 8, Hyundai announced the opening ceremony of the FIFA Museum at Rockefeller Center in Manhattan, New York, and the launch of the 'FIFA World Cup 2026™' commemorative exhibition, which will run from June 11 to July 19. The opening ceremony was attended by Ji Sung-won, Vice President of H June 9, 2026

Toss FacePay Surpasses 6 Million Users, 60% Continue to Use Service Viva Republica, the company behind Toss, announced on June 9 that its facial recognition payment service, FacePay, has surpassed 6 million registered users.The rapid increase in available merchants and a growing rate of actual transactions have led to assessments that facial recognition payments are becoming a mainstream offline payment method.The number of FacePay users doubled in just three months, rising from 3 million in February to 6 million in May. The user count reached 4 million in March June 9, 2026

Trump Warns Netanyahu: 'Be Careful or You'll Be Alone' Donald Trump, the President of the United States, has warned Israeli Prime Minister Benjamin Netanyahu that U.S. support could wane as Netanyahu prepares for large-scale airstrikes against Iran. In an interview with Axios on June 8, Trump stated he told Netanyahu, "'Bibi, you better be careful. Otherwise, you’ll be alone very soon.'" 'Bibi' is a nickname for Netanyahu. Trump's warning came as Netanyahu's ongoing confrontations with Iran jeopardized U.S.-led peace negotiations. Trump m June 9, 2026

DB Insurance Surpasses 650,000 Sign-Ups for Pedestrian Accident Coverage DB Insurance announced on June 9 that its "Pedestrian Accident Legal Consultation Fee Support Special Clause," developed in collaboration with attorney Han Moon-cheol, has surpassed 650,000 sign-ups just nine months after its launch. Introduced in August 2025, this special clause is designed to provide professional legal assessments regarding liability and fault in pedestrian accidents involving vehicles. It covers a wide range of pedestrian incidents, including those involving bicycles and June 9, 2026

Labor Ministry Releases 2025 Major Accident Siren Booklet as Membership Doubles The number of subscribers to the Labor Ministry's Major Accident Siren program is rapidly increasing, establishing itself as a key platform for preventing recurring accidents. On June 9, the Ministry of Employment and Labor announced the publication of the "2025 Major Accident Siren" booklet, which compiles industrial accident prevention materials distributed through its open chat room last year. Launched in February 2023, the Major Accident Siren serves as an information-sharing platform June 9, 2026

Korea Investment & Securities Raises Hyundai Department Store Target Price by 50% Korea Investment & Securities announced on June 9 that it has raised its target price for Hyundai Department Store from 140,000 won to 210,000 won, a 50% increase, citing strong profitability in the department store's core business and expected improvements in duty-free store performance. The firm maintained its "buy" rating. Kim Myung-joo, a researcher at Korea Investment & Securities, noted, "Despite the uncertainty surrounding Zinus's performance, the core business continues to deliver June 9, 2026