Neowiz Appoints First Developer as CEO, Park Sung-jun Named Neowiz has announced the appointment of its first-ever CEO from a development background. On June 8, the company revealed that Park Sung-jun, head of the new game development group, will take on the role of CEO. He is set to officially assume the position following board approval in August and will lead the company alongside current CEO Bae Tae-keun in a co-CEO structure. This marks the first time in Neowiz's history that a CEO with a development background has been appointed. The company June 8, 2026

Peace Peace Studio Shares Drop After Initial Surge on KOSDAQ Debut Peace Peace Studio experienced a sharp rise in its stock price during the early trading hours of its debut on the KOSDAQ, but soon reversed course, falling below its initial public offering (IPO) price. As of 9:48 a.m. on June 8, the company’s shares were trading at 18,480 won, down 14.05% from the IPO price of 21,500 won. Initially, Peace Peace Studio’s stock opened at 32,000 won, 48.84% above the IPO price, and surged to as high as 42,000 won, marking a 95.35% increase. However, the June 8, 2026

High School Dropouts Exceed 10,000 as Grading System Changes Fail to Deliver The South Korean government's implementation of the 'high school grading system' aimed at reducing competition has not yielded the expected results after one year. Instead, the number of high school dropouts and students opting for the GED has surged to unprecedented levels. A recent analysis by Jongno Academy of data from 1,703 general high schools revealed that the number of high school dropouts nationwide rose by 163 from the previous year, reaching 18,661, the highest figure in seven June 8, 2026

Japan Pressures South Korea to Lift Seafood Import Ban on Fukushima Products Japan's government has renewed its demand for South Korea to lift its import ban on Japanese seafood, which has been in place since the Fukushima nuclear disaster. This request comes as Japan seeks to leverage improving relations with South Korea to establish a working-level dialogue, although public sentiment in South Korea and existing safety regulations make the actual resumption of imports uncertain. According to Kyodo News on June 8, the Japanese government has asked South Korea to cr June 8, 2026

LG CNS Launches Agentic AI Development Platform for Automated IT System Building LG CNS has introduced an Agentic AI-based development platform designed to support the entire process of building and operating large-scale IT systems. On June 8, LG CNS announced the launch of its Agentic AI Development (AIND) platform. While recent advancements in coding through natural language, known as "vibe coding," have gained attention, concerns have been raised about the potential for code generation to clash with existing systems due to a lack of understanding of enterprise sys June 8, 2026

Korea's Fair Trade Commission Launches Major Survey on Subcontracting Practices To prevent unfair subcontracting practices in the manufacturing, service, and construction sectors, South Korea's Fair Trade Commission (FTC) has initiated a comprehensive survey. On June 8, the FTC announced it will conduct a survey of 100,000 businesses regarding subcontracting transactions that took place last year. The survey will target 10,000 primary contractors and 90,000 subcontractors across the manufacturing, service, and construction industries. The primary contractors wil June 8, 2026

NVIDIA CEO Jensen Huang's Visit Fails to Boost LG Electronics Stock LG Electronics is experiencing a decline of over 9% in early trading, despite optimistic expectations surrounding its collaboration with NVIDIA. The visit of NVIDIA CEO Jensen Huang has heightened hopes for cooperation in physical artificial intelligence (AI) and robotics. However, profit-taking following a recent surge in stock prices, combined with a sharp drop in U.S. semiconductor stocks, has dampened investor sentiment. As of 9:50 a.m. on June 8, LG Electronics shares were tradin June 8, 2026

Daehan Electric Wire Wins $1.4 Billion High-Voltage Power Network Contract in Singapore Daehan Electric Wire has secured a $1.4 billion contract for a high-voltage power network project in Singapore. The company has been expanding its presence in the Singapore market, having won approximately $9 billion in contracts over the past two years, driven by the demand for AI data center expansion and power network modernization. According to industry sources, Daehan Electric Wire will supply 400kV and 230kV O.F. high-voltage cable systems to the Singapore Power Authority. The contr June 8, 2026

Trump's Approval for Economic Policy Hits Record Low Amid Inflation Concerns Voter dissatisfaction with President Donald Trump's handling of inflation and economic policy is on the rise. A survey conducted by Financial Times (FT) in partnership with polling firm Focal Data revealed that Trump's job approval ratings across ten categories are predominantly negative. In the category of 'inflation and cost of living,' only 18% of respondents rated his performance positively, while 69% expressed disapproval, marking the largest gap recorded since FT began this survey June 8, 2026

Han Seong-sook Emphasizes AI Transformation as Key Opportunity for All Citizens Han Seong-sook, nominated as Prime Minister in the second year of the Yoon Suk-yeol administration, stated on June 8 that she will focus on accelerating the transformation driven by artificial intelligence (AI) amid a global crisis. She emphasized the need to ensure that the benefits of this transformation translate into opportunities and growth for all South Koreans. "I will approach this with a sense of mission and do my utmost," she said. Arriving at her office prepared for the conf June 8, 2026