People Power Party Criticizes Prime Minister Nomination Amid Voting Paper Shortage The People Power Party criticized President Lee Jae-myung's nomination of Han Seung-sook as the new Prime Minister on June 7, calling it a "political maneuver to change the narrative." Choi Bo-yoon, the party's spokesperson, expressed deep concern in a statement, questioning whether this is the right time for a Prime Minister change. He emphasized that addressing the "voting paper shortage crisis" should take precedence over the Prime Minister's nomination. Choi noted that public ou June 7, 2026

Ruling Party Welcomes Han Seong-sook's Nomination as Prime Minister The Democratic Party of Korea praised the nomination of Han Seong-sook as Prime Minister on June 7, stating it will serve as a significant milestone in advancing the "Artificial Intelligence (AI) national strategy" and expanding women's leadership. During a briefing at the National Assembly, floor spokesperson Lee Joo-hee expressed strong support for the nomination, saying, "As we mark the first anniversary of the Lee Jae-myung administration, we welcome the nomination of a new Prime Mini June 7, 2026

Prime Minister Kim Min-seok Calls for Resignations Over Election Ballot Shortage Prime Minister Kim Min-seok stated on June 7 that the recent shortage of ballots for the June 3 local elections warrants the resignation of senior officials at the Election Commission. During a meeting at the Government Seoul Building with current and former student council representatives, Kim expressed his disbelief over the situation, saying, "This incident is something I have never heard of before, and it is unacceptable. The public's outrage and calls for accountability are enti June 7, 2026

Jensen Huang and Chey Tae-won Meet Again for Second 'Kkanbu' Gathering Jensen Huang, CEO of NVIDIA, and Chey Tae-won, chairman of SK Group, met again just two days after their initial gathering.The two leaders held an impromptu meeting on June 7 at Kkanbu Chicken in Gangnam, Seoul, following their previous encounter on June 5 near Hongdae, where they enjoyed a meal together.Huang arrived at the venue around 6:45 p.m., where he greeted fans and signed autographs for waiting citizens, showcasing his approachable demeanor.Fifteen minutes later, Chey appeared in casual June 7, 2026

First Indictments Expected from Special Prosecutor's Office After 100 Days The second special prosecutor team, led by Kwon Chang-young, is nearing its first indictment after more than 100 days since its establishment. Following the completion of the first face-to-face investigation of former President Yoon Suk Yeol, the investigation is accelerating into major cases, including allegations of preferential treatment in the relocation of the presidential office, the justification of martial law messaging, and the alleged cover-up of investigations involving Kim Kun June 7, 2026

President Lee Orders Joint Investigation into Election Paper Shortage President Lee Jae-myung announced on June 7 that he has instructed the establishment of a joint investigation team involving both the prosecution and police to clarify responsibility regarding the ballot shortage during the June 3 local elections. In a statement on Facebook, President Lee emphasized that the government will take all necessary measures at the administrative level, considering the seriousness of the situation.He criticized the National Election Commission (NEC) for causing signifi June 7, 2026

May Currency Trends: Average Exchange Rate Hits 1490 Won Amid Middle East Conflict The won-dollar exchange rate has surged to its highest level since the financial crisis due to geopolitical risks stemming from the Middle East. As U.S.-Iran peace negotiations stall, international oil prices have skyrocketed, exacerbating the downward pressure on the won amid foreign capital outflows. According to the Bank of Korea's economic statistics system, the average exchange rate for the won against the U.S. dollar last month was recorded at 1491.26 won. The exchange rat June 7, 2026

May Economic Data: Record Exports Boost Business Sentiment Amid Recovery Hopes Last month, despite geopolitical risks from the Middle East and pressures from high oil prices and exchange rates, exports, particularly in semiconductors, showed strong performance, leading to improved business sentiment.According to the Ministry of Trade, Industry and Energy, exports in May reached $87.75 billion (preliminary customs data), marking a 53.2% increase compared to the same month last year. This is the third consecutive month that exports have exceeded $80 billion since March.Semic June 7, 2026

NVIDIA CEO Jensen Huang Throws First Pitch at KBO Game Jensen Huang, CEO of NVIDIA, took to the mound in South Korea's professional baseball league.Huang made a surprise appearance as the first pitcher before the start of the 2026 Shinhan SOL Bank KBO League game between the Doosan Bears and Kiwoom Heroes on June 7 at Seoul's Jamsil Baseball Stadium. This event was reportedly made possible after Huang expressed his desire to attend a Korean professional baseball game directly to the Doosan organization.During the pre-game ceremony, Huang donned a D June 7, 2026

May Economic Data: Consumer Sentiment Rises Amid Soaring Prices In May, the most noticeable expense for 40-something office worker Kim was fuel costs. Traveling every weekend between his children's academy and his parents' home, Kim felt that the burden of filling up his tank had significantly increased. The cost of summer vacation flights also posed a challenge. While planning a family trip, he found that airfare and accommodation prices had risen more than expected, leading him to consider scaling back or postponing his plans. The financial strain f June 7, 2026