Special Prosecutors Investigate Former Presidential Secretary Yoon Jae-soon for Abuse of Power The special prosecutor team, led by Kwon Chang-young, is intensifying its investigation into allegations surrounding the relocation of the presidential residence by summoning former presidential chief secretary Yoon Jae-soon for questioning. On June 5, the special prosecutor's office announced in a media statement that it is investigating Yoon as a suspect for abuse of power, having summoned him for questioning starting at 10 a.m. today. Yoon, who oversaw the practical aspects of the pr June 5, 2026

April Current Account Surplus Reaches $28.29 Billion, Yearly Total Exceeds $100 Billion Strong semiconductor exports have propelled South Korea to record a current account surplus of over $28.29 billion in April. The cumulative surplus for the year has now surpassed $100 billion through April. According to preliminary statistics released by the Bank of Korea on June 5, the current account for April was recorded at a surplus of $28.29 billion (approximately 43.37 trillion won). This marks the second-largest surplus on record, following March's surplus of $37.93 billion. The June 5, 2026

SK Group's Chey Tae-won Leads Meeting with Nvidia's Jensen Huang to Strengthen AI and Memory Alliance As Jensen Huang, CEO of Nvidia, visits South Korea and meets with key industry figures, anticipation is building for the "Samsso Meeting" scheduled for the evening of June 5, featuring Korean barbecue and soju. Chey Tae-won, chairman of SK Group and the oldest participant, is expected to play a pivotal role in enhancing collaboration between the business community and Nvidia. According to industry sources, Huang will arrive in South Korea on June 5 and visit T1 Basecamp, operated by T1, a June 5, 2026

Jensen Huang's Meeting Location Changed from Seongsu-dong to Hongdae Ahead of NVIDIA CEO Jensen Huang's visit to South Korea, the location for the highly anticipated "pork belly and soju meeting" has reportedly been changed. Initially, an online media outlet confirmed that the gathering would take place at Seongsu-dong's Seokam Saeng Salt Grilled Meat restaurant. However, on the day of the visit, reports emerged that the meeting location had shifted to a meat restaurant near Hongdae, sparking increased interest. The reason for the change has not been June 5, 2026

LG Group Strengthens Alliance with NVIDIA in Physical AI Development LG Group is emerging as a key partner in NVIDIA's physical artificial intelligence (AI) ecosystem. Koo Kwang-mo, Chairman of LG Group, has positioned AI and robotics as core growth pillars for the company, leading to an expansion of collaboration with NVIDIA.According to industry sources, NVIDIA introduced LG Electronics as a major partner for its physical AI foundation model, Cosmos 3, during the GTC 2026 event held recently in Taiwan. LG Electronics is utilizing the Cosmos platform to advance June 5, 2026

South Korea Discusses Resource Security Cooperation with Aramco Amid ongoing uncertainties from the Middle East conflict, the South Korean government has engaged in discussions with Saudi Arabia's state-owned oil company, Aramco, regarding resource security cooperation. The Ministry of Trade, Industry and Energy announced that Deputy Minister Moon Shin-hak met with Mohammed Y. Al-Qahtani, President of Aramco's Downstream sector, in Seoul on June 5. This meeting was held during Al-Qahtani's visit to South Korea, where both sides focused on long-term r June 5, 2026

Government to Create 'Vault' for Manufacturing Data Management for M.AX The government is establishing a secure infrastructure for storing and managing manufacturing data to facilitate the transition to manufacturing artificial intelligence (M.AX). A key component of this initiative is the creation of a 'manufacturing data library' and the establishment of a 'clean room' to prevent external data leaks. On June 5, the Ministry of Trade, Industry and Energy held the '3rd M.AX Expert Conference' with industry, academia, and research experts to announce these plans June 5, 2026

South Korea and Serbia Finalize First Free Trade Agreement in the Balkans South Korea has reached an agreement with Serbia on a Comprehensive Economic Partnership Agreement (CEPA), marking the first free trade agreement (FTA) in the Balkans. This deal is expected to enhance opportunities for South Korean companies in the Western Balkans and European markets, while expanding the foundation for cooperation in supply chains and future industries such as minerals. The Ministry of Trade, Industry and Energy announced that Yeo Han-goo, head of the Trade Negotiation He June 5, 2026

ZEEKER Launches 7X Mid-Size Electric SUV in South Korea ZEEKER, a premium electric vehicle brand from China, has officially entered the South Korean market with the launch of its mid-size electric sports utility vehicle (SUV) 7X. On June 5, ZEEKER Korea announced that the 7X is now on display and available for pre-order at nine showrooms across the country, including in Seoul. The 7X is a facelift model making its debut outside of China. Designed as a pure five-seater electric SUV, it is built on Geely Automobile Group's dedicated electric vehi June 5, 2026

French Chamber of Commerce Hosts Successful 'Career Forum 2026' in Busan The French Chamber of Commerce in Korea (FKCCI) and the French Embassy in Korea co-hosted the 'Career Forum 2026 (Forum Emploi)' last week, with support from the Korea Chamber of Commerce and Industry (KCCI), Pusan National University, and Alumni Day, a global cooperation program of the French Ministry of Foreign Affairs. This year’s event was particularly significant as it was held in Busan for the first time, aligning with the Lee Jae-myung administration's '5 Regions, 3 Special' policy June 5, 2026