Concerns Rise Over IPO Slowdown Amid 3% Rule Discussions The Korea Exchange is set to announce guidelines prohibiting dual listings, with the criteria for exceptions being a key focus for the business community. Among the options being considered are special resolutions at shareholder meetings, the 3% rule, and majority voting by minority shareholders (MoM), with the 3% rule emerging as the most likely candidate. Companies are preparing strategies that account for the possibility of dual listings being excluded altogether. According to industry June 5, 2026

Turkey's Foreign Minister Calls for Cooperation with South Korea to Stabilize Global Order Hakan Fidan, Turkey's Foreign Minister, urged South Korea and Turkey to actively collaborate to restore the collapsing international cooperation framework and stabilize the fragmented global order. In a keynote address at the 143rd International Policy Forum at Korea University in Seoul on June 4, Fidan diagnosed that the outdated international order centered around major powers has shown its limitations. He emphasized that capable middle powers like South Korea and Turkey, with diverse b June 4, 2026

Elected Officials Begin Transition Preparations Following Local Elections Elected officials from the recent local elections have begun preparations for their terms. On June 4, they received their certificates of election, formalizing their status as elected officials, and some have started forming transition teams. According to the National Election Commission, local election offices began issuing certificates to elected officials on this day. Choo Mi-ae, who made history as the first female governor of Gyeonggi Province, paid her respects at the Hyeonchung To June 4, 2026

Thermal Management Emerges as Key Factor in Electric Vehicle Market The thermal management system, which affects the driving range and charging speed of electric vehicles, is emerging as a new opportunity for the automotive parts industry. As the transition to electrification accelerates, competition to dominate the thermal management parts market is intensifying. According to industry sources, Hyundai Wia has signed a supply contract for a thermal management system for the PBV (Purpose Built Vehicle) PV7, set to be launched by Kia next year. This expands t June 4, 2026

Kolon Mobility Group Acquires AutoHub Selca to Enter Auto Auction Business Kolon Mobility Group, a domestic importer of vehicles, is entering the auto auction business. On June 4, Kolon Mobility Group announced that it has acquired a 100% stake in AutoHub Selca, a company specializing in auto auctions. AutoHub Selca operates a large auction house in Anseong, Gyeonggi Province. With this acquisition, Kolon Mobility Group aims to complete an integrated value chain covering the entire lifecycle of vehicles, from new car purchases to resale. The company will also strengthe June 4, 2026

Voting Ballots Blocked for 19 Hours Amid Allegations of Election Fraud Protesters Gather at Jamsil Polling Station Over Ballot Shortage Supporters of individuals alleging election fraud have gathered at a polling station in Jamsil 7-dong, Songpa District, Seoul, where a ballot shortage has occurred. They have been protesting for two days, blocking the removal of ballot boxes. According to Yonhap News Agency, as of 7 p.m. on June 4, approximately 600 people, including conservative YouTubers and citizens, were gathered around the polling station set up at the W June 4, 2026

Ruling Reverses Initial Denial of User Status for Jungheung Construction The Central Labor Commission has overturned a previous ruling by a local labor committee that denied user status to Jungheung Construction and Jungheung Engineering, marking the first reversal since the implementation of the Yellow Envelope Law. The commission determined that the companies must negotiate with subcontractor unions on issues related to industrial safety. On June 4, the Central Labor Commission canceled the Jeonnam Regional Labor Committee's decision to dismiss a request by t June 4, 2026

NVIDIA's Jensen Huang to Meet with NCSoft's Kim Taek-jin and Krafton's Chang Byung-kyu to Discuss AI Collaboration Jensen Huang, CEO of NVIDIA, is set to meet with leaders from South Korea's gaming industry to discuss potential collaborations in artificial intelligence (AI) during his visit to the country. The partnership between NVIDIA and local gaming companies, which has primarily focused on graphics processing units (GPUs) and game development, is now expanding into the realms of physical AI and robotics. According to the gaming and information technology sectors on June 4, Huang is scheduled to June 4, 2026

NVIDIA CEO Jensen Huang to Arrive in Seoul for Business Meeting Jensen Huang, CEO of NVIDIA, will arrive in South Korea on June 5 at 1 p.m. According to Yonhap News on June 4, an NVIDIA representative confirmed that Huang will enter the country through Gimpo Airport. Huang is expected to briefly share his thoughts upon arrival at the airport. This visit marks his first trip to South Korea in about seven months, following his last visit in late October of the previous year. After leaving the airport, Huang will head to a popular restaurant in Seoul June 4, 2026

Protests Continue Over Ballot Box Delays in Seoul Protests are ongoing at the Jamsil 7-dong polling station in Songpa-gu, Seoul, where supporters of election fraud allegations are blocking the removal of ballot boxes amid a ballot shortage. According to Yonhap News, as of 7 p.m. on June 4, approximately 600 people, including conservative YouTubers and citizens, gathered around the polling station set up at the Wuseong Apartment community center. They are demanding the preservation of two ballot boxes containing about 2,000 ballots. Unl June 4, 2026