Korea's Trade Chief Meets EU Counterpart to Address Steel Regulation Concerns Yeo Han-goo, head of the Trade Negotiation Headquarters at the Ministry of Trade, Industry and Energy, met with the European Union's trade chief to express concerns from South Korea's steel industry ahead of the EU's new steel regulations set to take effect next month. He also participated in discussions on World Trade Organization (WTO) reforms, emphasizing the need to address trade issues amid rising protectionism. The Ministry reported that Yeo attended the OECD Ministerial Council Meet June 5, 2026

Paris Invites Korean Tourists with New Attractions Amid Monet's 100th Anniversary Paris is actively promoting new tourism content to attract Korean travelers this year, coinciding with the 140th anniversary of Korea-France relations and the 100th anniversary of the death of Impressionist painter Claude Monet. The Korean market holds significant importance in Paris's tourism industry. According to the French tourism office, approximately 267,000 Korean tourists visited the Île-de-France region last year, accounting for 9% of Asian visitors. Notably, Korean tourists' s June 5, 2026

Business Leaders Express Concerns Over New Dual Listing Guidelines Concerns are rising that the administration of Lee Jae-myung will hinder domestic companies' ability to secure funding for future growth by implementing guidelines that generally prohibit dual listings for subsidiaries and affiliates, allowing exceptions only in specific cases. There are also worries that detailed regulations favoring minority shareholders could infringe on the rights of controlling shareholders. According to sources in the securities industry, the Korea Exchange is expec June 5, 2026

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