KB Financial Group Accelerates CEO Succession Process, Final Candidates Set for September 11 KB Financial Group is officially launching its management succession process for the next chairman. The company plans to finalize a shortlist of candidates in August and select the final candidate by September. Yang Jong-hee, the current chairman of KB Financial, is set to complete his term on November 20.On June 2, KB Financial announced that its Chairman Candidate Recommendation Committee (Succession Committee) held a meeting and narrowed down the initial list of 20 candidates to 12, comprisin June 2, 2026

Protection Period for Minor Victims of Sexual Violence Extended to Age 25 Under new regulations, minor victims of sexual violence will be allowed to stay in protective facilities until they turn 25, receiving support for recovery, counseling, and independence. The Ministry of Gender Equality and Family announced that the revised enforcement decree of the "Act on the Prevention of Sexual Violence and Protection of Victims" was approved during a cabinet meeting on June 2. This revision aligns with the implementation of the amended law, which passed the National June 2, 2026

South Korea's Justice Ministry Publishes Legal Guide for Companies Entering Australia A practical guide has been developed to support South Korean companies in entering the Australian market and addressing local legal risks. On June 2, the Ministry of Justice announced the publication of the "Legal Guide for Overseas Expanding Companies - Australia Edition" to help domestic businesses accurately understand Australia’s legal and regulatory environment as they pursue operations there. Australia is one of the countries with high demand for South Korean companies, particular June 2, 2026

South Korea Revives Committee to Recover Assets from Pro-Japanese Collaborators The South Korean government is taking steps to recover assets unjustly accumulated by pro-Japanese collaborators, aiming to restore historical justice. On June 2, the government announced the re-establishment of the Pro-Japanese Property Investigation Committee and the enactment of the Special Act on the National Confiscation of Property of Pro-Japanese Collaborators. This marks the committee's revival after 16 years of inactivity. The new legislation will take effect on December 2, si June 2, 2026

Dongyang, a Unit of Eugene Group, Announces 719 Billion Won Stock Buyback and Cancellation Dongyang, a subsidiary of Eugene Group, is taking steps to enhance its corporate value through a significant stock buyback and consolidation. On June 2, Dongyang held a board meeting and resolved to cancel a total of 24,611,979 shares, including 24,439,999 common shares and 171,980 preferred shares. The cancellation amounts to approximately 719 billion won based on book value, representing 10.26% of the total issued shares. This cancellation is expected to provide shareholder returns, June 2, 2026

LG Household & Health Care Unveils Steroid-Free Solution for Female Hair Loss LG Household & Health Care has developed a new solution to alleviate female-pattern hair loss without using steroid ingredients. The company announced on June 2 that it has discovered a solution that can help improve the environment for hair growth and mitigate female-pattern hair loss without relying on steroid-derived components. This research was presented at the World Congress for Hair Research (WCHR). Historically, treatment options for female-pattern hair loss have been limite June 2, 2026

HK Inno.N's Beauty Brand B-Wants Launches at Olive Young in the U.S. HK Inno.N announced that its slow-aging skincare brand, B-Wants, will be available at the Olive Young store in Pasadena, California, as well as on its online platform. This entry into the U.S. beauty market represents more than just an expansion of sales; it is a strategic move to establish a global business foundation. With this launch, B-Wants aims to target local consumers in the U.S. The brand will showcase its flagship product, the Peptide-X Firming Eye Serum Stick, along with the June 2, 2026

Anthropic Leads AI IPO Race with $1.4 Trillion Valuation Anthropic has taken the lead in the race for an initial public offering (IPO) among AI companies by submitting a confidential S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). On June 1, Anthropic officially announced that it had submitted the draft for its common stock offering to the SEC. The number of shares and the offering price have yet to be determined, and the timing of the IPO will depend on market conditions. The company is expected to go publi June 2, 2026

Samsung Heavy Industries Wins $3.2 Billion FLNG Contract in North America Samsung Heavy Industries has secured a contract for one floating liquefied natural gas production facility (FLNG) worth 4.33 trillion won (approximately $3.2 billion) from a client in North America. According to Samsung Heavy Industries, construction is set to begin following the issuance of the client's notice to proceed, with delivery scheduled for July 2030. The company has reportedly captured 64% of the global FLNG market, having secured seven out of the eleven new FLNG units built to June 2, 2026

SpaceX Plans $750 Billion IPO, Allocates 5% of Shares to Employees and Associates SpaceX has allocated a portion of its shares for its upcoming initial public offering (IPO) to employees and associates. The company is preparing for a massive listing expected to raise approximately $750 billion, while also revealing the possibility of an early termination of a significant AI computing lease with Anthropic. On June 1, CNBC reported that SpaceX disclosed in a revised securities filing that up to 5% of the IPO shares will be allocated to a direct stock program. This program June 2, 2026