Korea's Ministry of Culture Launches Initiatives to Attract Foreign Tourists The Ministry of Culture, Sports and Tourism is launching initiatives to attract foreign tourists to various regions in South Korea, coinciding with the record number of visitors this year, particularly around the BTS concert in Busan. On June 1, the ministry announced that it will hold a "Welcome Week" event at Gimhae International Airport from June 1 to June 14, in collaboration with the Korea Tourism Organization and the Korea Visit Year Committee. This event is designed to accommodate th June 1, 2026

Naver Shares Surge Amid Anticipation of Jensen Huang's Visit Naver's stock has continued to rise sharply as expectations grow for collaboration in artificial intelligence (AI) with Jensen Huang, CEO of Nvidia, who is expected to visit South Korea this week. According to the Korea Exchange, as of 10:23 a.m. on June 1, Naver shares were trading at 260,500 won, up 26,500 won (11.32%) from the previous day. The stock opened at 247,500 won and briefly reached 262,000 won in early trading. Industry sources indicate that Huang will discuss AI collaborati June 1, 2026

LG Display Unveils Gaming OLED Lineup in Taiwan LG Display is accelerating its entry into the rapidly growing global gaming OLED market. The company aims to strengthen its leadership in the premium gaming monitor sector with a robust product lineup and next-generation technology roadmap. Starting June 4, LG Display will host a "Taiwan Gaming OLED Roadshow" in Taipei for key global clients, running until June 10. The event will feature over 20 global gaming monitor manufacturers who will experience LG Display's new technologies firs June 1, 2026

NCSoft Reports Strong Growth Driven by Legacy IP and New Ventures NCSoft is demonstrating the results of its two-year restructuring efforts through its first-quarter performance. The revival of legacy game intellectual properties (IPs) and the integration of mobile casual gaming have led to revenues and profits that significantly exceed market expectations. Industry experts view NCSoft's restructuring as the beginning of a structural transformation rather than a one-time event. According to the gaming industry on June 1, NCSoft reported its first-quarte June 1, 2026

Hyundai Rotem Shares Rise 8% on Increased K2 Tank Production and Export Prospects Hyundai Rotem's shares surged by 8% in early trading, driven by expectations of increased production capacity and overseas defense contracts in the second half of the year. According to the Korea Exchange, as of 10:07 a.m., Hyundai Rotem's stock was trading at 216,000 won, up 7.73% (15,500 won) from the previous trading day. Analysts noted that following a recent inspection of Hyundai Rotem's Changwon plant, there is growing optimism about the defense sector's growth potential and addi June 1, 2026

Korean Bar Association Expresses Regret Over Court's Reduction of Attorney Fees The Korean Bar Association, led by President Kim Jung-wook, recently expressed regret over a series of court rulings that retroactively reduce attorney fees agreed upon between lawyers and clients. In a statement on June 1, the association emphasized that "the principle that contracts must be upheld is fundamental to our judicial order," asserting that agreements made freely by the parties involved should be respected. It stressed that court intervention should be limited to exceptional June 1, 2026

Semiconductor Demand Drives Record $87.7 Billion in May Exports, Surplus Reaches $101.9 Billion South Korea's exports surged over 50% year-on-year in May, reaching a record high. Despite uncertainties stemming from the Middle East conflict, semiconductor exports more than doubled, significantly contributing to the overall increase. The average daily export value also surpassed $4 billion for the first time, with the surplus from January to May exceeding annual records. According to the Ministry of Trade, Industry and Energy and the Korea Customs Service, May's export value totaled $ June 1, 2026

Korbit Launches Contact-Based Cryptocurrency Transfer Service Korbit, a leading cryptocurrency exchange in South Korea, has introduced a new service that allows users to send virtual assets using only a phone number and real name. This service eliminates the need for complex wallet address entries, enhancing the convenience of cryptocurrency transfers to resemble traditional bank transfers. On June 1, Korbit announced the launch of its "Send via Contact" service, which enables users to transfer virtual assets without entering the recipient's wall June 1, 2026

Bank of Korea Governor Shin Hyun-sung Emphasizes Trust as the Essence of Currency Bank of Korea Governor Shin Hyun-sung emphasized that the essence of currency lies in trust, not technology. He explained that the central bank's role is to provide a public framework that allows society to trust and use currency. In his opening remarks at the '2026 BOK International Conference' held on June 1 at the Bank of Korea headquarters in Seoul, Shin stated, "The origin of the central bank is fundamentally related to its public nature, which is a very compelling argument." Shi June 1, 2026

Companies Honor Fallen Heroes with Memorial Activities As Memorial Day and the Month of National Defense approach, various companies are engaging in social contribution activities to honor veterans. Executives and employees are participating directly to commemorate the sacrifices of fallen heroes and fulfill their social responsibilities. According to industry sources, SKC conducted a grave site cleaning activity at the National Seoul Memorial Cemetery to honor fallen heroes ahead of the 71st Memorial Day. The event included participation from June 1, 2026