AI Pick
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Women Demand Accountability from U.S. Military in Historic Lawsuit
Women who claim they were forced into prostitution and had their human rights violated in military base towns in South Korea are calling for accountability from the U.S. military in a landmark damages lawsuit against the South Korean government. According to Yonhap News, the Seoul Central District Court's Civil Division 22, led by Judge Park Jeong-ho, held the first hearing on May 29 for a lawsuit filed by 117 victims seeking damages from the Republic of Korea. The plaintiffs emphasized t
May 29, 2026
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High Demand for Public Housing in Wangseok 2 District with 126.8:1 Competition Rate
In the Wangseok 2 District of Namyangju, Gyeonggi Province, the first public housing subscription for the A-1 and A-3 blocks closed with triple-digit competition rates. According to the Korea Land and Housing Corporation (LH) on May 29, the general subscription for the A-3 block attracted 20,671 applicants for 163 units, resulting in an average competition rate of 126.8 to 1. Among the housing types, the 59㎡ A-type saw the most intense competition, with 6,066 applicants vying for 14
May 29, 2026
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S&P: Korea Investment & Securities Has Sufficient Capital to Invest in Coinone
Global credit rating agency S&P Global Ratings has assessed that Korea Investment & Securities' investment in Coinone will impose limited financial burdens. The investment amount is not significant compared to Korea Investment & Securities' capital capacity, and the recent upturn in the stock market suggests that the firm has the financial capability to pursue a strategy of expanding into the digital asset sector. In a report released on May 29, S&P stated that Korea Investment & Securiti
May 29, 2026
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Three Dead in Seosomun Overpass Collapse; Police Complete 11-Hour Search
Authorities have concluded an 11-hour search of the Seoul city government and construction companies involved in the Seosomun overpass collapse that resulted in three fatalities. According to Yonhap News, the Seoul Metropolitan Police Agency's special investigation unit and the Ministry of Employment and Labor's southern Seoul office conducted the search from 9 a.m. to 8 p.m. on May 29, targeting seven locations, including the Seoul Infrastructure Headquarters and the headquarters of the
May 29, 2026
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Police Uncover Site Distributing Group Sex Videos, Arrest Multiple Members
Police have identified and arrested the operators and members of an online site that distributed pornographic material, recruiting thousands of members. Authorities are expanding their investigation to include members involved in the distribution of explicit content. According to Yonhap News on May 29, the Cyber Investigation Unit of the Seoul Metropolitan Police Agency arrested eight individuals, including the operator identified as A, on charges of distributing obscene material under th
May 29, 2026
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National Growth Fund Raises 600 Billion Won in One Week, Attracts 30,000 Investors
The National Participation Growth Fund has fully subscribed its total offering of 600 billion won within just one week of its launch. The Financial Services Commission announced on May 29 that the entire amount was sold out due to strong public interest and demand. Originally, the subscription period was set to last until June 11, but the limit was reached within the first week of sales. A total of 30,258 investors participated in this round. Of these, 15,207 subscribed through banks, wh
May 29, 2026
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Early Voting for Local Elections Hits Record High at 11.6%
On the first day of early voting for the Ninth Nationwide Simultaneous Local Elections, the turnout reached 11.6%, marking the highest figure since early voting was introduced for local elections. The National Election Commission reported that from 6 a.m. to 6 p.m. on May 29, 518,486 out of 44,649,908 eligible voters cast their ballots, resulting in an initial early voting rate of 11.60%. This figure is 1.42 percentage points higher than the first-day early voting rate of 10.18% recorded d
May 29, 2026
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Minister Kwon Oh-eul Calls Starbucks' 'Tank Day' Marketing Corporate Misstep
Minister of Veterans Affairs Kwon Oh-eul criticized Starbucks Korea's marketing campaign related to the May 18 Democratic Uprising, stating, "This is not an individual misstep but a corporate marketing strategy. It deserves condemnation and should be penalized." During a press conference on May 29 at the Defense Convention in Yongsan, Kwon remarked that the campaign exploited a painful national event as part of corporate marketing. In light of the 'Tank Day' controversy, the Ministry
May 29, 2026
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Oh Se-hoon Resumes Campaign, Calls Police Search a Government Election Interference
Oh Se-hoon, the candidate for Seoul mayor from the People Power Party, resumed his campaign on May 29, three days after the Seosomun overpass collapse halted his activities. He strongly criticized the police's search of Seoul City Hall, calling it "blatant election interference," while focusing his efforts on winning over voters in the northern districts and among young people. On the first day of early voting for the June 3 local elections, Oh completed his own early vote in Yongsa
May 29, 2026
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South Korea and Kazakhstan Discuss Expanding Energy and AI Cooperation
Wi Sung-lak, the Chief of South Korea's National Security Office, met on May 29 with Roman Sklyar, the Chief of Staff to the President of Kazakhstan, and Gizat Nurdauletov, Secretary of the National Security Council, to discuss energy and supply chain cooperation between South Korea and Kazakhstan.According to the Blue House, Wi reviewed the current status of cooperation in energy and supply chains with the Kazakh officials.He emphasized that Kazakhstan, the world's 12th largest oil producer, is
May 29, 2026