Special Prosecutors Investigate Former Police Chief Yoon Hee-keun in Unification Church Case The second special investigation team, led by Special Prosecutor Kwon Chang-young, is probing allegations that the police covered up an investigation into overseas gambling linked to the Unification Church. On May 29, the team announced that it conducted raids on the residences and offices of four individuals, including former Police Chief Yoon Hee-keun and former Gangwon Police Chief Kim Do-hyung, the day prior. The special investigation team executed search warrants based on allegations May 29, 2026

Early Voting for Local Elections Sees Record Turnout at 10.39% As of 5 p.m. on May 29, the first day of early voting for the 9th nationwide local elections, the national voter turnout reached 10.39%. This marks the highest early voting rate recorded since the June 4, 2014 local elections. According to the National Election Commission, from 6 a.m. to 5 p.m. on this day, 463,981 voters out of a total of 44,649,908 registered voters participated in early voting. This turnout is 1.19 percentage points higher than the same time during the early voting for May 29, 2026

LG Electronics Denies Claims of Workplace Harassment in Stabbing Incident LG Electronics stated on May 29 that there was no termination notice given to the assailant on the day of the violent incident involving a subcontractor employee, and claims that the victims had previously ignored the assailant have not been substantiated. According to LG Electronics, the company requested a personnel change from the assailant's employer on May 12, citing inadequate work performance. An executive from the assailant's company reportedly held a one-on-one meeting with the May 29, 2026

Shift to Fair Value in Mergers Could Transform South Korea's M&A Landscape A proposed amendment to the capital markets law that applies 'fair value' in mergers of listed companies is expected to reshape South Korea's mergers and acquisitions (M&A) market. The current system, which primarily relies on average stock prices for merger valuations, may shift to a model that incorporates asset value, earnings potential, and future growth prospects, leading to significant changes in restructuring and merger strategies for listed companies. According to financial invest May 29, 2026

Samsung Maintains Lead in Global TV Market, But TCL's Growth Narrows Gap Samsung Electronics maintained its position as the leading global TV manufacturer by shipment volume in the first quarter of this year. However, the growth of China's TCL has accelerated, narrowing the market share gap between the two companies compared to a year ago. According to industry sources on May 29, market research firm Counterpoint Research reported that Samsung's global TV shipments increased by 8% year-on-year in the first quarter. Samsung's market share rose from 16.1% in the May 29, 2026

Weather Forecast: Clear Skies and Early Summer Heat Expected Nationwide On Saturday, May 30, clear skies are expected across the country, with daytime temperatures rising significantly, leading to early summer heat. Daegu is forecasted to reach a high of 32 degrees Celsius, with notable warmth particularly in the Gyeongsang region. According to the Korea Meteorological Administration on May 29, the weather on May 30 will be influenced by high pressure moving eastward over the Yellow Sea, resulting in generally clear conditions nationwide. While there are no s May 29, 2026

Samsung SDS Executive Advocates Redesigning Processes for AI Transition "The transition to artificial intelligence (AI) in businesses is not merely about adopting AI tools; it requires a comprehensive redesign of work processes, data management, and organizational operations," said Shin Gye-young, Vice President and head of the AI Business Team at Samsung SDS. Shin made these remarks during a presentation on 'Transitioning to AI Native Enterprises' at the Samsung SDS AX Summit held on May 29 at the company's Jamsil campus in Songpa, Seoul. The summit focused May 29, 2026

NCSOFT to Launch 'Lineage 2M' in China on June 24 with 4.95 Million Pre-Registrations NCSOFT will begin the Chinese service of its MMORPG 'Lineage 2M' on June 24. With this launch, Lineage 2M will become the only mobile game that NCSOFT currently offers in the Chinese market. The company already provides PC games such as 'Lineage,' 'Lineage 2,' and 'Blade & Soul' in China. On May 29, NCSOFT announced that its local publisher, Tencent Games, revealed the service schedule for China on its official website. The Chinese service will be titled 'Heaven 2: Pact.' Tencent Games wi May 29, 2026

Dunamu's Valuation Soars as Securities Firms and Banks Compete for Partnerships As the token securities (STO) market prepares for significant growth, domestic securities firms and banks are ramping up investments to secure blockchain infrastructure and partnerships with virtual asset operators. However, despite the proactive investment efforts from the financial sector, the market continues to face delays in the implementation of regulatory frameworks following the passage of relevant legislation. According to the financial investment industry on May 29, Samsung Secu May 29, 2026

KOSPI Surges Past 8400 as National Pension Fund Raises Domestic Stock Target to 20.8% The National Pension Fund has significantly raised its target allocation for domestic stocks from 14.9% to 20.8% in response to the recent explosive growth in the domestic stock market. On May 29, the KOSPI index reached a record high, alleviating fears of mass sell-offs by pension funds. Despite the impact of the Middle East conflict earlier this year, the National Pension Fund achieved a solid 4.42% return in the first quarter, surpassing 1500 trillion won in reserves. Fund Committee May 29, 2026