Samsung and Posco Engage in Final Bidding for Shinbanpo Reconstruction Project As the selection meeting for the construction company for the integrated reconstruction of Shinbanpo 19 and 25 approaches, competition between Samsung C&T and Posco E&C is heating up. Samsung C&T is promoting its 'Raemian' brand and a design that highlights views of the Han River, while Posco E&C is focusing on its high-end brand 'Otier' and financial support for union members to sway votes. According to the construction industry on May 29, the Shinbanpo 19 and 25 integrated reconstructi May 29, 2026

Youth Designers Tackle Community Issues Through Public Design Lab A new initiative called the 'Public Design Lab' is set to launch, allowing youth to identify and address local and societal issues through public design. On May 29, the Ministry of Culture, Sports and Tourism and the Korea Craft and Design Foundation announced that eight universities and affiliated research institutes were selected for this year's program, which focuses on the theme of connecting communities and daily life through public design. The Public Design Lab is a project where May 29, 2026

Samsung Electronics Surpasses 2 Trillion Won Market Cap with 5.8% Surge Samsung Electronics saw a nearly 6% surge, closing at a record high. Its market capitalization, including preferred shares, surpassed 2 trillion won for the first time in history. On May 29, the Korea Exchange reported that Samsung Electronics finished trading at 317,000 won, up 5.84% from the previous day. This surpasses the previous closing high of 307,000 won set on May 27, following a stock split in 2018. The stock opened at 309,500 won, rising to an intraday high of 319,000 won. Sam May 29, 2026

Samyang Group Acquires Japanese Flavor Company for 390 Billion Won Samyang Group is expanding its global specialty business by acquiring a Japanese flavor company.On May 29, Samyang Group announced that its food subsidiary, Samyang Foods, will acquire 100% of the shares of Soda Aromatic, a Japanese flavor and fragrance company, through its Japanese subsidiary.The acquisition involves the complete stake held by Toray and Mitsui & Co., with a total purchase price of approximately 41 billion yen (about 390 billion won). The two companies plan to complete administr May 29, 2026

Samsung SDS Hosts AI Transformation Summit, Unveils Strategic Roadmap Samsung SDS held its "AI Transformation (AX) Summit" on May 29 at the Magellan Hall in its Jamsil campus in Seoul, where it unveiled its direction for transitioning to an AI-native company and presented a technological roadmap for AX innovation. The summit focused on practical AX implementation cases and strategies. The event attracted over 600 attendees from more than 320 companies, including clients using Samsung SDS's AI agent platform Fabricx, the work automation solution Briti Automa May 29, 2026

Massage Chairs and Healthcare Devices Expand into Comprehensive Wellness Solutions The massage chair and healthcare industry is rapidly evolving into comprehensive wellness solution providers, leveraging sophisticated product designs, medical device certifications, and artificial intelligence (AI) technology. According to industry sources, Seragem has adopted the slogan 'AI Wellness Home' this year, diversifying its portfolio to include spinal medical devices (Master Series), massage chairs (Pause Series), a depression treatment device called 'MindFit', water purifiers, May 29, 2026

CJ Olive Young Launches First U.S. Store in Pasadena, California CJ Olive Young is making its entry into the U.S. market by opening its first offline store in Pasadena, California, targeting the world's largest beauty market. The company aims to expand its reach to local consumers by launching an experiential store featuring K-beauty products alongside a dedicated online store.According to industry sources, the Pasadena store, which opened on May 29, is a single-story building with a total area of 803 square meters (approximately 243 pyeong). It features over May 29, 2026

Rising Star: Resenne's Wony Gains Popularity Through Viral Content A YouTube video has changed the fate of a previously unknown idol. This is the story of Wony from the girl group Resenne, who gained attention through the influx of fans from comedian Lee Sun-min. Recently, Resenne has been rising in popularity, aided by the algorithm of 'gal' content. On various social media platforms and online communities, videos related to Wony are rapidly spreading with comments like, "The most likable female idol these days," "An idol raised by a comedian," and "The May 29, 2026

Minister Jeong Dong-young Engages Students at His Alma Mater on Peace Education Minister Jeong Dong-young visited his alma mater, Jeonju High School, on May 29 to serve as a one-day peace education teacher during the 14th Peace Education Week. During his visit, Jeong addressed first-year students on the topic of "Peaceful Coexistence and Joint Growth on the Korean Peninsula," emphasizing the importance of a peaceful Korea. Before the lecture, he held a discussion with school officials, including Principal Jang Kyung-ho and Chae Sun-young, head of the Jeonju Education Suppor May 29, 2026

Prolonged Suspension for Prosecutor Park Sang-yong Amid Ongoing Investigations The Ministry of Justice has effectively extended the suspension of Park Sang-yong, a deputy chief prosecutor at the Incheon District Prosecutors' Office, indefinitely. Following a request for disciplinary action from the Supreme Prosecutors' Office, additional investigations by the Incheon District Prosecutors' Office are underway, raising expectations for a potential increase in the severity of the disciplinary measures. According to legal sources on May 29, the Ministry of Justice sent May 29, 2026