New Fund Acquires 960.2 Billion Won in Long-Term Delinquent Loans, Aiding 116,000 Debtors The New Leap Fund has acquired an additional 960.2 billion won in long-term delinquent loans held by the National Agricultural Cooperative Federation Asset Management Company, mutual finance institutions, and private lenders. This acquisition will benefit approximately 116,000 debtors, and collection efforts will cease immediately. On May 29, the Financial Services Commission announced that the New Leap Fund purchased long-term delinquent loans from various entities, including the Nationa May 29, 2026

Savings Banks Report 333.8 Billion Won Profit in Q1 Despite Rising Delinquency Rates Savings banks in South Korea reported a net income of 333.8 billion won in the first quarter of this year, continuing their profitability trend. While the increase in non-interest income and a reduction in provisions for bad debts contributed to improved performance, the delayed economic recovery and weakened repayment ability among borrowers led to a rise in delinquency rates. According to the Savings Bank Association's report on the first quarter of 2026, the net income for the sector wa May 29, 2026

Simmons Reports Strong Sales for Twin Super Single Frames Amid Rising Interest in Independent Sleep Simmons announced on May 29 that interest in its Twin Super Single (TSS) frame, which can accommodate two super single (SS) mattresses, is growing. This trend is driven by an increasing demand from couples and families who want to choose mattresses tailored to their individual body types and sleep habits.According to Simmons, sales of the TSS frame 'Houti' have surged by 92% this month compared to its launch in January. Another TSS frame, 'Marpi,' also saw a 33% increase in sales during the same May 29, 2026

Anthropic Surpasses OpenAI with $965 Billion Valuation Following $65 Billion Funding Round Artificial intelligence (AI) company Anthropic is positioning itself for an initial public offering (IPO) this year, having achieved a valuation of $965 billion, surpassing OpenAI to become the world's highest-valued AI startup. According to the IT industry on May 29, Anthropic, the developer of 'Claude,' raised $65 billion in its Series H funding round on May 28 (local time), significantly increasing its valuation from $380 billion in February. This marks a valuation nearly reaching $1 May 29, 2026

Government Takes Action Against Employers Delaying Wage Payments #. A construction company operating in the metropolitan area has received approximately 900 million won in wage payments but has yet to fulfill its repayment obligations.#. Another construction firm in Gyeongnam has failed to repay 470 million won of the 500 million won it owes, and its CEO is reportedly missing.The government is set to implement credit sanctions for the first time against employers who have not repaid wage payments for an extended period.The Ministry of Employment and Labor and May 29, 2026

Accelerating AI Robot Ecosystem Development: Expanded Support for Humanoids and Key Components Artificial intelligence (AI) robot industry development is gaining momentum through the public-private partnership platform known as the Manufacturing AI Transformation (M.AX) Alliance, which shared its collaborative achievements and future plans in the AI robot sector. The government aims to enhance the competitiveness of related industries by focusing on humanoid development, localization of key components, and advancement of robot AI models.The Ministry of Trade, Industry and Energy announced May 29, 2026

KAI Strengthens Partnership with Strategic Command to Enhance Future Battlefield Response Korea Aerospace Industries (KAI) is enhancing its cooperation framework to respond to changes in future battlefield environments and advance cutting-edge defense capabilities.On May 29, KAI announced that it has signed a memorandum of understanding (MOU) with the Strategic Command to establish a strategic partnership and strengthen operational collaboration.The agreement aims to jointly explore the development direction of future military capabilities based on advanced technologies such as artif May 29, 2026

New Export Market Faces: 26,000 Companies Entering in Record Numbers Last year, nearly 26,000 companies entered the export market, marking the highest number in five years. The increase in new exporters is accompanied by a rise in survival rates, indicating a broader export base.According to the Customs Service's report on the status of new entrants in the export market for 2025, 25,953 companies entered the export sector last year, a 2.7% increase from the previous year. This figure represents the largest number of new exporters in the past five years.New entran May 29, 2026

First Quarter Bank Non-Performing Loan Ratio Rises to 0.6%, Increasing by 1 Trillion Won in Three Months The rise in the non-performing loan ratio in the banking sector is increasing the burden of soundness management, particularly as defaults expand among small and medium-sized enterprises and individual business owners. According to the Financial Supervisory Service's report on the status of non-performing loans in domestic banks released on May 29, the non-performing loan ratio at the end of the first quarter of this year was 0.60%, up 0.03 percentage points from the previous quarter's 0.5 May 29, 2026

Korea Credit Guarantee Fund Celebrates 50th Anniversary with Vision for Future Growth The Korea Credit Guarantee Fund marked its 50th anniversary by reflecting on its achievements alongside small and medium-sized enterprises (SMEs) and outlining plans to enhance its role as a policy finance institution. On May 28, the fund held a ceremony titled '50 Years of Corporate Partnership' at Dragon City in Seoul. The event aimed to highlight the fund's contributions to the growth of SMEs over the past five decades and to share a vision for sustainable growth moving forward. Appro May 29, 2026