Jung Cheong-rae Urges Supporters of Lee Jae-myung to Vote for Jeong Won-o Jung Cheong-rae, the head of the Democratic Party, encouraged all citizens supporting President Lee Jae-myung to vote for Jeong Won-o on the first day of early voting for the local elections on May 29. He emphasized, "If you support President Lee and want this government to operate more stably, please vote for the Democratic Party." During a meeting of the Central Election Countermeasures Committee at Jeong's campaign headquarters, Jung stated, "Voting is stronger than a bullet. Power doe May 29, 2026

E-Land Retail Reports First Quarter Operating Profit of 22.1 Billion Won E-Land Retail has successfully returned to profitability in the first quarter of this year. This marks the first quarterly net profit since the COVID-19 pandemic, attributed to improved store efficiency and enhanced profitability in its food business.On May 29, E-Land Retail reported consolidated sales of 384.6 billion won for the first quarter, a 2.5% increase compared to the same period last year. The operating profit reached 22.1 billion won, reflecting a significant improvement of 19.6 billi May 29, 2026

Song Eon-seok Warns of Tax Burden After Local Elections Amid Economic Concerns Song Eon-seok, the floor leader of the People Power Party, stated on May 29 that if the administration of Lee Jae-myung continues its reckless policies, the public will face a tax burden, along with soaring rents and interest rates, following the local elections. During a press conference at the National Assembly, Song expressed concerns about the increasing burden of interest rates and the stagnation in the construction sector, which he said has significantly reduced the supply of new apartment May 29, 2026

SK Group Chairman Chey Tae-won Calls for Generalists in the AI Era Chey Tae-won, Chairman of SK Group and the Korea Chamber of Commerce and Industry, emphasized the need for generalist-type talent in the AI era during a recent special lecture. In an appearance on KBS1TV's Documentary Insight – Talent Wars 2: Chey Tae-won's Response, which aired on May 28, Chey stated, "We are moving beyond the era of 'reasoning AI,' where machines provide answers to human questions, and are entering a period of 'agentic AI,' where machines will make decisions and take acti May 29, 2026

Lee Jae-Yong Casts Ballot on First Day of Early Voting for Local Elections Lee Jae-Yong, Chairman of Samsung Electronics, voted on the morning of May 29, 2026, at an early voting station set up at the Hannam-dong Community Center in Yongsan-gu, Seoul, marking the first day of early voting for the 9th nationwide local elections. Early voting is being conducted nationwide at 3,571 polling stations from May 29 to May 30, from 6 a.m. to 6 p.m.* This article has been translated by AI. May 29, 2026

Jensen Huang Visits South Korea, Ushering in the Era of Physical AI The 19th-century industrial revolution produced steel magnate Andrew Carnegie, while the 20th-century automotive revolution gave rise to Ford and Toyota. The internet revolution birthed Bill Gates and Steve Jobs. Today, the world stands at the forefront of yet another industrial revolution, with Jensen Huang, CEO of NVIDIA, at its center. On the 29th, an intriguing scene unfolded in the South Korean stock market. As rumors circulated about Huang's visit to meet with Koo Kwang-mo, chairman of LG May 29, 2026

Samsung Electronics Faces Controversy Over Employee Turnover Rates Some analyses suggest that Samsung Electronics has a significantly higher employee turnover rate than SK Hynix, prompting debate within the semiconductor industry over differing comparison standards. Samsung's figures include global personnel from overseas production subsidiaries, while SK Hynix's data focuses primarily on domestic employees, raising concerns about the validity of direct comparisons. According to industry sources, the five-year average turnover rate from 2020 to 2024, bas May 29, 2026

Jung Dong-won's Agency Vows Legal Action Against Rumors Jung Dong-won's agency has announced a strong response to various rumors surrounding the singer. On May 29, Showplay Entertainment stated, "We have taken actions such as warnings and requests for the removal of posts regarding malicious slander, defamation, the spread of false information, and the dissemination of baseless rumors targeting Jung Dong-won." The agency added, "Recently, actions have escalated beyond simple malicious postings, with individuals posing as fans to spread completel May 29, 2026

Hanwha Insurance Subsidiaries Upgraded to 'A+' by S&P Amid Improved Profitability and Stability Hanwha Group's insurance subsidiaries have achieved a top-tier global credit rating. On May 29, financial sources reported that Standard & Poor's (S&P), one of the world's three major credit rating agencies, upgraded the credit ratings of Hanwha Life and Hanwha General Insurance from 'A' to 'A+'. The rating outlook is classified as 'Stable.' In its report, S&P stated, "Hanwha Life is expected to maintain a solid market position in the domestic market based on a stable business foundation a May 29, 2026

U.S. PCE Index Rises 3.8%, Signaling Renewed Global Inflation U.S. inflation has risen again. The Bureau of Economic Analysis (BEA) reported that the Personal Consumption Expenditures (PCE) price index increased by 3.8% in April compared to the same month last year, marking the highest rate of increase since May 2023. Excluding energy and food, the core PCE also rose by 3.3%, indicating persistent inflationary pressures. The PCE is a key price indicator that the Federal Reserve considers when making monetary policy decisions. Market attention is focused May 29, 2026