LG Energy Solution Shares Surge After Major ESS Contract with DTE Energy LG Energy Solution's shares rose more than 15% following the announcement of a supply contract for energy storage systems (ESS) worth approximately 2 trillion won with a major U.S. energy company. Market expectations are growing that the increasing power demand from artificial intelligence (AI) data centers will serve as a new growth driver for the domestic battery sector. According to the Korea Exchange, LG Energy Solution's stock closed at 442,000 won, up 58,500 won (15.25%) from the pr May 28, 2026

Samsung Electronics Falls While SK Hynix Rises as Leverage ETFs Attract $9.6 Billion After a strong debut, the single-stock leverage ETFs for Samsung Electronics and SK Hynix showed diverging trends. While the SK Hynix leverage ETF continued to gain, the Samsung Electronics leverage ETF experienced a decline. According to the Korea Exchange, Samsung Electronics closed at 299,500 won, down 7,500 won (2.44%) from the previous trading day, while SK Hynix rose by 46,000 won (2.05%) to finish at 2,289,000 won. Consequently, the performance of the leverage ETFs tracking these May 28, 2026

Prosecutors Cancel Charges Against Victim of 43-Year-Old Spy Case Prosecutors have canceled the suspended charges against Kim Byung-jin, a 71-year-old victim of a fabricated spy ring case involving the Military Security Command, 43 years after the initial charges were filed. This marks the first instance of prosecutors taking action to relieve a victim of suspended charges on their own authority. The Seoul Central District Prosecutors' Office announced on May 28 that it had reinstated Kim's case, which had been suspended due to violations of the Nation May 28, 2026

Samsung Electronics Faces Employee Discontent Over Performance Bonuses Samsung Electronics is facing escalating discontent among employees in its Device Experience (DX) division regarding performance bonuses. Despite an official apology from DX head Noh Tae-moon, discussions about a potential spin-off have emerged as tensions remain high.On May 28, an anonymous post on a Samsung Electronics community called for the formal establishment of a committee to pursue the spin-off of the DX division, attracting significant attention. More than 1,100 employees have particip May 28, 2026

Samsung Union Faces Internal Strife Following Wage Negotiations Samsung Electronics has reached a final agreement on wage negotiations, but internal conflicts within the union are escalating. Concerns are growing that the Samsung Group's inter-company union, representing Samsung Electronics, may lose its majority status as employees from the Device Experience (DX) sector continue to leave the union.As of 10 a.m. on May 28, the number of members in the inter-company union has dropped to approximately 69,000, a decrease of over 6,000 from the peak of 76,000 du May 28, 2026

LG Chem Accelerates Future Portfolio Transition with Four Growth Drivers LG Chem announced on May 28 that it is accelerating the restructuring of its future business portfolio centered around four growth drivers: eco-friendly products, battery materials, pharmaceuticals, and high-value specialty businesses. The company aims to triple its revenue from these sectors, which stood at 5.8 trillion won last year, by 2030. In the battery materials sector, LG Chem is enhancing the development of next-generation cathode materials, including high-voltage mid-nickel (HV M May 28, 2026

Korean Shipbuilders Gather at Posidonia 2026 for Major Deals The world's largest shipbuilding and maritime exhibition, Posidonia 2026, is set to open in Athens, Greece, next month, attracting a significant presence from South Korean shipbuilders. The event provides a platform for direct engagement with global shipowners, raising the possibility of major deals. According to industry sources on May 28, HD Hyundai Chairman Chung Ki-sun, Samsung Heavy Industries CEO Choi Sung-an, and HJ Shipbuilding CEO Yoo Sang-cheol will participate in the Posidonia e May 28, 2026

BMW 220i Active Tourer Offers Sedan-Like Driving with SUV Versatility The BMW 2 Series '220i Active Tourer (M Sport Design Trim)' resembles a sports utility vehicle (SUV) but delivers a sedan-like driving experience. Positioned as a niche model, it aims to balance practicality and driving performance in a market dominated by SUVs.Upon first encountering the vehicle, which was tested on May 28, it gave an impression closer to a small SUV. Although classified as a hatchback, its height and width felt substantial. However, it is not overly large for beginner drivers, May 28, 2026

70% of South Korea's Top 1,000 Companies Are Based in the Capital Region A recent report reveals that 70% of South Korea's top 1,000 listed companies are headquartered in the capital region. Despite discussions about relocating public institutions and businesses to provincial areas since the launch of the Lee Jae-myung administration, the concentration of corporate headquarters in Seoul and Gyeonggi Province remains strong. Notably, larger companies tend to be more concentrated in Seoul, while the Busan-Ulsan-Gyeongnam (BULG) area shows relative strength among non-ca May 28, 2026

Blue House Encourages Public Discussion on Redistribution of Corporate Excess Profits On May 28, the Blue House expressed hope for various opportunities for public discourse regarding the social distribution of excess profits from large corporations, in light of an upcoming discussion hosted by the Ministry of Employment and Labor.During a briefing at the Chunchugwan, Chief Spokesperson Kang Yu-jung responded to a question about whether the discussion is a continuation of comments made by Policy Chief Kim Yong-beom regarding excess tax revenue. Kang stated, "Labor Minister Kim Yo May 28, 2026