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

Candidates Clash in Negative Debate for Busan North District Busan's North District by-election candidates faced off in a televised debate that was marked more by negative exchanges than policy discussions. Ha Jung-woo of the Democratic Party and Park Min-sik of the People Power Party launched concentrated attacks on independent candidate Han Dong-hoon regarding the controversy surrounding the party's member board and his involvement in the investigation of former President Park Geun-hye.During the debate organized by the National Election Commission at B May 28, 2026

Yen Approaches 160 Mark Again Amid Growing Doubts The Japanese yen is once again nearing the 160 mark against the dollar. Following a market intervention by Japanese authorities at the end of April that temporarily pushed the yen back to the mid-155 range, it has slipped back to the mid-159 range within a month. The 160 yen defense line, which was barely maintained, is now being tested again. According to the Nihon Keizai Shimbun (Nikkei), the yen was trading at 159.57 to 159.58 yen per dollar in the Tokyo foreign exchange market on the May 28, 2026

Investors Becoming Addicted to Risky Bets in Stock Market The stock market is reflecting a trend similar to the way people develop a taste for spicier food. When visiting a noodle shop or a tteokbokki restaurant, customers can choose from mild, medium, spicy, and extra spicy options. Initially, even the mild flavor can feel quite hot, causing one to sweat and think, "Next time, I should go for something less spicy." However, as time passes, that initial sensation fades, and soon, the same flavor no longer satisfies. The thought of trying just one May 28, 2026

Rising Construction Costs Shake Foundations of Public Housing in South Korea Rising construction costs are disrupting the long-standing formula for housing supply in South Korea. The construction cost index reached a record high of 134.42 in March, marking the seventh consecutive month of increases. Compared to 2020, costs have surged by over 30% in just six years, driven by soaring material and labor costs. The issue extends beyond mere cost increases; it is shaking the very calculations behind public housing supply. Construction sites are already facing unb May 28, 2026

Dong-A ST Expands Digital Healthcare-Based CSR in Ethiopia Dong-A ST announced on May 28 that it is expanding its digital healthcare-based corporate social responsibility (CSR) activities in medically underserved areas of Ethiopia. The company’s phased CSR initiatives go beyond simple donations, incorporating local medical staff training and data-driven collaboration to enhance healthcare accessibility and disease management in the region. In 2024, Dong-A ST began its support for digital healthcare in Ethiopia by donating the remote patient moni May 28, 2026

Civic Group Evaluates Seoul Mayor Candidates' Promises as Lacking Specificity In the lead-up to the local elections, a civic group has assessed the campaign promises of major party candidates for Seoul Mayor, finding them appropriate for citizens' livelihood issues but lacking in diversity and specificity regarding budget and funding.The Citizens' Coalition for Economic Justice (CCEJ) released its evaluation on May 28, based on responses from four candidates regarding their three main campaign promises.CCEJ evaluated the candidates' promises based on several criteria, inc May 28, 2026

Education Ministry Unveils Support Measures for School Field Trips The Ministry of Education is reforming regulations to reduce the legal burdens on teachers related to safety incidents during field trips, including school excursions and retreats. In the event of an accident, the education office will immediately assign a dedicated lawyer to assist with investigations and legal responses. The ministry is also pursuing legal amendments to ensure that teachers are not held civilly or criminally liable unless intentional or gross negligence is proven. Ac May 28, 2026

Chinese Dissident Dong Guangping's Arrest Warrant Denied; Seeks Asylum in Canada A South Korean court has denied an arrest warrant for Chinese dissident Dong Guangping, who was apprehended after entering South Korean waters by rubber boat. According to Yonhap News, Judge Seok Ji-sung of the Daejeon District Court's Seosan branch conducted a pre-arrest interrogation on May 28 and stated, "It is difficult to recognize the reasons and necessity for detention." The court concluded that there was no significant risk of flight or evidence tampering. Upon arriving at the May 28, 2026

Jensen Huang Teases New Products, Predicts Record-Breaking Second Half for Nvidia Jensen Huang, CEO of Nvidia, announced that the company has an undisclosed new product and predicted that the second half of this year will be the largest ever for both Nvidia and Taiwan. On May 28, local media outlets in Taiwan, including the Central News Agency and Liberty Times, reported that Huang made these remarks after dining with executives from foundry company Quanta Computer the previous evening, where they discussed expanding production capacity and strengthening collaboration May 28, 2026