Bank of Korea Holds Interest Rates Steady Under New Governor Shin Hyun-sung Shin Hyun-sung, the new Governor of the Bank of Korea, held his first monetary policy committee meeting and decided to keep the benchmark interest rate unchanged. Market attention focused not just on the decision itself but on the future trajectory of interest rates. Governor Shin indicated that he would consider raising the benchmark rate at an appropriate time, taking into account inflation and financial stability. This decision, characterized as a 'hawkish' hold, sends a signal of monet May 28, 2026

Salary Workers Launch AX Organization to Drive AI Development Salary Workers has established a dedicated organization for AI transformation (AX) aimed at creating an AI-centered development environment. According to Salary Workers on May 28, the AX team is an engineer-focused organization that seeks to enhance brand productivity and operational efficiency through AI transformation. Team members assigned the role of AX engineers will develop and implement strategies to maximize AI utilization in the product development process. The formation of the May 28, 2026

Chinese Embassy Criticizes US Forces Commander for 'Dagger' Comment The Chinese government has strongly criticized U.S. Forces Korea Commander Javier Brunson for describing South Korea and the U.S. military presence there as a "forward base" for countering China. On May 28, the Chinese Embassy in South Korea issued a statement in response to Brunson's recent public remarks, stating, "Your comments have clearly crossed the line." Brunson had previously likened South Korea to a "dagger" and a "fixed aircraft carrier" in the context of its geographical signifi May 28, 2026

Hana Bank Launches 'Korea Forever Savings' for Veterans with 2% Interest Rate Hana Bank announced on May 28 that it will launch the 'Korea Forever Savings' account on June 1, in honor of the month dedicated to patriotic service and veterans.The Korea Forever Savings account offers a preferential interest rate of 2.0% per year to veterans, police officers, firefighters, and other uniformed personnel without any conditions.General customers can also benefit from a maximum interest rate of 2.0% by meeting certain criteria: a 1.0% rate for making six or more salary or pension May 28, 2026

One-Third of Rail Promises Not Included in National Plan, Misleading GTX and CTX Pledges As local elections approach, candidates for regional leadership positions are unveiling numerous rail-related promises. Many of these proposed new routes are not reflected in the current national railway network plan. On May 28, a review of 108 pledges from 21 candidates that included rail-related items found that 33 of these (34.4%) are new promises not included in the fourth national railway network construction plan. This analysis excluded 12 items that were not clearly defined, such a May 28, 2026

Samsung SDS Shares AI Transformation Strategies with Manufacturers in Chungcheong and Jeolla Regions Samsung SDS hosted the "Samsung SDS Industry Day" on May 28 at Lotte City Hotel in Daejeon, targeting manufacturing companies in the Chungcheong and Jeolla regions. The event focused on sharing strategies for AI transformation (AX) in the manufacturing sector and showcased innovative case studies. The Industry Day serves as a customer seminar introducing Samsung SDS's key solutions, service directions, and actual implementation cases across various industries, including public, finance, m May 28, 2026

Korea Technology Guarantee Fund Hosts Event in Silicon Valley to Expand Startup Ecosystem The Korea Technology Guarantee Fund announced that it hosted the 'Global K-Venture Finance Mixer' at the Startup Venture Campus (SVC) in Silicon Valley, California, to provide financial support for domestic ventures and startups in the U.S. on May 28. This event was a follow-up to a memorandum of understanding signed in January between the Korea Technology Guarantee Fund and Hanmi Bank. It aimed to address challenges faced by domestic startups entering the U.S. market, including funding, i May 28, 2026

Democratic Party Claims Lee Won-taek Surpasses Kim Kwan-young in Polls The Democratic Party stated on May 28 that a recent poll showing Lee Won-taek with higher support than independent candidate Kim Kwan-young reveals the latter's ongoing portrayal as a political victim. The party also criticized former Presidents Lee Myung-bak and Park Geun-hye, asserting that the public would likely view them unfavorably due to their legal troubles and impeachment. During a press conference at the National Assembly, Cho Seung-rae, the party's secretary-general, introduced May 28, 2026

Conflict Escalates Between Kim Kwan-young and Democratic Party Over Election Issues In response to the results of the Democratic Party's primary for the Jeonbuk governor race, independent candidate Kim Kwan-young's camp criticized the leadership of Jeong Cheong-rae on May 28, stating that their negative tactics resemble a low-quality drama. The Democratic Party has retaliated by labeling Kim as someone who was expelled for allegations of cash distribution, intensifying the conflict between the two sides. Kim's election campaign committee released a statement claiming, "T May 28, 2026

K-Bio Gains Global Attention at Major Conferences with Cancer, Obesity, and Diabetes Advances The global pharmaceutical and biotechnology industry is entering a peak season as major conferences commence. K-Bio aims to share clinical results on the world stage and pursue significant deals with global pharmaceutical companies.According to industry sources, the European Association for the Study of the Liver (EASL) kicked off in Barcelona, Spain, on May 27, followed by the American Society of Clinical Oncology (ASCO) in Chicago on May 29, and the American Diabetes Association (ADA) conferen May 28, 2026