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

DAXA Implements Standards to Prevent Misuse of API Keys The Digital Asset Exchange Association (DAXA) has developed standards to prevent the improper lending of API keys by users of virtual asset exchanges. This initiative comes in response to reports of API keys being misused for unfair trading practices, such as market manipulation, highlighting the need for user protection and market order.According to DAXA, the new standards were created in collaboration with its member companies and following discussions with the Financial Supervisory Service.A May 28, 2026

Social Welfare in the AI Era Must Uphold Human Dignity The Asan Social Welfare Foundation hosted an academic symposium to discuss key social welfare issues in the age of artificial intelligence (AI). Experts predict that as the use of AI in social welfare expands, the importance of empathy, relationship building, and ethical judgment among people will increase.Celebrating its 49th anniversary this year, the Asan Social Welfare Foundation held the symposium on May 28 at the Asan Policy Institute in Jongno, Seoul, inviting academic experts to discuss May 28, 2026

Coupang Fulfillment Expands Program for Specialized High School Graduates Coupang Fulfillment Service (CFS) is expanding its work-study program, allowing recent high school graduates to pursue careers as logistics experts while continuing their education.On May 27, CFS announced it hosted an information session at Yeungnam University in Daegu for local specialized high school teachers and students.The program offers a hiring process where participants can start working after graduating high school, transition to full-time positions after about a year, and earn an asso May 28, 2026

South Korean Foreign Minister Meets with Singapore's Vivian Balakrishnan South Korean Foreign Minister Cho Hyun held talks with Singapore's Foreign Minister Vivian Balakrishnan on May 28 in Seoul, discussing key issues between the two countries as well as regional and international developments.According to the Ministry of Foreign Affairs, Cho explained the South Korean government's policies and efforts for peaceful coexistence on the Korean Peninsula. He also listened to Balakrishnan's impressions from his recent visit to North Korea and urged ASEAN, including Singa May 28, 2026

Hyundai Card's Blue Walnut Struggles Despite Ambitious Payment Platform Goals Hyundai Card's subsidiary Blue Walnut, established to build a future mobility payment platform, has been reporting losses for several years. The in-car payment business, which relies on Hyundai Motor Group's volume, has not expanded as quickly as anticipated, leading to ongoing challenges in achieving profitability. Industry analysts suggest that the company's plans for the future mobility market may have outpaced actual market growth. According to the Financial Supervisory Service's elect May 28, 2026

Kakao Union Announces June Strike Amid Trust Issues with Management The Kakao union, known as Crew Union, announced plans to prepare for a strike next month following the Labor Commission's decision to halt mediation. The union criticized the company's passive negotiation stance. In a statement released on May 28, the Kakao branch of the union stated, "The cessation of mediation after months of negotiations is not merely due to wage differences, but a result of the breakdown of trust between the company and its employees. The company has consistently resp May 28, 2026

Government Dividends from State-Owned Enterprises Reach Record 2.8 Trillion Won The total government dividends from state-owned enterprises this year have approached 2.8 trillion won, marking the highest level on record. The improved performance of institutions such as the Industrial Bank, the Korea Development Bank, and Korea Electric Power Corporation has driven this increase, continuing a trend of rising dividends for the fourth consecutive year. On May 28, the Ministry of Finance and Economy announced that the total government dividends from state-owned enterpris May 28, 2026

Financial Authorities Expand Measures to Combat New Types of Fraud Financial authorities are establishing a rapid response system to swiftly freeze accounts suspected of involvement in various types of new fraud, including voice phishing, no-show scams, romance scams, and investment fraud. This initiative aims to address gaps in the existing legal framework that have led financial institutions to hesitate in freezing accounts that do not clearly fall under the category of voice phishing. On May 28, the Financial Services Commission (FSC) held the first m May 28, 2026

Wi Sung-lak Meets Singapore's Foreign Minister Vivian Balakrishnan to Discuss Trade and Regional Stability Wi Sung-lak, head of the National Security Office, met with Singapore's Foreign Minister Vivian Balakrishnan on May 28 during his official visit to South Korea. The two discussed ways to enhance bilateral relations and exchanged views on the situation on the Korean Peninsula and regional and international issues, including the Middle East.In a press release, the Blue House expressed hope that high-level exchanges would deepen the strategic partnership between South Korea and Singapore, as well a May 28, 2026