Korean Air and Asiana Conduct Joint Emergency Evacuation Drill Korean Air is verifying the safety response capabilities of its cabin crew ahead of the launch of the integrated airline. On May 29, Korean Air announced that it successfully completed a joint emergency evacuation drill with Asiana Airlines the previous day.This drill is part of the implementation plan for the integrated Air Operator Certificate (AOC) that both airlines have been collaborating on under the supervision of the Ministry of Land, Infrastructure and Transport for the past two years. May 29, 2026

LH Announces Public Housing Supply of 473 Units in Hwaseong Dongtan 2 C-27 Block The Korea Land and Housing Corporation (LH) announced on May 29 that it has opened applications for 473 public housing units in the C-27 block of the Hwaseong Dongtan 2 development area. This supply marks the first public housing offering in the Hwaseong Dongtan 2 area in nearly seven years, following the A104 block in 2019. The C-27 block will consist of 473 public housing units and 90 officetel units, with the public housing units being offered first. The C-27 block was previously acqu May 29, 2026

Deputy Prime Minister Koo Yoon-cheol: April Industrial Production Adjusted, Improvement Expected Koo Yoon-cheol, Deputy Prime Minister and Minister of Economy and Finance, stated on May 29 that "April's industrial production experienced a temporary adjustment due to high growth rates in previous months." He added, "In May, both consumer sentiment and business confidence have risen significantly, and the positive trend in exports is expected to continue, leading to a resumption of improvement." Koo made these remarks while presiding over a meeting of the Emergency Economic Headquarters May 29, 2026

New Book Explores the Art of Communication in Business and Everyday Life New Book Explores the Art of Communication in Business and Everyday Life=Written by Baek Joo-hwan, Snowfox Books P. Baek Joo-hwan, currently the Director of Public Relations at OB Beer, has compiled his 20 years of experience in corporate communication into a new book. Drawing from his experiences navigating numerous crises and addressing challenging questions, he proposes a novel approach to applying corporate communication strategies to everyday conversations and speaking engagements. May 29, 2026

Snowflake Acquires Natoma to Strengthen Governance in AI Systems Global AI data cloud company Snowflake announced on May 29 that it has acquired Natoma, a company specializing in the Enterprise Model Context Protocol (MCP) platform. This acquisition aims to establish a governance layer for the integrated management of AI agents' access to corporate systems. With this acquisition, Snowflake will embed a native identity governance and access management framework into its platform, which will govern how AI agents access applications, databases, APIs, an May 29, 2026

Trump Shares Draft Agreement to End War with Iran with Allies President Donald Trump has shared a draft agreement aimed at ending the war with Iran with allied nations, including Israel. This marks a significant step as discussions on a ceasefire move into the document review phase. However, the draft does not immediately resolve the Iranian nuclear issue and retains control over the Strait of Hormuz, suggesting that final agreement may face challenges. According to The Guardian on May 28, the ceasefire proposal was shared with allies amid concerns t May 29, 2026

KB Securities Raises SK Hynix Target Price to 3.8 Million Won Amid HBM Price Surge KB Securities announced on May 29 that it has raised its target price for SK Hynix from 3 million won to 3.8 million won, citing a significant increase in high-bandwidth memory (HBM) prices and a growing demand for artificial intelligence (AI) memory. The firm maintained its "buy" rating on the stock. Kim Dong-won, a researcher at KB Securities, stated, "Currently, the fulfillment rate of memory demand from clients is only about 50%, indicating that the memory supply shortage is likely to May 29, 2026

Anthropic Becomes World's Most Valuable AI Startup with $965 Billion Valuation Anthropic has closed a $65 billion Series H funding round, achieving a valuation of $965 billion (approximately 1,444 trillion won) and surpassing OpenAI to become the world's most valuable AI startup. According to the IT industry on May 29, this funding round, led by Altimeter Capital with participation from Dragoneer, Greenoaks, and Sequoia Capital, is considered one of the largest private funding rounds in tech startup history. OpenAI's recent valuation stands at $730 billion, puttin May 29, 2026

Shinhan Securities Raises Hanall Biopharma Target Price by 171% Amid Promising Drug Developments Shinhan Investment Corp. announced on May 29 that it has raised its target price for Hanall Biopharma from 48,000 won to 130,000 won, a 171% increase, citing the company's progress in developing a treatment for refractory rheumatoid arthritis (D2T RA) and expectations for substantial royalty revenues. The firm maintained its "buy" rating on the stock. Analyst Eom Min-yong noted, "This is the first time globally that the FcRn mechanism has shown potential for success in D2T RA," adding tha May 29, 2026

South Korea Prepares for Semiconductor Boom Amid AI Revolution 2026 finds South Korea once again at the forefront of the semiconductor industry. The world stands on the brink of a massive artificial intelligence (AI) revolution, with semiconductors at its core, and South Korea positioned as a key player. Just a few years ago, the Korean semiconductor sector was in deep decline, facing plummeting memory prices and a global economic slowdown that forced Samsung Electronics and SK Hynix to endure a harsh winter. However, the advent of the AI era has rapi May 29, 2026