Democratic Party and Progressive Party Unite Behind Kim Sang-wook for Ulsan Mayor On May 28, one day before early voting for the Ulsan mayoral election, the Democratic Party and the Progressive Party unified their candidate selection, naming Kim Sang-wook as their joint candidate. At a joint press conference held around 5:50 p.m. in front of the Ulsan Election Commission, Kim Sang-wook and Kim Jong-hoon announced the results of a public opinion poll conducted to determine the unified candidate. Throughout the day, both candidates used polling firms of their choice to May 28, 2026

Government to Import 20 Million Eggs and 9 Million Chicken Breeding Eggs Amid Price Concerns As concerns over the supply of eggs and chicken continue due to the impact of highly pathogenic avian influenza (AI), the South Korean government plans to import an additional 20 million fresh eggs and 9 million chicken breeding eggs. This move aims to alleviate the financial burden on consumers.The Ministry of Agriculture, Food and Rural Affairs announced on May 28 that it will import 20 million fresh eggs from the United States and Thailand between June and July. Since January, the ministry ha May 28, 2026

Surge in Reports of Illegal Policy Fund Brokers Amid Limited Investigations Reports of illegal brokers exploiting government policy fund support have surged, but most cases are either treated as simple complaints or lack sufficient evidence for further action. The Ministry of SMEs and Startups has initiated a reward system for whistleblowers, yet it faces a paradox: it lacks the authority to confirm the outcomes of investigations, leaving it unaware of any resulting penalties. According to the Ministry of SMEs and Startups, from January to May 26 of this year, th May 28, 2026

Policy Fund Scams Evolve: Legal Reforms Needed to Combat Fraud A small business owner, referred to as A, signed a contract with a management consulting firm that promised to secure policy funding. The firm demanded an upfront fee of 2 million won, claiming it was for administrative costs in exchange for assistance with a loan within six months. However, after the six-month period passed without government loan approval, A requested a refund, but the firm did not respond. Ultimately, A had to report the case to the Ministry of SMEs and Startups' illegal May 28, 2026

NVIDIA's Jensen Huang to Visit South Korea Next Week for Semiconductor and AI Collaboration NVIDIA founder and CEO Jensen Huang is expected to visit South Korea next week. This will be his first visit since attending the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju last October.According to industry sources on May 28, Huang will travel to South Korea after wrapping up his schedule at NVIDIA's annual AI conference, GTC Taipei 2026, and the Computex 2026 IT exhibition, both taking place in Taipei next week.GTC Taipei is scheduled for June 1-4, where Huang will deliver May 28, 2026

Korea Gas Corporation to Disclose Environmental Impact of Natural Gas As the importance of ESG (Environmental, Social, and Governance) management grows, there is an increasing demand for the disclosure of environmental product declarations related to energy sources like liquefied natural gas (LNG). The environmental impact from carbon emissions and the entire production-to-consumption process is directly linked to a company's ESG performance, prompting energy public enterprises to consider releasing environmental data at the product level. According to indust May 28, 2026

Lee Jun-seok Endorses Yoo Yi-dong in Pyeongtaek Election, Emphasizes Semiconductor Industry Lee Jun-seok, leader of the Reform Party, urged voters on May 28 to support Yoo Yi-dong, the People Power Party candidate running in the Pyeongtaek by-election, one day before early voting for the local elections and by-elections begins.In a Facebook post, Lee stated, "As the leader of the Reform Party, I ask you not just as a party leader but as a member of the National Assembly who must protect the semiconductor industry in southern Gyeonggi and the rights of engineers and researchers."He cont May 28, 2026

Minister Han Seung-sook: Building an Entrepreneurial Ecosystem to Maximize SME Exports Minister Han Seung-sook of the Ministry of Small and Medium Enterprises and Startups held a press conference to commemorate the first anniversary of the government, reflecting on the achievements in small business and venture policies over the past year and outlining future priorities. She highlighted significant progress in promoting entrepreneurship while identifying the need for policy innovation in response to external crises as a key ongoing challenge. During the press conference on May 28, 2026

ABL Bio Begins Phase 1 Clinical Trials for Dual Antibody ADC in the U.S. ABL Bio announced on May 28 that Neok Bio has completed the first patient dosing in its Phase 1 clinical trials for the dual antibody drug conjugate (ADC) candidates ABL206 (NEOK001) and ABL209 (NEOK002) in the United States. Neok Bio is a U.S.-based biotechnology company established by ABL Bio, responsible for the global development and commercialization of these candidates. The dual antibody ADC technology targets two antigens simultaneously, delivering a chemical payload to cancer cell May 28, 2026

Samjin Pharmaceutical Expands CNS Business to Capture Aging Market Samjin Pharmaceutical is accelerating its expansion into the central nervous system (CNS) market, focusing on treatments for dementia and epilepsy. The company aims to develop this sector as a key growth area in response to the rapidly increasing demand driven by an aging population, building on its existing cardiovascular treatment business. According to market research firm IQVIA, the global CNS market is projected to grow from $154 billion in 2024 to $185 billion by 2029. The rise in t May 28, 2026