Seoul Apartment Prices Rise Slower, But Demand Expands to Outer Areas Seoul's apartment prices have seen a slight decrease in the rate of increase over the past week, but the upward trend is spreading beyond the Gangnam area to large complexes in the northern and southwestern outskirts. Initially, high-priced complexes near the Han River and those undergoing redevelopment drove the market up, but recently, demand has shifted to mid- to low-priced complexes and those near subway stations, supporting prices across Seoul. According to the Korea Real Estate Age May 28, 2026

Kiwoom Securities Enters Retirement Pension Market with Innovative Fee Structure Kiwoom Securities, recognized as a retail powerhouse, holds approximately 25% market share in the retail sector, maintaining its position as the top player in South Korea for 21 consecutive years. However, its focus on retail has been seen as a weakness due to a lack of diversity in its revenue portfolio. Now, Kiwoom is venturing into a new area. As the 47th retirement pension provider in South Korea, it plans to enter the 500 trillion won retirement pension market starting in June. The c May 28, 2026

Beware of 'Group Accounts' Used in Rental Fraud The Financial Supervisory Service (FSS) has issued a consumer alert after reports of fraudulent activities involving so-called 'group accounts' that appear to be personal accounts. These accounts are being misused for rental fraud and voice phishing schemes. On May 28, the FSS announced it has issued a 'caution' alert to prevent further victimization from these deceptive group accounts that impersonate individual names. A 'group account' is created using a name that resembles a personal May 28, 2026

May Heatwave Causes Fatalities in Europe and South Asia May's heatwave is leading to fatalities in Europe and South Asia. Before the official start of summer, deaths have been reported in France, India, and Pakistan, while the UK has recorded its highest temperatures for May. There are growing concerns that existing heatwave response systems, designed for July and August, may not be sufficient to mitigate the impact. According to reports from Reuters on May 28, at least seven people have died in France due to heat-related incidents. Among them, May 28, 2026

South Korea Unveils Real-Time Stalker Tracking App The Ministry of Justice has successfully developed a mobile app that tracks the movements of stalking offenders in real time, marking its first demonstration. On May 27, the ministry held a media event at the central monitoring center, unveiling the app that allows victims to directly monitor the location and movements of their stalkers. Named the "Stalker Location Notification" app, it is set to officially launch on June 24. During the demonstration, the app displayed a clear map o May 28, 2026

Iran's Revolutionary Guard Claims Attack on U.S. Airbase in Response to Airstrikes The Iranian Revolutionary Guard Corps (IRGC) announced that it attacked a U.S. airbase in retaliation for American airstrikes near Bandar Abbas. This response came after the U.S. targeted Iranian facilities, citing drone threats in the Strait of Hormuz. However, the specific target and extent of damage remain unverified. According to Reuters on May 28, the IRGC released a statement through the semi-official Tasnim news agency, claiming, "The U.S. conducted airstrikes near Bandar Abbas airp May 28, 2026

Man Charged with Attempted Murder at Antarctic Research Station A man in his 50s has been indicted for attempted murder after allegedly trying to kill two colleagues at the Jangbogo Scientific Station in Antarctica using a weapon he crafted himself. According to Yonhap News on May 28, the Gimcheon branch of the Daegu District Prosecutor's Office has charged the man, referred to as A, with attempted murder and violations of laws regarding the safety management of firearms, bladed weapons, and explosives. Prosecutors allege that on April 13, A made a May 28, 2026

Six Chinese Nationals Sentenced to Life for Torturing Korean Student to Death in Cambodia Six Chinese nationals have been sentenced to life in prison for torturing a South Korean student to death in Cambodia. The victim, identified as Park Min-ho, was reportedly lured to the country by a fraudulent job offer and subsequently imprisoned by an online crime syndicate. This incident has highlighted ongoing issues related to Southeast Asian scams targeting foreign job seekers. According to reports from the Associated Press and Reuters, a court in Kampot Province sentenced the six men May 28, 2026

Hyundai's HTWO Guangzhou Selected as Leading Company in China's Hydrogen Industry Hyundai Motor Group's HTWO Guangzhou has been designated as a leading company in the hydrogen industry chain by the Guangzhou Municipal Bureau of Industry and Information Technology. This recognition marks Hyundai's formal integration into China's key hydrogen ecosystem, which is expected to accelerate the expansion of its local hydrogen business. Attention is now focused on whether the company can turn around its fortunes in the struggling Chinese automotive market through its hydrogen ini May 28, 2026

HD Hyundai Heavy Industries Intensifies Efforts to Secure Canadian Submarine Contract HD Hyundai Heavy Industries is ramping up efforts to secure a contract for the Canadian submarine acquisition project by expanding collaboration with local shipyards. On May 28, the company announced that executives from both HD Hyundai Heavy Industries and Davie Shipyard met on May 26 at Davie's Ottawa office to discuss strengthening strategic cooperation across shipbuilding and naval operations. The meeting included Park Yong-yeol, head of HD Hyundai Heavy Industries' naval business divi May 28, 2026