Korean Banks Complete Verification for International Payment Project Agora Domestic banks are accelerating the verification of next-generation international payment infrastructure.KB Kookmin, Shinhan, Woori, and NH NongHyup Banks announced on May 28 that they have completed the prototype verification for the 'Project Agora,' led by the Bank for International Settlements (BIS) and the Institute of International Finance (IIF).The Agora Project is a public-private partnership aimed at verifying the feasibility of efficient cross-border payments using central bank digital May 28, 2026

National Security Chief Wei Sung-lak Visits Kazakhstan for Energy Cooperation Talks Wei Sung-lak, the head of South Korea's National Security Office, is set to depart for Kazakhstan on May 28.The Blue House announced that Wei is visiting Kazakhstan, a key trading and investment partner in Central Asia, to discuss preparations for the upcoming Korea-Central Asia Summit scheduled for September.During his visit, Wei will meet with officials from the Kazakh presidential office to review the summit's preparations and coordinate plans for Kazakh President Kassym-Jomart Tokayev's visi May 28, 2026

National Security Chief Wi Sung-lak Visits Kazakhstan to Discuss Energy Cooperation Wi Sung-lak, the head of South Korea's National Security Office, is set to depart for Kazakhstan on May 28. The Blue House announced that Wi's visit aims to discuss cooperation with Kazakhstan, a key trading and investment partner in Central Asia, ahead of the upcoming Korea-Central Asia Summit scheduled for September. During his visit, Wi will meet with officials from the Kazakh presidential office to review preparations for the summit and coordinate plans for Kazakh President Kassym-Jomart May 28, 2026

KOSPI Rebounds Amid Retail Buying Despite Foreign Sell-Off The KOSPI index turned upward on the 28th, buoyed by retail investor buying. As of 9:58 a.m., the index was trading at 8,240.30, up 11.60 points (0.14%) from the previous trading day. At this time, foreign investors were net sellers, offloading 23.665 trillion won, while individuals and institutions were net buyers, purchasing 2.606 trillion won and 244.6 billion won, respectively. The KOSPI opened at 8,165.73, down 62.97 points (0.77%) from the previous day, initially widening its l May 28, 2026

KOSPI Rebounds Amid Strong Retail Buying Despite Foreign Sell-Off The KOSPI index turned upward on May 28, buoyed by strong retail buying. As of 9:58 a.m., the index was trading at 8,240.30, up 11.60 points (0.14%) from the previous trading day. At this time, foreign investors were net sellers, offloading 23.665 trillion won, while individuals and institutions were net buyers, purchasing 2.606 trillion won and 244.6 billion won, respectively. The KOSPI opened at 8,165.73, down 62.97 points (0.77%) from the previous day, and initially widened its lo May 28, 2026

Hyundai Mobis Hits New 52-Week High Amid Physical AI Value Chain Reassessment Hyundai Mobis has reached a new 52-week high, driven by investor optimism surrounding the reassessment of its physical artificial intelligence (AI) value chain. According to the Korea Exchange, as of 10:19 a.m. on May 28, Hyundai Mobis shares were trading at 712,000 won, up 24,000 won (3.49%) from the previous trading day. Shortly after the market opened, the stock surged 8.87% to hit 749,000 won, marking a new high. Analysts are focusing on the expansion of Hyundai Mobis's physical AI v May 28, 2026

Hyundai Mobis Hits 52-Week High Amid Physical AI Value Chain Reassessment Hyundai Mobis has reached a 52-week high, driven by investor optimism surrounding the reassessment of its physical artificial intelligence (AI) value chain. According to the Korea Exchange, as of 10:19 a.m. on May 28, Hyundai Mobis shares were trading at 712,000 won, up 24,000 won (3.49%) from the previous trading day. Shortly after the market opened, the stock surged to 749,000 won, marking a new high with an 8.87% increase. Analysts are focusing on Hyundai Mobis's expansion of its phys May 28, 2026

Hyundai Mobis Hits 52-Week High Amid Physical AI Value Chain Reassessment Hyundai Mobis has reached a 52-week high, driven by investor optimism regarding the reassessment of its physical artificial intelligence (AI) value chain. According to the Korea Exchange, as of 10:19 a.m. on May 28, Hyundai Mobis shares were trading at 712,000 won, up 24,000 won (3.49%) from the previous trading day. The stock briefly surged to 749,000 won, an 8.87% increase, shortly after the market opened, marking a new high. Analysts are focusing on Hyundai Mobis's expansion of its ph May 28, 2026

Typhoon 'Jangmi' Expected to Intensify with Potential Impact on South Korea As Typhoon 'Jangmi' moves northward, attention is focused on its potential impact on South Korea. According to the forecast, Jangmi is expected to reach the waters near Okinawa, Japan, early next week. In a bulletin released at 10 a.m. on May 28, the Korea Meteorological Administration reported that as of 9 a.m. that day, Jangmi was located about 610 kilometers northeast of Palau, moving northwest. The central pressure is 998 hPa, with maximum wind speeds near the center reaching 19 m/s a May 28, 2026

Bank of Korea Raises Growth Forecast to 2.6%, Holds Key Rate Steady for Eighth Time The Bank of Korea has kept its key interest rate steady for the eighth consecutive time. The economic growth forecast has been raised by 0.6 percentage points, bolstered by a semiconductor boom. As the Middle East conflict continues, inflation expectations have also been adjusted upward. During its monetary policy meeting on May 28, the Bank of Korea's Monetary Policy Committee decided to maintain the key interest rate at 2.50% for the eighth time, following freezes in July, August, Octob May 28, 2026