Bank of Korea Raises Economic 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 significantly by 0.6 percentage points, buoyed by a semiconductor boom. However, inflation expectations have also increased due to the prolonged conflict in the Middle East. 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%. This marks the eighth consecutive freeze, May 28, 2026

Bank of Korea Raises Growth Forecast to 2.6%, Holds Interest Rate Steady for Eighth Time The Bank of Korea has kept its benchmark interest rate steady for the eighth consecutive time. The central bank raised its economic growth forecast significantly, citing a semiconductor boom, while also adjusting its inflation expectations due to the ongoing Middle East conflict. During a monetary policy meeting on May 28, the Bank of Korea's Monetary Policy Committee decided to maintain the benchmark interest rate at 2.50%. This marks the eighth consecutive month of holding the rate stea May 28, 2026

Hai Phong City in Vietnam Expands Cooperation with South Korea for Innovation and Circular Agriculture Hai Phong City in Vietnam, home to numerous South Korean companies including LG Electronics, is advancing its goal of becoming a global innovation city through enhanced scientific and technological cooperation with South Korea. The city is working on a strategic partnership with the Korea Institute of Science and Technology (KIST), hosting Techfest Hai Phong 2026, and implementing a circular agriculture technology transfer project, all aimed at achieving its goal of entering the "Top 200 May 28, 2026

Canada Chooses Swedish Saab Over Boeing for Next-Gen Early Warning Aircraft The Canadian government has selected Sweden's Saab for its next-generation early warning aircraft program, opting for the GlobalEye model instead of the U.S. Boeing option. This decision reflects Canada's efforts to reduce its defense dependence on the United States amid strained relations since the Trump administration took office. On May 27, Canadian Prime Minister Mark Carney announced the plan to acquire Saab's GlobalEye during a defense conference in Ottawa. The GlobalEye is based on B May 28, 2026

Canada Chooses Swedish Saab Over Boeing for Next-Gen Surveillance Aircraft The Canadian government has selected Sweden's Saab to supply its next-generation surveillance aircraft, opting for the GlobalEye model instead of the U.S. Boeing option. This decision reflects Canada's efforts to reduce its reliance on U.S. defense systems and enhance its Arctic defense capabilities amid strained relations since the Trump administration took office. On May 27, Canadian Prime Minister Mark Carney announced the plan to acquire Saab's GlobalEye during a defense conference in O May 28, 2026

Canada Chooses Swedish Saab Over Boeing for Next-Gen Early Warning Aircraft The Canadian government has selected Sweden's Saab for its next-generation early warning aircraft program, opting for Saab's model over that of U.S. defense contractor Boeing. This decision reflects Canada's efforts to reduce its reliance on U.S. defense systems and enhance its Arctic defense capabilities amid strained relations since the Trump administration. On May 27, Canadian Prime Minister Mark Carney announced the plan to acquire Saab's GlobalEye early warning aircraft during a defens May 28, 2026

Oh Se-hoon Visits Site of Seosomun Overpass Collapse for Fourth Time Oh Se-hoon, the candidate for Seoul Mayor from the People Power Party, visited the site of the Seosomun overpass collapse on May 28, urging for safety measures. This marks his fourth visit since the incident occurred. Having suspended his official campaign for three days, Oh arrived at the demolition site in Migeun-dong, Seodaemun District, at 9 a.m. on the 28th. During his visit, he met with Acting Mayor Kim Seong-bo and spent 25 minutes assessing the recovery efforts, also urging the M May 28, 2026

Oh Se-hoon Visits Site of Seosomun Overpass Collapse for Fourth Time Oh Se-hoon, the People Power Party candidate for Seoul Mayor, visited the site of the Seosomun overpass collapse on May 28, 2026, urging for safety measures. This marks his fourth visit since the incident occurred. Having paused his official campaign for three days, Oh arrived at the demolition site in Migeun-dong, Seodaemun District, at 9 a.m. He met with Acting Mayor Kim Sung-bo and spent 25 minutes assessing the recovery efforts, while also calling for active government support from th May 28, 2026

Oh Se-hoon Visits Site of Seosomun Overpass Collapse for Fourth Time Oh Se-hoon, the People Power Party candidate for Seoul Mayor, visited the site of the Seosomun overpass collapse on May 28, 2026, for the fourth time, urging for safety measures. This visit comes three days after he suspended his official campaign activities. On the morning of May 28, at 9 a.m., Oh visited the site of the overpass demolition accident in Migeun-dong, Seodaemun District. He met with Acting Mayor Kim Seong-bo and assessed the recovery efforts for 25 minutes, calling for acti May 28, 2026

Meta Begins Charging for AI Services, Starting at $7.99 per Month Meta has initiated the monetization of its artificial intelligence (AI) services. While a free version of Meta AI will continue to be available, users who heavily utilize image and video generation, as well as advanced reasoning features, will be charged. This move comes as the company seeks to expand its revenue sources amid increasing investment costs. According to reports from The Verge and others on May 27, Meta plans to test its dedicated paid AI products in Singapore, Guatemala, and May 28, 2026