Woori Bank Opens Premium Wealth Management Branch in Jamsil Woori Bank is intensifying its competition to attract wealthy clients by launching a specialized wealth management branch. On May 22, the bank announced the opening of 'Two Chairs W Jamsil,' a premium wealth management service, at Lotte World Tower in Songpa-gu, Seoul.The opening ceremony was attended by CEO Jeong Jin-wan, key members of the Wealth Management (WM) group, and important clients, who participated in various commemorative events.Two Chairs is Woori Bank's dedicated private banking ( May 23, 2026

Jung Cheong-rae Promises Support for Chungbuk's Growth Ahead of Local Elections Jung Cheong-rae, the head of the Democratic Party, pledged on May 22 to maximize growth potential in Chungbuk by supporting the establishment of a private runway at Cheongju International Airport, the construction of the Gangho Axis railway network, and the implementation of basic income for rural areas ahead of the June 3 local elections. He also announced the formation of a task force (TF) led by lawmaker Im Ho-seon to ensure the swift realization of these commitments. During a central May 23, 2026

Jung Won-oh Leads Oh Se-hoon by a Narrow Margin in Seoul Mayoral Race As the official campaign for the June 3 local elections kicks off, Jung Won-oh of the Democratic Party and Oh Se-hoon of the People Power Party are locked in a tight race within the margin of error. A poll conducted by Ace Research, commissioned by Newsis, surveyed 1,002 adults aged 18 and older living in Seoul from May 19 to 20. The results showed Jung with a support rate of 41.7% and Oh with 41.6%. Other candidates included Kwon Young-guk of the Justice Party at 2.1%, Kim Jeong-cheol May 23, 2026

Park Hong-geun: Criteria for High Oil Price Relief Payments to Favor Citizens Park Hong-geun, the Minister of the Ministry of Economy and Finance, announced that if citizens who were notified they do not qualify for the high oil price relief payments file an appeal, the criteria will be adjusted favorably based on recent income and asset changes. On May 22, Park visited the Sinwol 1-dong community center in Yangcheon-gu, Seoul, to assess the second round of high oil price relief payments. During the visit, he stated, "Even if someone is informed they are not eligi May 23, 2026

Hyundai Engineering Proposes 'Private Life' Concept for Apgujeong District 5 Hyundai Engineering announced on May 22 that it has proposed a 'Private Life' concept for the Apgujeong District 5, designed to allow residents to utilize community facilities in a separate space. Hyundai explained that to enhance residents' privacy, the pathways connecting the complex, buildings, and units are referred to as 'Private Sequence,' effectively isolating them from outside visitors. To access resident-only facilities, individuals must first pass through the 'Timeless Gat May 23, 2026

Police Transfer Former Lawmaker Tae Yong-ho's Son to Prosecutors for $12 Million Fraud The son of former lawmaker Tae Yong-ho has been transferred to prosecutors on charges of cryptocurrency investment fraud totaling approximately 16 billion won (about $12 million). According to police on May 22, the Gangnam Police Station in Seoul sent Tae's son, identified as Tae Mo, to prosecutors on May 13 while he was in custody. Police had arrested him on May 7. Tae is accused of defrauding acquaintances by promising them returns on cryptocurrency investments, leveraging his father's May 23, 2026

LS Electric Chairman Gu Ja-kyun: We Must Exceed Customer Expectations LS Electric Chairman Gu Ja-kyun emphasized that the company must go beyond merely meeting customer expectations. He conducted an on-site inspection of the switchgear production line and smart factory to assess quality control. During his visit to the Cheongju plant in North Chungcheong Province on May 22, Gu stated, "The hyper-scale data center market led by the U.S. does not allow for any margin of error in next-generation power grids, such as direct current (DC) distribution. High-end May 23, 2026

South Korea's Ministry of Trade Accelerates AI Adoption with New Expert Hires The Ministry of Trade is accelerating the adoption of artificial intelligence (AI) in its internal administrative processes by hiring private sector experts dedicated to planning and implementing AI initiatives. On May 22, the ministry launched an AI Innovation Advisory Group composed of external experts and held its first kickoff meeting. The ministry aims to promote AI transformation (AX) to create an efficient industrial and trade work environment, focusing on building AI governance, i May 23, 2026

Emro Unveils Agentic AI at Global Supply Chain Event to Target Procurement Automation Market Software company Emro is accelerating its global market strategy by showcasing agentic artificial intelligence (AI)-based procurement automation technology at the world's largest supply chain event. Emro announced on May 22 that it participated in the Gartner Supply Chain Symposium & Expo held in Orlando, Florida, and Barcelona, Spain, where it presented AI-driven procurement innovations and its SRM software-as-a-service (SaaS) solution, Cadencia. The event attracted around 5,000 supply May 23, 2026

Over 80% of Diabetic Patients in Their 30s in South Korea Are Obese More than 80% of diabetic patients in their 30s in South Korea are reported to be obese. This shift from the previously prevalent 'thin diabetes' to 'obesity-related diabetes' in recent years indicates a concerning trend. Experts emphasize the growing need for integrated treatment that combines blood sugar management with weight loss. Kangbuk Samsung Hospital announced on May 22 that a research team led by Professor Park Se-eun from the Department of Endocrinology published an analysis of May 23, 2026