SpaceX Plans to Build Cities on the Moon as IPO Approaches Aerospace company SpaceX has publicly released its investment prospectus ahead of its initial public offering (IPO) filed with the U.S. Securities and Exchange Commission (SEC). According to Yonhap News on May 21, the prospectus, published on the SEC's website, states that SpaceX has applied for the listing of its Class A common stock on the Nasdaq and Nasdaq Texas under the ticker symbol 'SPCX.' SpaceX aims to raise a record $75 billion through the IPO. If successful, the company's valu May 21, 2026

South Korea Freezes Sixth Oil Price Cap Amid Global Market Stability The South Korean government has decided to freeze the sixth oil price cap, marking the fourth time since the second cap was implemented. Previously announced every two weeks, the oil price caps will now be adjusted every four weeks. The Ministry of Trade, Industry and Energy announced on May 21 that the sixth oil price cap, effective from midnight on May 22, will maintain the prices at 1,934 won per liter for regular gasoline, 1,923 won for diesel, and 1,530 won for kerosene. The governme May 21, 2026

Lottery Winner Shares Surprising Story After Winning Pension Lottery "One day, I suddenly felt like buying a lottery ticket, so I went to a lottery shop and bought both lotto and pension lottery tickets." As interest grows in the winning numbers for the 316th Pension Lottery 720+ on May 21, the story of a winner from the 284th Pension Lottery 720+ has captured attention. The winner, who claimed 1st place (1 ticket) and 2nd place (4 tickets), shared their experience on the Donghaeng Lottery winner's bulletin board, stating, "One day, I suddenly felt like bu May 21, 2026

Supreme Court Rules Tattooing by Non-Medical Professionals Is Not a Violation of Medical Law The Supreme Court has ruled that the typical tattooing practices performed by non-medical professionals do not constitute unauthorized medical practice. This marks a significant change in legal precedent after 34 years since the court's previous ruling in 1992 that deemed such actions a violation of medical law.On May 21, the Supreme Court's full bench unanimously overturned the lower court's ruling that had imposed fines on defendants A and B for violating medical law and sent the case back to May 21, 2026

Starbucks Controversy Sparks Industry Reassessment of Promotions The controversy surrounding Starbucks Korea's 'Tank Day' event is reverberating throughout the retail industry. The promotion, which coincided with the May 18 Democratic Uprising Memorial Day, has faced criticism for trivializing historical trauma. This concern intensified after President Lee Jae-myung referenced a Musinsa advertisement from seven years ago. Retailers are now reviewing not only their ongoing promotions but also past advertisements and content, adopting a cautious approa May 21, 2026

Starbucks Faces Boycott and Customer Exodus Amid Tank Day Controversy The controversy surrounding Starbucks Korea's "Tank Day" has escalated into a boycott movement, refund relays, and political and ideological disputes. Industry experts warn that this situation could undermine Starbucks' core competitive advantage, its loyal customer base, brand image, and overall revenue structure. As of May 21, posts sharing methods for refunding Starbucks cards have rapidly spread across online communities and social media platforms. Some users have encouraged participa May 21, 2026

Yoon Ho-jung: Government to Halt Starbucks Promotions Over Controversy Yoon Ho-jung, the Minister of the Ministry of Interior and Safety, announced that the government will cease providing promotional items from Starbucks Korea following controversy surrounding the company's planned 'Tank Day' event coinciding with the May 18 Democratic Uprising memorial. On May 21, Yoon stated on X, "Democracy is built on the sacrifices and dedication of citizens," adding, "Disregarding that history or commodifying it is not something we can take lightly." He expressed dee May 21, 2026

Woori Bank's 106-Year Legacy: A Visit to the Jeonju Financial Center On May 18, I arrived at Wansan-gu Paldal-ro after a 20-minute bus ride from Jeonju Station. Amidst ordinary buildings, one structure stood out, reminiscent of European architecture. Inside, employees were bustling about, and visitors filled the space at the Woori Bank Jeonju Financial Center, which has been a fixture for 106 years.The Jeonju Financial Center, which opened in 1920 as the Jeonju branch of Hanil Bank, has played a crucial role in supporting the local economy. It has evolved into a May 21, 2026

Woori Bank Expands Global Reach with 100 Years of Expertise Woori Financial Group is leveraging its 100 years of expertise to expand its global footprint. The company is establishing a financial network to support South Korean firms in overseas semiconductor and defense sectors, creating new growth opportunities and productive finance.According to the financial sector on May 21, Woori Financial has established a new base in Austin, Texas, to enhance its corporate banking operations.As Texas emerges as a new "land of opportunity" that rivals Silicon Valle May 21, 2026

Court Sentences Former National Intelligence Service Chief Cho Tae-yong to 18 Months in Prison Cho Tae-yong, the former chief of South Korea's National Intelligence Service (NIS), was sentenced to 18 months in prison for failing to fulfill his reporting obligations to the National Assembly during the declaration of martial law on December 3, 2024, and for submitting false responses to conceal his involvement. However, the court found him not guilty of the key charges of negligence and political involvement. The Seoul Central District Court's Criminal Division 32, presided over by May 21, 2026