Trump Says Iran Negotiations Are in Final Stages as Iran Demands Sanction Relief Amid a prolonged conflict in the Middle East, President Donald Trump announced that negotiations with Iran are in the final stages, suggesting a potential end to hostilities. Meanwhile, Iran confirmed it is reviewing U.S. proposals but insists that the release of frozen assets and the cessation of maritime blockades must be prerequisites for any dialogue. On May 20, during a visit to the Coast Guard Academy in New London, Connecticut, Trump told reporters, "We are in the final stages regar May 21, 2026

KG Mobility Hires Former Hyundai Executive to Boost Exports KG Mobility has taken a significant step in its global market strategy by hiring a former Hyundai Motor executive. On May 21, industry sources reported that KG Mobility appointed Han Chung-seop as the head of its Overseas Business Division. The company disclosed the new executive in its first-quarter audit report. Han has extensive experience in overseas sales, having previously managed operations in Latin America and the Middle East at Hyundai Motor. His expertise is expected to suppor May 21, 2026

CJ Olive Young Launches First U.S. Store in Pasadena, California CJ Olive Young is set to make a significant entry into the U.S. beauty market by opening its first standalone store and launching a dedicated online shop simultaneously. Positioned in the heart of Pasadena, California, an area dominated by major beauty retailers like Sephora and Ulta Beauty, the store aims to serve as a showcase for K-beauty and a launchpad for domestic indie brands entering the U.S. market. The Pasadena location, named "Olive Young Pasadena," will open on May 29 (loc May 21, 2026

Construction Oversight Lapses at Samsung Station GTX-A Project At the Samsung Station construction site for the GTX-A line, it has been confirmed that the oversight team marked inspection results as 'satisfactory' for two consecutive months despite being aware of the missing 178 tons of rebar. Additionally, it has come to light that Seoul City submitted the oversight team's construction management report to the Korea Railroad Corporation without independent verification, raising concerns about the overall construction, oversight, and supervision system.Acco May 21, 2026

Korea to Become Hub for AI Collaboration with UN and MDBs, Says Deputy Prime Minister Koo Yun-cheol, Deputy Prime Minister and Minister of Economy and Finance, stated on May 21 that South Korea can serve as a connection hub for collaboration between UN agencies and multilateral development banks (MDBs) in the field of artificial intelligence (AI). Speaking at the Global AI Hub Vision Declaration ceremony held at the Grand Hyatt in Seoul, Koo noted that international cooperation in AI is currently fragmented among various organizations, and there is a lack of collaborative f May 21, 2026

Home & Shopping Launches 'Traditional Market Revitalization' Project at Yeonggwang Terminal Market Home & Shopping hosted a 'Local Small Business E-Commerce Seminar' at Yeonggwang Terminal Market in Jeolla Province. According to Home & Shopping on the 21st, this event is part of the 'Traditional Market Revitalization Project' launched last year, which focuses on providing concentrated support to five selected traditional markets across the country each year. Last year, the project included markets such as Changwon Masan Fish Market (Gyeongsang region), Gwangju Yangdong Traditional May 21, 2026

LG Electronics Shares Surge Amid KOSPI Rally and Robotics Hopes LG Electronics is experiencing a strong performance on the stock market, buoyed by a significant rise in the KOSPI index. Investor sentiment has been further enhanced by growing expectations surrounding the robotics value chain. According to the Korea Exchange, as of 2:38 PM, LG Electronics shares were trading at 235,000 won, up 54,000 won (29.83%) from the previous trading day. The stock opened at 185,200 won and surged to near the upper limit during the trading session. On this day, th May 21, 2026

Special Prosecutors to Summon Yoon Suk Yeol for Investigation on Abuse of Power and Rebellion Charges The second special prosecutor team, led by Kwon Chang-young, will summon former President Yoon Suk Yeol for questioning twice next month. This investigation will focus on allegations of abuse of power related to justifying martial law and charges of rebellion under military law. The special prosecutor's office announced on May 21 that it has requested Yoon to appear at 10 a.m. on June 6 for questioning regarding his alleged abuse of power in conveying messages justifying martial law to t May 21, 2026

President Lee Calls for Action Against State Violence and Fake News President Lee Jae-myung stated on May 21 that all available means should be mobilized to punish those who spread malicious fake news, such as the theory of North Korean involvement in the Gwangju Uprising, and to address acts that glorify state violence or insult victims.During a senior advisors meeting at the Blue House, President Lee emphasized, "We must correct the wrong history to prevent the same tragedy from recurring." He highlighted the importance of confronting past mistakes rather than May 21, 2026

Google Fully Integrates AI into Online Advertising Market Google is set to fully integrate artificial intelligence (AI) into the advertising market. Beyond product promotion, AI will analyze context, recommend discounted products, and automatically generate tailored product descriptions, signaling a major transformation in the online advertising landscape. On May 21, Google announced a comprehensive overhaul to incorporate generative AI across all advertising and commerce sectors during its annual advertising event, Google Marketing Live (GML) 2 May 21, 2026