Minister Park Hong-keun Calls for Strengthened Central-Local Cooperation to Revive Solar Industry Park Hong-keun, the Minister of Economy and Finance, stated on May 8 that strengthening cooperation between the central government and local governments is essential for reviving the solar industry ecosystem. During his visit to Hanwha Solutions Q CELLS, a domestic solar cell manufacturer in Jincheon, Minister Park toured the production facilities for solar cells and modules and gathered feedback from officials. He highlighted the significance of the veranda solar power supply project in terms of securing energy supply chains and achieving carbon neutrality. However, he emphasized the need for the smooth implementation of energy transition projects, amounting to approximately 600 billion won, which are reflected in the supplementary budget for this year. An official from the company suggested that increased support is necessary to enhance the technological competitiveness of domestic firms, particularly in next-generation solar cells. In fact, the market share of domestic solar cell manufacturers dropped from about 50% in 2019 to around 25% in 2023, and it has recently fallen to just over 4%, highlighting the crisis facing the domestic industry. The Ministry of Economy and Finance believes that collaboration among the central government, local governments, manufacturers, and private associations is crucial for securing technological competitiveness and restoring the solar industry ecosystem. Minister Park plans to review the feedback gathered during the visit with relevant departments and consider it for the 2027 budget. He stated, "In addition to renewable energy supply projects like solar panels, we will implement various support measures, including research and development (R&D) and financial assistance, to enhance the global competitiveness of domestic producers." Additionally, Minister Park visited the Jincheon National Training Center to encourage athletes preparing for the Aichi-Nagoya Asian Games. He noted that 3 billion won has been allocated in the supplementary budget for the construction of an 'air mat' facility that allows for year-round winter training, pledging to improve the training environment for athletes.* This article has been translated by AI. 2026-05-08 14:33:26

Daewoong Pharmaceutical Partners with Tion Lab Therapeutics to Develop Monthly Obesity Treatment Daewoong Pharmaceutical and Tion Lab Therapeutics are officially launching the development of a monthly injectable treatment for obesity, utilizing their proprietary platform technologies. The two companies aim to begin patient dosing in domestic clinical trials within the year.The global obesity treatment market is projected to grow at an annual rate of over 30%, potentially reaching $200 billion by 2030. This growth is expected to intensify competition around 'shortened dosing intervals and convenience of administration' in the obesity market.On May 8, Daewoong Pharmaceutical announced that it has signed a strategic partnership agreement with Tion Lab Therapeutics for the global development and commercialization of a monthly obesity injection. The collaboration combines Tion Lab's Qject Sphere platform with Daewoong's Cure platform to develop a long-acting injectable based on semaglutide.Qject Sphere is noted for its ability to suppress initial drug release through specialized formulation and microparticle coating. Cure enhances particle homogeneity by manufacturing microspheres of uniform size, achieving consistent and low-variance release rates.Daewoong Pharmaceutical stated, "The Qject Sphere technology controls the initial release rate, while the Cure technology maintains a stable and consistent release rate over the desired duration. This synergy allows for rapid release suppression and long-term release patterns, while minimizing variability in product quality during mass production."Currently, Daewoong is also developing an obesity treatment option that utilizes a 'microneedle patch' technology to maintain the efficacy of injections while reducing pain and administration burden. This agreement enables Daewoong to complete a comprehensive treatment strategy in the obesity sector, encompassing oral medications, microneedle patches, and long-acting injectables.Daewoong Pharmaceutical CEO Park Seong-soo remarked, "This partnership has allowed us to establish a portfolio that ranks among the best in the industry for obesity treatment."Industry experts predict that if an injectable product can maintain effectiveness while reducing dosing frequency, it could significantly change patient adherence and prescribing patterns.* This article has been translated by AI. 2026-05-08 14:31:34

North Korea to 'deploy new self-propelled howitzers along border within this year' SEOUL, May 8 (AJP) - North Korea will deploy new self-propelled howitzers along the border with South Korea "within this year," state media reported on Friday. According to the state-run Korean Central News Agency, its leader Kim Jong-un visited a munitions factory earlier in the week where he "learned about the production of new-type self-propelled gun-howitzers for three battalions to be deployed at the long-range artillery unit in the southern borderline within this year." Assessing the "new-type 155mm self-propelled gun-howitzer" being produced at the factory, Kim expressed great satisfaction at the "successes in manufacturing new-generation artillery weapons with very high mobility and striking power," which means it has enough range to hit targets in South Korea, posing a direct threat to Seoul. Kim's comments suggest the howitzer has enough range to hit targets in the South, posing a direct threat to Seoul. "The striking range of this large-caliber rifled gun for the frontline units to newly equip themselves, along with various operational and tactical missile systems and powerful multiple rocket launcher systems, is over 60 km and such rapid extension of striking range and remarkable improvement of striking capability will provide a great change and advantage in the land operations of our army," he added. During Wednesday's visit, Kim also inspected a "new-type main battle tank and various launchers," urging officials and munitions industry workers to upgrade them to an "ultra-modern level in the shortest period." Shin Jong-woo, secretary-general of the Korea Defense and Security Forum, said North Korea appears to "show off the modernization of its conventional forces" by disclosing a mass production system for what appears to be a North Korean version of the South's K9 self-propelled howitzer, as part of a broader push to "strengthen its naval forces" after unveiling the 5,000-ton multipurpose destroyer Choe Hyun in April last year. 2026-05-08 14:17:09

Han Dong-hoon Requests Supporters to Send Their Hearts Instead of Attending Campaign Opening Han Dong-hoon, a former leader of the People Power Party, stated that regarding the opening of his campaign office in Busan on May 10, he has asked lawmakers who expressed their intention to attend to "send their hearts from afar this time." Running as an independent candidate for the Busan North Gap seat in the June 3 local elections, Han made these comments during an appearance on MBC Radio's "Kim Jong-bae's Focus" on the morning of May 8. When asked if it would be awkward since the People Power Party's Park Min-sik is also holding an opening ceremony on the same day, he replied, "I want to make it a festive occasion for local residents rather than a display of central political power struggles unrelated to the region." Earlier, lawmakers Han Ji-a and Jin Jong-o expressed their intention to attend Han's opening ceremony. In response, Han noted, "There are many lawmakers who plan to come, not just Han Ji-a and Jin Jong-o," and emphasized that he wants to enjoy the event with local residents this time. Meanwhile, Park's opening ceremony is expected to be attended by party leaders, including Jang Dong-hyuk and Song Eon-seok. Regarding this, Han remarked, "The Jang Dong-hyuk faction is showing a stance that they will block Han Dong-hoon even if the Democratic Party takes over here," calling it "very strange politics." On the appointment of Jeong Hyung-geun as his campaign chair, Han clarified, "He is not the one to determine the direction of my election campaign," adding, "This shows that former lawmaker Jeong, who has a strong conservative inclination, agrees with my vision for conservative reconstruction. This election is about electing me, not about the campaign chair." Finally, Han expressed his intention to return to the party, stating, "When I was unjustly expelled, my first words were, 'I will definitely return.' I will return to change the party, conservatism, and South Korea." 2026-05-08 14:02:22

French Prosecutors Intensify Pressure on Elon Musk Amid Expanded Investigation French prosecutors have escalated their investigation into Elon Musk and the social media platform X, transitioning the case into a judicial inquiry. The scope of the investigation now extends beyond the platform to include the artificial intelligence service Grok. According to Reuters on May 8, the Paris prosecutor's office has moved the case related to X into the judicial investigation phase. This means that a judge will now oversee the proceedings. Prosecutors are in the process of formally including X.AI Holdings, X, xAI, Musk, and Linda Yaccarino, the former CEO of X, as subjects of the investigation. This action signifies a shift to a more serious stage of inquiry, moving beyond preliminary investigations. Reuters reports that if the individuals do not comply with summonses, the investigating judge may issue warrants for their arrest. The allegations have broadened as well. According to the Associated Press, French authorities are examining issues related to the distribution of child sexual exploitation material, the dissemination of non-consensual sexual deepfakes, conspiracy to deny crimes against humanity, and suspicions of manipulating automated systems. The investigation also includes concerns that Grok generated sexually explicit deepfakes and Holocaust denial responses. Musk and Yaccarino were previously summoned for voluntary questioning in April but did not respond. Both Reuters and AP have reported that neither attended the summons. This investigation illustrates that French regulatory scrutiny is extending beyond X to Musk's AI ventures. Given that X and xAI are developing both a platform and generative AI, analysts suggest that the outcome of this investigation could increase operational burdens in Europe for Musk's businesses. 2026-05-08 14:00:18

Trump to Address Nation Early May 9 Amid Rising U.S.-Iran Tensions President Donald Trump is set to make a public address. The timing comes shortly after renewed tensions in the U.S.-Iran conflict, raising questions about whether he will discuss military actions, ceasefire management, or issues related to the Strait of Hormuz. The White House announced that Trump will speak at noon on May 8 in the Rose Garden. This translates to 1 a.m. on May 9 in South Korea. The specific topics or key messages of his address have not been disclosed. This speech coincides with heightened tensions between the U.S. and Iran. Just a day prior, three U.S. Navy destroyers were attacked in the Strait of Hormuz, prompting the U.S. to respond with retaliatory strikes. Despite this, Trump has maintained that a ceasefire is still in effect. Observers in Washington anticipate that the Iranian issue may be addressed during this speech, given the ongoing concerns about the ceasefire, subsequent negotiations, and navigation issues in the Strait of Hormuz. However, since the topics have not been made public, it is uncertain whether Trump will directly mention military actions against Iran. Markets are also closely watching the tone of this address. According to Reuters, concerns over disruptions to oil transport in the Strait of Hormuz due to renewed U.S.-Iran conflict have pushed Brent crude prices above $100 per barrel. Analysts suggest that the content of Trump's remarks could lead to increased volatility in oil prices and financial markets. 2026-05-08 13:53:05

Deputy Minister Warns of Risks in AI Transition for Manufacturing Sector Deputy Minister Moon Shin-hak of the Ministry of Trade, Industry and Energy emphasized that the transition to artificial intelligence in manufacturing is not optional but essential, stating, "If we fall behind in competition with companies from other countries, we will inevitably be eliminated." He acknowledged the ongoing strike movements by the unions at Samsung Biologics and Samsung Electronics, saying, "While it is not appropriate to comment directly on specific corporate issues, the impact on the domestic industry is significant," and added that both labor and management must engage in discussions with a shared understanding. The sense of crisis is evident. However, what is needed now is not just warnings but refined solutions. Tensions in the field have already become a reality. The Samsung Biologics union has launched a full strike demanding wage increases, expanded performance bonuses, and fair personnel standards, while the Samsung Electronics union has announced a total strike, seeking performance bonuses linked to operating profits and the abolition of caps on bonuses. Although the specifics of their demands differ, the essence remains the same: how to share the productivity gains brought about by AI transition and automation, and how to ensure employment and future security in the process. As Deputy Minister Moon diagnosed, the AI transition is an unavoidable trend. Global manufacturing is already being reshaped around data and algorithms, and automation and unmanned operations have become fundamental conditions for competitiveness. Falling behind in this trend could lead not only to losing market share but also to destabilizing the industrial foundation itself. Therefore, speed is crucial. However, speed alone is not sufficient. When speed overwhelms conflict, it can lead to fractures within the industry. The current debate is not about 'speed versus distribution.' It is about whether we can design both speed and distribution simultaneously. Simply leaving this issue to labor-management negotiations is unrealistic. The existing wage-centered negotiation structure cannot accommodate the structural changes brought about by the AI transition. A new framework is necessary. First, the AI transition should be approached with a phased strategy. Initially, it is important to maintain speed for competitiveness while simultaneously implementing measures to mitigate employment shocks. Without retraining, job transitions, and internal mobility programs, automation will quickly lead to conflict. The key is to create a structure that maintains speed while absorbing shocks. Second, performance distribution should be approached not merely as profit-sharing but as a comprehensive issue of risk-reward structure. The AI transition requires substantial capital investment. Companies must bear losses in the event of failure. Demands to share only the gains without acknowledging this reality are unsustainable. Conversely, companies cannot justify avoiding distribution solely on the grounds of investment burdens. The solution is clear: a compensation system linked to medium- and long-term performance, along with a structure that shares some degree of volatility. Third, the agenda for labor-management negotiations should be expanded to encompass industrial structure. Companies must transparently present their technology adoption plans, employment impacts, and investment directions, while labor should negotiate not to reject change but to adjust conditions and speeds. This is not easy, but it is an unavoidable direction. The AI transition is not merely a wage negotiation issue; it is a matter of redesigning the entire production system. Fourth, the role of the government must also be clearly redefined. Deputy Minister Moon's emphasis on the necessity of industrial policy is valid. However, the costs and shocks of the transition should not be left solely to the private sector. At the same time, unconditional financial support could lead to moral hazard. Therefore, government intervention should be based on conditional principles. It is desirable to provide support for retraining, tax benefits, and partial subsidies for transition costs, while holding companies accountable for maintaining investments and job stability. Ultimately, the question raised by this situation is clear: Is South Korea ready for the AI transition? The technology is already in place. What is lacking are the systems, agreements, and design capabilities. The strikes at Samsung Electronics and Samsung Biologics are not just issues for specific companies; they signal a structural transition affecting the entire South Korean industry. Deputy Minister Moon's warning about "elimination" is valid. However, industries can also collapse when conflicts are not managed. What is needed now is to create a structure that can maintain speed while absorbing shocks. That is the true industrial competitiveness. 2026-05-08 13:50:51

Korean Kolmar Reports Record Q1 Operating Profit of 78.9 Billion Won Amid K-Beauty Export Surge Korean Kolmar, a cosmetics contract manufacturer, reported its highest-ever quarterly performance in the first quarter of this year, driven by a surge in global demand for sun care products in anticipation of early summer heat. According to the Financial Supervisory Service's electronic disclosure system on May 8, Korean Kolmar's consolidated operating profit for the first quarter reached 78.9 billion won, a 31.6% increase compared to the same period last year. Sales rose to 728 billion won, up 11.5% year-on-year, while net profit soared by 158.7% to 60 billion won. Both operating profit and sales marked the highest figures ever recorded for a single quarter. This performance is particularly noteworthy given that the first quarter is traditionally considered a slow season in the cosmetics industry. Korean Kolmar, the first ODM company designated as a large business group by the Fair Trade Commission, has secured numerous global indie brand clients in the sun care and skincare sectors. Notable clients include Gudai Global's 'Joseon Beauty' and Skin Angel's 'Skin1004.' In collaboration with Gudai Global, Korean Kolmar has co-developed sun care products such as 'Clear Rice Sunscreen' and 'Birch Juice Moisturizing Sunscreen,' surpassing cumulative sales of 100 million units over the past five years. The company is recognized as an ODM that has simultaneously secured competitive sun care formulations and a strong indie brand client base amid the expanding K-beauty export landscape. A representative from Korean Kolmar stated, "The record performance in the first quarter was achieved due to increased orders for skincare and sun care products driven by rising summer demand, along with strong exports of indie brands." 2026-05-08 13:49:18

Korea-Vietnam Business Forum Strengthens Green Economy Cooperation The Vietnam Eco-Friendly Product Manufacturing Association (EPMA) and the Korea-Vietnam Economic and Cultural Association (KOVECA) signed a memorandum of understanding to enhance cooperation in the green economy during the Korea-Vietnam Business Forum. The signing took place as part of the official schedule of the economic delegation at the forum held in Hanoi, Vietnam. The event was attended by Minister of Trade, Industry and Energy Kim Jeong-kwan and Minister of Finance Nguyen Van Thanh. Through this agreement, the two organizations have identified key cooperation areas including the green economy, smart agriculture, eco-friendly industries, and net-zero transitions. They plan to establish a phased cooperation roadmap from 2026 to 2030. Attendees at the signing ceremony included KOVECA President Kwon Seong-taek, Advisor Park Jong-nam, Vice President Lee Jong-hyun, and Ambassador Dinh Thi Tai My, along with EPMA Vice President Bu Minh Li, Secretary Bu Thi Van Hoa, and Deputy Director Nguyen Thi Trang of the Green Production Technology Research and Development Center (GREEN TECH). Kwon Seong-taek, President of KOVECA, stated, "This agreement marks a practical starting point for both Korea and Vietnam to move toward a shared future in the green economy. KOVECA will leverage Korea's technology, investment, and networks to create a sustainable industrial cooperation model combined with Vietnam's growth potential." Bu Minh Li, Vice President of EPMA, noted, "Vietnam is currently pursuing the transition to a green economy and achieving net-zero as a national strategy. Through this collaboration, we aim to implement concrete projects in the eco-friendly product industry, smart agriculture, and circular economy, enhancing the competitiveness of Vietnam's industry through international cooperation." KOVECA, established in 2014, is a non-profit organization that serves as a private cooperation platform connecting economic, cultural, educational, and industrial collaborations between Korea and Vietnam. It has facilitated investment attraction, technology cooperation, and official development assistance (ODA) projects by linking governments, local authorities, businesses, and research institutions. EPMA is a non-profit social and professional organization that connects companies and institutions related to Vietnam's eco-friendly product industry. It is an officially recognized entity approved by the Ministry of Home Affairs, providing policy advice, industrial support, and international cooperation. Its subsidiary, GREEN TECH, is responsible for technical implementation tasks such as energy diagnostics, carbon emission measurement, eco-friendly certification, and carbon credits. This collaboration is significant as it aims for action-oriented cooperation beyond mere exchanges. The two organizations plan to gradually advance technology transfer and joint projects in smart agriculture, circular economy, eco-friendly production, and carbon neutrality. Particularly, the collaboration will combine Korea's smart farm, smart factory, and new energy technologies with Vietnam's production base and market. The goal is to create specific industrial outcomes, such as adding value to agricultural by-products, producing eco-friendly materials, and establishing digital carbon management systems. The two organizations expect that this cooperation will also help enhance the international market competitiveness of businesses in both countries amid the strengthening of ESG standards and the expansion of carbon regulations. 2026-05-08 13:45:01

Samsung Electronics Launches Development of Humanoid Robots Samsung Electronics is re-establishing its focus on robotics. The company is bolstering its Future Robotics Team and has created a new execution organization within its Device Experience (DX) division to oversee AI-based future projects, accelerating preparations for the commercialization of manufacturing robots and humanoids. According to industry sources on May 8, Samsung's DX division has recently conducted internal recruitment for the Future Robotics Team, with applications accepted until today. Prior to the recruitment, Samsung held a briefing for employees to share the team's roles and responsibilities. The Future Robotics Team was established after Samsung secured a major stake in the robotics platform company Rainbow Robotics, and it is responsible for overseeing the development of next-generation robotic technologies, including humanoids. This workforce expansion is seen as a strategic move to transition the robotics business roadmap into the execution phase rather than merely expanding the organization. During a recent earnings call, Samsung outlined its plan to first develop manufacturing robots before expanding into home and retail sectors. The company also indicated it would consider internalizing key robotic components and collaborating with domestic firms, as well as being open to investments and acquisitions if necessary. Samsung's renewed focus on robotics is not a recent development. In 2021, the company formed a task force for robotics commercialization, which evolved into a formal robotics team the following year. In January 2023, Samsung invested approximately 59 billion won in Rainbow Robotics, securing its position as the largest shareholder. Rainbow Robotics, known for its bipedal and collaborative robot technologies, has been viewed as a crucial external technology partner for accelerating Samsung's humanoid development. Within the DX division, there is also a visible effort to integrate robotics as a core aspect of AI transformation. Last August, Samsung established the InnoX Lab, a dedicated organization for key strategic projects within the DX division. This execution-focused team is responsible for the expansion of digital twin solutions, logistics operation innovations, manufacturing automation, and the development of core technologies for humanoid robots. Industry experts interpret the establishment of InnoX Lab as a signal that Samsung aims to approach robotics not merely as a standalone product but as part of an AI-based platform business connecting factories, logistics, homes, and retail. As the smartphone, TV, and home appliance markets mature, robotics is emerging as a new growth axis that can integrate hardware, AI, sensors, semiconductors, and appliances. Samsung's initial focus on manufacturing robots is seen as a strategic choice that considers both quality verification and potential for profitability. However, significant challenges remain before commercialization can be achieved. The humanoid market is rapidly advancing, with global companies like Tesla and Figure AI leading the way. To mitigate the burden of being a latecomer, the speed at which Samsung can combine technologies with Rainbow Robotics, internalize its own components, and integrate with the DX division's product ecosystem will be crucial. An industry insider noted, "The alignment of organization, personnel, external investment, and AI transformation systems has become clearer. The strategy of first achieving results with manufacturing robots and then expanding into humanoids and home robots is likely to be a realistic roadmap." 2026-05-08 13:03:39