Labor Minister Kim Young-hoon: Close Support for Labor-Management Negotiations in Second Half of Year The Ministry of Employment and Labor is activating its support system for labor-management negotiations ahead of the wage and collective bargaining season in the second half of the year. In light of the recent explosion at Hanwha Aerospace, the ministry also plans to strengthen joint inspections of industrial safety and labor standards in the defense and semiconductor sectors.On June 4, the ministry held a national agency heads meeting at the Government Sejong Complex, chaired by Minister Kim Young-hoon, to review responses to labor relations, prevent industrial accidents, and assess the impact of the prolonged conflict in the Middle East on the job market.While Samsung Electronics recently reached a wage agreement without a strike, labor disputes over performance bonuses continue among some large companies. In response, the ministry has decided to establish 'Labor-Management Negotiation Support Teams' in eight regional offices across the country. These teams will collaborate with local labor committees to facilitate dialogue and compromise between labor and management and to prevent disputes.During the meeting, Minister Kim stated, "Claims that the revised labor union law triggered recent disputes over performance bonuses are unfounded. We must consider the law's intent to institutionalize dialogue between primary and subcontractors to achieve mutual growth."He emphasized the need to build a close support system to help major workplaces reach agreements through dialogue and compromise, stating that issues related to performance distribution should lead to the growth of companies and the development of both primary and subcontractors, benefiting all stakeholders through social dialogue.The meeting also addressed measures to prevent a recurrence of the recent explosion at Hanwha Aerospace. The ministry plans to conduct urgent joint inspections focusing on industries where production has surged, such as semiconductors and defense, and will implement preventive oversight at sites with a history of similar accidents.Minister Kim remarked, "We need to examine whether defense companies have neglected external oversight and checks due to their status as national security facilities. We must adhere to the principle that there can be no compromise when it comes to safety, and I urge you to focus all efforts on guiding and inspecting industrial safety and labor standards in the defense and semiconductor sectors."The ministry also discussed strategies for responding to extreme heat during the summer months. Before the peak heat season begins, the ministry plans to conduct thorough checks on the implementation of the 'Five Basic Rules for Heat Safety' and guidelines to prevent suffocation accidents in confined spaces. Special attention will be given to construction sites and industries vulnerable to heat, such as logistics and delivery.Additionally, the ministry is preparing for potential sector-specific shocks due to the ongoing conflict in the Middle East. It will enhance guidance on the eligibility requirements for employment retention support funds in sectors such as aviation and plastics, and will assess the employment situation in regions designated for proactive responses to employment crises to provide tailored support.Minister Kim concluded, "We must closely monitor the impact of instability in the Middle East on the labor market and ensure that timely support is provided to local governments to prevent the employment situation in proactive response regions from deteriorating."* This article has been translated by AI. 2026-06-04 15:03:00

Lee's 'AI Highway' Gains Momentum with West Coast Belt The Lee Jae-myung administration's vision for an 'AI Highway' is expected to gain traction with the establishment of a West Coast belt following the June 3 local elections. On June 4, industry and political sources reported that candidates from the Democratic Party, who made AI industry development a key campaign promise, were elected in regions dense with AI infrastructure, including South Chungcheong, Daejeon, North Jeolla, and South Jeolla. With the Democratic Party dominating the areas surrounding Seoul, analysts believe the groundwork for a nationwide AI expansion route, referred to as the 'AI Highway,' has been laid. The Ministry of Science and ICT previously announced that it would exempt preliminary feasibility studies for AI innovation hub projects in four regions: Gwangju, Daegu, North Jeolla, and South Gyeongsang. The initiative aims to support the development of region-specific AI transformation (AX) models. Key projects include the Gwangju AX demonstration valley, Daegu's regional AX innovation technology development, North Jeolla's collaborative intelligence physical AI-based software platform ecosystem, and South Gyeongsang's human-AI collaborative LAM development and global demonstration project. Among these, the North Jeolla and Gwangju (South Jeolla) hubs have gained new momentum with the election of mayors aligned with the government. Min Hyung-bae, elected as the first mayor of the Gwangju-Jeonnam integrated special city, pledged to create a new growth axis for South Korea by combining the energy industry of Jeonnam with Gwangju's strengths in AI, semiconductors, and mobility. In North Jeolla, Lee Won-taek was elected with a focus on linking the region to the government's AI innovation hubs. The strategic position of South Chungcheong in the West Coast belt is noteworthy. Park Soo-hyun, elected governor of South Chungcheong, emphasized his commitment to aligning with government AI policies, making 'AI Capital Chungcheong' a central campaign promise. With semiconductor clusters and large-scale data center infrastructure, South Chungcheong is expected to play a pivotal role as a practical hub for the AI Highway. In the metropolitan area, the foundation for AI policy alignment has also been established. Choo Mi-ae, elected governor of Gyeonggi Province, expressed her determination to foster the AI industry ecosystem in the region. Incheon Mayor-elect Park Chan-dae also campaigned on expanding AI infrastructure in the metropolitan area, indicating a collaborative framework with government AI policies outside of Seoul. As a result, the Lee Jae-myung administration's AI Highway is likely to accelerate along the West Coast belt connecting Gyeonggi, Incheon, South Chungcheong, Daejeon, North Jeolla, and Gwangju. With the election of opposition party leaders in Daegu and South Gyeongsang, the prioritization of policy alignment has emerged as a new variable among the four AI innovation hubs. In Daegu, Choo Kyung-ho has proposed fostering five future industries: AI, robotics, future mobility, bio, and semiconductors, making economic recovery a top priority. In South Gyeongsang, Governor Park Wan-soo emphasized economic growth and the revitalization of regional key industries. Both leaders have made economic recovery their foremost agenda, prompting discussions on how to align with the current government's policies. In Seoul, Mayor Oh Se-hoon has successfully secured re-election and is expected to continue his independent AI city strategy. Choi Byung-ho, a professor at Korea University’s Human-Inspired AI Research Institute, stated, "Considering energy, manufacturing, and infrastructure, the development of local AI industries will inevitably concentrate along the coastline. With all elected officials prioritizing economic recovery after this local election, it is crucial to determine the direction of that focus. If the emphasis is placed on employment, exports, and value creation through AI, local AI industries will gain strength."* This article has been translated by AI. 2026-06-04 15:00:00

Naver to Meet Nvidia's Jensen Huang as Physical AI Gains Traction Jensen Huang, CEO of Nvidia, is scheduled to visit Naver's headquarters on June 8 to meet with Naver Chairman Lee Hae-jin, raising interest in the potential expansion of AI collaboration between the two companies. Industry observers are noting Naver's potential emergence as a key player in the Physical AI era, beyond just Sovereign AI. According to industry sources, Naver has proactively secured data and ecosystems, which are critical components of Physical AI. Naver's D2SF currently allocates over 10% of its portfolio to companies related to Physical AI, investing across the entire value chain from perception to action, including vision sensors, behavioral data, industrial AI, and robot control. Physical AI refers to technologies that enable robots, drones, and autonomous vehicles to perceive their surroundings, make judgments, and take actions. While generative AI learns from text and image data on the internet, Physical AI requires learning from real-world data, such as human movements, actions, and spatial information. Naver's strength lies in its data. As the operator of search, shopping, maps, and blogs, it has amassed the largest user data in South Korea. Insights into user interests, consumption patterns, mobility information, and content usage behaviors are seen as valuable assets for future AI applications that aim to understand and predict human behavior. Naver D2SF's investment portfolio aligns with this strategy. 'Summer Robotics' is developing next-generation vision sensors that serve as the eyes of robots, a key technology needed for Physical AI to quickly recognize its environment. 'Movin' has developed the world's first LiDAR-based markerless 3D motion capture technology, which excels in acquiring human motion data necessary for Physical AI learning. 'Machina Labs' is creating an enterprise AI operating system that supports decision-making in industries such as automotive, semiconductors, and defense. 'Clobot' provides software for integrated control and operation of different types of robots. Industry experts evaluate that Naver is securing a technological ecosystem across all areas of Physical AI, including perception, cognition, action, and control. Recently, Naver also invested in 'UbiFly,' a drone company developing AI-based autonomous flight technology. UbiFly raised 60 billion won earlier this year from investors including Kreet Ventures and NXC, marking the largest single investment in a domestic drone startup. Drones are considered a representative application of Physical AI, linking to Naver's expansion strategy in defense and logistics. Naver is also recognized as a key player in the Sovereign AI sector. It is a leading full-stack AI provider in South Korea, possessing its own large language model (LLM), cloud services, and data centers. Recently, it has been pursuing the establishment of LLMs based on local languages and Sovereign AI projects in overseas markets, including Saudi Arabia. An industry insider stated, "In the era of generative AI, internet data was crucial, but in the Physical AI era, human behavioral data will become the key asset. Naver is positioned to be a central player in domestic Physical AI, as it secures not only AI models and infrastructure but also data and a startup ecosystem."* This article has been translated by AI. 2026-06-04 15:00:00

NVIDIA CEO Jensen Huang to Dine at Popular Korean BBQ Ahead of Visit NVIDIA CEO Jensen Huang is set to visit South Korea on June 5, sparking significant interest in the location of his anticipated "pork belly and soju" gathering. On June 4, the online media outlet "Namda-reun Detail" reported that the venue for the dinner has been confirmed as the Seongsu-dong restaurant "Seokam Saengsogeumgui." According to sources in the industry, "NVIDIA has made a reservation at Seokam Saengsogeumgui in Seongsu-dong. Other popular options like 'Ggubdang' and 'Nam Young' were likely unavailable due to high demand from regular customers for reservations, making them unsuitable for a large event." Prior to this confirmation, various social media platforms had circulated a list of potential restaurants where Huang might host the gathering with business leaders. The list included strong contenders such as the stone grill restaurant "Seokam Saengsogeumgui," the well-equipped "Gojibok" known for its aged pork, the Michelin Bib Gourmand recipient "Ggubdang," and the charcoal-grilled pork neck specialty restaurant "Nam Young." In response to the news, one netizen speculated, "The app allows reservations, but if you factor in that Friday evenings are fully booked, the only options left are Ggubdang, Nam Young, and Seokam. I think it will be a place where the staff grills the meat, so Seokam is out. It's between Ggubdang and Nam Young, but Ggubdang is famous for its pork neck... I’d say there’s a 60% chance for Nam Young and 40% for Ggubdang." After the confirmation of Huang's visit to "Seokam Saengsogeumgui," netizens commented, "I don't know if it's a good restaurant, but it will definitely become one," "The owner seems to have hit the lottery," "The wait at the Yongsan location is incredibly long," "Who will grill the meat? Maybe the youngest staff member?" and "Are there related stocks? Salt-grilled meat -> salt -> Sinan -> Sinan Group -> Husteel, I'm going all in on Husteel." 2026-06-04 15:00:00

Korean Trade Minister Confirms No Increase in U.S. Tariffs Beyond Last Year's Agreement Korean Trade Minister Kim Jeong-kwan stated on June 4 that tariffs imposed on South Korea under the U.S. Trade Law Section 301 will not exceed the levels agreed upon last year. In a post on social media, Kim revealed that he held a video conference with U.S. Secretary of Commerce Gina Raimondo the previous evening. He noted that the meeting focused on reviewing the implementation of the Korea-U.S. tariff agreement and reaffirming both sides' commitment to compliance. Kim emphasized, "We will do our utmost to maintain the balance of benefits achieved through the Korea-U.S. tariff agreement in the future." Last year, South Korea and the U.S. negotiated to lower mutual tariffs to 15% and secured most-favored-nation treatment for semiconductors. Additionally, South Korea committed to a $350 billion investment in the U.S. However, the U.S. government has temporarily applied a 10% global tariff on South Korea following a Supreme Court ruling earlier this year that deemed mutual tariffs illegal. The U.S. Trade Representative (USTR) is conducting a Section 301 investigation to address this situation. Following an announcement of a 12.5% tariff related to forced labor, an investigation into overproduction remains ongoing. Concerns have arisen that the tariff rates could exceed last year's agreement of 15%. Kim's video conference with Raimondo appears to have been aimed at clarifying the U.S. stance on this issue. Earlier, Yeohang-gu, head of the Trade Negotiation Bureau, met with USTR representative Jamieson Greer to stress the importance of maintaining the balance of benefits under the existing Korea-U.S. tariff agreement. According to the Ministry of Trade, Yeohang-gu discussed current issues with Greer during the OECD Ministerial Council Meeting held in Paris on June 3. During this meeting, Yeohang-gu gained insights into the background of the Section 301 investigation results related to the import ban on products made with forced labor and the ongoing investigation into overproduction. He underscored the necessity of maintaining the balance of benefits established by the Korea-U.S. tariff agreement. The U.S. side reportedly reaffirmed its intention to comply with the Korea-U.S. tariff agreement. Both parties also reviewed the status of the commitments made in the joint statement issued by the leaders of both countries last November and agreed to maintain close communication to ensure the smooth implementation of related follow-up measures. Yeohang-gu stated, "It is essential that not only the results of the Section 301 investigation but also future trade issues are discussed within the framework of the Korea-U.S. tariff agreement," adding that they will respond calmly to the remaining Section 301 procedures.* This article has been translated by AI. 2026-06-04 14:51:00

Progressive Candidates Lead in Nationwide Education Superintendent Elections In the nationwide elections for education superintendents held alongside the 9th local elections, progressive candidates made significant gains in the Seoul, Gyeonggi, and Incheon education offices, leading the overall results. Meanwhile, conservative candidates solidified their support in the Yeongnam and Chungcheong regions. The election outcomes are expected to further diversify educational policies across regions, balancing the expansion of educational welfare in the metropolitan area with market-driven academic improvement strategies in certain locales. According to the National Election Commission on June 4, progressive candidates won in the key metropolitan districts. In Seoul, incumbent Jeong Geun-sik secured re-election with 30.34% of the vote, reinforcing a five-term streak for progressive superintendents. In Gyeonggi Province, Ahn Min-seok achieved a decisive victory with 52.81%, significantly outpacing incumbent Lim Tae-hee. In Incheon, Do Seong-hoon also emerged victorious with 36.35% of the votes. Progressives continued to show strength in the Honam and parts of the Yeongnam regions, with candidates such as Kim Dae-jung in Jeollanam-do (42.52%), Kim Seok-jun in Busan (50.63%), Cheon Ho-seong in Jeollabuk-do (56.63%), Jo Yong-sik in Ulsan (39.22%), Kang Sam-young in Gangwon (41.54%), Lee Byeong-do in Chungcheongnam-do (30.59%), and Go Ui-sook in Jeju (48.08%) all winning their respective races. Conversely, conservatives fortified their positions in traditional strongholds and key battlegrounds in the Chungcheong region. In Daegu, Kang Eun-hee was re-elected with 52.40% of the vote. In Gyeongsangbuk-do and Gyeongsangnam-do, Lim Jong-sik and Kwon Soon-ki won with 43.49% and 38.53%, respectively. In the Chungcheong region, Oh Seok-jin in Daejeon secured 27.48%, while Yoon Geon-young in Chungcheongbuk-do (48.21%) and Kang Mi-ae in Sejong (36.25%) also represented conservative and moderate-conservative views. Education experts analyzed that the election results were significantly influenced by the political landscape and the incumbency advantage. Lee Deok-nan, head of the Education and Culture Team at the National Assembly's Legislative Research Service, noted, "A key feature of this election was the strong correlation between the gubernatorial elections and the education superintendent races. The incumbency premium for current superintendents was clearly evident." Lee added, "In regions like Gyeonggi and Gangwon, where voters disillusioned with the conservative party shifted their support to progressives, the landscape for education superintendents changed significantly." Notably, despite initial media predictions of a landslide victory for progressives, the final results reflected a closer outcome, resembling the previous 11 to 6 structure from the era of 17 education offices, concluding at 10 to 6. Lee remarked, "Contrary to expectations, progressive candidates did not make significant gains in the Yeongnam and Chungcheong regions, and the dynamics in Chungcheong have shifted dramatically. Progressive candidates failed to present compelling educational pledges or visions that resonated with residents, leading to a lack of differentiation among candidates, which was reflected in the voting results."* This article has been translated by AI. 2026-06-04 14:45:00

Shinsegae Shares Surge 18% Amid Optimism for Department Store Recovery Shinsegae's shares have surged by 18% during trading, driven by expectations of consumer recovery linked to rising asset prices. The recent upward trend in the stock market has improved investor sentiment across the department store sector. As of 2:37 PM on June 4, Shinsegae's stock was trading at 675,000 won, up 18.63% (106,000 won) from the previous trading day, according to the Korea Exchange. Other department store stocks are also experiencing gains. Hyundai Department Store rose 15.02% to 140,100 won, while Lotte Shopping increased by 11.29% to 171,500 won. Analysts attribute the recent stock market rally to a wealth effect that is positively impacting the performance of department stores. There is growing optimism regarding increased sales, particularly in the luxury goods sector. Kim Myung-joo, a researcher at Korea Investment & Securities, stated, "The explosive rise in the stock market has led to favorable results for department store companies. The sales trends for the three major department stores in April and May are better than those in the first quarter." He added, "Luxury sales are particularly strong, driven by the wealth effect from rising asset prices, including stocks, and the fear of missing out (FOMO) due to price increases in luxury jewelry. The continued strength of the yuan against the won is also expected to positively impact foreign sales."* This article has been translated by AI. 2026-06-04 14:45:00

WNMC 26: Journalism's AI debate has moved on MARSEILLE, June 4 (AJP) — One theme emerged repeatedly during the 77th World News Media Congress in Marseille: the global news industry has largely moved beyond debating whether artificial intelligence should be used in journalism. The discussion has shifted to a more fundamental question. What role will journalism play when AI increasingly mediates how information is discovered, consumed and distributed? That shift was visible across presentations from publishers, news agencies and technology executives throughout the three-day congress. Two years ago, much of the industry's attention focused on newsroom automation, content generation and workflow efficiencies. Those topics remain important. But in Marseille, the most consequential discussions centered on user experience, personalization, knowledge architecture, audience loyalty and the relationship between journalism and AI agents. The focus was no longer on how AI could help create content. It was on how audiences would experience journalism in an AI environment. The Hindu Group in India provided one example of this transition. The company has been experimenting with presenting the same journalism in multiple formats, including AI-generated summaries, question-and-answer formats, audio explainers and alternative article lengths. The objective is not simply greater efficiency but greater accessibility and discoverability. Sweden's Bonnier News is pursuing a similar goal through conversational archives. Rather than relying on traditional search, readers can query decades of reporting through natural-language interfaces. The shift is from retrieval to conversation. At Scroll.in, the focus is on contextual understanding. The publisher is developing AI-powered workspaces that combine timelines, event clusters, knowledge graphs and dynamic FAQs, particularly for researchers and specialist audiences seeking comprehensive understanding of complex topics. Different organizations are pursuing different approaches, but they share a common assumption: the article is no longer the only product. User experience is becoming a strategic differentiator. The most forward-looking example presented in Marseille may have come from Germany's dpa. Astrid Maier, chief deputy editor and head of strategy, introduced dpa IQ, a system designed to make journalistic information directly accessible to AI agents and workflows. "The news artifact is not the end. It's only the beginning," she said. The premise behind dpa IQ is that journalism can be structured as machine-readable knowledge rather than distributed solely as articles. AI systems can retrieve facts, timelines, contextual information and archived reporting through APIs and agent frameworks. The significance of the project extends beyond technology. It represents a different understanding of what a news agency might become in an AI ecosystem: not merely a distributor of articles, but a provider of trusted information infrastructure. Austria's Kleine Zeitung offered another perspective on the changing media environment. Sebastian Krause, the publisher's head of digital, argued that publishers must begin thinking about AI systems as a new category of audience. For years, publishers optimized content for search engines. Increasingly, however, AI assistants are reading, summarizing and retrieving information on behalf of users. This shift has prompted discussions about Answer Engine Optimization (AEO) and Generative Engine Optimization (GEO), reflecting the growing importance of visibility within AI-generated responses. The implication is significant. As AI systems become intermediaries between publishers and audiences, the strategic challenge is no longer simply generating traffic. It is maintaining visibility, attribution and commercial value in environments where users may never visit the original source. Yet for all the discussion surrounding AI, one of the strongest messages of the congress concerned journalism itself. The most widely discussed speech of the week came from New York Times publisher A.G. Sulzberger. Sulzberger argued that while AI companies can organize, summarize and distribute information, they remain dependent on journalism's most fundamental contribution: original reporting. Facts do not appear spontaneously in AI systems. They originate from reporting in the field, interviews, documents, investigations and verification. As AI-generated content becomes increasingly abundant, speakers throughout the congress repeatedly returned to the same conclusion: trust, verification and firsthand reporting become more valuable, not less. This may prove to be one of the central paradoxes of the AI era. The more powerful AI becomes, the more important journalism's uniquely human functions appear. For South Korea, where AI adoption is among the fastest in the world, the discussions in Marseille offered an important reminder. Automation, translation and workflow efficiencies are necessary developments. But they are not, by themselves, a strategy. The organizations shaping the industry's future are increasingly focused on audience relationships, user experience, information architecture and trust. The debate is moving beyond how AI can improve newsroom operations. It is moving toward how journalism itself must evolve. As WAN-IFRA AI lead Ezra Eeman observed during the congress, "There is no map." That remains true. But the direction of travel is becoming clearer. The conversation is moving from content to experience, from search to interaction, from distribution to loyalty, and from information abundance to trusted verification. In that sense, the most important discussions in Marseille were not ultimately about artificial intelligence. They were about the future value of journalism. 2026-06-04 14:39:04

Samsung C&T Hits Record High of 565,000 Won Amid Rising Investor Sentiment Samsung C&T reached an intraday high of 565,000 won, setting a new record. This surge is attributed to rising equity values of major affiliates and expectations for increased shareholder returns. According to the Korea Exchange, as of 2:25 PM on June 4, Samsung C&T was trading at 537,000 won, up 10.61% (51,500 won) from the previous trading day. The stock peaked at 565,000 won during the session. The recent upward trend has been steep. Samsung C&T rose 8.26% on May 29, followed by increases of 5.20% on June 1, 6.70% on June 2, and 10.61% on June 4, totaling over a 34% increase in the last five trading days. Based on intraday highs, the stock has surged more than 40% during this period. Samsung C&T is recognized as a significantly undervalued holding company, owning stakes in key affiliates such as Samsung Electronics, Samsung Biologics, and Samsung Life Insurance. Analysts have been raising their target prices for the stock. SK Securities increased its target price from 480,000 won to 590,000 won while maintaining a 'buy' rating. Choi Kwan-soon, an analyst at SK Securities, noted, "The net asset value (NAV) of Samsung C&T has increased by 75.4 trillion won compared to the end of last year. The stock prices of Samsung Electronics and Samsung Life Insurance have risen by 196.9% and 204.6%, respectively, and the net debt on a standalone basis decreased by 972.7 billion won in the first quarter of this year." Currently, Samsung C&T's equity value is estimated at approximately 165 trillion won, with Samsung Electronics accounting for 64.5% of this value, followed by Samsung Biologics at 16.5% and Samsung Life Insurance at 11.3%. Choi added, "Considering the growth in the high-tech sector and the long-term potential of energy projects and small modular reactors (SMRs), there is a high possibility of improving cash flow. Attention should be paid not only to the increase in equity value but also to the improvement in the company's operational performance." Expectations for increased shareholder returns are also supporting the stock price. SK Securities forecasts that Samsung C&T's dividend per share (DPS) will rise by 25% year-on-year to around 3,500 won this year. Earlier, Samsung C&T announced a shareholder return policy in February, raising the minimum dividend per share to 2,500 won for the next two years and committing to redistribute 60-70% of the dividend income received from its affiliates. The dividend income primarily comes from Samsung Electronics, Samsung Life Insurance, Samsung SDS, and Samsung E&A, with an estimated 90% originating from Samsung Electronics and Samsung Life Insurance.* This article has been translated by AI. 2026-06-04 14:39:00

Dongyang Express and Chunil Express Surge Amid Expectations for Seoul Bus Terminal Redevelopment Dongyang Express and Chunil Express are experiencing significant gains as expectations rise for the redevelopment of the Seoul Bus Terminal. According to the Korea Exchange, as of 2:16 PM on June 4, Dongyang Express shares rose by 4,700 won (12.08%) to 43,600 won. Chunil Express saw an increase of 12,500 won (5.75%), trading at 230,000 won. Both stocks reached their daily ceiling prices early in the trading session, with Dongyang Express hitting the limit at 9:04 AM and Chunil Express at 9:06 AM, although they later retraced some of their gains. Market analysts attribute the surge to heightened expectations surrounding the redevelopment project, coinciding with the ongoing vote counting for the Seoul mayoral election. Chunil Express holds a 16.67% stake in the Seoul Bus Terminal, making it the second-largest shareholder, while Dongyang Express owns 0.17%. This has led to optimism that both companies could benefit significantly if the redevelopment project moves forward. Previously, on June 2, both stocks also reached their ceiling prices amid similar redevelopment expectations ahead of the local elections. Shinsegae, which owns a department store at the bus terminal, has also rebounded from a recent decline, showing three consecutive days of gains. Shinsegae shares increased by 90,000 won (15.82%) to 659,000 won compared to the previous session.* This article has been translated by AI. 2026-06-04 14:39:00