Han Byeong-do: 'We Will Be Humble in the Face of Public Sentiment Following Local Election Losses' Han Byeong-do, the floor leader of the Democratic Party, expressed condolences on June 4 to candidates who lost in the June 3 local elections, stating, "We will be humble in the face of public sentiment." He also criticized the Election Commission for the ballot shortages that occurred during the voting process. During a policy coordination meeting at the National Assembly, Han remarked, "Candidates Jeong Won-oh (Seoul), Kim Boo-kyum (Daegu), Kim Kyung-soo (Gyeongnam), and Oh Jung-ki (Gyeongbuk) all worked hard," adding, "The Democratic Party will embrace the visions of these candidates to strive for a better South Korea." He emphasized that the high voter turnout reflects the public's desire for a significant leap forward for the country and support for the Lee Jae-myung administration. Han also addressed the ballot shortages that occurred in areas such as Songpa District, stating, "The Election Commission, which should firmly uphold electoral integrity, has neglected its responsibilities." He expressed disbelief over the incidents that transpired, urging the Election Commission to identify the causes and implement measures to prevent recurrence, saying, "What happened yesterday is neither understandable nor acceptable." Meanwhile, the Democratic Party achieved a significant victory in the local elections, winning 12 out of 16 contested areas.* This article has been translated by AI. 2026-06-04 10:30:00

Trump: U.S. Military Deaths Could End Iran Ceasefire President Donald Trump has indicated that while he aims to maintain a ceasefire with Iran, the death of U.S. military personnel would be a red line that could lead to a resumption of full-scale conflict. Despite ongoing clashes in the Strait of Hormuz and along the Lebanon front, Trump appears focused on avoiding escalation in the Middle East while pursuing peace negotiations. On June 3, the Wall Street Journal reported that Trump told his advisors, "If Iran kills American troops, I will consider ending the ceasefire." U.S. officials noted that repeated Iranian attacks have increased pressure on Trump, raising doubts about the long-term viability of the ceasefire. Since the ceasefire was established in early April, clashes between the U.S. and Iran have continued. Iran has recently launched missiles and drones at U.S. military bases in the region and Kuwait International Airport, resulting in casualties, while the U.S. has conducted retaliatory strikes. The Strait of Hormuz remains a focal point of conflict. Iran is restricting free passage through this strategic waterway, while the U.S. has imposed stringent blockade measures on vessels traveling to and from Iranian ports. These actions have caused significant disruptions in international energy markets and shipping logistics. During a House hearing, U.S. Secretary of State Marco Rubio characterized the ongoing clashes not as a return to full-scale war but as a "defensive response." He stated, "What happens is a reaction to Iran's actions. If they don't shoot at our ships, we won't shoot at them, but we must respond." Trump has claimed that a peace agreement, which would include reopening the Strait of Hormuz, dismantling Iran's nuclear program, and eliminating highly enriched uranium, is imminent. However, he has also recently indicated a reluctance to rush the agreement. The Wall Street Journal reported that Trump rejected Iran's latest proposal last week, believing that Iran should make substantial concessions early in the negotiations. Iran views the negotiation sequence differently, insisting that discussions on its nuclear program can only begin after the U.S. releases frozen assets or provides other financial benefits. The U.S. is pressuring Iran to make concessions in nuclear and security matters first. The Lebanon front has also emerged as a variable in the negotiations. Iranian Foreign Minister Abbas Araqchi warned that an Israeli attack on Beirut could lead to a resumption of full-scale conflict. Reports suggest that Trump has urged Israeli Prime Minister Benjamin Netanyahu to halt military operations in Lebanon to facilitate progress in negotiations with Iran. 2026-06-04 10:27:00

Gwangju Biennale Selects Jeong Yu-seung for 2026 Paris Cité Residency The Gwangju Biennale announced on June 4 that Jeong Yu-seung has been selected as the artist for the "2026 Paris Cité Residency." This program, co-organized by the Gwangju Biennale Foundation and the Ghana Cultural Foundation, supports the overseas creative activities of contemporary artists based in Gwangju. The foundation conducted a selection process in May and announced the chosen artist. Jeong Yu-seung, the selected artist for the Paris Cité Residency, focuses on the lives of women who have been marginalized and rendered invisible in society. Her work involves documenting and reconstructing their traces through visual media. Drawing on her experiences as a female artist, she has consistently amplified the voices of those excluded from institutional narratives. Notable works include the video piece "Day and Night of the Gathering Place" (2018), which explores how a sex work district in Gwangju has changed over time, and "Women of Hwanggeum-dong" (2018), commemorating women who called for solidarity during the Gwangju Uprising in 1980. The foundation praised Jeong, stating, "She possesses a clear artistic vision and timeliness, aiming to expand her solid research outcomes rooted in the local context to global themes such as climate crisis and gender labor. Her previous works have transcended mere documentation, transforming the sensory experiences and language of marginalized groups into dense visual language through video and objects, thereby establishing a unique artistic world." They added, "Her research plan to trace the life stories and labor of female farmers in the outskirts of Paris under the theme of climate crisis is both concrete and challenging. Her artistic ambition to publicize Gwangju's voice within an international network through local exchanges was highly regarded in this selection process." The selected artist will reside at the Cité Internationale des Arts in Paris from October 2 to December 28, 2026, for approximately three months to pursue her creative activities. The Cité Internationale des Arts has been a hub for artists since the 1940s, with a total of 325 studios located in the Marais district and Montmartre, hosting over 1,000 artists annually for creative and exchange activities. Yoon Beom-mo, the director of the Gwangju Biennale Foundation, stated, "This project is a meaningful initiative for supporting the creative work of Gwangju artists and fostering international exchange. We hope that the residency in Paris will broaden the creative horizons of the selected artist and serve as a great opportunity to promote Gwangju's contemporary art to the world."* This article has been translated by AI. 2026-06-04 10:27:00

Oh Se-hoon reelected Seoul mayor after dramatic overnight reversal SEOUL, June 4 (AJP) - Incumbent Seoul Mayor Oh Se-hoon of the main opposition People Power Party (PPP) was re-elected on Thursday after a nail-biting overnight count, defeating Democratic Party (DP) candidate Chung Won-o in the closest and most closely watched race of this year's local elections. According to the National Election Commission, with 97.17 percent of ballots counted as of 9 a.m., Oh was leading with 48.87 percent of the vote, edging out Chung's 48.41 percent by just 23,468 votes. Speaking at his campaign office in central Seoul after declaring victory, Oh described the outcome as a "victory for ordinary, hardworking citizens." Chung, a strong contender who had been widely expected to win and was backed by President Lee Jae-myung, conceded defeat. He said, "I humbly accept the choice of Seoul citizens," adding, "I fell short." The mayoral race remained too close to call for much of the night. Chung initially held a substantial lead in the early stages of vote counting, but the margin steadily narrowed after midnight as more ballots were tallied. Oh overtook Chung after more than 93 percent of the votes had been counted and gradually widened his lead overnight, bringing a dramatic late reversal that ended one of the closest mayoral races. Meanwhile, Oh called for a thorough investigation into ballot shortages reported at about a dozen polling stations in southern Seoul, considered to be a conservative stronghold. A rare logistics failure disrupted voting at least 14 polling stations including Gangnam, Gwangjin and Songpa, where ballot papers ran out, delaying the process and angering voters. 2026-06-04 10:20:29

Hyundai Department Store Shares Surge 7% on Improved Earnings Outlook Hyundai Department Store saw its shares rise by over 7% in early trading, reaching a new 52-week high, fueled by expectations of improved performance in its core department store operations and duty-free business. As of 10:05 a.m. on June 4, Hyundai Department Store shares were trading at 130,400 won, up 8,600 won (7.06%) from the previous day. The stock has risen for five consecutive trading days since May 28, peaking at 132,000 won during the session, marking a new annual high. Analysts attribute the surge to growing investor sentiment driven by expectations of profitability improvements in the department store sector, a return to profitability for its duty-free operations, and an increase in foreign consumer spending. Yoo Seong-man, a researcher at Leading Investment Securities, stated, "Hyundai Department Store confirmed a rapid recovery in its core business, achieving double-digit growth in transaction volume and an operating profit of 135.8 billion won in the first quarter of this year." He added, "The drawing power of key stores like The Hyundai Seoul, Apgujeong flagship store, and Pangyo store is improving profitability as they attract foreign tourists. The share of foreign sales rose to over 6% in the first quarter, with growth rates expanding to around 40% in April." The duty-free business is also showing signs of profitability improvement. Hyundai Duty Free recorded an operating profit of 3.4 billion won in the first quarter, successfully returning to the black. This improvement follows the closure of its Dongdaemun location, which reduced low-margin sales and enhanced operational efficiency. Lee Jin-hyup, a researcher at Hanwha Investment & Securities, noted, "The strong performance of the department store sector, which has led the retail industry in the first half of the year, is expected to continue into the second half. Structural growth driven by domestic consumption and inbound demand is ongoing." He further stated, "If the share of foreign sales exceeds double digits in the second half, the contribution to growth from existing stores will increase, and the income growth resulting from improved corporate performance is likely to support strong domestic consumption."* This article has been translated by AI. 2026-06-04 10:18:00

Korea Tourism Organization Launches Marketing Campaign for BTS Busan Concert The Korea Tourism Organization (KTO) is launching a major tourism marketing campaign in conjunction with the BTS concert in Busan scheduled for June 12-13. The initiative aims to extend the reach of foreign tourists beyond Busan to nearby regions. According to the KTO on June 4, the campaign will coincide with the fan event "BTS The City Arirang-Busan," which will take place around the concert dates. "The City" is a fan event that offers various attractions in the host city during the concert period. Throughout June, the KTO will collaborate with Naver and the travel industry to highlight the region's tourism appeal. The "BE LOCAL" campaign will promote ten major tourist spots in Busan to foreign visitors via Naver Maps. Additionally, special travel product exhibitions will be held in partnership with global online platforms such as Klook, KKday, and Nolyuniverse. The KTO also plans to expand existing themed travel packages, which currently focus on Seoul and Pyeongchang, to include Busan in collaboration with Hana Tour ITC. Efforts to enhance accessibility and convenience for international visitors will also be prioritized. A special page will be created on the integrated tourism platform "Visit Korea" to provide comprehensive information on key attractions, safety, and transportation. The KTO will utilize its overseas social media channels to promote essential information such as entry procedures and payment methods, while also offering concierge services to global influencers, including K-culture and food experience vouchers. Furthermore, promotional booths for incoming visitors will be set up at Gimhae International Airport, and a concert-specific manual will be introduced for the 1330 tourism interpretation service to address real-time inconveniences. The KTO will also support a welcoming event for tourists organized by Busan Metropolitan City. From now until June 21, a welcome center at the Eurasia Platform in Busan Station will promote local travel products, and during the concert period, a tourism promotion booth will be set up at the outdoor plaza of the Asiad Main Stadium. Notably, the KTO plans to attract global fans' attention using the "Taegeuk Fan," which gained popularity by appearing in a BTS music video. Additionally, the KTO is committed to preventing unfair practices that could tarnish the tourist experience, such as overcharging. On June 8, the KTO will conduct a joint campaign with Busan Metropolitan City, Busanjin District, the Busan Tourism Association, and the Busan branch of the Korea Hotel Association in the Seomyeon area. The campaign will involve visiting major accommodation and commercial establishments to encourage fair pricing and friendly service. Since January, the KTO has been sharing tourism complaint data with Busan City to monitor the situation. The organization aims to strengthen collaboration with relevant agencies to prevent issues such as unilateral booking cancellations or excessive accommodation price hikes, and will seek cooperation with law enforcement if necessary. A nationwide tourism service monitoring campaign called "Pleasant Interference" will run until the end of October, allowing the public to report unfair practices like overcharging or hygiene issues at major tourist sites through QR codes or the "Korea Everywhere" website. Han Yeok, head of the KTO's International Tourism Content Division, stated, "Large-scale Hallyu events present an optimal opportunity to encourage foreign visitors to explore local areas. We will actively support collaboration with the private sector and local governments to ensure that overseas fans' interest translates into regional tourism."* This article has been translated by AI. 2026-06-04 10:15:00

Jeong Geun-sik Wins Reelection as Seoul Education Chief, Ensuring Stability Jeong Geun-sik, the incumbent education chief from the progressive camp, has successfully won reelection in the Seoul education chief election. Despite a record eight candidates competing, Jeong maintained a lead throughout the vote counting process. His victory is expected to ensure both stability in Seoul's education system and continuity of progressive educational policies. According to the National Election Commission, as of 9 a.m. on June 4, Jeong secured 30.5% of the votes (1,448,975 votes), decisively defeating conservative candidate Jo Jeon-hyuk, who garnered 23.26% (1,105,637 votes), by a margin of 343,338 votes. The third-place candidate, Yoon Ho-sang, received 14.47% (687,598 votes). This marks the fifth consecutive term for a progressive leader in Seoul's education administration since 2014. Immediately after his victory was confirmed, Jeong expressed his gratitude to the citizens of Seoul and the education community in a written statement. He noted, "The choice of the citizens of Seoul reflects a desire for schools where each student is respected and can grow together beyond competition and anxiety." Jeong added, "I will remember the words of parents who expressed their hope that 'our children do not have to struggle too much' and the voices of students. I will embrace not only those who supported me but also the wishes of citizens who made different choices, ensuring that we continue to change while maintaining stability." Education experts have assessed that Jeong's reelection alleviates uncertainties regarding the execution of educational finances and major policy directions in Seoul. Although there were concerns about a potential disruption in educational continuity due to negative campaigning within his camp leading up to the election, the stability of administrative leadership is expected to maintain trust in the public education system. Some analysts predict that the anxiety surrounding public education, which has recurred during election seasons, may also ease, reducing risks to the private education market. As a result, Jeong's key educational policies are anticipated to gain momentum. During the campaign, he promised to fully implement free early childhood education for children aged 3 to 5 and expand the Seoul Learning Diagnosis Growth Center to ensure basic academic skills. Additionally, he plans to enhance protections for educational activities and teachers' rights, as well as support for public transportation costs for students commuting to and from school, combining welfare and public service in his spending commitments. However, addressing the fragmentation of candidates and the extreme ideological conflicts between factions remains a challenge. Jeong acknowledged, "The intentions and efforts of all candidates who competed in the primaries and the general election were also valuable contributions to Seoul education," expressing a desire for inclusivity. An education sector official remarked, "Given the macro challenges such as the declining school-age population and the need for efficient educational infrastructure, it is crucial for the newly elected official to demonstrate administrative capabilities that can alleviate the fatigue in the field and ensure the sustainability of policies, as he has promised to do with 'wiser eyes and warmer hands.'"* This article has been translated by AI. 2026-06-04 10:15:00

TVING Confirms Data Breach Following Hacker Attack TVING, a leading South Korean OTT platform, has confirmed a data breach resulting from a hacking attack and has apologized to its users. In a notice sent to users on June 3, TVING stated, "On June 2, 2026, we detected unauthorized access to our personal information database by an unidentified hacker, along with the possibility of file leaks." According to TVING, the confirmed leaked personal information includes user IDs, names, birth dates, genders, CI (linked information), DI (duplicate membership verification information), partial mobile phone numbers, some email information, refund account numbers, and passwords. However, the last four digits of mobile phone numbers, parts of email addresses, account numbers, and passwords were stored in an encrypted format. TVING plans to provide separate notifications regarding the specific information leaked for each user. Immediately after discovering the breach, TVING took urgent security measures, including blocking the suspected IP address used in the attack and changing cloud access permissions. The company also enhanced monitoring of database access and completed additional measures to prevent further damage. TVING urged users to be cautious of secondary damages such as smishing and phishing. It specifically recommended that users who have the same ID and password across different services change their passwords immediately. The company is operating a dedicated customer service center to assist affected users and plans to gradually disclose compensation plans and additional measures. This incident is expected to have significant repercussions, as it involves a major data leak from one of South Korea's prominent OTT platforms. Industry experts are concerned that the leaked information, including names, birth dates, contact details, and CI/DI information, could be exploited for voice phishing or account theft in future crimes. However, the actual scale of the leak, the identity of the hacker, and the extent of the information compromised have not been officially disclosed as of now.* This article has been translated by AI. 2026-06-04 10:15:00

Eugene Tech Soars Amid Improved Investment Sentiment in Semiconductor Sector Eugene Tech has reached its daily limit increase due to improved investment sentiment and expectations for growth in the semiconductor materials, components, and equipment sector. According to the Korea Exchange, as of 10:12 a.m. on June 4, Eugene Tech's stock price rose by 29.97% (35,900 won) to 155,700 won compared to the previous trading day. Recently, buying activity has been concentrated in large-cap semiconductor stocks, but evaluations indicate that the semiconductor materials and components sector is also maintaining a solid performance. Notably, increased investment in high-bandwidth memory (HBM) driven by the growing demand for artificial intelligence (AI) semiconductors and the transition to advanced processes are raising expectations for improved performance among related equipment manufacturers. Lee Dong-joo, a researcher at SK Securities, stated, "In the past week, domestic ETF supply and demand trends show that while there has been a focus on buying large tech stocks with visible strong profit growth, there has been no change in the semiconductor materials and components sector. The profit estimates for domestic semiconductor materials and components have been revised upward over the past month, so any further adjustments present good buying opportunities." Eugene Tech supplies LPCVD and ALD equipment for semiconductor front-end processes and is considered a beneficiary of the expansion of DRAM fine processes and HBM production by Samsung Electronics and SK Hynix. The market views the growth of the AI semiconductor market and the expansion of memory investments as key factors contributing to the rise in its stock price.* This article has been translated by AI. 2026-06-04 10:15:00

LG Electronics Shares Plunge 15% Amid Profit-Taking After Recent Surge LG Electronics is experiencing a sharp decline in its stock price during early trading. This drop is attributed to profit-taking following a surge of over 80% in the company's stock over the past two weeks. As of 10:05 a.m. on June 4, LG Electronics shares were trading at 334,250 won, down 14.84% from the previous trading day, according to the Korea Exchange. The stock price skyrocketed from 181,000 won on May 20 to 392,500 won on June 2, marking an increase of approximately 117%. During this period, the stock hit its daily upper limit three times on May 21, May 29, and June 1. Market analysts suggest that the recent surge in stock prices has led to increased profit-taking, resulting in a concentration of short-term selling. Given that the stock price has more than doubled in a short time, more investors are likely to cash in on their profits. Meanwhile, international credit rating agency S&P upgraded LG Electronics' credit rating from BBB to BBB+ on June 2. S&P cited the company's solid growth in its core business, reduction in debt, and improvement in financial structure as reasons for the upgrade. The agency also anticipates that LG Electronics will maintain stable performance over the next two years through enhanced competitiveness in premium appliances and expansion into subscription and B2B markets.* This article has been translated by AI. 2026-06-04 10:12:00