T'way Air Transitions to Trinity Air, Secures License from Ministry of Land South Korea's low-cost carrier T'way Air is accelerating its transition to Trinity Air, aiming to establish a comprehensive travel platform that encompasses flights, accommodations, and more.On May 18, T'way Air announced that it received a license from the Ministry of Land, Infrastructure and Transport to change its name to Trinity Air. The new name, derived from the Latin word "Trinitas," symbolizes the concept of three entities coming together to achieve completeness, reflecting the airline's goal of enhancing customer experience by integrating air travel with lodging and tourism.The issuance of this license follows a resolution passed during the regular shareholders' meeting on March 31, which approved the name change and initiated the necessary aviation licensing procedures.However, due to the nature of international air transport, the actual commencement of operations under the new name will occur gradually, pending the completion of approvals from foreign aviation authorities.The Ministry of Land has stipulated conditions for the approval process, including measures to prevent consumer confusion, maintain safety protocols, and ensure the completion of approvals from international aviation authorities. T'way Air plans to implement these procedures step by step to ensure a smooth transition.Until all approval processes are finalized, the airline will continue to operate under the T'way Air name. The airline code (TW) and flight numbers will remain unchanged, and existing customers will be able to use services without any additional changes.A T'way Air official stated, "This license approval is a significant first step toward the transition to Trinity Air."* This article has been translated by AI. 2026-05-18 12:28:09

Hyundai Marine & Fire Insurance Shares Surge 12% After Strong Q1 Earnings Hyundai Marine & Fire Insurance is experiencing a strong early trading session after reporting first-quarter results that exceeded market expectations. As of 9:58 a.m. on May 18, the company’s shares rose by 4,050 won (12.14%) to 37,400 won on the KOSPI market, according to the Korea Exchange. The stock opened at 33,450 won and reached a high of 37,650 won during the trading session, reflecting a robust upward trend. Market analysts attribute the surge in investor sentiment to the company’s strong first-quarter performance, which saw a net profit of 223.3 billion won, a 9.9% increase compared to the same period last year, surpassing market consensus. Following the earnings announcement, several securities firms raised their target prices for Hyundai Marine & Fire Insurance. Daol Investment & Securities reported that it has adjusted its target price from 43,000 won to 45,000 won, citing an upward revision of its forecasts for insurance profit. Mirae Asset Securities also raised its target price from 27,000 won to 32,000 won, noting improvements in other comprehensive income due to rising market interest rates, which are expected to continue. Shinhan Investment Corp. stated that the company achieved an earnings surprise due to one-time factors and anticipates benefits from the introduction of management benefits in the second half of the year, raising its target price from 42,000 won to 45,000 won. However, Shinhan Investment Corp. cautioned that while current valuation pressures are limited, there is a potential for dividend restrictions due to the reserve requirements for surrender benefits.* This article has been translated by AI. 2026-05-18 12:26:51

Jusung Engineering Shares Surge 22% on ALG Semiconductor Equipment Shipment News Jusung Engineering's stock surged by over 22% in early trading, driven by news of its shipment of atomic layer growth (ALG) semiconductor equipment, which has boosted investor sentiment. According to the Korea Exchange, as of 9:52 a.m. on May 18, shares of Jusung Engineering were trading at 171,300 won, up 31,100 won (22.18%) from the previous trading day. The company announced that it held a shipment ceremony for its ALG transistor full integration semiconductor manufacturing equipment on May 16, with the customer identified as a global semiconductor manufacturer. ALG is a technology for growing thin films at the atomic level. Unlike traditional atomic layer deposition (ALD) techniques, which spray materials to form semiconductor circuits, ALG grows crystals, reducing costs associated with deposition and etching processes while enabling the creation of ultra-fine circuits without photolithography. However, Jusung Engineering's financial performance has been lackluster. In the first quarter of this year, the company reported consolidated revenues of 54.9 billion won and an operating loss of 7 billion won. This represents a 54.6% decline in revenue compared to the same period last year, with a shift from a profit of 33.9 billion won in the first quarter of the previous year to a loss. Jusung Engineering stated, "We plan to apply ALG technology not only in semiconductors but also in display and solar equipment, and we are currently collaborating with global companies in North America, Asia, Europe, and the Middle East."* This article has been translated by AI. 2026-05-18 12:25:28

Samsung Electronics Union Leader's Extreme Remarks Raise Concerns A Samsung Electronics union leader has sparked controversy with extreme remarks made just before the final negotiation table, stating, "It would be better to eliminate the company altogether. We are prepared for a split." Concerns have arisen among union members who are set to join the strike, expressing that the comments have crossed a line. According to industry sources on May 18, Lee Song-yi, vice-chair of the Samsung Electronics branch of the Samsung Group's mega union, made the remarks around 8 p.m. the previous day in a Telegram communication channel for union members. He stated, "If we are going to split, then let’s do it. It’s better to just eliminate Samsung Electronics altogether," adding, "We take responsibility for bringing it this far." He further emphasized, "I convey this with the readiness for a split," and warned, "If we are defeated this time, Samsung Electronics will no longer exist." In conversations with union members, he expressed heightened emotions, saying, "If I go to jail, I’ll read some books and exercise while I’m there." The transcripts of these conversations have spread to external communities, escalating the controversy. Notably, as the vice-chair of the DX (Device Experience) division, he has actively voiced dissatisfaction over the perceived neglect of this sector during the ongoing labor-management negotiations. He reportedly made unrefined comments such as, "This is like family talk," and "I’m not doing this for the money." The timing of these remarks, just before the final negotiations with management, has intensified the fallout. The comments from a key union leader have circulated widely, increasing tension surrounding the negotiations. Following the disclosure of Lee's statements, internal union members criticized the leadership's reckless behavior, asking, "Has he been drinking?" and urging, "Someone needs to calm the vice-chair down," while also cautioning against making statements that could be used against them in negotiations. Labor and management are set to engage in what is essentially the final negotiation regarding performance bonuses, payment criteria, institutionalization, and the elimination of caps ahead of a general strike scheduled for May 21. Management has reportedly proposed maintaining the cap on the excess profit incentive (OPI) at 50% of annual salary while allowing a choice between 20% economic value added (EVA) or 10% operating profit. Additionally, if the operating profit in the semiconductor (DS) division exceeds 200 trillion won, they suggested allocating 9-10% of the operating profit separately from the OPI, distributing it 60% across all divisions and 40% by business unit. In contrast, the union continues to demand a blanket performance bonus of 15% of operating profit, as previously stated, and insists on a distribution of 70% for the entire DS division and 30% by business unit. Choi Seung-ho, chair of the mega union, revealed that he held a preliminary meeting with management for post-adjustment discussions the previous afternoon, stating, "It seems the company’s attitude has changed following the government’s mention of urgent mediation." He added, "They are pressuring us that the damage will be significant, but we will not yield," asserting that if the same stance is maintained during post-adjustment discussions, they will not reach an agreement.* This article has been translated by AI. 2026-05-18 12:24:07

President Lee Criticizes Samsung Union Strike, Emphasizes Respect for Corporate Rights President Lee Jae-myung emphasized on May 18 that both labor rights and corporate management rights must be respected in the ongoing negotiations between Samsung Electronics and its labor union.In a post on X (formerly Twitter), President Lee stated, "In South Korea, which adopts a free democratic order and a capitalist market economy, labor must be respected just as much as corporations."He added, "Workers should receive fair compensation for their labor, and shareholders who bear risks and losses should have a share in corporate profits," noting that the original constitutional provision for workers' equitable share of corporate profits was once included in the 1948 Constitution.The equitable share of corporate profits refers to the right of workers to receive a portion of a company's profits. This right was enshrined in the 1948 Constitution to protect workers' fundamental rights but was removed during the 1962 constitutional revision due to practical difficulties in its application.President Lee further criticized, "While the current constitution guarantees the basic rights of all citizens, these rights can be limited for public welfare as long as the essence is not violated. Just as there are peaks in mountains, there are also deep valleys. Excessive actions can lead to adverse outcomes."He concluded, "It is not about having more and being happier because one is strong; rather, a new future for South Korea lies in solidarity, responsibility, and a world where everyone thrives together."* This article has been translated by AI. 2026-05-18 12:21:23

Canon Korea Wins Excellence Award at Korean Labor-Management Cooperation Awards Canon Korea announced on May 18 that it received an Excellence Award at the 38th Korean Labor-Management Cooperation Awards, organized by the Korea Employers Federation. The award ceremony, held on May 14 at the Four Seasons Hotel in Jongno, Seoul, was attended by key figures including Kim Jeong-hyun, head of Canon Korea's Management Support Division; Woo Do-hyun, chairman of the Canon Korea Labor Union; Minister of Employment and Labor Kim Young-hoon; Chairman of the Korea Employers Federation Son Kyung-sik; and Chairman of the Korean Confederation of Trade Unions Kim Dong-myeong. The Korean Labor-Management Cooperation Awards recognize companies that enhance their competitiveness and contribute to national economic growth through collaborative labor-management relationships. The evaluation criteria include labor-management cooperation, employee welfare, productivity improvement, human resource development, industrial accident prevention, social contributions, and the efforts of top executives. Canon Korea was recognized for maintaining a mature labor-management relationship without strikes or disputes since the establishment of its labor union. The company's initiatives, such as the 'Together TFT' to address employee concerns and the 'Junior Board' for horizontal communication among younger employees, were also highlighted as key factors for the award. In a time when labor disputes have become a significant issue in the industry, Canon Korea's record of operating without conflict is seen as a testament to the importance of collaborative labor-management relations. Canon Korea previously received certifications as an 'Excellent Workplace Innovation Company' in 2024 and as a 'Company with Excellent Labor Culture' in 2025. The company has also been recognized as a family-friendly business, reflecting its commitment to fostering a positive organizational culture. Park Jeong-woo, CEO of Canon Korea, stated, "This award is the result of our efforts to respect each other as partners in management and to grow together. Based on our management philosophy of coexistence, we will create a healthy workplace where everyone can work happily."* This article has been translated by AI. 2026-05-18 12:20:09

Naver Cloud Showcases 'Naver Care Call' at Japan's Public Sector Week 2026 Naver Cloud announced its participation in the 'Local Government & Public Sector Week Japan 2026' held in Tokyo, where it showcased its artificial intelligence (AI) welfare phone service, 'Naver Care Call.' The company aims to strengthen its presence in the Japanese public market through this initiative. The Local Government & Public Sector Week is Japan's largest exhibition in the smart city and public digital transformation (DX) sectors, sponsored by the Ministry of Internal Affairs and Communications. Last year, approximately 21,000 officials from 554 local governments attended the event. This year's exhibition took place from May 13 to 15. At the exhibition, Naver Cloud operated a booth where visitors could experience the Care Call service firsthand. Attendees received Care Call phone calls on their smartphones, engaging in conversations with AI about daily well-being and health status. The booth also demonstrated the interactive capabilities of the Care Call's conversational AI technology. A Naver Cloud representative stated, "We received positive feedback from key local government officials in Japan, who recognized the interactive features as practical solutions that can be implemented immediately." During the exhibition, Naver Cloud conducted consultations with several local governments interested in adopting Care Call, expanding its business connections nationwide. According to the company, Naver Care Call is characterized by its natural Japanese language proficiency and has been in use since June of last year in Izumo City, one of Japan's super-aged cities. The AI infrastructure is utilized to alleviate the burden of repetitive tasks for welfare personnel, addressing gaps in care due to workforce shortages. Additionally, Naver Cloud held a seminar during the exhibition focused on 'Digital Transformation in Elderly Care' in collaboration with Izumo City, sharing the results and operational processes of the Care Call pilot program. According to statistics from Japan's Ministry of Health, Labour and Welfare, approximately 2.4 million care workers will be needed this year. Industry reports indicate that Japan's senior market is expected to reach 100 trillion yen (over 900 trillion won) by 2025, driving rapid growth in the country's age tech market. In response to workforce shortages, the Ministry of Health, Labour and Welfare is promoting 'Care DX' policies, heavily investing in pilot projects that incorporate AI, Internet of Things (IoT), and robotics into care settings to address issues such as the aging population and solitary elderly individuals. The local government market in Japan presents high entry barriers, but once a product's performance is validated locally, there are significant opportunities for nationwide expansion. Naver's recent success in Izumo City has positioned it favorably at this exhibition. Kim Yoo-won, CEO of Naver Cloud, remarked, "Last year, we took our first step into the Japanese public market through our collaboration with Izumo City, and this time we have expanded our connections by meeting with local government officials from across the country. As the demand for care in Japan continues to rise, we aim to strengthen our foothold in the public market as a partner that addresses practical issues with AI technology."* This article has been translated by AI. 2026-05-18 12:18:17

Kia Launches Updated 2027 Morning Model with Enhanced Features Kia has launched the updated 2027 Morning model, incorporating popular features such as LED map lamps as standard equipment. On May 18, Kia announced the official start of sales for the 2027 Morning, a compact car that has consistently garnered consumer popularity. Last month, Morning sales reached 3,186 units, making it one of the top two models in Kia's passenger car segment alongside the Ray, which sold 4,877 units. The 2027 Morning is characterized by its enhanced safety and convenience features, with new specifications and interior color options that improve overall product appeal. All trims, including the van model, now come standard with LED map lamps to enhance visibility inside the vehicle. Additionally, the 1.0 gasoline passenger model includes a driver's knee airbag as standard across all trims, further boosting safety. Starting from the signature trim, a new 10.25-inch cluster is now standard, and a bright green interior color option called 'Ice Green' has been added throughout the cabin, including the seats. A Kia representative stated, "The 2027 Morning is a model that enhances product appeal by focusing on features that customers prefer. It will offer a more competitive product while maintaining the economic advantages inherent in compact cars."* This article has been translated by AI. 2026-05-18 12:16:25

Global Risk Aversion Amid Inflation Concerns Keeps Won-Dollar Exchange Rate Above 1500 The won-dollar exchange rate remains above 1500 won amid rising global government bond yields. As of 9:28 a.m. on May 18 in the Seoul foreign exchange market, the exchange rate stood at 1501.0 won per dollar, opening at 1501.2 won, an increase of 0.4 won from the previous trading day. The rise in global interest rates appears to have dampened the appetite for riskier assets. On May 15, yields on government bonds in major countries, including the United States, the United Kingdom, and Japan, surged to their highest levels in decades. On this day, the yield on the 10-year U.S. Treasury rose by 13.8 basis points to 4.597%. The yield on the 30-year U.S. Treasury reached 5.12%, the highest level since July 2007. The yield on the UK 10-year government bond briefly exceeded 5.18%, while the 30-year bond yield surpassed 5.86%, marking the highest levels in decades. Similarly, the yield on Japan's 10-year government bond rose to the 2.7% range, the highest since 1997. Concerns are growing that inflation shocks from the ongoing conflict in the Middle East could persist, contributing to rising bond yields. As risk aversion increases, foreign investors have been net sellers in the securities market, offloading 694.7 billion won in the early trading session. Min Kyung-won, an economist at Woori Bank, stated, "The rise in global government bond yields, sparked by renewed inflation concerns, inevitably adds pressure to stock market valuations. The accelerated outflow of foreign capital from the KOSPI will likely heighten upward pressure on the exchange rate due to some reverse remittances and speculative long positions offshore."* This article has been translated by AI. 2026-05-18 12:14:46

Israeli Military Reports Shortage of 12,000 Troops Amid Ongoing Conflicts The Israel Defense Forces (IDF) have publicly acknowledged a significant shortage of troops and increasing fatigue among reservists. As the conflict in Gaza and tensions with Iran continue, both the standing army and reserve forces are nearing their limits. On May 17, The Times of Israel reported that the IDF currently lacks approximately 12,000 troops based on standing army standards, with a shortfall of about 7,000 combat soldiers. A senior IDF officer stated, "The security needs are great and urgent, and the fatigue among soldiers is much greater than expected." The IDF warned that the troop shortage could worsen starting next year. Israel reduced the mandatory service period for men from 36 months to 30 months, effective August 2024. The first cohort under this new system is set to be discharged in January 2027. The IDF believes that unless existing laws are amended, the shortage of combat and non-combat personnel could increase by thousands. IDF Chief of Staff Eyal Zamir has repeatedly called for an extension of the mandatory service period back to 36 months. However, the government has yet to approve this request. The IDF also sees a need for effective conscription legislation and adjustments to the duration and methods of reserve call-ups. However, the government's response has not aligned with military needs. The administration is prioritizing the passage of a Haredi conscription bill over extending mandatory service. This bill aims to increase Haredi participation in the military, but the IDF views it as insufficient to address the immediate troop shortage. Although there are about 80,000 eligible Haredi conscripts, actual enlistment numbers are limited, and even if the bill's goals are fully met, the annual increase in Haredi combat soldiers may only reach a few hundred. Actual enlistment figures also fall short of military demands. Approximately 1,850 Haredi soldiers enlisted during the first half of the 2025-2026 conscription period, with projections suggesting over 3,000 for the entire period. While this represents a record high, it still falls short of the IDF's target of 4,800 annually. Moreover, the IDF has indicated an immediate need for 7,000 additional combat troops, highlighting that expanding Haredi enlistment alone will not fill the gap. The burden on reservists is also rapidly increasing. The IDF initially set the reserve duty period for 2026 at 55 days, but many reservists have already served 80 to 100 days due to the ongoing conflict with Iran. Critics point out that the current system relies heavily on emergency call-up orders, which limits its effectiveness in prolonged warfare. A senior IDF officer warned, "If legislative measures are not taken now, the situation will worsen and shake the entire system," adding that there remains a "last legislative opportunity" to address the troop crisis before the upcoming elections.* This article has been translated by AI. 2026-05-18 12:13:16