Bithumb Celebrates Bitcoin Pizza Day with Promotions for New Customers Bithumb announced on May 18 that it will hold an event in celebration of Bitcoin Pizza Day, offering Bitcoin and pizza sets to new customers making their first deposit. Any new customer without a deposit history at Bithumb can participate. After completing the application on the event page, customers who make a net deposit of 50,000 won or more during the event period will be automatically entered. The event runs until May 31. There are three main benefits. All participating customers will receive Bitcoin worth 10,000 won. Additional rewards will be given based on the amount of net deposits. The top 2,026 customers based on net deposit amounts will receive a gift card for a large Grilled Patty Cheeseburger Pizza and hot wings from Domino's Pizza, along with a cola. The top 10 customers will enjoy a fee waiver on trading amounts up to 100 million won. This benefit will be valid for 30 days from the date of issuance. Net deposits are calculated by subtracting withdrawal amounts from total deposits during the event period. The value of virtual asset deposits and withdrawals is based on the market price at the time of completion, and internal transfers between members are not counted. To receive the benefits, customers must maintain their balance and ranking until June 5, the date of issuance. Moon Sun-il, head of service management, stated, "Bitcoin Pizza Day is a symbolic day that proves the value of virtual assets in everyday life. We hope this event provides customers with a special opportunity to reflect on the significance of Pizza Day along with their first deposit experience at Bithumb." Bitcoin Pizza Day commemorates the day in 2010 when an investor in Florida purchased two pizzas for 10,000 Bitcoins.* This article has been translated by AI. 2026-05-18 20:25:17

Vietnam Expands Trade and Investment Cooperation with Busan A Vietnamese business delegation is visiting Busan to explore entry into the Korean market. The Busan Economic Promotion Agency (BEPA) hosted an export consultation meeting in Vietnam last October and reached an agreement with the Consul General of Vietnam in Busan in November on a joint business plan for 2026. This forum is expected to yield results from a year of collaborative groundwork. On May 17, the Overseas Market Development Bureau of Vietnam's Ministry of Industry and Trade announced that it will send a business delegation to Busan and southern Korea from May 19 to 22 to promote trade. This visit is part of the 2026 trade promotion program, aimed at identifying import demand and growth potential in Busan and southern Korea, understanding product quality standards, packaging, and distribution systems, and detailing strategies for promising export items such as agricultural products, processed foods, furniture, household goods, and OEM cooperation. Vietnamese companies plan to introduce their products and explore trading possibilities by meeting directly with local import partners at the 'Vietnam-Korea Business Networking Workshop' in Busan. ◆ Meeting Between Consul General and BEPA Director in November 2022: Agreement on Joint Business Plans for 2026 This forum is a continuation of the cooperation established over the past year. On November 17, 2022, Consul General Doan Phuong Lan met with BEPA Director Song Bok-cheol in Busan to discuss future cooperation directions. Lan highlighted Vietnam's economic development status, market potential, and prospects for collaboration between Vietnamese local governments and Busan, officially proposing the dispatch of reciprocal trade promotion delegations, investment attraction, technology cooperation, and expansion of startup collaboration. In response, Director Song praised Vietnam's development potential and the possibilities for Korea-Vietnam economic, trade, and investment cooperation, expressing BEPA's commitment to actively support trade and investment promotion events and assistance for small and medium-sized enterprises and startups. He also shared the results of BEPA's ongoing trade promotion programs in the Vietnamese market during the meeting. BEPA is a nonprofit organization jointly established by the city of Busan and the Ministry of SMEs and Startups of Korea. Additionally, in October 2022, BEPA dispatched a trade delegation consisting of 10 local SMEs to Vietnam using the Busan Economic Revitalization Support Fund (BEF). Vietnam is Busan's fourth-largest export destination, accounting for approximately 6.9% of the city's total exports. To support the somewhat sluggish recovery of exports to Vietnam, BEPA held export consultation meetings in Hanoi and Ho Chi Minh City, the economic centers of Vietnam. Through pre-matching, 60 local buyers were selected for consultations on various products, including cosmetics, health supplements, industrial welding machines, and dental implants, resulting in a total consultation performance of $12 million (approximately 18 billion won) and contract negotiations worth $8 million (approximately 12 billion won). The trade volume between the two countries is rapidly growing. As of last year, the trade volume exceeded $90 billion, and from January to April this year, trade reached $37.2 billion, continuing a strong growth trend. Exports to Korea amounted to $11.1 billion, a 22.9% increase compared to the same period last year, while imports rose to $26.1 billion, up 40.8%. As of the end of March this year, Korea's cumulative registered investment in Vietnam was approximately $99 billion, with 10,450 active projects, accounting for 23% of all projects and 18% of total foreign direct investment (FDI). * This article has been translated by AI. 2026-05-18 20:22:26

Global Executions Reach Record High in 2025, Driven by Iran and China The number of executions worldwide exceeded 2,700 last year, marking the highest level in 44 years. According to a report from Amnesty International cited by the German news agency dpa on May 18, 2025 saw 2,707 executions carried out across 17 countries. This figure represents a 78% increase from the previous year's total of 1,518 executions, the highest since Amnesty began tracking these statistics in 1981. The report attributes the significant rise in executions to an increase in punitive measures related to the war on drugs, with 1,257 drug-related executions recorded last year. Agnes Callamard, Secretary General of Amnesty International, stated that “a small number of repressive countries have significantly increased their use of the death penalty,” criticizing these nations for weaponizing capital punishment to instill fear and suppress dissent. Amnesty highlighted Iran as a key example, noting that at least 2,159 executions were carried out there last year, more than doubling the previous year's total. China is also mentioned as one of the countries with the highest number of executions, with thousands reportedly carried out last year. Some nations are even attempting to reinstate the death penalty; for instance, Burkina Faso has adopted a draft bill to revive capital punishment for crimes such as treason, terrorism, and espionage. Despite these alarming trends, Amnesty International acknowledged the progress made by human rights organizations advocating for the abolition of the death penalty, noting that more than half of the countries worldwide have abolished it.* This article has been translated by AI. 2026-05-18 20:19:51

Anthropic Shares AI-Detected Cyber Vulnerabilities with Global Financial Authorities U.S. artificial intelligence company Anthropic has decided to share cyber defense vulnerabilities identified by its latest AI model with major financial authorities and central banks worldwide. The Financial Times reported, citing two sources familiar with the matter, that Anthropic plans to brief member countries of the Financial Stability Board (FSB) on the capabilities of its latest AI model, Claude Mythos Preview. This briefing is reportedly in response to a request from Andrew Bailey, the Governor of the Bank of England and FSB Chair. The FSB is a global financial oversight body that includes finance officials, central bank representatives, and securities regulators from the Group of 20 (G20) nations. In South Korea, the Bank of Korea and the Financial Services Commission are active members of the FSB, raising the possibility that the country will assess the performance of Mythos during this opportunity. Last week, Michael S. Cellioto, Anthropic's Global Policy Lead, visited South Korea to discuss issues related to Mythos with domestic authorities. Many FSB member countries are concerned that Mythos and AI models from other U.S. tech firms may expose vulnerabilities in the cyber defenses of lending institutions, potentially creating new risks for the global financial system. Last month, Anthropic reported that Mythos had identified thousands of high-risk vulnerabilities across all major operating systems and web browsers, warning that exploitation of these vulnerabilities could have severe implications for the economy, public safety, and national security. Due to the risk of misuse, Mythos has primarily been disclosed only to select institutions within the United States. This has raised concerns among companies and regulators outside the U.S. about varying levels of cyber defense across regions, according to the Financial Times. In response, the FSB is preparing a report outlining 'sound practices' necessary for the integration of AI into the financial system. The FSB plans to release this report next month and seek public feedback. However, it remains uncertain whether international cooperation on AI threats will be effectively achieved amid geopolitical tensions. Earlier this month, the International Monetary Fund (IMF) urged policymakers to strengthen international collaboration to address the cybersecurity vulnerabilities revealed by the latest AI models. The IMF warned that new AI models could elevate cyber risks to potential macroeconomic shocks, emphasizing that cyber threats do not respect borders and that emerging and developing countries with limited resources may be more exposed to attackers targeting vulnerable regions.* This article has been translated by AI. 2026-05-18 20:18:00

KOSPI Recovers from Early 4% Drop to Close Slightly Higher at 7510 On May 18, the KOSPI index initially plunged more than 4% but managed to recover, closing slightly higher at 7510, bolstered by a rebound in semiconductor stocks. According to the Korea Exchange, the KOSPI finished up 22.86 points (0.31%) at 7516.04. The index opened at 7443.29, down 49.89 points (0.67%) from the previous session. During the early trading session, the KOSPI experienced a sharp drop of over 4%, triggering a sell-side circuit breaker around 9:19 a.m. The sell-side circuit breaker is activated when KOSPI 200 futures fall more than 5% compared to the previous trading day and remain at that level for one minute. This measure temporarily halts program trading for five minutes to ease market overheating. Lee Kyung-min, a researcher at Daishin Securities, noted, "The KOSPI fell to the 7140 level after the sell-side circuit breaker was triggered, but it turned bullish thanks to a rebound in Samsung Electronics. The semiconductor sector saw a surge in bargain buying, while other sectors generally remained weak." In the main stock market, individuals and institutions recorded net purchases of 22.087 billion won and 13.912 billion won, respectively, while foreign investors sold a net 36.492 billion won. Among the top market-cap stocks, Samsung Electronics rose by 3.88%, SK Hynix by 1.15%, Samsung Electro-Mechanics by 2.08%, and Doosan Enerbility by 1.17%. In contrast, SK Square fell by 0.46%, Hyundai Motor by 5.29%, and LG Energy Solution by 2.16%. The KOSDAQ index closed down 18.73 points (1.66%) at 1111.09, starting the day at 1122.57, down 7.25 points (0.64%) from the previous session. In the KOSDAQ market, foreign investors purchased a net 2.372 billion won, while individuals and institutions sold 750 million won and 2.55 billion won, respectively. Among the top stocks by market capitalization, Alteogen fell by 3.12%, EcoPro BM by 0.05%, EcoPro by 1.86%, Rainbow Robotics by 7.90%, Kolon TissueGene by 2.87%, and Samchundang Pharm by 3.74%. In contrast, JW Engineering surged by 29.96%.* This article has been translated by AI. 2026-05-18 20:15:26

President Lee Warns Samsung Union: Respect for Corporate Management is Essential President Lee Jae-myung on May 18 addressed the Samsung Electronics labor union, stating, "In South Korea, which adopts a free democratic order and a capitalist market economy, both labor and corporate management must be respected equally." This marks the first time President Lee has directly targeted the Samsung union ahead of its planned strike on May 21, raising questions about the potential impact of his remarks on labor-management negotiations.In a post on X (formerly Twitter), President Lee emphasized, "Workers should receive fair compensation for their labor, while shareholders who bear risks and losses deserve a share of corporate profits." He noted that at one time, the Constitution included provisions for workers' rights to share in corporate profits.The right to share in corporate profits was outlined in Article 18, Section 2 of the original Constitution, which stated that employees of profit-oriented private enterprises had the right to equitable distribution of profits as determined by law. This provision was removed during the 1962 constitutional amendment process.President Lee also suggested the possibility of invoking "emergency adjustment rights," stating, "While the current Constitution guarantees the basic rights of all citizens, these rights may be restricted for public welfare as long as the essential content is not violated." If invoked, emergency adjustment rights would prohibit strikes for 30 days.He remarked, "Where there is light, there is shadow; where there is a mountain, there is a valley. Excess can be as detrimental as deficiency, and extreme situations often lead to a backlash." His reference to excess is interpreted as a response to the Samsung union's demands for the elimination of the cap on performance bonuses, which they seek to set at 50% of annual salary, and for a formalization of a plan to allocate 15% of operating profit for bonuses.President Lee urged for dialogue between labor and management, stating, "Having more power does not equate to greater happiness; a future for a new South Korea lies in solidarity and shared responsibility for a better life for all."Labor Minister Kim Young-hoon responded to the President's message on social media, stating, "We will ensure that labor negotiations contribute to the healthy development of the national economy." He added, "The spirit of solidarity shown during the May 1980 Gwangju uprising is more relevant today than ever, and we will strive to ensure that labor negotiations lead to fair compensation and help alleviate polarization in the economy."On the same day, the business community issued a joint statement urging the Samsung union to withdraw its strike plans and calling for the immediate activation of emergency adjustment rights if a strike occurs. Six business organizations, including the Korea Employers Federation, the Korea Chamber of Commerce and Industry, and the Korea International Trade Association, expressed deep concern over the union's insistence on its existing position despite government and labor committee efforts, stating, "A strike by the Samsung union would undermine the foundation of a key national industry, and the union must withdraw its strike plans and seek resolution through dialogue."The business community emphasized that the issue of performance bonuses should be considered a management decision rather than a subject of collective bargaining, warning that excessive demands from some unions could exacerbate the dual structure of the labor market and increase social discord. 2026-05-18 20:13:00

Short Selling Increases Despite Decrease in Short Positions Following the KOSPI's surge past the 8,000 mark, the volume of short selling transactions has risen to approximately 2.8 trillion won. However, during the same period, the balance of securities lending has significantly decreased, indicating a trend that diverges from simple bearish betting. According to the Korea Exchange, as of May 15, the total value of short selling transactions reached 28.558 trillion won, marking a consecutive two-day record above 28 trillion won, following 28.383 trillion won on May 14. The short selling volume had been around 24.597 trillion won on May 13 but showed an upward trend on the 14th and 15th. Foreign investors led the short selling activity, accounting for about 70% of the total with a transaction value of 19.298 trillion won on May 15. For four consecutive days from May 12 to 15, foreign short selling remained around 19 trillion won, indicating an increase in hedging transactions at high price levels. Institutional short selling also saw a resurgence. After a decline to 4.807 trillion won on May 13, institutional short selling values increased again to 8.240 trillion won on May 14 and 8.977 trillion won on May 15. Analysts suggest that this reflects adjustments in positions in anticipation of increased volatility following the KOSPI's rise above 8,000. However, the trend in securities lending appears different from typical early bearish market patterns. According to the Korea Financial Investment Association, the number of shares returned in securities lending on May 15 was 99.16 million, significantly exceeding the number of shares lent out, which was 39.51 million. Consequently, the balance of securities lending dropped from 182.4304 trillion won on May 14 to 170.2727 trillion won on May 15, a decrease of about 12 trillion won. Market analysts note that typically, when confidence in a market downturn strengthens, both short selling and securities lending balances increase. However, in this instance, while short selling has been active, the actual cumulative short positions have decreased, raising the possibility of profit-taking or short covering by existing short sellers. Looking ahead, market observers believe that the trends in foreign futures positions and securities lending balances will serve as additional variables. A securities industry official stated, "The current trend is more about responding to short-term volatility at high levels of the KOSPI rather than aggressive bearish betting. If the decline in securities lending continues, the possibility of a short covering rally cannot be ruled out."* This article has been translated by AI. 2026-05-18 20:10:23

NH Nonghyup Bank Raises Bar for Home Loans Starting May 20 Last month, the balance of home mortgage loans saw its largest increase in eight months, prompting NH Nonghyup Bank to tighten its lending criteria for household loans, particularly mortgages. This move is interpreted as a measure to strengthen total loan management amid a resurgence in mortgage growth within the banking sector. According to financial sources on May 18, NH Nonghyup Bank will temporarily restrict refinancing for face-to-face mortgage loans from other banks starting May 20. The bank stated that this action aims to enhance stable management of household loan volumes and to focus on lending for genuine demand. Additionally, starting the same day, there will be temporary restrictions on face-to-face mortgage insurance (MCI) for home loans in non-metropolitan areas. However, group loan payments will be exempt from this restriction. MCI is an insurance policy that borrowers must obtain when executing a mortgage loan. Without this insurance, financial institutions can only lend amounts excluding small rental deposits, effectively reducing the borrowing limit for the borrower. Thus, even if loans are not completely halted, the actual threshold for borrowing becomes significantly higher. Previously, on May 6, NH Nonghyup Bank had already limited MCI subscriptions for mortgage loans in metropolitan areas. Meanwhile, household loans in the banking sector have recently shown an upward trend, particularly in mortgages. This increase is attributed to a surge in housing transactions during the first quarter, which is now being reflected in the market ahead of the expiration of the capital gains tax exemption on May 9. According to the Bank of Korea's financial market trends, as of the end of April, the balance of mortgage loans at deposit banks reached 937.6 trillion won, an increase of 2.7 trillion won from the previous month. This marks the largest increase since August of last year. The total balance of household loans at deposit banks also rose to 1,174.9 trillion won at the end of April, up 2.1 trillion won from the previous month, marking two consecutive months of growth.* This article has been translated by AI. 2026-05-18 20:07:45

Senior Consumers Drive Growth in Seoul's Traditional Markets Seoul's commercial landscape is undergoing a transformation. While the growth of areas once dominated by young consumers, such as Hongdae and Sinchon, has slowed, traditional markets like Cheongnyangni, Jongno 3-ga, and Suyu are rapidly expanding, driven by a significant increase in spending from consumers aged 60 and older. Analysts suggest that the era of youth-driven consumer trends is giving way to a renewed focus on senior consumers and the rediscovery of established commercial districts. An analysis of data from the Seoul City Commercial Analysis Service on May 18 revealed a notable increase in sales in areas with a high proportion of consumers aged 60 and above. Traditional markets, long-established businesses, and sectors such as healthcare, jewelry, and essential services are experiencing growth based on senior consumer spending. A prime example is the area around Cheongnyangni Station, where the proportion of consumers aged 60 and older is 34.1%, one of the highest among major commercial districts analyzed. During the same period, sales in the Cheongnyangni area surged by 228%. Historically recognized for its significant middle-aged and elderly consumer base, Cheongnyangni is now emerging as a key commercial hub in northeastern Seoul, bolstered by mixed-use developments and improved transportation networks. Suyu Traditional Market has also shown impressive growth, with sales increasing by 302% over the past five years. Similarly, the Jongno 3-ga area experienced a 71% increase during the same timeframe. These regions share a commonality in their strong demand for sectors catering to middle-aged and elderly consumers, including jewelry, traditional medicine, and dining options. In contrast, the growth of areas traditionally favored by younger consumers has stagnated. The Hongdae area saw a mere 16% increase in sales, while Sinchon experienced an 8% decline. Although both areas still attract a significant number of visitors in their 20s and 30s, they are no longer driving explosive growth in consumer spending as they once did. This shift is attributed to changes in demographics and consumer behavior. Over the past five years, the population of individuals in their 20s in Seoul has decreased from 1.63 million to 1.49 million, a decline of 8.6%. Additionally, the movement of consumer spending from offline to online platforms has contributed to the slowdown in growth for youth-oriented commercial areas. Conversely, the consumer base aged 60 and older is expanding rapidly. As the baby boomer generation enters retirement, the phenomenon of "active seniors" is becoming more pronounced. This demographic is increasingly engaged in dining out, health management, and leisure activities, demonstrating strong loyalty to the offline markets they have frequented for years. Particularly in areas like Cheongnyangni, Jongno 3-ga, and Suyu Traditional Market, these long-established districts serve as vital consumer hubs, offering not just retail options but also healthcare, pharmacies, traditional markets, restaurants, and essential services. This aligns well with the senior consumer pattern of wanting to see, buy, and enjoy their purchases while addressing healthcare, food, and dining needs all in one visit. Moreover, the trend of "retro consumption" among younger consumers is contributing to a reevaluation of these older commercial areas. Once considered outdated, traditional markets and long-standing businesses are being reinterpreted as "hip" spaces among younger crowds. The stable consumer base of seniors, combined with the influx of younger visitors, is broadening the appeal of these districts. However, not all older commercial areas are thriving. For senior consumer spending to translate into growth, factors such as transportation accessibility, diversity of businesses, density of essential services, and residential demand must be present. Cheongnyangni benefits from integrated transport development, while Jongno 3-ga maintains specialized sectors like jewelry, healthcare, and dining. Suyu Traditional Market plays a strong role in capturing local consumer spending. Song Seung-hyun, CEO of Urban and Economy, noted, "Consumers aged 60 and older have accumulated extensive experience using traditional offline markets, which influences their preference for direct purchasing, dining, and enjoyment." He added, "Old commercial areas like Cheongnyangni and Jongno are not just retail spaces; they also evoke nostalgia for seniors through offerings like fresh produce, seafood, and traditional medicine. Markets like Cheongnyangni and Gwangjang are regaining competitiveness by maintaining structures that allow for both wholesale and retail activities."* This article has been translated by AI. 2026-05-18 20:05:05

Rising Stock Prices Leave Individual Investors Struggling to Keep Up As the KOSPI index continues to reach record highs, the number of so-called "emperor stocks," which have prices exceeding 1 million won, has also surged. However, the soaring prices have made these stocks less accessible for individual investors. According to the Korea Exchange, as of May 18, the closing prices for companies such as Hyosung Heavy Industries, SK Hynix, Doosan, Korea Zinc, Samsung Biologics, Samyang Foods, Hanwha Aerospace, HD Hyundai Electric, SK Square, Samsung Electro-Mechanics, and Taekwang Industrial have reached a total of 11 companies. This marks an increase from four companies at the end of last year, nearly tripling in just five months, which is the highest level on record. Market analysts are optimistic about the potential for further gains among these emperor stocks. Eugene Investment & Securities and Yuanta Securities have set a target price of 5 million won for Hyosung Heavy Industries, citing an expansion in new orders. Mirae Asset Securities and Eugene Investment & Securities have raised their target price for SK Hynix to 3.2 million won, based on improvements in the memory market and increased profitability. However, not all individual investors view the rising stock prices positively. A 30-year-old office worker, referred to as A, stated, "Many predict that SK Hynix will continue to rise, but the price per share is daunting. I find myself only contemplating buying without making a decision." Another office worker in their 20s, B, mentioned, "I can't afford to buy SK Hynix right now, so I opted to purchase more Samsung Electronics instead." This trend is reflected in trading volumes as well. As of May 15, Samsung Electronics had a trading volume of 38.08 million shares, while the combined trading volume of the 11 emperor stocks was only about 10.65 million shares. This means that the total trading volume of emperor stocks was only about 28% of that of Samsung Electronics. Due to these circumstances, there is growing interest in the possibility of stock splits. A stock split increases the number of shares without changing the company's value or market capitalization, effectively lowering the price per share. This is seen as a way to enhance accessibility for individual investors and increase trading liquidity. Notable examples of companies that have executed stock splits during high price periods include SK Telecom (10-for-1 in 2000 and 5-for-1 in 2021), Amorepacific (10-for-1 in 2015), and Samsung Electronics (50-for-1 in 2018). However, some market participants caution against placing too much significance on stock splits. While they can improve trading convenience and liquidity, they do not alter a company's performance or intrinsic value. An industry insider remarked, "A stock split does not change the fundamentals of a company. Ultimately, long-term stock price trends are determined by performance and market conditions."* This article has been translated by AI. 2026-05-18 20:03:00