Court Denies Exit Ban Suspension for Professor Moss Tan Amid Criminal Investigation A South Korean court has rejected a request to suspend an exit ban on Moss Tan, a professor at Liberty University in the United States, who is under investigation for allegedly claiming that President Lee Jae-myung was involved in past criminal activities, including election fraud. According to legal sources on June 4, the Seoul Administrative Court, presided over by Judge Wi Ji-hyun, dismissed Tan's application to suspend the exit ban imposed by police. The court acknowledged the urgent need to prevent irreparable harm to Tan but stated that suspending the ban could significantly impact public welfare. The ruling emphasized that investigations should not be unnecessarily prolonged due to the exit ban, but it also noted that there was no substantial reason to deem the police's judgment regarding the necessity and validity of the exit ban unreasonable. While the court recognized the potential for Tan to suffer irreparable damage from the exit ban, it concluded that the risk to public welfare from lifting the ban was greater. Tan, a Korean-American, immigrated to the United States with his family in 1979. He earned a Juris Doctor from Northwestern University School of Law in 2001 and became a licensed attorney in Illinois. Tan, who served as the U.S. Department of State's Ambassador-at-Large for Global Criminal Justice during the Trump administration, is currently under police investigation for spreading false information, including claims that China interfered in South Korea's elections and that President Lee spent time in a juvenile detention center. After Tan returned to South Korea on May 28, police requested his attendance for questioning. However, when Tan's team did not comply, they applied for the exit ban, prompting Tan to file a lawsuit against the decision.* This article has been translated by AI. 2026-06-04 11:12:00

Prime Minister Kim Calls for Collaboration Between Central and Local Governments On June 4, Prime Minister Kim Min-seok emphasized the need for collaboration between the central and local governments to achieve tangible results for the public. During his opening remarks at a meeting of the Emergency Economic Headquarters held at the Government Seoul Building, Kim noted, "Yesterday, the nationwide local elections were held, and new local leaders have been elected to guide local governments for the next four years." He urged the heads of various ministries to enhance communication with local governments, stating, "It is essential that the government's national tasks, local pledges, and key issues of local governments create synergy. Please also monitor the progress of major projects." He added, "Now is the time to demonstrate the policies promised to the public." Kim also expressed his condolences regarding the recent explosion at Hanwha Aerospace's Daejeon facility and the fire at SK Hynix's Cheongju plant. He stated, "I extend my deepest condolences to those who lost their lives in these incidents." He called for thorough support for the treatment of the injured and assistance for the victims' families, urging relevant agencies to ensure no negligence occurs. He stressed the importance of joint inspections by the government and local authorities on high-risk processes, including the facilities involved in the accidents, to ensure improvements are implemented. Regarding the conflict between the United States and Iran, Kim remarked, "Even if a ceasefire is reached, it is expected that normalizing the supply of petroleum products and restoring supply chains will take considerable time, possibly several months." This week, the Consumer Price Index for May was reported to have risen by 3.1% compared to the same month last year, marking the first time it has reached the 3% range since March 2024. Kim noted, "The impact of rising prices does not affect all income levels equally. Low-income households feel the effects more acutely due to their higher expenditure on essentials like food and energy." He urged relevant departments to do their utmost to stabilize prices, particularly for essential goods.* This article has been translated by AI. 2026-06-04 11:09:00

Chinese Green Transition Demand Draws Domestic Equipment Firms to Tianjin Domestic eco-friendly equipment companies are making inroads into the Chinese market as demand for green technology surges. This strategy aims to capture a growing niche market. The Korea Trade-Investment Promotion Agency (KOTRA), in collaboration with the Korea Environmental Industry Association, is hosting the '2026 China Tianjin Environmental Industry Export Consultation Meeting' from June 4 to 5 in Tianjin. The event is designed to address the green transition needs in seven key industrial sectors identified by the Chinese government, including eco-friendly equipment, information technology, and equipment manufacturing. Tianjin, a major industrial hub in northern China, has a fine particulate matter (PM2.5) concentration of 36.2 µg/m³, approximately 30% higher than the national average. Due to its industrial structure, the city has faced criticism for high emissions of air pollutants, prompting calls for a transition to smart, low-carbon infrastructure. In response, the Chinese government designated Tianjin as a 'National Green Development Pilot Zone' in 2024, promoting the greening of industries through initiatives like smart water treatment and carbon reduction. The plan includes an investment of 52 billion yuan (about $7.2 billion) to enhance green technology, equipment, services, and financial infrastructure by 2035, while also attracting global companies to the pilot zone. To align with this demand, KOTRA facilitated export consultations for 11 promising domestic environmental technology firms with 25 Chinese buyers, focusing on low-carbon management, energy reduction, and digital water treatment solutions. Two domestic companies producing sludge reduction dewatering systems and smart water quality measurement devices successfully signed agent contracts and memorandums of understanding (MOUs) with Chinese buyers during the event. Additionally, a separate meeting between South Korean and Chinese government officials and relevant organizations discussed ways to expand cooperation and exchanges in the environmental industry, involving the Ministry of Climate, Energy and Environment, the Korea-China Environmental Cooperation Center, and the Korea Environmental Technology Institute, among others, with Tianjin's Ecological Environment Bureau and Environmental Protection Association. KOTRA's China Regional Headquarters Director Hwang Jae-won stated, "The Chinese government is prioritizing green transition across industries and urban operations. We will do our utmost to uncover business opportunities and connect our companies with partners." 2026-06-04 11:03:00

Real Estate Auctions in Gyeonggi Province Surge 23.5%, Kimpo Sees Threefold Increase High interest rates have led to a significant increase in the number of properties in Gyeonggi Province changing ownership through auctions. According to data analyzed by the real estate information app Zipum from the Supreme Court's registration information portal, the number of properties sold through voluntary auctions in Gyeonggi Province rose from 942 cases in May 2025 to 1,163 cases in May 2026, marking an increase of 221 cases or 23.5%. Pyeongtaek City recorded the highest number of cases at 105, followed by Suwon's Gwonseon District with 97, Gimpo City with 93, Yangpyeong County with 85, and Namyangju City with 65. Last year, Pyeongtaek also led with 82 cases, while Paju City and Yangpyeong County were among the top areas. This year, Pyeongtaek maintained its top position, with Suwon and Gimpo moving up in the rankings. The most significant increase was seen in Gimpo City, which jumped from 30 cases last May to 93 this year, a rise of over threefold. Suwon's Gwonseon District also expanded from 54 to 97 cases, while Suwon's Paldal District surged from 4 to 47. Additionally, Namyangju City increased from 30 to 65 cases, and Yongin's Cheoin District rose from 18 to 51, both showing more than double growth. The analysis indicates that voluntary auction sales are increasing, particularly in the southwestern metropolitan area and the outskirts of new cities like Gimpo and Namyangju. Conversely, some areas experienced a decline. Yeoju City saw a drop from 39 to 6 cases, Yangju City from 50 to 26, Goyang's Ilsanseo District from 25 to 4, and Icheon City from 17 to 3. Notably, Yeoju and Goyang's Ilsanseo District reported significant decreases of 84.6% and 84.0%, respectively. This highlights a clear disparity in trends across different regions within Gyeonggi Province. The application for ownership transfer registration due to voluntary auctions involves properties with established collateral rights being sold at auction, indicating an increase in properties reaching the auction sale stage. This trend serves as a barometer for the financial conditions of the local real estate market. Industry experts attribute the rise in auction cases to the burden of interest payments exacerbated by high rates and economic slowdown. Many properties purchased during the price surge from 2021 to 2022 have recently reached the actual sale stage, contributing to this increase. A representative from Zipum stated, "The number of properties sold through voluntary auctions in Gyeonggi Province has increased by 23.5% in a year, with Gimpo City seeing a threefold rise from 30 to 93 cases, highlighting notable changes in the outskirts of the metropolitan area. However, regions like Yeoju and Yangju have seen declines, indicating the need to analyze regional trends within Gyeonggi Province more closely." 2026-06-04 11:03:00

Constitutional Court Upholds Lawyer Exam Law, Excludes Pregnancy and Childbirth Exceptions The Constitutional Court has narrowly upheld a provision in the Lawyer Examination Act that does not recognize pregnancy and childbirth as exceptions to the five-exam limit imposed on law school graduates within five years of graduation. However, the majority of justices expressed concerns about the law's alignment with constitutional protections for maternal rights, indicating that legislative discussions for reform are likely to follow. On June 4, legal sources reported that the court ruled 4 to 5 in favor of upholding Article 7, Section 2 of the Lawyer Examination Act. Although five justices voiced opinions of unconstitutionality, the ruling did not reach the required six votes for a declaration of unconstitutionality, resulting in a final decision of constitutionality. Article 7, Section 1 of the Lawyer Examination Act stipulates that graduates of law schools can take the bar exam only five times within five years from the end of the month in which they obtain their master's degree. Section 2 allows for the exclusion of the period of military service from this five-exam limit, a provision often referred to as the 'typo' system. Claimant Kim Nuri, who graduated from law school in 2016, attempted the bar exam but failed. After giving birth to and raising two children, she was unable to take the exam again after failing in 2020. Kim and others argued that the current law, which recognizes only military service as an exception, infringes on their rights to equality and freedom of occupational choice. Justices Kim Hyung-doo, Jeong Jeong-mi, Jeong Hyung-sik, and Jo Han-chang supported the constitutionality of the law. They argued that the provision aligns with constitutional requirements to prevent disadvantages for those fulfilling military obligations and maintained existing precedents. They also expressed concerns that recognizing additional exceptions could complicate the fairness of exam opportunities and pass rates, potentially undermining trust in the examination system. Conversely, Justices Kim Sang-hwan, Kim Bok-hyung, Jeong Gye-seon, Ma Eun-hyeok, and Oh Young-jun expressed opinions of unconstitutionality. They stated, "Considering the state's obligation to protect maternal rights, this provision violates the principle of proportionality by infringing on the occupational freedom of candidates who cannot adequately take the bar exam due to pregnancy and childbirth." They emphasized that the unconstitutionality lies not in the exemption for military service but in the failure to recognize any other exceptions. This creates a situation where candidates preparing for or experiencing pregnancy and childbirth must choose between forgoing exam opportunities and delaying their family planning. The dissenting opinion also highlighted the state's obligation under Article 36, Section 2 of the Constitution to protect maternal rights. They noted that adequate birth rates and population are fundamental to national existence and development, linking maternal issues to community interests. Furthermore, they argued that many female candidates for the bar exam are of childbearing age, making it excessive to disregard pregnancy and childbirth as potential exceptions. The Constitutional Court has previously upheld Article 7 of the Lawyer Examination Act multiple times. In a 2020 ruling, the court first acknowledged the need to consider unavoidable circumstances like pregnancy and childbirth, leading to ongoing related petitions. The increase in dissenting opinions to five in this case has amplified calls for reform of the system. The Anti-Corruption and Civil Rights Commission also recommended in December of last year that the Ministry of Justice amend the Lawyer Examination Act to exclude one year from the exam limit for those giving birth. Attorney Park Eun-sun, representing Kim, stated, "With five justices now expressing the opinion that this is unconstitutional, we will continue our legislative efforts. We will also seek a ruling from the Constitutional Court if similar cases arise, including those involving serious illness preventing attendance at the exam."* This article has been translated by AI. 2026-06-04 11:00:00

Record Number of Graduates and N-Students Take June Mock Exam The first mock exam for the 2027 College Scholastic Ability Test has begun, signaling significant changes in the college admissions landscape due to a record influx of graduates and a trend of science students focusing on social studies, known as "social studies rush." The Ministry of Education and the Korea Institute for Curriculum and Evaluation announced that the June mock exam was conducted nationwide at 2,124 high schools and 564 designated academies starting at 8:40 a.m. on June 4. This mock exam is the first nationwide assessment reflecting the impact of increased medical school admissions and is expected to serve as a key indicator of the test's content and students' academic levels. A total of 488,343 students registered for this June mock exam. Due to a decline in the school-age population, the number of current third-year students decreased by 22,273 from the previous year, totaling 391,412. In contrast, the number of graduates and N-students increased by 7,044 from the previous year, reaching 96,931. Graduates now account for 19.8% of all test-takers, marking the highest percentage since the evaluation agency began releasing statistics in 2011. The trend of selecting social studies over science subjects has intensified. Among those taking the social and scientific inquiry sections, 66.9% (417,935 students) chose social studies, the highest ever recorded. Conversely, the selection rate for science subjects fell to 33.1%, the lowest in history. This shift indicates that students are moving towards social studies, which has less academic burden, following the elimination of designated inquiry subjects for science-related programs, solidifying the "social studies rush" phenomenon. Experts in the admissions industry have noted that the variables of increased medical school admissions and the influx of N-students have made it extremely difficult to predict subject advantages and cutoff scores. Lim Sung-ho, head of Jongno Academy, stated, "The solidification of the social studies rush and the significant increase in N-students make it very challenging to predict cutoff scores. It is essential to analyze the preliminary scoring results conservatively and develop a reverse strategy for applying to both early and regular admissions."* This article has been translated by AI. 2026-06-04 11:00:00

Hanmi Semiconductor Makes Debut at Computex 2026, Showcases AI Semiconductor Supply Chain Hanmi Semiconductor made its debut at Computex 2026 in Taipei, Taiwan, aiming to strengthen its position in the global supply chain for artificial intelligence (AI) semiconductors with its key equipment, the TC Bonder for HBM (High Bandwidth Memory). According to industry sources, Hanmi Semiconductor participated in Computex 2026, held from June 2 to June 5 at the Nangang Exhibition Center and the Taipei World Trade Center. Originally a PC and electronics exhibition, Computex has evolved into a platform where major global semiconductor companies, including NVIDIA, AMD, and Intel, showcase advancements in AI technology. At the exhibition, Hanmi Semiconductor introduced the 'TC Bonder 4' for HBM4 production and the 'Wide TC Bonder' aimed at next-generation HBM production. The TC Bonder is essential for precisely stacking multiple layers of DRAM to create HBM. The Wide TC Bonder is designed to accommodate the larger die sizes of next-generation HBM production. Increasing die area allows for more through-silicon vias (TSVs) and input/output interfaces, which is advantageous for expanding memory capacity and bandwidth. The company also unveiled 2.5D packaging equipment for AI semiconductors. Hanmi Semiconductor highlighted its advanced packaging capabilities with the introduction of the '2.5D TC Bonder 40' and '2.5D TC Bonder 120,' which integrate GPUs, CPUs, and HBM on a silicon interposer. Industry experts note that as HBM generations advance, not only memory performance but also stacking precision and packaging yield become critical factors influencing the overall supply capacity for AI semiconductors. Hanmi Semiconductor is also working to expand its global customer base. The company is preparing to establish a local subsidiary, Hanmi USA, in San Jose, California, by the end of this year. This strategy aims to enhance local responsiveness in a region where major AI semiconductor companies, including NVIDIA, are concentrated. Computex 2026 features participation from 1,500 companies and operates 6,000 booths. Key figures in the global AI semiconductor industry, including NVIDIA CEO Jensen Huang and AMD CEO Lisa Su, also delivered keynote speeches. A Hanmi Semiconductor representative stated, "Computex serves as a venue to confirm the technological trends in the global hardware supply chain, from AI chip design to packaging, physical AI, and finished products. We aim to strengthen our global market leadership with our proprietary TC Bonder and next-generation equipment."* This article has been translated by AI. 2026-06-04 10:54:00

U.S. Treasury Secretary: Inflation is a Temporary Phenomenon Scott Vessen, the U.S. Treasury Secretary, reaffirmed his stance that the inflationary pressures triggered by the conflict in Iran are a "temporary phenomenon." On June 3, Vessen stated during a Senate Finance Committee hearing that "inflation is expected to be a short-term issue, but other economic indicators are very robust." He added, "We believe we have all the conditions in place for a very strong economy," and expressed confidence that temporarily elevated prices would decline again. Vessen's comments come amid growing concerns about the impact of the Iran conflict on the U.S. economy and consumer prices. The blockade of the Strait of Hormuz by Iran has led to a more than 40% increase in gasoline and diesel prices. According to an analysis by Brown University, U.S. consumers have incurred an additional burden of $53 billion (approximately 81 trillion won) in fuel costs since the outbreak of the war, averaging over $400 (about 610,000 won) per household. Rising energy prices are also contributing to overall inflation. The Consumer Price Index (CPI) for April showed a 3.8% increase compared to the same month last year, marking the highest level in nearly three years since May 2023. The Personal Consumption Expenditures (PCE) price index also rose by 3.8% year-over-year, the highest since May 2023 (4.0%). The Federal Reserve's June Beige Book report indicated that rising energy costs linked to the Middle East conflict are a major driver of inflationary pressures, affecting shipping, packaging, food, and fertilizer sectors. The Fed also noted reports of increased credit card usage, decreased visits to retail stores, and heightened demand for essentials, suggesting that consumers are cutting back on spending and focusing on necessary purchases due to rising price pressures. However, Vessen argued that inflationary pressures are more limited compared to those during the administration of former President Joe Biden. He stated, "Since President Trump took office, food prices, what many people refer to as groceries, have only risen by 2.5%, which is half the annual increase seen during the Biden administration." Nonetheless, recent trends show that food prices are again on the rise. In April, grocery store food prices increased by 2.9% compared to the previous year, the highest rate of increase since 2023, with prices for fruits and vegetables rising by 6.1%.* This article has been translated by AI. 2026-06-04 10:51:00

M83 Shares Surge for Second Day Following AI Server Supply News M83, a visual effects (VFX) company, has seen its shares rise for the second consecutive day, hitting the upper limit after announcing a major artificial intelligence (AI) infrastructure supply contract through its subsidiary. According to the Korea Exchange, as of 9:48 a.m., M83's stock was trading at 7,760 won, up 1,790 won (29.98%) from the previous trading day. The stock had also closed at the upper limit on June 2, marking two days of strong performance. The surge in stock price is attributed to news regarding the supply of AI servers by M83's subsidiary, PNT Link. On June 2, M83 announced that PNT Link had begun supplying standard servers for AI infrastructure to Naver Cloud. The contract is valued at approximately 50 billion won annually, with deliveries expected to continue until March of next year. PNT Link specializes in GPU servers, AI storage, industrial servers, and the establishment of AI infrastructure. In response to the rising demand for high-performance servers driven by the proliferation of generative AI, the company is expanding its related business operations. In particular, PNT Link is broadening its scope beyond simple server supply to include the construction and maintenance of AI infrastructure, raising expectations for additional contracts. The company plans to actively respond to future demands for the expansion and maintenance of AI data centers and generative AI services based on existing supply projects. Market analysts believe that securing a supply reference with Naver Cloud amid the recent increase in AI data center investments and demand for AI infrastructure has boosted investor sentiment.* This article has been translated by AI. 2026-06-04 10:51:00

Jeong Cheong-rae Thanks Voters Despite Seoul Election Setback Jeong Cheong-rae, leader of the Democratic Party, expressed gratitude to voters for their support in the June 3 local elections and by-elections, despite acknowledging disappointment over failing to reclaim Seoul. In a press conference held on June 4 at the National Assembly, Jeong stated, "I appreciate the citizens for extinguishing the embers of insurrection and for electing capable local leaders who will work closely with the Lee Jae-myung administration." He emphasized that the Democratic Party will actively support the Lee Jae-myung government and local administrations to achieve national normalization and foster genuine local-led growth. Jeong also noted, "Just as the people are the owners of the country, the party members are the owners of the party. We will open a new era of party sovereignty that aligns with the age of popular sovereignty. With this election victory, we will adopt a humble attitude to address our shortcomings and refine our strengths." The Democratic Party secured 12 out of 16 regional governor positions in this election. In the four areas where they lost, three were closely contested. Notably, Jeong Won-oh, the Democratic Party's candidate for Seoul mayor, maintained a lead until he was overtaken by Oh Se-hoon, the opposing candidate, after 13 hours of vote counting. In the by-elections, the party retained 9 out of 14 contested districts.* This article has been translated by AI. 2026-06-04 10:48:00