Kim Jong Un Visits Greenhouse Farm in Sinuiju, Emphasizes Year-Round Vegetable Cultivation Kim Jong Un, Chairman of North Korea's State Affairs Commission, visited a large-scale greenhouse farm in Sinuiju, North Pyongan Province, to assess its operations and expressed satisfaction with its progress, according to state media reports. The Korean Central News Agency reported that during his visit to the Sinuiju Greenhouse Complex on May 31, Kim reviewed the farm's production and scientific research on vegetables, as well as its management practices. His wife, Ri Sol-ju, and daughter, Ju-ae, accompanied him. Kim toured various types of hydroponic and soil greenhouses, experimental cultivation facilities, and canola fields. He reportedly expressed satisfaction with reports indicating that the farm produces hundreds of tons of vegetables daily. He emphasized the need to minimize energy consumption in vegetable production while ensuring optimal growing conditions for different crop varieties to reduce costs and enable year-round cultivation. He called for diversification of crop varieties, scientific management practices, and competition among farms. Kim also inspected the construction progress of new health facilities, a comprehensive service center, and a vegetable processing plant in the greenhouse area, noting that construction is approximately 50% complete. He remarked, "Seeing the modern hospital, multifunctional service center, and specialized vegetable processing plant being built to enhance the health and cultural life of local residents is truly heartwarming. Once completed, the Wihwa area will serve as a model and standard for a new era of local development." Kim has shown deep interest in the site, visiting it five times last year, including for the groundbreaking ceremony. He also made three visits this year, including attending the completion ceremony in February. North Korea has promoted the construction of this large greenhouse farm, which is 1.5 times the size of Yeouido (2.9 square kilometers), as a representative example of its 'people-centered' and local development policies following significant flooding in the Sinuiju Wihwa area in the summer of 2024. Yang Moo-jin, a professor at the University of North Korean Studies, stated, "The development of Wihwa is intended to standardize local transformation in line with the new era, and Wihwa can be seen as a foothold for North Korea-China cooperation due to its border location with China."* This article has been translated by AI. 2026-06-01 08:51:00

Seoul Semiconductor's HV Optoelectronics Adopted by Four Global Automakers Seoul Semiconductor is expanding its presence in the automotive semiconductor market with its self-developed HV optoelectronics technology. Four major global automakers in the U.S., Europe, and Asia have begun mass production using this technology, with plans to increase the number of applicable models to ten by the end of the year. According to industry sources, Seoul Semiconductor's HV optoelectronics technology enables high-voltage operation of 12V or more from a single chip, unlike the traditional 3V LED method. This technology combines miniaturized optoelectronic chips with high-voltage driver technology, focusing on reducing the number of automotive electronic components and power loss. The company states that applying this technology can reduce the number of driver-related components used in hybrid and electric vehicles by over 10% and lower power consumption by about 10%. It is also estimated that driver costs can be reduced by approximately 20% compared to traditional 3V LEDs. The key to this technology is the application of a multi-P-N junction structure on a single chip. Traditional LEDs require a significant voltage conversion from the vehicle's high-voltage battery to a lower voltage, while HV optoelectronics reduce the voltage conversion range, alleviating circuit design burdens and heat issues. As demand for lighting in electric and hybrid vehicles increases, industry experts are reassessing automotive LEDs from simple lighting components to critical parts that influence electronic efficiency. Seoul Semiconductor plans to expand its global customer base for its HV optoelectronics chips, backed by hundreds of patents related to the technology and over 50 patents for driver components. The company aims to enter the ranks of the top 10 global automotive manufacturers by the end of the year. The growth of the electric vehicle market is also driving demand for automotive optoelectronics. According to the International Energy Agency, electric vehicles are expected to account for one in four new car sales globally by 2025. As electrification and advanced vehicle functionalities progress simultaneously, the range of optoelectronics used in each vehicle is also expanding. Matthew Pras, Chief Operating Officer of Seoul Semiconductor North America, stated, "Global electric vehicle sales are rapidly increasing, and the amount spent on optoelectronics per vehicle will also rise. We will focus on increasing the share of our automotive division centered around HV optoelectronics."* This article has been translated by AI. 2026-06-01 08:51:00

Joo Su-bin Falls Short of Victory, Ties for 4th at ShopRite LPGA Joo Su-bin could not maintain her four-stroke lead at the ShopRite LPGA, ultimately missing her first victory on the LPGA Tour. On June 1, in the final round of the tournament held at the Bay Course of Sea View Hotel & Golf Club in Galloway, New Jersey, Joo recorded three birdies but also had one double bogey and three bogeys, finishing with a two-over par. With a total score of six-under 207, Joo relinquished the lead to Celine Boutier of France, who surged ahead with a five-under par on the final day, finishing at nine-under 204. Joo ended the tournament tied for fourth place. Since debuting on the LPGA Tour in 2023, Joo achieved her personal best finish in this tournament, although her quest for a first title will have to wait. Her previous best was a tie for sixth place in this same event last year. During the round, Joo exchanged two birdies and two bogeys on the front nine. However, she stumbled on the 14th hole (par 4) with consecutive shot errors, resulting in a double bogey that cost her two strokes and diminished her chances of winning. She lost another stroke on the 16th hole (par 4) and was unable to close the gap with Boutier. Boutier's impressive performance included six birdies and just one bogey, allowing her to claim the victory and a prize of $300,000 (approximately 450 million won). This win marks Boutier's first trophy in two years and eight months since the Maybank Championship in October 2023, bringing her career total to seven victories. Isomi Lee, who was tied for second after the second round, also finished with a total score of six-under 207, tying for fourth place with Joo. This marks her third top-10 finish of the season. Jeon Ji-won secured sole eighth place with a score of five-under 208, marking her third top-10 finish in her career.* This article has been translated by AI. 2026-06-01 08:48:00

DS Investment Securities Projects EcoPro HN to Benefit from Semiconductor Investments, Sets Target Price at 45,000 Won DS Investment Securities announced on June 1 that it expects increased demand for greenhouse gas reduction solutions due to the expansion of semiconductor equipment investments. The firm has initiated a "buy" rating for EcoPro HN and set a target price of 45,000 won. Analyst An Joo-won stated, "The semiconductor investment cycle is aligning with the growth phase of cleanroom chemical filters and greenhouse gas reduction solutions. Notably, the growth potential of the highly profitable greenhouse gas reduction solutions is expected to be significant." He added, "Cleanroom chemical filters are essential consumables for improving semiconductor process yields, leading to stable replacement demand. Greenhouse gas reduction solutions are also becoming essential equipment due to the expansion of emissions trading systems and environmental, social, and governance (ESG) management practices." An further explained, "As new investments in domestic upstream industries gain momentum, we anticipate an increase in related orders starting this year. The acquisition of new clients will also expand based on large-scale greenhouse gas treatment technologies utilizing catalytic methods." He projected that this year, EcoPro HN's revenue will reach 191.4 billion won, with operating profit of 32.3 billion won, marking increases of 35.7% and 175.3%, respectively, compared to the previous year. He noted that the revenue growth rate for greenhouse gas reduction solutions is expected to exceed 60%, driving overall performance improvement.* This article has been translated by AI. 2026-06-01 08:45:00

Breast Cancer Treatment Costs Rise by 12% Over Four Years The financial burden of breast cancer treatment, the most common cancer among women in South Korea, has been steadily increasing. This is particularly concerning as breast cancer primarily affects women in their 30s to 50s, a key working age, and the expansion of advanced treatments such as targeted and immunotherapy has further heightened the perceived cost of medical care. On June 1, Samsung Fire & Marine analyzed breast cancer treatment cases and costs using its health information platform, 'Health DB.' The analysis revealed that insurance payouts for breast cancer treatment increased from 3.72 million won in 2021 to 4.17 million won in 2024, marking a 12.1% rise. This increase surpasses the growth rate of medical expenses covered by health insurance during the same period. According to the National Health Insurance Statistics, the annual medical cost per breast cancer patient rose from 5.03 million won in 2021 to 5.35 million won in 2024, a 6.4% increase. Since health insurance costs do not include out-of-pocket expenses, the actual financial burden on patients may be even greater. Data from the National Cancer Registration Statistics indicates that breast cancer is the most prevalent cancer among women in South Korea, with an average annual increase of 5.9% from 2020 to 2023. Notably, women in their 40s are particularly affected, with cases occurring approximately a decade earlier than in Western countries. The burden of non-reimbursable costs is also significant. The 2024 Health Insurance Patient Medical Expense Survey by the National Health Insurance Service found that the out-of-pocket expense rate for breast cancer patients was 24.1%, considerably higher than the average of 8.8% for the top 30 diseases with severe and high medical costs. The expansion of advanced treatments has led to an increase in high-cost cases. An analysis by Samsung Fire & Marine of breast cancer patients diagnosed between 2021 and 2022 found that about 1.2% of cases incurred direct treatment costs exceeding 50 million won. All of these patients received either targeted or immunotherapy. Among all breast cancer chemotherapy patients, the proportion receiving targeted and immunotherapy has steadily increased over the past five years, reaching 56.2% in 2025. In some instances, treatment costs have even reached 100 million won. Samsung Fire & Marine emphasized the importance of early screening for breast cancer, not only for improving treatment outcomes but also for managing economic burdens. Their previous analysis indicated that patients whose treatment concluded within one year incurred an average medical cost of 7.51 million won, while those whose treatment extended beyond one year faced an average cost of 23.8 million won.* This article has been translated by AI. 2026-06-01 08:42:00

Jeon Ji-hyun and Koo Kyo-hwan's 'Gunchae' Tops Weekend Box Office, Surpasses 3 Million Viewers 'Gunchae' has maintained its position at the top of the weekend box office for two consecutive weeks. According to the Korean Film Council's integrated ticketing system, 'Gunchae' attracted 971,020 viewers from May 29 to 31, securing the top spot at the weekend box office. This marks the film's 11th consecutive day at number one since its release. The film surpassed 3 million cumulative viewers just 10 days after its release on May 30, exceeding its break-even point. It has achieved the fastest milestones for 1 million, 2 million, and 3 million viewers among films released this year, continuing to draw audiences in its second week. 'Gunchae' tells the story of survivors trapped in a building due to an unidentified infection outbreak, facing off against infected individuals who evolve in unpredictable ways. Directed by Yeon Sang-ho, the film stars Jeon Ji-hyun, Koo Kyo-hwan, Ji Chang-wook, Shin Hyun-bin, Kim Shin-rok, and Go Soo. In second place was 'Backroom,' which attracted 303,264 viewers during the same period, bringing its cumulative total to 391,129. Released on May 27, the film follows Clark and Mary as they encounter inexplicable events in a bizarre space characterized by yellow walls and endless fluorescent lights. 'Backroom' expands an internet-based horror universe into a feature film. Its unique premise, along with involvement from A24 and James Wan's Atomic Monster, as well as visual direction by director Kane Parsons, has garnered early interest from audiences. The film 'Michael' followed closely, drawing 136,682 viewers during the same period, with a cumulative total of 1,394,934. 'Michael' chronicles the journey of Michael Jackson, who captivated the world with his innate musical talent and became the 'King of Pop.' As the last weekend of May concluded, 'Gunchae' held its lead after surpassing its break-even point, while the new release 'Backroom' quickly attracted audiences, establishing itself as a successful foreign film. 'Michael' also maintained a strong position with nearly 1.4 million cumulative viewers.* This article has been translated by AI. 2026-06-01 08:42:00

Rare Edvard Munch Artwork Now Available for Viewing on Samsung TVs Samsung Electronics has partnered with Norway's Munch Museum to showcase 37 works by the expressionist master Edvard Munch on the Samsung Art Store. According to Samsung Electronics, the Munch Museum collection includes iconic pieces such as 'The Scream,' 'The Garden with Trees,' and 'Two People at the Table,' featuring many rare and previously unreleased works that are not easily accessible to the public. Some of these pieces have been restricted from public display at the museum in Norway due to concerns about preservation. The Samsung Art Store allows users to enjoy Munch's works in high definition through various art TV models, including 'The Frame Pro,' 'The Frame,' 'Micro RGB,' Neo QLED, and OLED. Samsung has expanded its art offerings through collaborations with renowned institutions like the Metropolitan Museum of Art and the Museum of Modern Art (MoMA) in New York, providing around 5,000 artworks in the Art Store to enhance everyday art appreciation. Through partnerships with major art institutions worldwide, Samsung has secured works from over 800 artists, establishing itself as the largest art platform in the industry. Tommy Nielsen, director of Samsung Electronics Sweden, stated, "The Samsung Art Store helps more people encounter art naturally in their daily lives. We hope you enjoy the Munch Museum collection vividly from your home." Tone Hansen, director of the Munch Museum, emphasized, "This collaboration provides an exciting and meaningful opportunity to present Edvard Munch's intimate artistic world to a broader audience beyond the physical limitations of the museum."* This article has been translated by AI. 2026-06-01 08:42:00

NVIDIA's Anticipated Visit Boosts Expectations for LG and Semiconductor Stocks Last week, the New York Stock Exchange reached new all-time highs again, buoyed by ongoing optimism over peace negotiations between the U.S. and Iran, as well as a surge in stocks benefiting from increased investment in artificial intelligence (AI). However, geopolitical risks remain, as President Donald Trump has withheld final approval of the agreement. In South Korea, the stock market is expected to experience volatility in early trading due to profit-taking pressures and expectations surrounding AI momentum, following a record high in the previous session. Notably, pre-market trading showed a significant rise in LG Group stocks, stimulating investor sentiment. According to the financial investment industry, on May 29 (local time), the Dow Jones Industrial Average closed at 50,032.46, up 363.49 points (0.72%). The S&P 500 rose by 16.43 points (0.22%) to finish at 7,580.06, while the tech-heavy Nasdaq Composite gained 55.15 points (0.20%) to close at 26,972.62. All three major indices set new records, driven by strong performances in AI-related stocks, alongside positive earnings expectations for software companies like Microsoft and Oracle. In contrast, the Russell 2000 index, which focuses on small-cap stocks, fell by 0.59%. Market analysts attribute the stock market's rise to optimism surrounding the U.S.-Iran peace negotiations. President Trump indicated via social media that he would make a final decision regarding the peace talks and mentioned the potential lifting of the blockade in the Strait of Hormuz. As a result, international oil prices declined, with West Texas Intermediate (WTI) crude oil falling by 1.73% to $87.36 per barrel, and Brent crude dropping by 1.70% to $91.12. However, it is important to note that the negotiations have not yet reached a final agreement. Reports over the weekend indicated that President Trump had postponed approval of the memorandum of understanding (MOU) draft and sent a revised proposal to Iran, which has also been preparing its own amendments. Analysts suggest that fluctuations in oil prices and interest rates may have a more significant impact on the market than the geopolitical situation itself. U.S. Treasury yields fell, with the yield on the 10-year note dropping to 4.4355%, down 1.2 basis points, while the 2-year yield fell to 4.0041%, down 1.6 basis points. The dollar index also decreased by 0.08% to 98.942. However, the won-dollar exchange rate was expected to open slightly higher at 1,506.64 won in the offshore non-deliverable forward (NDF) market. In South Korea, the stock market may be influenced by both AI-related momentum and profit-taking desires. On May 29, the KOSPI closed at 8,476.15, up 290.86 points (3.55%), marking a record high. Given the recent rapid rise, concerns about profit-taking are growing, particularly with the upcoming visit of Jensen Huang, CEO of NVIDIA, which could serve as an additional catalyst for further gains. In pre-market trading, LG Group stocks showed strong performance, with some LG affiliates, including LG Electronics, rising over 10% between 8:00 and 8:50 a.m. This surge is attributed to expectations that CEO Huang will discuss collaboration in the AI sector with LG Group. The market is particularly focused on potential synergies in AI servers, robotics, and automotive sectors. This week, the anticipated earnings report from Broadcom and CEO Huang's visit are also seen as key factors for domestic semiconductor and AI-related stocks. Han Ji-young, a researcher at Kiwoom Securities, noted, "Broadcom's earnings will be an event linked to the sustainability of the AI infrastructure investment cycle," adding that Huang's visit could stimulate expectations for collaboration with major groups like Samsung, SK, and LG. However, analysts are cautious about the potential for increased volatility following the KOSPI's rapid rise. One researcher commented, "The symbolic significance of the KOSPI nearly doubling since the beginning of the year may trigger short-term profit-taking desires," and warned that fluctuations in growth stocks could increase depending on U.S. employment data, manufacturing indicators, and interest rate trends this week. Today, the South Korean stock market may find support from the optimism surrounding AI investments from the U.S. and the strong performance of LG Group stocks in pre-market trading. Conversely, uncertainties related to U.S.-Iran negotiations, exchange rate pressures, and profit-taking from recent gains could limit upward movement. The market is expected to be influenced by the supply and demand dynamics of large-cap semiconductor and AI-related stocks, which will likely determine the KOSPI's direction.* This article has been translated by AI. 2026-06-01 08:39:00

Oil Prices Rebound Amid Stalled U.S.-Iran War Negotiations As negotiations surrounding the end of the Iran war remain stalled, international oil prices began the week on a rebound. According to Bloomberg, as of 8:30 a.m. KST, West Texas Intermediate (WTI) crude futures rose by 2.45% ($2.14) to $89.50 per barrel, while Brent crude futures increased by 2.10% ($1.91) to $93.03 per barrel. Oil prices had plummeted nearly 20% in May amid expectations that the U.S.-Iran conflict could soon conclude, but renewed geopolitical uncertainties and stalled negotiations have led to a rebound. This trend reflects the lack of a definitive agreement regarding the cessation of hostilities between the U.S. and Iran. The New York Times reported that President Donald Trump has intensified the conditions for a potential agreement. In a Fox News interview the previous day, President Trump stated that he would not rush into a deal with Iran, asserting, "Slowly but surely, I believe we are getting what we want. If we do not get what we want, we will end it another way." Reports also emerged that the U.S. Navy targeted a commercial vessel attempting to evade an Iranian port blockade, according to the Associated Press. Experts have cautioned that the recent decline in oil prices was overly reliant on optimistic forecasts. Stephen Innes, managing partner at SPI Asset Management, noted in a report, "The market is acting as if the U.S.-Iran war is winding down and that the oil market will soon return to normal. While the war may be approaching its final phase, physical energy systems do not recover as quickly as financial markets." U.S. stock index futures are also showing slight gains. At the same time, Dow Jones Industrial Average futures rose by 5.90 points (0.01%) to 51,038.60. S&P 500 futures increased by 10.80 points (0.14%) to 7,590.90, while Nasdaq 100 futures climbed by 68.40 points (0.23%) to 30,401.60. This performance is attributed to strong expectations surrounding artificial intelligence (AI), which have buoyed semiconductor and related stocks, despite ongoing uncertainties in the Middle East.* This article has been translated by AI. 2026-06-01 08:39:00

Real Estate Tax Evasion Reporting Center Receives 780 Reports in Five Months The National Tax Service's Real Estate Tax Evasion Reporting Center has received 780 reports since its opening five months ago. More than 80% of these reports are concentrated in the capital region, reflecting the overheating of the real estate market in that area.According to data submitted by Rep. Cha Kyu-geun of the Justice Innovation Party to the National Assembly's Finance and Economy Planning Committee, the reporting center has recorded a total of 780 reports from its opening on October 31 last year through March of this year.The monthly breakdown shows 136 reports in November, 129 in December, 291 in January, 98 in February, and 126 in March. Notably, January accounted for 37% of the total reports, marking a 2.3-fold increase from the previous month.The concentration of reports in the capital region is significant. The Seoul Regional Tax Office, the Central Regional Tax Office, and the Incheon Regional Tax Office collectively received 633 reports, representing 81% of the total. In contrast, the non-capital regions, including Daejeon, Gwangju, Daegu, and Busan, accounted for only 147 reports.In January alone, the capital region saw 270 reports, making up 93% of the total, while non-capital regions had just 21 reports. By regional offices, the Seoul office increased from 53 reports in December to 125 in January, while the Incheon office surged from 17 to 102 reports, a sixfold increase. The Central office also rose from 15 to 43 reports, indicating a sharp rise in reporting across the capital region.Rep. Cha stated, "The fact that 780 reports have been received within five months of the center's opening indicates a strong public willingness to monitor real estate tax evasion. The National Tax Service must promptly and rigorously verify the reports to ensure they lead to actual tax recovery."He added, "I will closely examine follow-up measures in the National Assembly to ensure that these reports do not merely remain as submissions but lead to the realization of substantive tax justice."* This article has been translated by AI. 2026-06-01 08:36:00