China confirms Trump's visit to Beijing later this week SEOUL, May 11 (AJP) - U.S. President Donald Trump will make a state visit to China this week at the invitation of Chinese President Xi Jinping, the country's Foreign Ministry said on Monday. The announcement came a day after the White House said Trump is scheduled to arrive in Beijing on Wednesday ahead of a summit with Xi Jinping the following day. His trip will mark the first visit to China by a U.S. president in nearly a decade. The last such visit was also made by Trump during his first term in 2017. The leaders of the world's two largest economies are expected to discuss a range of issues, including efforts to stabilize energy supplies and reopen the Strait of Hormuz amid the prolonged conflict in the Middle East. Trade and tariffs are among the key topics in their talks after the two countries clashed last year over steep tariffs, semiconductor technology, and restrictions on rare earth exports. It remains to be seen whether the two sides will be able to mend ties and resolve their disputes. North Korea's nuclear program is not officially on the agenda, but it is expected to come up during the talks, with Trump likely to seek cooperation from Xi on the issue. Although the White House said there are no plans for a meeting between Trump and North Korean leader Kim Jong-un, the possibility of an impromptu encounter has not been completely ruled out. Meanwhile, Trump will visit Temple of Heaven, a UNESCO World Heritage site in Beijing, together with Xi on Thursday and is also scheduled to attend a bilateral tea meeting and a working lunch with Xi on the final day of his visit, according to the White House. 2026-05-11 16:14:15

Seoul to Decide on New Bank Custodian for $51 Billion Budget On May 12, Seoul will select a new custodian bank to manage its annual budget of 51 trillion won. A fierce competition is expected as Shinhan Bank seeks to retain its position while Woori Bank aims to reclaim it after four years. Despite the inevitable burden of high interest rates and contribution funds, the stakes are high due to the symbolic and ancillary benefits associated with the role.According to financial industry sources and the Seoul city government, the city will hold a custodian bank selection committee on May 12 to evaluate proposals and presentations from the bidding banks.On that day, the committee will assess the proposals and presentations from each bank, ultimately selecting the top-scoring institutions for the primary and secondary custodian roles. The chosen bank will manage Seoul's funds from next year through 2030.Four banks submitted proposals by the May 6 deadline: Shinhan, Woori, KB Kookmin, and Hana Bank. Shinhan and Woori both bid for the primary and secondary custodian roles, while Kookmin and Hana only participated in the secondary custodian bidding.The primary custodian is responsible for managing the general and special accounts, while the secondary custodian oversees fund management. Of this year's budget of 51.4778 trillion won, approximately 47 trillion won is allocated to the primary custodian. Thus, the bank selected as the primary custodian effectively secures the custodian status for Seoul.Shinhan and Woori have previously competed for the primary custodian role in 2018 and 2022. Woori Bank has managed the Seoul city custodian role for over a century since the days of the Gyeongseong City Custodian in 1915, but lost the position to Shinhan Bank in 2018. Shinhan retained the primary custodian role in 2022 and also secured the secondary custodian position.Woori aims to reclaim the Seoul city custodian role in this bidding. Since the second half of last year, the bank has formed a task force to develop strategies for evaluation criteria and prepare its proposal. Woori plans to highlight its extensive experience in revenue and expenditure management accumulated over more than a century of custodianship, as well as its current management of 14 out of 25 district custodians in Seoul.Shinhan Bank emphasizes continuity and stability. Having operated the primary custodian role for the past eight years and integrated the secondary custodian management since 2022, Shinhan has established a robust IT system and settlement framework, ensuring continuity. Collaborative projects with the city, such as the public delivery app 'Ddaengyeo' and support for local merchants and the Seoul Plaza ice rink, are also seen as strengths.Industry insiders identify interest rates as a key factor in the custodian selection process. Given that there is little differentiation in management capabilities, creditworthiness, and financial stability among the banks, interest rates are expected to play a decisive role.In fact, the city has raised the scoring for interest rates on demand deposit accounts from 6 points to 8 points in this selection process. This change is interpreted as an effort to encourage competition among banks to offer higher rates. The interest rate for the Seoul city custodian is calculated by adding a bank-specific premium to the base rate, which remains fixed during the contract period, significantly affecting profitability.Contribution funds are also a critical factor that could influence the outcome. In the 2018 primary custodian bidding, Shinhan Bank proposed a contribution of around 300 billion won, and in the 2022 re-bidding, it was reported to have offered approximately 260 billion won.A financial industry source noted, "While there are various evaluation criteria, the actual competition will hinge on the contribution funds and interest rates. Although there are cost burdens, the potential for securing a large funding base and the associated brand benefits are significant, prompting banks to actively pursue this opportunity."* This article has been translated by AI. 2026-05-11 16:09:59

Vietnam U17 Football Team Suffers Late Collapse Against South Korea, Focus Shifts to UAE Match The Vietnam U17 football team missed a chance to secure their spot in the U17 World Cup after a late-game collapse against South Korea. Despite taking an early lead, Vietnam conceded four goals in the final minutes, leaving their chances of advancing to the quarterfinals and securing a World Cup berth dependent on their final match against the United Arab Emirates (UAE). According to Vietnamese media including Nhân Dân, Vietnam, led by coach Cristiano Rolando, fell 1-4 to South Korea in their second match of Group C at the 2026 AFC U17 Championship on May 11. Vietnam opened the scoring in the 33rd minute when Le Si Park broke through the offside trap to score with a diagonal shot after receiving a pass from Dao Quy Vuong. Throughout the first half, Vietnam effectively pressured South Korea and executed quick attacks from the flanks. However, in the second half, South Korea intensified their offensive efforts, gradually shifting the momentum in their favor. In the 83rd minute, An Seon-hyun equalized with a low, powerful shot from a free kick just inside the 17-meter mark, completely turning the tide of the match. Following the equalizer, Vietnam visibly struggled. Just two minutes later, they allowed Nam Ian to score again due to a lapse in defensive concentration. In the 88th minute, An Ju-wan scored from long range, and in stoppage time, Kim Ji-woo added a fourth goal, finalizing the score at 1-4. This defeat means Vietnam cannot secure an early qualification for the World Cup. They will face UAE in their final match on May 14 at midnight local time. A victory in this match would significantly enhance their chances of reaching the quarterfinals and qualifying for the 2026 U17 World Cup in Qatar. Teams that reach the quarterfinals will automatically secure a World Cup ticket. The Vietnam Football Federation (VFF) stated on their official website shortly after the match, "Following the comeback loss to South Korea, the U17 Vietnam team must put in greater effort in their final match against UAE." The federation added, "U17 Vietnam has not yet secured a World Cup ticket. With one match remaining, we will continue our challenge toward the global stage." The VFF's official fan page reported that after the match, VFF President Tran Quoc Tuan and coach Cristiano Rolando personally visited the locker room to encourage the players. "Although we did not achieve the desired result, this match will serve as a valuable lesson for our young players to grow and gain international experience," they stated. They concluded with a message of support: "Failure is part of football. What matters is to become stronger from that failure. There is still one game left. Let's keep moving forward, young warriors of Vietnam!" In related news, the draw for the 2027 Saudi Arabia Asian Cup placed Vietnam in Group E alongside South Korea, UAE, and the winner of the Lebanon-Yemen match. This means Vietnam will face South Korea again next year at the national team level. Historically, Vietnam has faced South Korea seven times, with a record of one win and six losses, scoring two goals and conceding 23. Their only victory came in the 2004 Asian Cup qualifiers with a 1-0 win thanks to a goal from Pham Van Quyen, while their most recent encounter ended in a 0-6 defeat in an October 2023 friendly. After the match, Kim Sang-sik, the head coach of the Vietnam national team, expressed, "As a professional coach, I focus 100% on football. If we prepare well, we can compete on equal terms with South Korea and even surpass them." Kim has over 30 years of experience in football and previously managed Jeonbuk Hyundai in the K League from 2021 to 2023. He also led U23 Vietnam to a surprising victory over U23 South Korea in the third-place match of the 2026 U23 Asian Championship.* This article has been translated by AI. 2026-05-11 16:08:09

Household Loans Decline as Major Banks Tighten Lending Practices Household loans from major banks have seen an unprecedented decline as financial authorities tighten their management policies. While the growth rate of loans has slowed, concerns are rising that access to funds for genuine borrowers and those with lower credit ratings may be restricted. On May 11, data received by Lee In-young, a member of the National Assembly from the Democratic Party, from the Financial Supervisory Service revealed that KB Kookmin Bank's loan performance at the end of the first quarter was recorded at -178.0% compared to its annual loan growth target (excluding policy-based products). KB Kookmin Bank had set a household loan growth target of 909.2 billion won for this year, but instead saw a decrease of 1.6143 trillion won. The bank exceeded its loan target last year, resulting in penalties this year. Other banks are experiencing similar situations. NH Nonghyup Bank had a growth target of 870 billion won but reported a decrease of 1.3551 trillion won (-156.0%) by the end of the first quarter. Shinhan Bank, aiming for a target of 850 billion won, saw a reduction of 1.5896 trillion won (-187.0%). Hana Bank and Woori Bank reported decreases of 1.5402 trillion won and 344.7 billion won, respectively, marking -175.0% and -41.7% against their targets. Banks appear to have adopted a conservative approach to lending until the total household loan management targets were finalized in April. The overall household loan growth target for this year is set at 1.5%, lower than last year's 1.7%. The five major banks are required to adhere to stricter management, limiting their growth rate to around 1%. Additionally, authorities have established separate management targets for mortgage loans this year, setting ratios based on each bank's past performance in this area. With the introduction of monthly and quarterly management systems, banks are now required to adjust their lending speeds regularly. Ongoing real estate loan regulations have also contributed to the overall reduction in loan amounts. Internet-only banks have generally followed a conservative trend as well. K-Bank has a target of 667.3 billion won but reported a decrease of 223.7 billion won (-33.5%) in the first quarter, while Toss Bank executed only 370 million won out of its 550.2 billion won target (7.0%). However, the ongoing conservative lending stance in the financial sector raises concerns that genuine borrowers, particularly those with lower credit ratings, may face diminished opportunities for loans. Lee In-young cautioned, "If banks focus solely on total management targets and raise their thresholds uniformly, the burden will inevitably fall on lower-credit borrowers and those in need of loans for living expenses." 2026-05-11 15:57:09

U.S.-China Summit Set for May 14, Trump to Pressure Xi on Iran Issues Amid stalled peace negotiations between the U.S. and Iran, President Donald Trump is expected to pressure Chinese President Xi Jinping for cooperation on Iran issues during their upcoming summit on May 14. According to a briefing by a U.S. official reported by the Financial Times on May 10, Trump is anticipated to exert pressure regarding China's support for Iran and Russia. The official stated, "The President is expected to apply pressure on this matter," adding that discussions will likely revisit China's involvement in supporting Iran and Russia. The official also noted, "Various sanctions have been issued by the U.S. in recent days, and I am confident they will be part of the conversation," which includes issues related to dual-use components and potential arms exports. Last Friday, the U.S. State Department imposed sanctions on three Chinese satellite companies for allegedly providing satellite imagery and other services that aided Iranian military attacks targeting U.S. forces in the Middle East. Additionally, the U.S. Treasury sanctioned Yushita Shanghai International Trade for assisting Iran in importing portable air defense missile systems, known as MANPADS. However, the Council on Foreign Relations (CFR), a U.S. think tank, predicts that China may have greater negotiating power than the U.S. during this summit, given that the conflict between the U.S. and Iran remains unresolved. The White House and the Chinese Foreign Ministry announced that Trump will make a state visit to China from May 13 to 15 at Xi's invitation. Trump is scheduled to arrive in China on May 13 and hold talks with Xi on May 14. Following their meeting, the two leaders will visit Beijing's Temple of Heaven Park and attend a state dinner that evening. Trump will return to the U.S. after a working lunch on May 15. Meanwhile, while the U.S. and Iran continue behind-the-scenes discussions regarding a peace agreement, negotiations are facing difficulties due to significant differences over key issues such as Iran's nuclear program and the reopening of the Strait of Hormuz. Earlier, Trump expressed his dissatisfaction with Iran's response to a peace proposal sent over the weekend via social media platform Truth Social, stating, "I just read the response from Iran's so-called 'representatives.' I do not like it. It is completely unacceptable." CNN reported that Iran's response included demands for recognition of its sovereignty over the Strait of Hormuz and compensation for war damages, citing Iranian state media IRIB. Iran has also reacted to Trump's rejection of its proposal. According to TASS, a source stated, "No one in Iran writes proposals to please Trump," emphasizing that the Iranian negotiating team bases its plans solely on the 'rights of the Iranian people.' The source added that if Trump is not satisfied with Iran's proposal, "then that is certainly for the better." As peace negotiations struggle, Trump is also escalating military pressure on Iran. In an interview with the U.S. news program 'Full Measure,' he stated, "We could go in and attack all targets in Iran in two weeks." He continued, "We had specific targets we wanted, and we have completed about 70% of them. However, there are other targets we could attack." He added, "Even if we do not do that, it is just cleanup work, and it will take them years to rebuild." Trump's comments came in response to a question about whether combat operations could be considered over. He clarified, "No, I did not say that. I said they have been defeated, but that does not mean it is over." 2026-05-11 15:48:28

Kurly posts record Q1 as Coupang stumbles SEOUL, May 11 (AJP) - South Korean online grocer Kurly logged its strongest-ever quarterly earnings in the first three months of 2026, riding a wave of consumer migration away from market leader Coupang as the country's e-commerce hierarchy shows fresh signs of strain. According to regulatory filings released Monday, operating profit jumped to 24.2 billion won ($16.4 million) in the first quarter, a 1,277 percent skyrocketing surge from a year earlier and 1.9 times the company's full-year 2025 operating income. Revenue climbed 28.4 percent on-year to 745.7 billion won, while net income swung to a 20.3 billion won profit. Kurly credited gains in its core fresh-food and beauty categories, alongside its midnight Saetbyeol delivery service launched in February and refined operations at its Gimpo, Pyeongtaek and Changwon logistics centers. The fresh-food segment grew 27.8 percent on-year by transaction value, while beauty expanded 20.2 percent. Kurly N Mart, a grocery storefront the company operates within Naver Plus Store, saw March transactions multiply roughly ninefold from September last year. "Steady efforts in merchandising, logistics and technology have differentiated the customer experience, and our diversification push for new growth engines is bearing fruit from the first quarter," said Kim Jong-hoon, chief financial officer at Kurly. " Having demonstrated both growth and profitability, we plan to firm up and accelerate our IPO roadmap." Kurly's breakout quarter coincides with a sharp reversal for archrival Coupang. The Nasdaq-listed market leader posted a $266 million net loss in the first quarter, swinging from a $107 million profit a year earlier, with adjusted EBITDA collapsing to $29 million from $382 million. Coupang attributed the slump to vouchers issued and network inefficiencies tied to a late-2025 customer-data breach that triggered elevated churn. That fallout has reshuffled the competitive map. Naver Plus Store, the search giant's shopping platform, drew 8.39 million monthly active users in April, overtaking AliExpress to become the country's third-largest general shopping app, according to WiseApp Retail. Naver delivered record first-quarter operating profit of 541.8 billion won as commission revenue absorbed so-called "Coupang defectors," while other players such as Gmarket and 11Street continued to shed users. 2026-05-11 15:46:08

South Korea's Renewable Energy Goals Face Challenges Amid Infrastructure Concerns South Korea's renewable energy transition policy has faced setbacks over the past two decades, marked by unmet targets, shifts in policy direction, and insufficient investment in the power grid, according to a national research institute. Concerns have been raised that the government's goal of achieving 100 gigawatts (GW) of renewable energy capacity by 2030 may be unrealistic without concurrent improvements in infrastructure and regulatory frameworks.On May 11, the National Assembly Future Research Institute released a report titled "Evaluation of Domestic Renewable Energy-Centric Energy Transition Policy and Recommendations for Basic Planning."The institute noted that renewable energy has evolved from a supplementary power source to a critical infrastructure influencing energy security and industrial competitiveness worldwide. According to the International Energy Agency (IEA), renewable energy is expected to account for 36% of global power generation this year, surpassing coal's share of 32% for the first time.The European Union's Carbon Border Adjustment Mechanism (CBAM) and the increasing participation of global companies in the RE100 initiative (committing to 100% renewable energy) have made the ability to procure renewable energy a key factor in export competitiveness.The South Korean government has also positioned renewable energy as a core national policy objective, promoting "industry growth-oriented carbon neutrality" and aiming to establish 100 GW of renewable energy capacity and an energy highway by 2030.However, fears persist that past policy inconsistencies may recur. Since 2001, most basic plans for renewable energy have failed to meet their targets, and policy directions have shifted dramatically with each change in administration, leading to increased market uncertainty.Since the inauguration of President Yoon Suk Yeol, the previous nuclear phase-out policy has been abandoned, and the energy mix has shifted to prioritize nuclear power. The 10th Basic Plan for Power Supply and Demand has reduced the target for renewable energy's share of generation from 30.2% to 21.6%, while increasing the nuclear share to 32.4%.As a result of these policy shifts, the expansion of renewable energy in South Korea remains limited. The share of renewable energy generation increased from 4.8% in 2016 to 10.5% in 2024, yet it still ranks among the lowest in the Organisation for Economic Co-operation and Development (OECD), significantly trailing the global average of approximately 30%.The concentration of renewable energy facilities in regions like Honam and Jeju has created a structural mismatch with the power demand centered in the metropolitan area. The lack of transmission network expansion has exacerbated issues related to grid connection delays and output control.Jeong Hoon, a researcher at the National Assembly Future Research Institute, stated, "Past basic plans have been implemented with a top-down approach that sets targets based on political goals without analyzing technical and economic potential." He noted that the shifting metrics for generation share, primary energy share, and final energy share have made it difficult to continuously compare and verify policy outcomes.He further emphasized that achieving the 2030 goal of 100 GW of renewable energy capacity will require the installation of 10 to 12 GW of new capacity annually starting in 2026, while the current annual installation rate is only about 4 GW.Therefore, the forthcoming "First Basic Plan for Renewable Energy Technology Development, Utilization, and Dissemination" should include not only simple installation targets but also plans for the power grid and system infrastructure. Jeong stressed the need for strategies that reflect regional grid conditions and plans for securing flexible resources such as energy storage systems (ESS), pumped storage, and virtual power plants (VPP).Industry experts have also pointed out that merely increasing the pace of renewable energy expansion is insufficient. An anonymous industry source warned, "If we only expand capacity without restructuring the electricity market and investing in the transmission network, we are likely to face repeated issues with output control and connection delays," urging that renewable energy expansion policies and grid investment plans must be pursued in tandem.* This article has been translated by AI. 2026-05-11 15:42:29

UAE Naphtha Shipment Arrives at Yeosu Port, Boosting Petrochemical Production "Ships carrying naphtha from around the world are arriving one after another. It's a sight we haven't seen in nearly a decade," said a worker at the Yeosu-Gwangyang port. On May 11, the petrochemical and shipping industries reported that major domestic petrochemical companies, which had reduced their operating rates to around 50% in March and April due to a shortage of Middle Eastern naphtha, are now ramping up production after securing alternative supplies from the U.S., Algeria, and Oman. On the afternoon of May 11, the Navigait McAllister, which escaped the Strait of Hormuz with 60,000 tons of naphtha from the United Arab Emirates after the blockade was briefly lifted on April 18, arrived at Yeosu-Gwangyang port. About 40,000 tons are expected to be supplied to Yeocheon NCC, a joint venture between Hanwha Solutions and DL Chemical, while approximately 20,000 tons will go to GS Caltex. GS Caltex operates a mixed feedstock cracking facility (MFC) that refines basic petrochemical components from crude oil instead of naphtha, but experts say a certain amount of light naphtha is still needed to enhance the efficiency of the basic component cracking process. Last weekend, 70,000 tons of naphtha from Algeria were delivered to Yeocheon NCC, and 57,000 tons of naphtha from Oman are currently being unloaded, with LG Chem, Lotte Chemical, and Yeocheon NCC sharing the supply. Additionally, about 160,000 tons of naphtha from the U.S. have reportedly already arrived at Yeosu-Gwangyang port. Notably, the naphtha from Oman is particularly significant as it was secured during a visit by Chief of Staff Kang Hoon-sik to Kazakhstan, Oman, Saudi Arabia, and Qatar in April as a special economic envoy. Industry insiders estimate that the naphtha arriving at Yeosu-Gwangyang port since last weekend could supply enough material for approximately 10 billion plastic bags, which is expected to alleviate the ongoing packaging crisis. The government's support measures have enabled petrochemical and refining companies to accelerate their efforts to secure alternative naphtha supplies. In March, the government announced plans to subsidize 50% of the increase in naphtha import prices for domestic petrochemical companies with naphtha cracking facilities (NCC) through a supplementary budget. On May 7, the Financial Services Commission proposed a financial support plan to stabilize naphtha supply and demand, which includes raising the limit on naphtha import letters of credit (L/C) to $300 million, set to take effect on May 18. By securing naphtha and crude oil, companies in the three major petrochemical complexes in Yeosu, Daesan, and Ulsan are working diligently to raise NCC operating rates and ensure a steady supply of domestic petrochemical products, including packaging materials and clothing. Yeocheon NCC has increased its NCC operating rate from a low of 55% to 65%, while Lotte Chemical has raised its Daesan NCC operating rate from the 70% range to 83%. LG Chem plans to boost the operating rates of its Daesan and Yeosu NCC (Plant 1) to 75% by the end of Q2, and Daehan Oil has adjusted its Ulsan NCC operating rate from 62% to 72%. The naphtha-ethylene spread, a key profitability indicator for the petrochemical sector, has stabilized above the breakeven point of $250, reaching between $300 and $350. Major petrochemical companies are expected to see significant improvements in their Q2 performance compared to Q1. The outlook for Q3 and Q4 is also positive, as the conflict in the Middle East has impacted petrochemical facilities in Kuwait and Qatar, and shortages of ethylene-based packaging materials are likely to persist not only in South Korea but also in China and Japan. An industry official stated, "This conflict has underscored the importance of naphtha and ethylene as strategic national resources, and the oversupply of basic petrochemical components will be partially resolved. The government's restructuring of the petrochemical industry should be reconsidered in light of the changing supply chain situation." 2026-05-11 15:38:34

SpaceX IPO Approaches as Space ETFs See Increased Trading but Poor Returns With the SpaceX initial public offering (IPO) just over a month away, major asset management firms in South Korea are seeing increased investments in aerospace exchange-traded funds (ETFs). However, most of these funds have recorded negative returns over the past month. According to the Korea Exchange on May 11, Samsung Asset Management's KODEX U.S. Aerospace ETF has seen a return of -5.64% over the past month, with trading volume reaching 53.7 billion won as of May 8. Hana Asset Management's 1Q U.S. Aerospace Tech ETF recorded a return of -0.19% and a trading volume of 10.7 billion won. ETFs launched last month have shown similar trends. Mirae Asset Management's TIGER U.S. Space Tech ETF, which was listed on April 14, has a return of -5.64% and a trading volume of 41.2 billion won. The ACE U.S. Space Tech Active ETF from Korea Investment Trust Management, which also launched on the same day, recorded a return of -0.63% and a trading volume of 30.5 billion won. Shinhan Asset Management's SOL U.S. Aerospace TOP10 ETF, listed on April 21, has a return of -8.78% and a trading volume of approximately 39.1 billion won. Despite the asset management industry expanding its lineup of space-related ETFs in response to the growing perception of the space industry as a next-generation growth theme, short-term performance has fallen short of expectations. This is attributed to profit-taking in technology stocks on the U.S. market and the inherent volatility of the aerospace industry, which is characterized by low visibility in earnings. Some ETFs have a high concentration of defense stocks, making them susceptible to geopolitical risks and interest rate fluctuations. An industry insider noted, "The space industry has significant long-term growth potential, but it is still largely driven by expectations. If major events like the SpaceX IPO materialize, the related ETF market could regain attention."* This article has been translated by AI. 2026-05-11 15:36:29

Kim Yong-nam Apologizes for Past Comments on Sewol Ferry Disaster Kim Yong-nam, the Democratic Party candidate for Pyeongtaek, acknowledged on May 11 that his past comments regarding the Sewol ferry disaster caused deep pain for the victims' families. In a post on Facebook, Kim stated, "I did not fully consider how much my remarks would hurt the families of the victims. I recognize that my words left an indelible scar on their hearts." In 2015, while a member of the Saenuri Party, he faced backlash for saying that the special investigation committee on the Sewol ferry was merely wasting taxpayer money. His rival in the Pyeongtaek race, Jo Guk, leader of the Justice Party, criticized Kim during a YTN radio interview, questioning why he has refused to apologize for his serious comments related to the Itaewon and Sewol tragedies. Additionally, Kim reflected on his involvement with Yoon Suk Yeol's campaign during the 2022 presidential election, saying, "My past connection with Yoon, stemming from our time as prosecutors over 20 years ago, clouded my judgment. The behavior exhibited by Yoon and his associates after taking power is completely unacceptable." He emphasized, "In light of the current insurrection situation, I have raised my voice firmly. My belief that 'this is clearly insurrection and Yoon must be punished and impeached as the insurrection leader' aligns with the views of the democratic progressive camp." Kim acknowledged that his role as a spokesperson for Yoon's campaign will remain a significant blemish on his life, but he vowed not to deny or erase it. He expressed his commitment to learning from his mistakes and dedicating the remainder of his political career to strengthening democracy alongside the public.* This article has been translated by AI. 2026-05-11 15:29:02