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President Yoon Suk Yeol Outlines New Foreign Policy Strategy During Italy Visit President Yoon Suk Yeol has declared that the current diplomatic strategy known as "Anmi-gyeongjung"—which emphasizes security cooperation with the United States and economic ties with China—has "lost its validity." He announced plans to pursue a new foreign policy centered on national interests. In an interview with the Italian daily Corriere della Sera during his state visit to Italy, Yoon stated, "I aim to develop a new approach based on national interests," emphasizing the need to strengthen economic cooperation with the U.S. while enhancing South Korea's self-defense capabilities in the security sector. Yoon remarked, "Expanding economic cooperation with the U.S. in the most technologically advanced sectors will further strengthen our industrial competitiveness." Regarding China, he acknowledged it as a key trading partner and an important player in supply chains, but he also noted, "It is undeniable that competition between the U.S. and China is intensifying," adding that "China's industrial competitiveness and technological capabilities continue to develop." This suggests a shift towards finding a new balance in the economy, aiming to reduce unilateral dependence on specific countries and adapt to the changing international landscape focused on advanced industries. In the security domain, Yoon reaffirmed the importance of the South Korea-U.S. alliance while stressing the need to enhance self-defense capabilities. He stated, "The alliance with the U.S. remains a fundamental pillar of South Korean diplomacy," but emphasized that the alliance must evolve to meet the new realities of our time and strengthen autonomous action capabilities. He explained that self-reliance means having the ability to take direct responsibility for one's own security without relying on allies, stating, "Such a country becomes a trustworthy partner from the U.S. perspective." Yoon highlighted that the South Korean government is pursuing policies to regain wartime operational control over its military and increase defense investments, which he noted aligns with U.S. interests. On the significance of his visit to Italy, Yoon said, "South Korea will strengthen cooperation with Europe in advanced manufacturing and strategic supply chains," calling Italy an ideal partner in future industries. He added, "In the context of complex crises such as the Ukraine war and conflicts in the Middle East, dialogue between South Korea and Europe, which share the values of multilateralism, is becoming increasingly important," expressing readiness for active cooperation with Italy. Additionally, Yoon reiterated the need for constitutional reform, stating, "The declaration of a state of emergency in 2024 was an event that plunged South Korea into crisis." He acknowledged that while citizens successfully neutralized the emergency, there is a lack of institutional tools to check arbitrary exercises of presidential power. He concluded, "We need to enact a constitution that reflects reality and establish institutional mechanisms to prevent arbitrary power exercises like illegal emergencies."* This article has been translated by AI. 2026-06-11 14:57:00 -
K-pop boy group CORTIS sells out North American presale for first tour SEOUL, June 11 (AJP) - Rookie K-pop boy group CORTIS has sold out all North American dates for its first tour, "PUT YOUR PHONE DOWN," during membership presales, the group's agency BigHit Music said Wednesday. CORTIS — an acronym for Color Outside the Lines — is a five-member boy group under Big Hit Music and Republic Records in the US, consisting of James, Juhoon, Martin, Seonghyeon, and Keonho debuted last year. Tickets for six North American shows, including stops in Toronto, New York, Los Angeles and San Francisco, sold out Monday, the first day of presales for fan club members. In response to demand, CORTIS added a second San Francisco show on Aug. 16. The tour will open with two shows at Inspire Arena in Incheon on July 18 and 19 before moving to North America in August. The added San Francisco date brings the tour to 14 shows across nine cities in South Korea, North America and Japan. CORTIS will also perform at Korea University's Hwajeong Gymnasium in Seoul on Aug. 22 and 23 to mark the first anniversary of its debut, before wrapping up at Pia Arena MM in Kanagawa, Japan, from Sept. 4 to 6. Ticketing for the Incheon, Seoul and Japan shows will be announced later. Separately, CORTIS is scheduled to perform at Lollapalooza Chicago from July 30 to Aug. 1. BigHit Music said the group will be the only K-pop boy group on this year's lineup. The sold-out presale comes as CORTIS continues promotions for its second EP, "GREENGREEN." The album's lead single, "REDRED," topped major Korean music charts including Melon and Bugs and has remained on Spotify's daily chart for 48 consecutive days, according to BigHit Music. The group's monthly listeners on Spotify reached a high of 12 million as of Thursday, with listeners in the United States making up the largest share. "GREENGREEN" also debuted at No. 3 on the Billboard 200 on May 23 and stayed on the chart for four consecutive weeks. CORTIS has also drawn attention for "ACAI," another track from the EP. The music video surpassed 10 million views on YouTube on Tuesday, 30 days after its release on the HYBE Labels channel. All five members took part in the song's creation, with Martin and Seonghyeon credited as producers. 2026-06-11 14:50:19 -
Anthropic Calls for AI Disaster Risk Legislation as SpaceX Sets IPO Price Anthropic Calls for AI Disaster Risk Legislation, Announces $200 Million Labor Research Investment On June 10, Anthropic unveiled two policy proposals aimed at addressing the labor market shocks and catastrophic risks posed by artificial intelligence. CEO Dario Amodei warned in a separate essay that AI could cause significantly greater disruptions to the labor market than previous technological innovations, with lasting effects. Anthropic urged that the government should have the legal authority to block or mitigate the deployment of AI models that pose deadly risks, advocating for regulations on par with those of the Federal Aviation Administration (FAA). The company identified four categories of catastrophic risks: biological risks, cyber risks, loss of control risks, and automated R&D risks, specifying that the regulations should apply to companies with a computational capacity exceeding 10^25 FLOPS, or annual AI revenues over $500 million, or R&D expenditures exceeding $1 billion. OpenAI Discovers Chinese-Linked Accounts Manipulating ChatGPT for Propaganda OpenAI reported that it has detected and blocked two clusters of accounts linked to China that were using ChatGPT to conduct propaganda targeting U.S. AI policy and tariff debates. The first campaign, dubbed 'Data Center Bandwagon,' produced social media posts and images claiming that the spread of AI data centers was raising electricity bills for American households. The second campaign, 'Tech and Tariffs,' generated critical content suggesting that the Trump administration's tariff policies were a means to maintain technological hegemony. OpenAI noted that while the campaigns did not gain significant traction online, this marks the first confirmed instance of Chinese-linked entities intervening in the AI data center debate. OpenAI Integrates with Oracle Cloud; Oracle Reports 21% Revenue Increase On June 11, OpenAI announced that Oracle Cloud customers can now access OpenAI models and Codex through Oracle Cloud agreements. Oracle reported a 21% year-over-year revenue increase, reaching $19.18 billion in its fourth-quarter earnings, and revealed plans for an additional $40 billion in funding for the 2027 fiscal year. SpaceX Sets IPO Price at $135, Igniting Race Among Top AI Companies SpaceX confirmed an IPO price of $135 per share on June 11. Trading will begin on June 12 under the Nasdaq ticker 'SPCX,' with the company aiming to raise approximately $75 billion, potentially valuing it at $1.77 trillion, surpassing Saudi Aramco's record IPO in 2019. Following its merger with xAI in February, SpaceX has positioned itself as an AI infrastructure company. This IPO has created an unprecedented scenario where Anthropic and OpenAI have also filed S-1 forms, leading to a simultaneous push for public offerings among the three major AI firms.* This article has been translated by AI. 2026-06-11 14:48:00 -
Election Commission Official Calls Voting Paper Shortage a Serious Mistake The National Election Commission (NEC) addressed allegations regarding the shortage of ballots during the June 3 local elections. On June 11, Wi Cheol-hwan, who has been acting as the NEC chair since the resignation of former chair Noh Tae-ak on June 8, issued a public statement detailing the causes of the ballot shortage and the decision to lower the printing standards for ballots. Wi expressed deep regret over the situation, stating, "I sincerely apologize for the shortage of ballots that infringed upon the public's voting rights," and attributed the issue to a failure to accurately predict voter demand by region, which led to an unsuccessful distribution of ballots across polling stations. He explained, "The printing rate for ballots was set at 50%, excluding early voting, which means the overall printing rate was 73.3%. In Songpa District, there are 565,368 registered voters, and the total voter turnout was 65.8%, resulting in over 42,000 ballots remaining in the district." However, he acknowledged, "The failure to distribute ballots effectively among the 146 polling stations in Songpa was a painful mistake." Regarding the decision to set the minimum printing rate at 50%, Wi noted, "Originally, the minimum printing rate for ballots, excluding early voting, was 60%. However, following the last election, there was an increase in leftover ballots, leading to difficulties in inspection and storage of millions of ballots, along with concerns about loss, theft, and misappropriation." He added, "We faced accusations of election fraud due to excessive printing of ballots compared to the turnout on election day, and there was a need to lower the minimum rate in areas where early voting increased and main voting decreased, along with challenges in securing printing facilities within a short timeframe." As a result, the NEC commissioned a policy research project to the Korea Institute of Public Administration in 2022, and based on the findings from a task force composed of field staff, adjusted the comprehensive management guidelines for the 9th nationwide local elections to set the minimum printing rate for ballots at 50%. The NEC also allowed local election commissions in 255 districts and cities to determine the printing rates based on local circumstances and characteristics. It was revealed that some local commissions actually set the printing rate at 50%, with the Ongjin County Election Commission deciding on a 100% rate. For the local elections, the 17 provincial and metropolitan election commissions printed three types of ballots (for governor, proportional representation councilors, and education superintendents), while local district and city commissions printed four types (for district councilors, local councilors, proportional representation councilors, and heads of autonomous districts) under their responsibility. Currently, the NEC has established a 'Fact-Finding Committee' composed of external members to thoroughly investigate the circumstances and any potential wrongdoing. In this context, Wi stated, "As investigations by law enforcement and the National Assembly's inquiry continue, clearer truths will emerge. However, as public suspicions and concerns grow, we felt it necessary to proactively report the current situation and measures taken." He also emphasized, "We deeply recognize that not a single person's voting rights should be infringed upon," and promised thorough follow-up measures to prevent recurrence. Meanwhile, law enforcement agencies are accelerating their investigations related to this incident. Just eight days after the ballot shortage occurred, the Seoul Metropolitan Police Agency's special investigation unit, under the direction of prosecutors from a joint investigation team, began searches at seven locations, including the NEC headquarters in Gwacheon, the Seoul Election Commission, and the election commissions of Songpa, Seocho, Gangnam, Gwangjin, and Dongjak districts, on charges of violating the Public Official Election Act and dereliction of duty.* This article has been translated by AI. 2026-06-11 14:45:00 -
AI technologies take center stage at global longevity summit SEOUL, June 11 (AJP) —Artificial intelligence (AI) and Human Digital Twin (HDT) technology could fundamentally reshape how people age, enabling physicians to predict disease risks, simulate health outcomes and deliver personalized interventions before symptoms appear, longevity researchers said Wednesday. The technologies are increasingly being viewed as a bridge between decades of aging research and practical healthcare applications, allowing scientists to combine genomic, medical and lifestyle data to model how individuals age and respond to treatment. The discussion featured prominently at the 30th Annual Meeting of the International Centenarian Consortium (ICC) in Gochang, North Jeolla in Korea, where more than 50 researchers from 18 institutions across the United States, Japan, France, China, Brazil and other countries gathered to share the latest findings in genetics, precision medicine, nutrition, oral health and digital healthcare. Researchers said the growing convergence of AI, genomics and longevity science is accelerating the shift from treating age-related diseases to preventing them before symptoms emerge. "The goal of longevity research is no longer simply to add years to life, but to add healthy years to life," several speakers said throughout the conference. Participants also highlighted South Korea's growing importance in global aging research. They pointed to the country's rapidly aging population and decades of centenarian studies, which have produced one of the world's most comprehensive datasets on people who have lived beyond the age of 100. Researchers said Korean centenarians today tend to be better educated, smoke and drink less, and report higher levels of life satisfaction than previous generations. They also noted a sharp increase in the proportion of centenarians capable of managing daily household activities independently, suggesting that healthy aging is becoming increasingly attainable. Traditional Korean fermented foods drew particular interest among international researchers. Studies presented at the conference suggested that foods such as kimchi, doenjang and cheonggukjang — the latter two traditional Korean fermented soybean products — may contribute to healthy aging by supporting gut microbiome diversity and improving nutrient absorption. Researchers said the findings align with growing evidence linking gut health to immunity, inflammation, cognitive function and age-related diseases. Among the keynote speakers, Suh You-sin professor of aging research and genetics at Columbia University described centenarians as "nature's best laboratory," arguing that rare genetic variants found among exceptionally long-lived individuals could provide clues to slowing biological aging. "The future of aging research lies in understanding and slowing the aging process itself," Suh said. "Extending healthy lifespan is no longer a distant goal." French demographer Jean-Marie Robine called for a broader approach to measuring longevity, emphasizing the importance of the modal age at death rather than average life expectancy alone. "For decades, medicine has focused on what causes people to die early," Robine said. "The next challenge is understanding what allows people to live longer and remain healthy." Researchers from Osaka University also presented findings from the SONIC project, a long-running study of older adults in Japan, showing that oral health plays a critical role in maintaining nutrition, muscle strength and cognitive function later in life. Looking ahead, many participants identified AI-powered precision medicine as one of the most transformative developments in the field. They said the integration of centenarian research, genomic data and digital healthcare platforms could help accelerate the development of personalized health management systems designed to extend healthy lifespan rather than simply prolong life. As countries around the world confront the challenges of aging societies, researchers said the future of medicine will increasingly focus on helping people age well. The message emerging from Gochang was clear: living to 100 is no longer the ultimate challenge. The greater challenge is staying healthy enough to enjoy those extra years. 2026-06-11 14:42:59 -
SpaceX Faces Valuation Controversy Ahead of Record IPO SpaceX is generating excitement for its upcoming initial public offering (IPO) while facing scrutiny over its valuation. Demand for the offering has surpassed supply by more than four times, yet debates continue regarding the appropriateness of its estimated valuation of $1.75 trillion to $1.8 trillion (approximately 2,660 trillion to 2,745 trillion won). According to Bloomberg News on June 10, demand for SpaceX's IPO has exceeded four times the number of shares available. Underwriters are expected to halt order-taking from institutional investors after the market closes on June 11, New York time. SpaceX plans to offer 555.6 million shares at $135 each, aiming to raise about $75 billion (approximately 114 trillion won). This would value the company at around $1.8 trillion. The shares are set to trade on the Nasdaq and Nasdaq Texas under the ticker symbol 'SPCX'. If successful, this IPO would surpass Saudi Aramco's $29.4 billion (approximately 45 trillion won) listing in 2019, making it the largest IPO in history. However, the valuation has sparked significant controversy. Notable short-seller Jim Chanos criticized the SpaceX IPO as a "hope and dream IPO" during the IConnections conference held in New York on the same day. He pointed out that SpaceX's valuation of $1.75 trillion is approximately 90 times its revenue of $19 billion (about 29 trillion won), significantly higher than Tesla's valuation of around 14 times its revenue. Chanos stated, "I do not see how this company can be worth $1.75 trillion under any reasonable assumptions over the next five years." He acknowledged that existing businesses like Starlink could support a valuation in the hundreds of billions, but questioned whether the remaining segments justify a $1.5 trillion valuation. The Associated Press highlighted concerns regarding SpaceX's losses and debt burden ahead of the IPO, as well as Elon Musk's concentrated voting power and the potential for increased stock volatility due to retail investor participation. According to AP, SpaceX reported a loss of $4.9 billion last year and recorded a $4.3 billion loss in the first quarter of this year, with debt reaching $29.1 billion as of the end of March. Additionally, the Class A shares being offered in the IPO carry only one vote per share, while Musk's Class B shares grant him ten votes each, allowing him to maintain control over more than 82% of the voting power post-IPO. Concerns have also been raised that up to 30% of the offering could be allocated to retail investors, potentially leading to significant stock volatility immediately after the listing. However, analysts suggest that aggressive short-selling may not occur immediately. Reuters reported that while SpaceX is viewed as a logical target for short-selling due to its overvaluation and governance concerns, the recent strong performance of large-cap tech stocks valued over $1 trillion has resulted in significant losses for short-sellers, leading to a more cautious approach. Gabriel Shahin, CEO of Falcon Wealth Planning, noted that there is considerable interest from bullish investors, including retail investors, labeling SpaceX as an "extremely risky short-selling target." He added that if SpaceX is included in major indices like the Nasdaq 100, it could attract substantial index-tracking funds, which would pose additional challenges for short-sellers. Mark Spiegel of Stanfield Capital Partners indicated that if SpaceX is added to indices like the Nasdaq 100, it could lead to significant inflows of index-tracking funds, while also noting that the costs and difficulties associated with borrowing shares for short-selling would increase immediately after the IPO, with more shares becoming available for borrowing after the lock-up period expires. 2026-06-11 14:42:00 -
'Advertising Genius' Lee Jae-seok Stages Performance at Election Commission Over Ballot Shortage Lee Jae-seok, known as an "advertising genius," staged a performance in front of the Central Election Management Commission in Gwacheon to satirize the recent ballot shortage. According to Yonhap News on June 11, the public service advertising expert and head of the Lee Jae-seok Advertising Institute displayed a banner parodying the commission's slogan "The Flower of Democracy is Elections" with the phrase "The Flower of Democracy is Sold Out." He also unveiled a poster featuring the phrase "Your Precious 0 Vote," depicting a hand reaching toward a ballot box, but notably without a ballot in hand, symbolizing the ongoing controversy over the ballot shortage. Commission officials reportedly intervened at the scene to stop the performance and remove the banner. Lee announced that he would distribute the poster online for free and plans to send printed copies to the Election Commission by mail. He also intends to hold a promotional poster contest targeting young advertisers to satirize the commission, with the winning entries to be sent to the commission as well. In a phone interview with Yonhap News, Lee stated, "Voting is based on trust in the national system, yet suddenly, as if struck by lightning on a clear day, there were no ballots. I pondered how to express this absurdity and decided to create the poster as a form of pro bono work." * This article has been translated by AI. 2026-06-11 14:42:00 -
President Lee's Approval Rating Drops to 57%, Down 9% in Three Weeks A recent public opinion poll indicates that President Lee Jae-myung's approval rating for his administration has dropped by 9 percentage points in the past three weeks. The nationwide survey, conducted by Embrain Public, K-Stat Research, Korea Research, and Hankook Research from June 8 to 10, revealed that 57% of respondents rated Lee's governance positively, down from the previous survey. The percentage of negative evaluations rose to 33%, an increase of 9 percentage points. By age group, fewer than half of respondents in their 20s, 30s, and those over 70 gave positive evaluations, while the remaining age groups reported over 50% approval. Among those in their 30s, 48% approved and 45% disapproved. Ideologically, approval ratings were high among progressives and moderates at 91% and 56%, respectively, but only 45% of conservatives approved, with 55% disapproving. When asked about the need for a national investigation into the shortage of ballots during local elections, 85% responded that it was necessary, while 11% disagreed. In terms of specific policy areas, the highest approval rating was for welfare policies at 62%, while real estate policies received the lowest at 40%. Foreign policy garnered a 55% approval rating, economic policy received 47%, and North Korea policy was rated at 45%. Regarding party support, the Democratic Party stands at 41%, while the People Power Party is at 25%. Compared to the last survey, the Democratic Party's support has decreased by 4 percentage points, while the People Power Party has increased by 5 percentage points. The Justice Reform Party received 2%, the Reform Party 3%, and the Progressive Party 2%. The NBS survey was conducted through telephone interviews using virtual mobile numbers (100%). For more details, please refer to the website of the National Election Opinion Survey Deliberation Commission. * This article has been translated by AI. 2026-06-11 14:36:00 -
W Games Hits New Highs Amid AI-Driven Growth W Games has been attracting market attention as its stock continues to reach new highs. Once primarily recognized as a social casino game company, W Games is now undergoing a valuation reassessment due to its advancements in AI-based game development, restructuring, and profitability improvements. According to the Korea Exchange, as of 2:05 PM on June 11, W Games shares were trading at 74,700 won, up 4,500 won (6.41%) from the previous trading day. During the session, the stock peaked at 76,500 won, marking a new 52-week high. This represents a 62.7% increase compared to the 52-week low of 47,000 won recorded on March 4. Analysts suggest that the recent surge in stock price cannot be solely attributed to improved earnings. The market is evaluating the company's value as it simultaneously innovates game development through AI, diversifies its business portfolio, and moves towards fully acquiring its Nasdaq-listed subsidiary. A significant aspect of this transformation is the company's capability to utilize AI. W Games has established an 'AI Lab' at its subsidiary Paxie Games, automating the entire game development process. This system allows for the completion of all stages—from game planning to graphic asset creation, balancing tests, and global launches—within three weeks for a single developer. This capability is seen as a crucial competitive advantage in the hyper-casual gaming market. Previously, developing a single game could take months, but with AI, multiple games can be launched quickly, allowing the company to selectively scale based on market responses. The AI-driven strategy is already yielding results. Following the success of 'Merge Studio,' Paxie Games has seen rapid revenue growth from AI-utilized games such as 'Wiggle Escape' and 'Tile Star.' The share of casual game revenue increased from 9.6% in the fourth quarter of last year to 12% in the first quarter of this year. The company plans to secure a lineup of over 50 AI games by the end of the year, aiming to boost profitability in the casual gaming sector to double digits. W Games' core business in social casino games continues to serve as a stable cash generator. In the first quarter of this year, consolidated revenue reached 205 billion won, with an operating profit of 68.5 billion won, surpassing 200 billion won in quarterly revenue for the first time since its founding. The company maintained an operating profit margin of 33.4% despite aggressive marketing expenditures, which has been positively received by the market. The high profitability is attributed to a Direct-to-Consumer (DTC) strategy. The proportion of in-house payments increased to 38.7% in the first quarter, significantly reducing the burden of app market fees. This cost reduction has helped offset the increase in marketing expenses for new games. Analysts believe that the expansion of DTC is not yet complete. Having already reached the initial year-end target of 40% in the first quarter, there is potential for it to exceed 50% if current trends continue. Additionally, the impact of reduced app market fees from Google and Apple in the North American market could further accelerate profitability improvements. The restructuring of the business is also stimulating investor sentiment. In April, W Games announced plans to acquire the remaining 32.9% stake in its Nasdaq-listed subsidiary, DoubleDown Interactive (DDI), at $11.25 per share, aiming for full ownership. Market observers view this decision as a way to mitigate the risks of dual listing and as a foundation for future mergers and acquisitions (M&A). If the subsidiary is delisted from Nasdaq after the acquisition, improvements in consolidated net income are also anticipated. Brokerages have been raising their target prices for W Games since last month. Shinhan Investment Corp. and IBK Investment & Securities set target prices of 100,000 won on May 22 and June 1, respectively. Kang Seok-oh, a researcher at Shinhan Investment Corp., stated, "AI, M&A, and governance improvements will simultaneously elevate earnings per share (EPS) and price-to-earnings ratio (PER)," designating W Games as a top pick.* This article has been translated by AI. 2026-06-11 14:33:00 -
6 in 10 South Koreans Support Easing or Abolishing Large Retail Store Closures A recent survey revealed that 6 out of 10 South Koreans believe the regulations mandating closures of large retail stores should be eased or abolished. Conducted by Winji Korea Consulting on behalf of the Korean Distribution Association, the survey polled 2,000 adults nationwide from April 1 to 5. It found that 28.7% of respondents supported abolishing the mandatory closure regulations, while 30.8% advocated for easing them. Combined, these responses accounted for 59.5% of the total. In contrast, 30.4% of participants preferred to maintain the current regulations. Only 26.9% agreed that mandatory closures are necessary to protect traditional markets and local businesses, while 39.8% disagreed. Regarding operating hour regulations for large retail stores, 32.0% favored easing the restrictions, 30.4% wanted to keep them as they are, and 26.8% supported abolishing them. Additionally, 65.1% of respondents believed early morning deliveries should be allowed, while 15.8% opposed this. However, when it comes to limiting the establishment of large retail stores within a 1-kilometer radius of traditional markets, 46.5% preferred to strengthen or maintain these restrictions, compared to 43.1% who supported easing or abolishing them. In the past month, 89.8% of respondents reported purchasing essential goods from offline large retail stores, followed by 75.0% from online platforms, 46.6% from convenience stores, 39.1% from specialty shops, and 37.7% from traditional markets. Additionally, 75.8% of participants felt that large retailers are facing a crisis. The margin of error for the survey is ±2.19 percentage points at a 95% confidence level. Professor Jang Myung-kyun of Hoseo University, who oversaw the survey, stated, "It is necessary to reconsider the large retail store regulation policies that have been in place for over a decade and shift the focus of future distribution industry policies from maintaining regulations to improving them for consumer benefit." Meanwhile, Park Yong-jin, vice-chairman of the Regulatory Rationalization Committee, emphasized that the mandatory closure system for large retail stores is not adequately responding to changes in the distribution environment, calling for a comprehensive review of the system. In a social media post on June 10, he remarked, "The effectiveness of a policy is determined by its results, not intentions. It is time to reassess regulations created over a decade ago based on market conditions that no longer apply to today's consumer environment." He added, "The market has changed, consumer behavior has evolved, and the distribution environment is entirely different from what it was ten years ago. Regulations must not remain stuck in the past."* This article has been translated by AI. 2026-06-11 14:33:00