For the first time in 11 years, the account balance of 10 May posts a Q1 deficit notwithstanding a positive March, due to dull exports, slowdown in the chip industry and slower impact of China’s reopening

Travel bans have been imposed on three civilians accused of flying drones toward North Korea from Ganghwa, allegedly photographing a Marine base; case widened as links emerged to former presidential staff and military intelligence–related online outlets

2026 economic master plan aims at a “great economic leap,” forecasting 2% GDP growth; government plans substantial investments in semiconductors, AI, defense and biotech, new fiscal policy, price stabilization and measures to boost consumption

Former oceans minister was summoned by police over a bribery scandal involving the Unification Church: prosecutors allege he received cash and a luxury watch in exchange for backing church-linked projects; Chun denies the claims as raids widen the probe

A sovereign fund and an export fund will be launched in 2026; finance ministry plans better management of state assets, new U.S.-focused investment tools under the recent tariff deal, and measures to foster AI industries and strengthen economic security