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AI summaryThe 79th Cannes Film Festival opened with Jane Fonda and Gong Li, as Peter Jackson received an honorary Palme d'Or. The 'Fast and the Furious' cast reunited for a 25th anniversary screening, while Demi Moore discussed AI's threat to cinema.
AI summaryU.S. President Donald Trump traveled to Beijing for a three-day summit with Chinese President Xi Jinping, focusing on trade, Iran, Taiwan, and North Korea. The leaders discussed a potential "board of trade" and China's purchase of Boeing aircraft. Following the summit, Trump confirmed talks on North Korea and Taiwan, while South Korean President Lee Jae Myung received a briefing on the outcomes.
AI summaryUS consumer prices rose 3.8% in April, the fastest annual increase since 2023, driven by surging energy costs linked to the US-Israel war with Iran. Gas prices hit $4.50 per gallon, and retailers like Walmart warn of slowing consumer spending as households feel the squeeze.
AI summaryThe Cannes Film Festival kicked off Tuesday with 22 films vying for the Palme d'Or, but behind the glamour, concerns over AI's impact on filmmaking and the absence of major Hollywood studios dominate the conversation. African cinema is represented in the Un Certain Regard section, though not in the main competition.
AI summaryChoi Jeong of the SSG Landers hit his 10th home run of the season, extending his KBO record to 21 straight seasons with double-digit homers. Meanwhile, teammate Park Seong-han won the KBO Player of the Month award for March-April, powered by a record-breaking 22-game hitting streak to start the season.
AI summarySouth Korea's unification ministry will provide 300 million won to support civic groups cheering for the North Korean women's football team during their visit for an AFC Champions League semifinal. The match marks the first visit by a North Korean sports team in over seven years, and the minister will not attend in person to respect its purely international nature.
AI summarySeoul shares fell more than 2% Tuesday, snapping a five-day winning streak, as investors took profits and worries over U.S.-Iran peace talks resurfaced. The KOSPI closed at 7,643.15, with foreigners net-selling and the won dropping sharply against the dollar.
AI summaryUS President Donald Trump is traveling to China this week accompanied by more than a dozen top executives, including Tesla's Elon Musk and Apple's Tim Cook, according to White House officials. The delegation spans key industries as trade and technology dominate the agenda.
AI summarySouth Korea's financial regulator has pledged to scale up support for artificial intelligence firms, including doubling investment and introducing a new fund with tax breaks and loss coverage. The Korea National Growth Fund has already invested 2 trillion won in AI startups this year, with a target of raising 150 trillion won over five years.
AI summaryGoogle's threat intelligence group reports that state-sponsored hackers from North Korea and China are increasingly using AI to identify cybersecurity vulnerabilities, with North Korea's APT45 group sending thousands of AI-generated prompts to probe for weaknesses. Separately, Kaspersky has linked a North Korean hacking group to AI-assisted malware development targeting South Korean government systems.
AI summaryThe 2026 Cannes Film Festival has notably few major Hollywood studio films, with attention instead on international auteurs like Pedro Almodovar, Asghar Farhadi, and Cristian Mungiu. Analysts cite studio wariness over festival risks and political factors, while the race for the Palme d'Or remains wide open.
AI summarySouth Korea will play friendly matches against Trinidad and Tobago and El Salvador in late May and early June as final preparations for the 2026 World Cup. The matches will be held in Utah, where the team will also hold a pre-tournament training camp to acclimatize to high altitude before their Group A games in Mexico.
AI summarySamsung Electronics management and its largest labor union held a second day of government-led mediation talks on May 12 in an effort to avert a planned general strike. The union is seeking performance-based bonuses equivalent to 15 percent of operating profit, a demand management has called difficult to accept.
AI summarySouth Korea's KF-21 fighter jet program faces potential delays as production costs for the follow-on phase are projected to rise sharply. Despite a recent successful combat readiness evaluation, budget pressures and economic factors threaten the timeline for delivering 120 jets by 2032.
AI summaryBank of Korea Gov. Shin Hyun-song has been elected to the board of the Bank for International Settlements, beginning a three-year term. South Korea has maintained a seat on the board since 2019. Shin's election follows his recent trip to Basel for BIS meetings.
AI summaryAtlanta Braves shortstop Kim Ha-seong has been activated from the injured list and will make his season debut this week against the Chicago Cubs. The 30-year-old South Korean signed a one-year, $20 million contract in December but missed the start of the season after tearing a tendon in his finger slipping on ice in January.
AI summaryUS President Donald Trump has arrived in Beijing for a three-day state visit, the first by an American president in nearly a decade, with trade, Iran, Taiwan and military communication expected to dominate talks with Chinese President Xi Jinping. The visit is seen as an attempt to stabilise the world's two largest economies amid ongoing geopolitical tensions.
AI summaryAs Donald Trump and Xi Jinping meet in Beijing, the escalating US-China rivalry over artificial intelligence takes center stage. China emphasizes its deployment advantages and institutional coordination, while the US maintains leads in chip design and private investment. The meeting also occurs amid the US-Iran war, raising questions about the Stargate AI project's future and calls for military AI safety discussions.
AI summaryA South Korean court has temporarily suspended the antitrust regulator's designation of Coupang founder Kim Bom as the company's de facto controlling entity, following a lawsuit and injunction request filed by the e-commerce giant. The suspension is effective until July 15, pending a hearing on the injunction. The FTC had designated Kim as the 'same person' of the group, citing his brother's involvement in management, amid heightened scrutiny after a data breach last year.
AI summaryPop star Dua Lipa has filed a lawsuit against Samsung Electronics, alleging the company used her photograph on television packaging without permission. She seeks at least $15 million in damages for copyright, trademark, and publicity rights violations. Samsung denies the claims, stating it had authorization through a content partner.