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People

Six named as June Korea Engineer Award winners including Han Sang-ho and Bang Jae-ung

South Korea\'s Ministry of Science and ICT and the Korea Industrial Technology Association selected 6 people as June 2026 winners of the Korea Engineer Award. The recipients span large companies, small and midsized firms, women and a young engineer category. The award recognises engineers who contributed significantly to technology sites and grants a deputy prime minister’s award and 5 million won in prize money. The ministry plans to expand award categories from the second half of this year.

Finance

KB Kookmin Bank arranges 4 trillion won financing for U.S. LNG infrastructure

KB Kookmin Bank has completed the arrangement of financing for a U.S. offshore LNG infrastructure development project. The bank said it completed joint arrangement of project financing for the Delfin floating liquefied natural gas development project, with the financing agreement signed on June 3 local time. The syndicated financing totals $2.676 billion, or about 4 trillion won, and KB Kookmin Bank arranged and participated with $160 million.

Industry

Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half

Semiconductors, defense, shipbuilding and power equipment are expected to lead South Korea\'s exports in the second half, with simultaneous strength across the four sectors seen absorbing external shocks despite prolonged Middle East tensions and a surge in Strait of Hormuz shipping rates. The Bank of Korea raised its growth outlook and lifted its inflation forecast, citing strong first-quarter growth and an extended semiconductor cycle. Officials also pointed to broader export gains across industries.