Yonhap News Summary

▲ Park Chan-dae of the ruling Democratic Party (C, front), the party's candidate for the Incheon mayoral race for the June 3 local elections, celebrates with party officials at his campaign office in Incheon, west of Seoul, on June 4, 2026, after his victory became certain. (Pool photo) (Yonhap)
▲ Seoul Mayor Oh Se-hoon (C) waves to supporters at his campaign headquarters in Seoul on June 4, 2026, after winning reelection in nationwide local elections held the previous day. (Yonhap)

Yonhap News Summary

Yonhap News Summary

The following is the first summary of major stories moved by Yonhap News Agency on Thursday.

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■ (ROUNDUP) Ruling party wins landslide in local elections despite losing Seoul to incumbent mayor

SEOUL -- The ruling Democratic Party (DP) clinched a resounding victory in the local elections and parliamentary by-elections, winning the key mayoralty in the traditional conservative stronghold of Busan, while the main opposition party retained the Seoul mayoral seat.

The DP won 12 out of the 16 key mayoral and gubernatorial seats up for grabs, including in Busan where Jeon Jae-soo was elected mayor, while the main opposition People Power Party (PPP) took four seats, including Seoul, where incumbent Mayor Oh Se-hoon was elected to a fifth term, according to the final vote count.

https://en.yna.co.kr/view/AEN20260602008360315?section=national/politics

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■ (3rd LD) Incumbent Seoul Mayor Oh wins reelection to secure 5th term

SEOUL -- Incumbent Seoul Mayor Oh Se-hoon of the People Power Party (PPP) won his fifth term Thursday, narrowly defeating Democratic Party (DP) candidate Chong Won-o in a tight mayoral race that was decided in the final stages of ballot counting.

Oh was declared winner shortly after 10 a.m., with 97.92 percent of ballots counted.

https://en.yna.co.kr/view/AEN20260604002853315?section=search

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■ (LEAD) S. Korea beat El Salvador in final match before World Cup

PROVO, United States -- South Korea edged out El Salvador 1-0 on Wednesday in their final friendly match before the upcoming FIFA World Cup, as they enter the big tournament on the heels of two straight victories.

Midfielder Lee Dong-gyeong curled home a free kick in the 57th minute of the match at BYU South Field in Provo, Utah, for South Korea's only goal of the match.

https://en.yna.co.kr/view/AEN20260604005851315

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■ (LEAD) Hanwha Aerospace to suspend production lines after deadly explosion

SEOUL -- Hanwha Aerospace Co., a defense affiliate of Hanwha Group, said Thursday it will suspend operations at all of its production facilities and conduct special safety inspections following a deadly explosion at its Daejeon facility.

The company said it will halt operations at its nine business sites nationwide for two days starting Thursday, marking the first companywide production shutdown since its establishment in 2023.

https://en.yna.co.kr/view/AEN20260604003151320?section=search

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■ Jensen Huang to meet executives from Krafton during Seoul visit: sources

SEOUL -- The head of U.S. chip giant Nvidia Corp., Jensen Huang, is expected to meet with executives of Krafton Inc., a local game developer, during his visit to Seoul this week, industry sources said Thursday.

Huang is reportedly meeting Krafton's Executive Director Chang Byung-gyu, and other senior managers from the company, though the exact dates have yet to be confirmed, the sources said.

https://en.yna.co.kr/view/AEN20260604004600320?section=search

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■ (LEAD) Finance minister vows to take 'immediate measures' over excessive FX volatility

SEOUL -- South Korea's finance minister on Thursday vowed to take "immediate measures" when necessary to address excessive volatility in the foreign exchange market amid the recent sharp decline of the Korean won against the greenback.

Finance Minister Koo Yun-cheol discussed such measures with Bank of Korea Gov. Shin Hyun-song in Seoul, alongside Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Gov. Lee Chan-jin, according to the Ministry of Finance and Economy.

https://en.yna.co.kr/view/AEN20260604003051320?section=search

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■ Nvidia's Jensen Huang to throw out ceremonial 1st pitch at KBO game

SEOUL -- Nvidia Corp. CEO Jensen Huang will throw out the ceremonial first pitch before a South Korean baseball game in Seoul this weekend.

The Doosan Bears of the Korea Baseball Organization (KBO) announced Thursday that Huang will do the honors before their game against the Kiwoom Heroes at Jamsil Baseball Stadium in Seoul at 5 p.m. Sunday.

https://en.yna.co.kr/view/AEN20260604002900315?section=search

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■ (LEAD) Election watchdog rules out postponing election, revote after ballot shortage in Seoul

SEOUL -- The election watchdog said Thursday a shortage of ballots in parts of Seoul during the previous day's local elections does not constitute grounds for postponing the election or conducting a revote under the election law.

The National Election Commission (NEC) made the remarks after holding an emergency meeting early in the day, as a shortage of ballots at some polling stations in Seoul, mostly from Songpa Ward, prompted the temporary suspension of voting in the local elections.

https://en.yna.co.kr/view/AEN20260604001551315?section=search

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