🇰🇷 May 6, 2025 (Tuesday) Substitute Holiday – Today's Top Stories 🌟

1. 📅 Stock Market Closed for Substitute Holiday

May 6 was designated as a substitute holiday for Children’s Day and Buddha’s Birthday. As a result, the Korean stock market remained closed. Investors had a day to pause and regroup, with close attention expected on the upcoming May 7 trading session, especially in light of the U.S. Fed's interest rate decision.

2. 💄 Olive Young & Kolmar Korea to Nurture K-Beauty Startups

CJ Olive Young and Kolmar Korea have launched a joint accelerator program to discover and foster promising K-beauty startups. This collaboration is expected to enhance innovation and boost the global competitiveness of Korea’s beauty industry.

3. 🏹 Korean Archery Team Heads to World Cup Stage 2

Korea’s national archery team kicked off its season at the 2025 Archery World Cup Stage 2, held in Shanghai from May 6 to 11. Top-tier athletes like An San, Lim Si-hyun, and Kim Woo-jin are competing, drawing global attention to their performances.

4. 🎭 61st Baeksang Arts Awards Honors Top Talent

The 61st Baeksang Arts Awards took place on May 5 at COEX in Seoul. In the film category, the grand prize went to director Hong Kyung-pyo’s Harbin, while the grand prize in television was awarded to Cook Class War. The event aired live on JTBC and attracted wide viewership.

5. 🌦️ Cloudy Weather and Rain Mark End of Long Weekend

May 6 was marked by overcast skies and scattered rain across the country. The central regions, including Seoul, Gangwon, and Chungcheong, saw heavier rainfall in the afternoon, with localized thunderstorms and strong winds in some areas.

6. 📱 SK Telecom USIM Chip Replacements Top 1 Million

Following a recent hacking incident, SK Telecom reported that over one million users have replaced their USIM chips. In response, the company has temporarily suspended new subscriptions at its branches and is ramping up security measures.

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📅 This Week's Major Events in Korea (May 6–12)

• May 7 (Wed): Korean stock market reopens; U.S. Fed interest rate decision expected
• May 9 (Fri): U.S. Consumer Price Index (CPI) release
• May 10 (Sat): Federal Reserve Chair Jerome Powell speech
• May 11 (Sun): Conclusion of Archery World Cup Stage 2
• May 12 (Mon): Key corporate earnings announcements

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📝 Closing Remarks

Today’s substitute holiday brought a variety of meaningful stories from different sectors. We hope you enjoyed your long weekend and feel recharged for the days ahead. Wishing you good health and a joyful return to daily life! 🌈