Hormuz Missile Fallout: Seoul says debris from the May 4 HMM Namu strike points to Iran’s Noor anti-ship missiles, while stopping short of naming Tehran as the intentional attacker; Seoul summoned Iran’s ambassador and demanded an apology. North Korea Standoff: Pyongyang rejects Quad calls for “complete denuclearisation,” saying it will never give up its nuclear program. Markets & Energy Policy: Bank of Korea lifted its 2026 growth forecast to 2.6% on strong chip exports; KOSPI stayed above 8,000 but slipped as US-Iran tensions returned. Separately, Korea will ease private oil stockpiling rules to help meet an IEA-linked release pledge. Financial Scams Crackdown: The FSC will expand fast account-freezes beyond voice phishing to newer romance and investment scams, with tighter coordination with law enforcement. Labor & Industry: FTC plans to revive a key investigation bureau to speed up probes into major platform and conglomerate cases, raising business concerns. Tech & Economy: Alibaba launched “Accio Work” to help Korean SMEs use AI for global selling; India and South Korea began CEPA upgrade sub-groups on digital trade and supply chains. Public Life: Seoul’s “Testbed Seoul 2.0” will recruit 20 startups to trial AI and smart infrastructure in real city settings. Diplomacy: NSA Wi Sung-lac met Singapore FM Vivian Balakrishnan, discussing Peninsula security and freedom of navigation in the Strait of Hormuz.