Korean Peninsula Diplomacy: South Korea President Lee Jae Myung told US President Donald Trump at the G7 that Washington should take a constructive role in securing long-term peace on the peninsula, and Trump pledged to play “a necessary role” and cooperate closely with Seoul. US-South Korea Alliance & Investment: The Korea-U.S. Strategic Investment Corporation has launched operations to deploy a $350 billion US investment pledge, with $200 billion aimed at high-tech and national security interests and $150 billion earmarked for shipbuilding. Nuclear Power Expansion: KHNP selected Yeongdeok (North Gyeongsang) for two 1.4GW reactors and Gijang (Busan) for a 0.7GW SMR, a key step in expanding nuclear capacity. Election Integrity Probe: South Korea’s parliament launched a 45-day investigation into the National Election Commission after ballot-paper shortages disrupted June 3 local elections. World Cup Focus (Seoul’s sports pulse): South Korea coach Hong Myung-bo called a drone sighting over the team’s training camp “unfortunate” after Mexican forces intercepted and brought it down ahead of the Mexico clash. K-Beauty Exports: K-beauty is surging again, with cosmetics exports hitting $5.6B in Jan-May and the US becoming the top market in 2025. Markets & Energy: South Korea will keep fuel price ceilings for now while monitoring the US-Iran deal’s oil-market impact; IMD ranked Korea 21st for competitiveness, up six spots.