G7 Diplomacy: G7 leaders opened summit talks in France on Ukraine and the Middle East, with Zelenskyy joining discussions as attention turns to efforts to stabilize the region. Strait of Hormuz Watch: South Korea is consulting with the U.S. and Iran on safe navigation through the Strait of Hormuz after a preliminary ceasefire extension, with 24 South Korea-linked ships still stranded and details like whether passage is free yet to be clarified. Local Politics: South Korea’s ruling Democratic Party won most seats in the June 3 local elections, but Seoul mayor Oh Se-hoon held on, keeping the capital from a full ruling-party sweep. AI & Power Demand: A new report says data centers across Asia-Pacific face growing grid support obligations to unlock power for AI growth, with South Korea among markets shifting toward stronger reliability and flexibility requirements. SpaceX Fallout: South Korea’s Financial Supervisory Service is probing Mirae Asset Securities and others after investors failed to secure SpaceX IPO allocations despite marketing, raising investor-protection questions. Economy & Wages: Labor and business groups clash at the minimum wage talks over a variable wage floor, while the government also rolled out an 11-language guide for abused migrant women to improve access to protection services. Sports & Culture: South Korea’s World Cup opener left it atop Group A with a win over Czechia, and Starbucks Korea will close nationwide for staff history training after backlash over its “Tank Day” campaign.