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US must not insult IRGC during the World Cup: Iran’s football chief | World Cup 2026 News

Iran’s football chief says the country’s preparations for the World Cup remain on track, but its participation will depend on a guarantee of respect for the Iranian armed forces by tournament cohosts the United States.

The Iranian Football Federation (FFIRI) will seek reassurance from FIFA that the US will not insult the Islamic Revolutionary Guard Corps (IRGC) during the World Cup, FFIRI President Mehdi Taj said on Tuesday.

“[The] Americans, if they guarantee not to insult our military institutions and the IRGC, we’ll go,” Taj told state broadcaster IRIB.

“If they give such a guarantee that an incident like Canada doesn’t happen and they definitely assure it, we will go,” he added.

Taj was referring to an incident that took place last week, when an FFIRI delegation turned back at Toronto’s main airport, citing their treatment by Canadian immigration, and missed a pre-World Cup FIFA gathering in Vancouver.

The delegation members, including Taj, turned back ⁠⁠⁠⁠upon arrival at Toronto’s Pearson airport despite holding valid visas, citing what was described as the “unacceptable behaviour of immigration officials”.

“They [delegation] returned to Turkiye on the first available flight due to the unacceptable behaviour of immigration officials at the airport and the insult to one of the most honourable organs of the Iranian nation’s armed forces,” the FFIRI said in a statement following the incident.

In 2024, Canada listed Iran’s IRGC as a terrorist organisation, and statements from the Canadian government indicated that Taj was denied entry due to his alleged ties with the IRGC.

“IRGC officials are inadmissible to Canada and have no place in our country,” the Canadian government said.

The US and Israel launched a war on Iran on February 28.

At least 3,468 people have been killed in US-Israeli attacks, according to Iran’s Ministry of Health. More than 26,500 people have been injured, including at least 4,000 women and 1,621 children.

Iranian forces retaliated, launching attacks on Middle East countries where US troops are deployed, as well as Israel.

‘Our host is FIFA, not Mr Trump’

Taj, who was speaking in Tehran, will meet FIFA President Gianni Infantino and Secretary-General Mattias Grafstrom at the organisation’s headquarters in Zurich this month.

During the meeting, Taj said he will seek guarantees that the Iranian team and accompanying officials would not face entry restrictions or “disrespect”, particularly towards Iran’s state institutions.

“We need a guarantee there, for our trip, that they have no right to insult the symbols of our system – especially the Islamic Revolutionary Guard Corps,” he said.

“This is something they must pay serious attention to. If there is such a guarantee and the responsibility is clearly assumed, then an incident like what ⁠⁠happened in Canada will not happen again.”

The Iranian team is going full-speed ahead with its preparations for the World Cup, and football officials have outlined the team’s training and preparations for the tournament, which include camps at home and in neighbouring Turkiye before travelling to the US.

The squad will depart for Turkiye on Monday for their final leg of preparations before travelling to the US in June.

Team Melli will kick off their ‌‌‌‌campaign ‌‌‌‌against New Zealand in Los Angeles on June 15, before taking on Belgium at the same stadium on June 21 and facing Egypt in their final group match in Seattle on June 26.

Taj insisted Iran had earned the right to play in the World Cup as one of the first teams to have qualified for the tournament.

“We are going to the World Cup because we qualified,” the Iranian official said. “Our host is FIFA, not Mr Trump or America.”

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L.A. unveils details about its 2026 World Cup fan zones

The Los Angeles Organizing Committee for the 2026 World Cup announced on Monday the details of the 10 official fan zones that will be set up at locations throughout the L.A. region during the 39-day tournament.

These venues will complement the start of the tournament following the opening of the FIFA Fan Festival Los Angeles, scheduled for June 11–14 at the Coliseum, which will serve as a central gathering point for fans.

The goal is to transform the city into an extended celebration of the World Cup, providing live broadcasts of the matches and various experiences designed to bring the tournament atmosphere to communities throughout L.A.

Match broadcasts in the fan zones will be available via Fox and Telemundo, allowing attendees to follow the tournament live throughout the competition. Each venue will have different programming, so fans are encouraged to check the schedule in advance to be sure they catch their preferred games.

The organizing committee urged fans to plan their travel in advance, highlighting the Metro public transit system as the most convenient option for getting to both FanFest and the various Fan Zones located throughout the region.

Here is the watch party schedule:

The Original Farmers Market: June 18–21

Ticket prices: $5 per day/$17 multi-day pass; free admission for children 3 and under.

It will feature a full lineup of group stage matches, including the United States vs. Australia and Mexico vs. South Korea.

The event will include soccer zones for the whole family, beer gardens, and international cuisine from more than 40 restaurants and specialty market shops.

City of Downey: June 20

Free community event with optional VIP packages available for purchase.

It will feature highlight matches from the group stage, such as Germany vs. Ivory Coast and Tunisia vs. Japan.

There will be an opening ceremony, a massive viewing area, entertainment, soccer exhibitions, an arts and crafts fair, interactive booths, and food and beverage vendors.

Union Station: June 25–28

A free multi-day event in the heart of downtown Los Angeles.

It will feature live broadcasts of key matches and international games, including the United States vs. Turkey.

It will include DJ performances, meet-and-greets with guests, interactive challenges, competitive activities, and immersive experiences.

Hansen Dam Lake: July 2–5

Ticketed outdoor event: $25 general admission, with VIP options available.

The event will feature round of 16 and quarterfinal matches in a festival-like atmosphere.

The event will feature a transformed lakeside area with DJs, international cuisine, beer gardens, an outdoor movie theater, muralists, games with prizes, and continuous entertainment.

Earvin Magic Johnson Park: July 4–5

Free community celebration.

Will include quarterfinal games.

It will feature activities, a community market, local resources, music, food trucks, drinks, and more.

Whittier Narrows Recreation Area: July 9–11

Free community celebration.

It will feature semifinal matches and other moments from the tournament.

It will include cultural activities, a community market and a variety of local dining options. After the matches, fans can tour the park and explore the San Gabriel Valley.

Venice Beach: July 10–11

Ticketed fan zone on the waterfront: general admission starting at $10, with VIP options available.

Will feature single-elimination matches at one of the city’s most iconic destinations.

There will be international food vendors, beverage areas, live music, DJs, cultural performances and additional family-friendly programming.

Fairplex: July 14–15 and 18–19

Ticketed event.

$10 for all four days through May 31; $20 after that date.

VIP options available.

Packages will include multiple matches, including the semifinals, third-place match, and final.

There will be interactive games, recreational activities, appearances by local mascots, educational exhibits on the “science of soccer” and a resident DJ.

San Pedro’s West Harbor: July 14–15 and 18–19

Waterfront experience with ticket: $5 per ticket, with VIP options available.

Will feature the tournament semifinals and final.

Will offer soccer-inspired activities, interactive experiences, food, drinks, and live DJ music.

Downtown Burbank: July 18–19

Ticketed event starting at $25.

The event will feature the tournament’s final matches, including the World Cup final.

The event will include live entertainment, family-friendly games, VIP experiences, and an adjacent free international fair showcasing cuisine and cultural expressions from around the world.

This article first appeared in Spanish via L.A. Times en Español.

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Shakira concert in Rio generates $160 million for local economy

Colombian singer Shakira (C) performs during a concert on Copacabana Beach in Rio de Janeiro on Saturday. Photo by Andre Coelho/EPA

May 5 (UPI) — Colombian singer Shakira drew an estimated 2 million people to a free concert on Copacabana beach, generating an estimated $160 million economic impact, according to data from the city government and municipal agencies.

The show, held Saturday in front of the Copacabana Palace hotel, was part of the third edition of the “Todo Mundo no Rio” program, an initiative led by the Rio city government to attract tourism and economic activity during May, traditionally a low season.

According to Riotur and the Municipal Secretariat of Economic Development, the event boosted sectors such as hospitality, food services, transportation and retail. The city deployed a comprehensive operation covering security, logistics and public services, with the Operations and Resilience Center running at full capacity.

The concert opened with a show of 1,500 drones — described as one of the largest displays of its kind at a music event — forming a she-wolf in the sky, a symbol associated with the artist. Minutes later, Shakira appeared on stage dressed in the colors of Brazil.

During the show, the artist spoke in Portuguese and recalled her early years in the country.

“Brazil, I love you. It is magical to see millions of souls together, ready to sing, feel and dance,” she told the crowd.

The performance included more than two hours of hits spanning different stages of her career, along with segments dedicated to women.

“Women don’t cry anymore. Alone we may be more vulnerable, but together we are invincible,” she said.

The show also featured appearances by well-known Brazilian artists, such as Anitta, Caetano Veloso, Maria Bethania and Ivete Sangalo.

The “Todo Mundo no Rio” program aims to position Rio as a global destination for large-scale events. It was launched in 2024 with Madonna, who drew 1.6 million people, and continued in 2025 with Lady Gaga, who attracted 2.5 million.

Copacabana has also hosted some of the largest concerts in the world. Rod Stewart drew 3.5 million people in 1994, The Rolling Stones, about 1.5 million in 2006, and Stevie Wonder, some 2 million in 2012.

According to official data released by Agencia Brasil, medical services handled about 400 cases during the event, with 64 transfers to hospitals due to general discomfort, minor injuries and alcohol consumption. Cleanup crews collected about 362 tons of waste, with nearly 2,000 workers deployed.

After her stop in Brazil, Shakira will head to the North American leg of her tour, with concerts in the United States between June and July. These include dates in Inglewood, Palm Desert and San Jose, Calif., Dallas, Atlanta, Miami, Baltimore, Boston, Newark, N.J., and New York, before ending this leg in Atlantic City, N.J. on July 25.



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Iran warns it is ‘just getting started,’ U.S. moves to dial down heat

Iranian Parliament Speaker Mohammad Ghalibaf warned Tuesday that Iran was “just getting started” after its military clashed with U.S. forces attempting to guide commercial ships trapped by the war out through the Hormuz Strait. File Photo by Wael Hamzeh/EPA

May 5 (UPI) — Iran warned Tuesday that it was “just getting started” after its military clashed with U.S. forces attempting to guide commercial vessels marooned in the Persian Gulf out through the Strait of Hormuz.

Mohammad Ghalibaf, Speaker of the Iranian Parliament, signaling Iran’s intention to exploit the United States’ need for a timely resolution to the conflict, said Iran was digging in for an extended fight that it was prepared to keep going for as long as necessary.

“The new equation in the Strait of Hormuz is being solidified. Shipping security and energy transit have been jeopardized by the U.S. and its allies with the cease-fire violations and blockade. However, their evil acts will fail. We know well that the continuation of the status quo is intolerable for America, while we are just getting started,” said Ghalibaf.

Speaking at a news briefing at the Pentagon on Tuesday morning, U.S. Defense Secretary Pete Hegseth appeared to try to de-escalate the situation, stressing that the mission to free trapped merchant ships was a short-term, defensive operation purely aimed at providing protection for the hundreds of vessels he said “are lining up to transit.”

“Project Freedom is defensive in nature, focused in scope and temporary in duration, with one mission, protecting innocent commercial shipping from Iranian aggression. American forces won’t need to enter Iranian waters or airspace. It’s not necessary. We’re not looking for a fight,” he said.

However, echoing threats made by U.S. President Donald Trump on Monday night, Hegseth said that Iran “will face overwhelming firepower” if it attacks commercial shipping and that he expected other countries to “step up” to protect the strategically important sea lane “at the appropriate time.”

Day one of Trump’s Project Freedom on Monday saw Iran claim it fired on U.S. naval vessels approaching the strait, forcing one to turn around, while Trump said U.S. forces sank seven Iranian navy “fast boats,” prompting Iranian Foreign Minister Abbas Araghchi to dub the effort “Project Deadlock,” warning that the conflict could only be resolved through compromise.

The UAE also said it was targeted with Iranian missiles and drones for the first time since a cease-fire came into force April 9, blaming the attacks for a fire in its Fujairah Oil Industry Zone in which three people were injured.

“Events in Hormuz make clear that there’s no military solution to a political crisis. As talks are making progress with Pakistan’s gracious effort, the U.S. should be wary of being dragged back into a quagmire by ill-wishers. So should the UAE,” said Araghchi.

The comments came hours after Trump threatened to blow Iran “off the face of the Earth’ if it attacked U.S. vessels involved in Project Freedom.

U.S. Central Command said no U.S. Navy ships had taken fire while Iran rejected as “outright lies,” claims by CENTCOM that two U.S.-flagged merchant vessels “successfully transited through the Strait of Hormuz and are safely headed on their journey.”

President Donald Trump signs a series of executive orders in the Oval Office of the White House on Thursday. Trump signed an order to expand workers’ access to retirement accounts. Trump also signed legislation ending a 75-day partial shutdown of the Department of Homeland Security after the House voted in favor of funding. Photo by Aaron Schwartz/UPI | License Photo

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Iran’s football team shows World Cup readiness with social media posts | World Cup 2026 News

Videos from a tournament kit reveal photo shoot and images from training sessions highlighting Team Melli’s preparations.

Iran’s preparations for the FIFA World Cup appear to be on track, as social media posts from the team’s official account hint at an upcoming tournament kit reveal and show the squad training at an undisclosed location.

Videos posted by Team Melli’s Instagram account on Monday showed players taking part in a photo shoot for what appears to be Iran’s home kit for the World Cup.

Iran are in Group G of the World Cup and will play all their games in the United States, which is cohosting the tournament with Canada and Mexico.

Several members of Iran’s squad, including first-choice goalkeeper Alireza Safar Beiranvand and winger Milad Mohammadi, were shown wearing a new kit in a series of social media posts.

The Team Melli account also posted photos from training sessions, which have been held in Iran before the squad travels to Turkiye for three friendly matches before the World Cup.

The Asian giants’ participation in the tournament became uncertain after the US and Israel launched a war on Iran on February 28, with Iranian officials questioning the US’s role as host and President Donald Trump suggesting Team Melli’s players may not be safe if they travel to his country for the championship.

However, recent statements by FIFA president Gianni Infantino and Iranian football officials have reaffirmed the country’s participation in the World Cup.

Infantino confirmed that Iran will play its games in the US in his opening remarks at the FIFA ⁠⁠Congress in Canada on Thursday.

“Let me start at the outset. Of course, Iran will be participating at the FIFA ⁠⁠World Cup 2026. And of course Iran will play in the United States of America,” Infantino said.

Trump later said he was “OK” with Iran playing in the country.

“If Gianni said it, I’m OK,” Trump told reporters ‌‌at the White House. “You know what? Let ‌‌them ‌‌play.”

Football officials in Iran have outlined the team’s training and preparations for the tournament, which include camps at home and in neighbouring Turkiye before travelling to the US.

“The first phase of the preparation period will end with an intra-team game on Wednesday,” assistant coach Saeed Alhoei told Iranian sport news outlet Varzesh3.

The game will be held at a stadium, and the players will wear official match kits, with an international referee and video assistant referee technology (VAR) to simulate tournament-like conditions.

Alhoei said the squad will depart for Turkiye on Monday for their final leg of preparations before travelling to the US in June.

Team Melli will kick off their ‌‌campaign ‌‌against New Zealand in Los Angeles on June 15 before taking on Belgium at the same stadium on June 21.

“We will have three friendly matches, two of which will probably be against [local] club teams and behind closed doors, and the third against an African team,” Alhoei said. “It is a quality team that can be a good simulation for playing against African teams.”

Iran will face Egypt in their final group match in Seattle on June 26.

On Monday, Iran suffered a significant ⁠⁠blow after it was confirmed that winger Ali Gholizadeh had suffered a season-ending knee injury while playing for his club Lech Poznan in Poland.

Gholizadeh, who would have started on the right ⁠⁠wing at the World Cup, was stretchered off the pitch against Motor Lublin last Saturday, and tests later confirmed he had torn the anterior cruciate ligament in his left knee.

“Gholizadeh will face surgery ⁠⁠in the coming days, followed by several months of rehabilitation,” the club said in a statement.

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Seoul draws 82% of South Korea’s March apartment bids

Seoul apartment buildings are seen in central Seoul, South Korea, 08 March 2026. According to data compiled by KB Kookmin Bank, the average price of apartment units in the top 20 percent sold in Seoul reached 3.47 billion won (USD 2.34 million) in February, up 5.27 million won from the previous month. Photo by YONHAP / EPA

May 4 (Asia Today) — Seoul accounted for more than 80% of first-priority apartment subscription applications in South Korea in March, according to an analysis by real estate platform Zigbang.

Zigbang said Monday that 109,928 first-priority applications were filed nationwide for apartment complexes announced for sale in March. Of those, 90,322, or 82%, were submitted for apartments in Seoul.

The figures were calculated based on the month of the sales announcement. Zigbang said applications were counted according to the date of the initial resident recruitment notice, even when the actual application period extended into the following month.

The increase was sharp compared with earlier months. Complexes announced in January received 10,549 applications and those in February drew 27,313. The number surged past 100,000 in March.

The number of apartment complexes offered also rose from eight in January and 11 in February to 27 in March. The average competition rate climbed from 4.2-to-1 in January to 7.1-to-1 in February and 12.9-to-1 in March.

Analysts said pent-up demand concentrated in March as major Seoul complexes entered the market after limited supply early in the year.

In Seoul, the average competition rate for complexes announced in March reached 156.3-to-1, sharply higher than in January and February. Every complex posted double-digit competition, driven in part by limited general sale units in redevelopment and reconstruction projects.

Major complexes included Acro de Seocho in Seocho District, which recorded a 1,099-to-1 competition rate, Hauterre Banpo in Seocho District at 710-to-1 and Ichon LE-EL in Yongsan District at 135-to-1.

“The recent subscription market continues to show high competition centered on Seoul, but it is difficult to interpret this simply as a divide between the capital region and provincial areas,” a Zigbang official said. “Consumers are clearly moving selectively based on price competitiveness and location rather than region alone.”

The official added that complexes with a strong balance of location, product quality and sale price can continue to attract real demand regardless of region.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260504010000342

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Hyundai, Kia top 40,000 hybrid sales in U.S.

People view the Kia EV3 on display during the New York International Auto Show in New York, New York, USA, 02 April 2026. Photo by SARAH YENESEL / EPA

May 4 (Asia Today) — Hyundai Motor and Kia accelerated their shift toward electrified vehicles in the United States in April, even as overall sales fell slightly.

Hyundai Motor Group said Monday it sold 159,216 vehicles in the U.S. market in April, down 2.1% from a year earlier. Hyundai Motor sold 86,513 vehicles, down 1.5%, while Kia sold 72,703, down 2.8%. Genesis sales rose 0.8% to 6,356 vehicles.

The decline was attributed to a high base effect from advance purchases last year linked to tariff concerns. Major global automakers also reported weaker sales, while Hyundai Motor Group maintained its No. 2 position in the market.

Eco-friendly vehicle sales showed clear growth despite the overall decline. Hyundai and Kia sold 48,425 eco-friendly vehicles in April, up 47.6% from a year earlier. Their share of total sales exceeded 30% for the first time, reaching 30.4%.

Hybrid sales surged 57.8% to a record 41,239 vehicles. Hyundai sold 21,713 hybrids, up 47.7%, while Kia sold 19,526, up 70%.

Electric vehicle sales also rose 7.7% to 7,186. Hyundai EV sales edged lower to 4,779, but Kia’s EV sales jumped 65% to 2,407, driving growth in the segment.

By model, the Hyundai Tucson led sales with 22,024 vehicles, followed by the Elantra with 14,778 and the Palisade with 11,324. Sonata sales rose 18.2% to 7,105, while Elantra sales climbed 12.6%, showing signs of recovery in sedan demand.

Among hybrid models, Sonata hybrid sales surged 170% to 4,520 and Elantra hybrid sales rose 55.3% to 2,399, reflecting stronger demand for electrified models.

For Kia, the Sportage remained the top seller with 15,803 vehicles, followed by the K4 with 13,214 and the Telluride with 12,577. Seltos sales rose 31.7% to 5,335, absorbing demand in the compact SUV segment.

Among Kia’s eco-friendly vehicles, the Sportage hybrid rose 65.2% to 7,446 and EV9 sales jumped 481.5% to 1,349.

Genesis maintained its position in the premium market, led by GV70 sales of 2,837, up 7.7%, and G70 sales of 991, up 23.4%.

Hyundai and Kia said their balanced portfolio of hybrids, electric vehicles and internal combustion engine models is helping them respond flexibly to changing market conditions.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260504010000367

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Explosion at China fireworks plant kills 26, dozens hurt

May 5 (UPI) — An explosion at a fireworks factory in China’s Hunan Province has killed 26 people and injured dozens more, state media reported Tuesday, prompting Chinese President Xi Jinping to call for those responsible to be held accountable.

The blast occurred Monday afternoon at the Huasheng Fireworks Manufacturing and Display plant in the southern city of Liuyang, the state-run Xinhua News Agency reported. Authorities said 26 people were killed and 61 injured at a press conference Tuesday.

Five rescue teams totaling nearly 500 personnel were dispatched to the scene, while an area with a radius of nearly two miles was evacuated due to the risk of further explosions.

Rescuers set up firebreaks and sprayed water over the site to “prevent secondary accidents during the rescue,” Xinhua said.

Mayor Chen Bozhang of provincial capital Changsha told reporters Tuesday that search and rescue operations were largely complete, adding that real-time air and water monitoring showed no signs of environmental contamination.

The person in charge of the fireworks company has been taken into custody, Chen said.

Aerial footage from Chinese state broadcaster CCTV showed widespread damage, with smoldering factory buildings leveled across a wide area.

Xi on Tuesday ordered a prompt investigation into the accident and said “those responsible must be held accountable,” state media reported. He also called for stronger risk screening and hazard controls in key sectors, along with enhanced public safety management.

The blast follows other deadly fireworks-related accidents in China in recent years. Ahead of Lunar New Year celebrations in February, an explosion and fire at a fireworks store in Jiangsu Province killed eight, prompting officials to call for increased safety checks on pyrotechnics.

In 2019, another fireworks factory explosion in Liuyang killed 13 people. The city is the hub of China’s fireworks manufacturing industry, accounting for about 60% of the domestic market and roughly 70% of exports, according to state media.

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3 Army officers dismissed from military service; 1 removed over martial law involvement

Seoul’s Defense Ministry said Tuesday it dismissed three Army officers and removed another from service over their involvement in the 2024 martial law bid. One of the officers, Brig. Gen. Kim Jeong-geun, is seen in this December 2024 photo ahead of questioning by special prosecutors. File Photo by Yonhap

The defense ministry said Tuesday it has dismissed three Army officers from military service and removed another from service over their involvement in former President Yoon Suk Yeol’s short-lived martial law declaration.

The decision came after the ministry convened a disciplinary committee meeting last month to review the cases of the four Army officers accused of involvement in the Dec. 3, 2024, martial law bid.

Brig. Gen. Kim Jeong-geun; Col. An Mu-seong, who had been awaiting promotion to brigadier general; and Col. Kim Se-un were dismissed from military service, the highest level of disciplinary punishment, according to sources. The punishment carries a 50 percent cut in military retirement benefits.

Brig. Gen. Kim and An are accused of deploying troops to the National Assembly on the night martial law was declared, while Col. Kim is accused of transporting the troops to the National Assembly building.

Col. Kim Sang-yong, former deputy chief of the Defense Ministry’s Criminal Investigation Command, was removed from military service, the second-highest level of disciplinary punishment, over his alleged role in helping form a team to arrest key politicians and other major figures. The punishment does not affect military retirement benefits.

The latest move came as the ministry has launched an internal probe into about 860 general-grade and field-grade officers and identified some 180 military personnel as having been involved in the martial law bid in late 2024.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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S. Korea says likely to take days to analyze cause of fire on HMM-operated vessel in Strait of Hormuz

South Korea’s presidential office said Tuesday it would take several days to determine the cause of an explosion and fire aboard a carrier operated by South Korea’s HMM Co. in the Strait of Hormuz. In this photo, taken Tuesday, an employee enters an HMM office in Busan. Photo by Yonhap

The presidential office said Tuesday it will likely take several days to determine the cause of an explosion and fire aboard a Panama-flagged bulk carrier operated by South Korea’s HMM Co. in the Strait of Hormuz.

Presidential spokesperson Kang Yu-jung made the remarks in a written briefing after senior presidential officials, including presidential chief of staff Kang Hoon-sik, held a meeting to discuss the response to the fire.

“It is expected to take several days to analyze the cause,” the spokesperson said. “The government will brief the public transparently after swiftly and accurately determining the cause of the incident.”

The spokesperson said the vessel will be towed to a nearby port using a tugboat for investigation, with investigators from the Korea Maritime Safety Tribunal and the National Fire Agency to be dispatched.

The explosion occurred at about 8:40 p.m. Monday (Korean time), while the HMM Namu was anchored in waters off the United Arab Emirates (UAE), HMM said. The fire began in the engine room, and crew members used carbon dioxide to fight the blaze for about four hours. No injuries were reported, the company said Tuesday.

HMM said security camera footage showed the fire had been put out and said it would later inspect the engine room to assess the damage.

The freighter had 24 crew members on board — six South Koreans and 18 foreign nationals.

The cause of the explosion and fire, as well as the extent of the damage, is currently under investigation.

“It remains unclear whether the incident was caused by an external attack or an internal malfunction,” an HMM official said.

HMM said it plans to tow the freighter to Dubai, a process expected to take several days.

The spokesperson said South Korea is sharing relevant information with the United States, Iran and members of the Gulf Cooperation Council, including Saudi Arabia and the UAE.

She said the oceans ministry and the Cheonghae naval unit operating in the Gulf of Aden are in communication with the HMM Namu, adding the government is in daily contact with the 26 South Korean ships anchored in the strait.

In Washington, U.S. President Donald Trump said Monday that Iran has taken shots at a South Korean cargo ship and other targets as he called on Seoul to participate in a mission to reopen the crucial Strait of Hormuz.

The presidential office separately said it is reviewing Trump’s proposal by considering the readiness posture on the Korean Peninsula and domestic legal procedures.

“(We) are actively taking part in multiple international efforts for the swift stabilization, recovery and normalization of the global maritime logistics network.” it said. “In this context, (we) are paying attention to President Trump’s remarks.”

Industry officials said South Korean-operated ships in waters off the UAE were moving toward Qatar in line with government measures to steer clear of the Strait of Hormuz for safety.

The incident came after the U.S. launched an operation, called Project Freedom, this week to guide commercial vessels stranded by the U.S.-Israeli war against Iran out of the waterway.

HMM operates five vessels in the Strait of Hormuz, including one container ship and two oil tankers.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

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Samsung unions split over wage talks

Samsung Electronics union members hold a large banner during a protest outside the company’s semiconductor plant in Pyeongtaek, South Korea, 23 April 2026. The union has announced plans to launch an 18-day general strike from 21 May to 07 June, which could result in losses for the company of up to 30 trillion won (US $20.3 billion). Photo by HAN MYUNG-GU / EPA

May 4 (Asia Today) — A rift among Samsung Electronics labor unions is widening after a union representing many workers in the company’s device business withdrew from a joint wage negotiation front.

Industry officials said Monday that Samsung Electronics Union Donghaeng, led mainly by workers in the Device eXperience division, sent an official letter to two other unions announcing its withdrawal from the 2026 joint wage bargaining group.

The unions had formed a joint bargaining team in November for wage and collective agreement talks. After negotiations with management stalled, they reorganized the group as a joint struggle headquarters.

The Donghaeng union said it decided to break away because of failed communication and damaged trust among the unions.

“Even when we proposed agenda items for the rights and interests of all union members rather than a specific department, the two unions showed no response or willingness to discuss them,” the union said in the letter.

The union also said it had repeatedly been disparaged and labeled a “company-friendly union,” making it impossible to maintain a cooperative bargaining relationship.

The Donghaeng union has about 2,300 members, with about 70% from the Device eXperience division, which oversees Samsung’s TV, home appliance and smartphone businesses. The union plans to notify management Wednesday of its withdrawal and request separate negotiations.

It also plans to pursue independent activities, including sending letters to executives and staging one-person protests.

The split is expected to deepen tensions among Samsung Electronics unions. Internal criticism has grown that the Samsung Electronics branch of the Super-Enterprise Labor Union, which recently became the company’s majority union, has focused too heavily on performance bonus demands for the Device Solutions division, Samsung’s semiconductor business.

Membership in the Super-Enterprise Labor Union branch has fallen from more than 76,000 to the 74,000 range, and some employees have called for a new union representing only Device eXperience workers.

The joint struggle headquarters, now without the Donghaeng union, still plans to begin procedures for a full strike May 21. Participation by Donghaeng union members is expected to be decided individually.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260504010000424

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Probe finds signs of martial law planning in 2024

Kim Ji-mi, an aide to special counsel Kwon Chang-young, attends a press conference at the counsel team’s office in Gwacheon, south of Seoul, South Korea, 04 May 2026. The special counsel team announced that it has found signs a military unit was making preparations for martial law operations in the first half of 2024, well before former President Yoon Suk Yeol’s declaration in December of that year. Photo by YONHAP / EPA

May 4 (Asia Today) — A special counsel team said Monday it has identified signs that South Korea’s military counterintelligence unit may have begun preparing for a declaration of martial law as early as the first half of 2024.

Kim Ji-mi, a deputy special counsel, said during a regular briefing that investigators confirmed indications of early preparations through questioning of officials from the Defense Counterintelligence Command.

She declined to elaborate on who led the preparations or whether specific plans were in place.

The findings differ from earlier conclusions by a separate special counsel team led by Cho Eun-seok, which had investigated allegations of insurrection and foreign conspiracy related to a Dec. 3 emergency martial law declaration. That team charged former President Yoon Suk Yeol as the alleged ringleader, citing a notebook belonging to former intelligence commander Noh Sang-won as evidence that planning began before October 2023.

However, a lower court rejected the evidentiary value of the notebook, ruling that any decision to impose martial law appeared to have been externally expressed no earlier than Dec. 1, 2024. The court said concrete steps toward implementation began only about two days before the declaration.

The court also found that meetings cited by prosecutors – including a presidential residence dinner in December 2023, a series of gatherings with senior military officials through August 2024 and other meetings in Seoul – could not be directly regarded as preparations for martial law.

Separately, the special counsel team said it would impose a one-month pay reduction on an investigator who posted investigation-related materials on social media. The investigator had uploaded photos including a certificate of appointment and a suspect’s signed statement, which have since been deleted.

The team said it questioned two suspects and 43 witnesses last week as part of the ongoing investigation.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260504010000426

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World Snooker Championship 2026: Wu Yize wins final – who is snooker’s new superstar?

The 2025-26 season has been a breakthrough campaign for Wu.

He claimed his first ranking title at the International Championship in Nanjing last November, then reached the semi-finals of the Masters on his debut.

That form enabled him to rise up to 10th in the world rankings and he will now climb to fourth after picking up snooker’s most famous silverware on Monday.

However, things have not always come easy for Wu, who told the media earlier in the tournament that he would purchase his ideal home if he collected the winner’s prize of £500,000.

His mother, who has been in Sheffield for the tournament, still lives in China and is only an occasional visitor to the UK.

“In the beginning there was not a lot of prize money, so there was definitely a lot of pressure and also there was a lot for myself to improve in terms of my game, so I was definitely feeling the pressure at the time,” said Wu.

“I wasn’t mentally in a good place, but I’m really happy I overcame many difficulties to come to here to where I am today.”

Aside from his swashbuckling and fearless attacking play, there is one other notable thing that stands out where Wu is concerned – his mullet hairstyle.

While that has been dispensed with recently, it highlights that he is not afraid to display his individuality in a sport known for its formal attire and disciplined appearance and that attitude has carried him to glory.

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Hanwha Aerospace to buy $340M more in KAI shares

International military delegates chat with exhibitors next to a FA-50 multirole fighter jet model developed by Korea Aerospace Industries (KAI) at the Defense and Security 2025 exhibition in Nonthaburi, on the outskirts of Bangkok, Thailand. File. Photo by RUNGROJ YONGRIT / EPA

May 4 (Asia Today) — Hanwha Aerospace will acquire additional shares in Korea Aerospace Industries to strengthen cooperation in aviation, space and defense.

Hanwha Aerospace said in a regulatory filing Monday it decided to purchase about 2.96 million additional KAI shares on the open market. The acquisition is valued at up to 500 billion won ($340 million), equivalent to about 2.98% of the company’s equity capital.

The transaction will expand Hanwha Aerospace’s existing stake. The company currently holds about 3.31 million KAI shares. After the additional purchase is completed, its total holdings will rise to about 6.27 million shares, increasing its stake to 6.43%.

The purchase will be made in cash through open-market transactions from this month through December. The final acquisition size may vary depending on market conditions, including share prices.

Hanwha Aerospace said the purpose of the acquisition is to strengthen business cooperation. Industry observers view the move as a strategic step to deepen ties between the two companies in the aerospace and defense sectors.

KAI is South Korea’s leading aerospace company, producing aircraft, satellites and aerospace equipment. It reported 3.7 trillion won ($2.51 billion) in revenue and 187.3 billion won ($127 million) in net income last year.

The investment is expected to help Hanwha Aerospace seek stronger synergies between its businesses in space launch vehicles, aircraft engines and defense systems and KAI’s aircraft and space platform capabilities.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260504010000433

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Pan Ocean tops forecast on LNG, tanker strength

The Malaysia-registered LNG tanker Serry Sandrawash receives LNG for power generation at an LNG (liquefied natural gas) base in Incheon, west of Seoul, South Korea. File. Photo by YONHAP / EPA

May 4 (Asia Today) — Pan Ocean beat market expectations in the first quarter, helped by strong performance in its LNG and tanker businesses.

Pan Ocean said Monday its preliminary first-quarter sales rose 8.3% from a year earlier to 1.51 trillion won ($1.03 billion), while operating profit increased 24.4% to 140.9 billion won ($95.8 million).

The results exceeded market forecasts of 1.46 trillion won ($989 million) in sales and 132.2 billion won ($89.8 million) in operating profit.

Compared with the previous quarter, sales rose 2.2% and operating profit increased 8%. Analysts said expansion of the company’s LNG-focused business portfolio helped defend earnings despite the seasonal shipping slowdown.

By business segment, tanker operating profit rose 41.5% from a year earlier to 28.1 billion won ($19.1 million), supported by strong medium-range tanker market conditions. The LNG business posted 47.2 billion won ($32.1 million) in operating profit, up 49.7%, helped by fleet expansion and higher utilization.

The bulk segment, including grain operations, continued to grow from a year earlier, but profitability weakened from the previous quarter because of spot voyage losses caused by geopolitical risks from U.S.-Iran tensions and rising oil prices. Bulk operating profit totaled 54.7 billion won ($37.2 million).

The container segment posted 9 billion won ($6.1 million) in operating profit, down 42.9% from a year earlier, as oversupply pushed freight rates lower.

Pan Ocean said its strategy of diversifying into LNG and tankers to manage shipping market volatility has begun to show results.

“We will continue efforts to strengthen our ability to respond to market changes, expand our business portfolio and secure stable profitability,” a Pan Ocean official said. “At the same time, we will establish our position as a sustainable company through active ESG management.”

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260504010000408

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Fresh attacks in the Gulf spark fears of renewed war with Iran

Confusion reigned on Monday over the fate of a fragile ceasefire between the United States and Iran after a wave of fresh strikes on the United Arab Emirates and Oman, along with reports of attacks on ships in the Strait of Hormuz, undermined confidence in the truce.

The drone and missile strikes, the first since a ceasefire halted fighting in early April, come after the Trump administration launched a wide-scale naval operation on Monday to “guide” stranded maritime vessels out of the vital waterway.

But fears over a return to war have driven another surge in oil prices, pushing them above $114 per barrel — levels not seen since the ceasefire nearly a month ago. Hundreds of cargo ships from dozens of countries remain stuck in the Gulf. And strikes in Dubai have raised concerns about further disruptions to international air travel at one of the world’s busiest airports.

Iran’s state-run news agency, IRNA, said the new U.S. operation was part of President Trump’s “delirium,” after the Islamic Revolutionary Guard Corps warned that passage through the strait required prior approval from Tehran.

“We warn that any foreign armed force, especially the invading American army, will be attacked if they attempt to approach and enter the Strait of Hormuz,” said Maj. Gen. Ali Abdollahi, according to a statement reported by the Iranian state-run Mehr News Agency on Monday.

The operation, which Trump over the weekend dubbed “Project Freedom,” is supported by 15,000 U.S. servicemen and 100 aircraft, according to U.S. Central Command. Their aim is to deny Tehran control over the strait, a narrow, 21-mile-wide passageway through which a fifth of global energy supplies flows.

On Monday, Trump vowed Iran’s forces will be “blown off the face of the Earth” if they attempt to disrupt Project Freedom.

“We have more weapons and ammunition at a much higher grade than we had before,” Trump was quoted as saying in an interview with Fox News.

“We have the best equipment. We have stuff all over the world. We have these bases all over the world. They’re all stocked up with equipment. We can use all of that stuff, and we will, if we need it.”

Iran blocked traffic through the strait soon after the United States and Israel launched their campaign on the country. Last month, days after a ceasefire between Washington and Tehran came into effect, the United States enforced its own naval blockade on Iranian ports in a bid to pressure Iran to make concessions in stalled negotiations.

On Monday, Central Command said in a statement that two American-flagged merchant ships were able to successfully transit the strait, while Central Command head Adm. Brad Cooper said the U.S. military sank six Iranian boats and intercepted missiles and drones targeting civilian vessels.

“We have defeated each and every one of those threats through the clinical application of defensive munitions,” he said.

“Project Freedom is a defensive operation, and we have deployed anti-ballistic missile destroyers,” he added. “Ships in the Gulf waters belong to 87 countries, and we urge ships to cross the strait.”

IRIB, Iran’s state-run broadcaster, quoted a senior Iranian military official who denied Cooper’s claim of sunk Iranian boats. The IRGC said in a statement on the messaging app Telegram that claims of commercial vessels or tankers traversing the strait were “baseless and completely false.”

Though Cooper did not clarify if the ceasefire between Washington and Tehran was now over, a raft of attacks throughout Monday spiked fears that the war would restart, spurring sharp price increases in already-jittery energy markets.

The UAE said a fire broke out and three Indian nationals were injured in the Fujairah Oil Industry Zone, a key export hub for the country, after what it described as an Iranian drone attack.

It also accused Iran of targeting a tanker linked to the country’s state oil company Abu Dhabi National Oil Company in the Strait of Hormuz, while the country’s defense ministry also reported four cruise missiles launched from Iran, saying that it intercepted three of them while the fourth fell in the sea.

“These attacks constitute a dangerous escalation and an unacceptable transgression,” said a statement from the UAE’s foreign ministry, adding that it “reserves its full and legitimate right to respond to these attacks.”

Elsewhere, two foreign workers were injured in an attack on a residential building in the Omani coastal province of Bukha, according to a statement from an unnamed security source quoted by the state-run Oman News Agency. Authorities were investigating the incident but did not elaborate on the perpetrator.

The U.K.’s Maritime Trade Operations Center reported on Monday that a commercial vessel was on fire off the coast of the UAE, while a South Korean bulk carrier ship said it suffered an explosion and a fire in its engine room and the cause was being investigated.

Bulos reported from Beirut, Wilner from Washington.

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3 dead, dozens injured after monster truck crash at show in Colombia

May 4 (UPI) — At least three people were killed and more than 38 others were injured during a monster truck show in the city of Popayán, southwestern Colombia, after one of the vehicles lost control and struck part of the audience, local authorities reported.

According to footage shared on social media and reports from Colombian outlets such as El Tiempo, the vehicle veered off the track following a maneuver, knocked down metal safety barriers and crashed into spectators.

Popayán Mayor Juan Carlos Muñoz confirmed the preliminary toll in a message posted on X.

“We deeply regret the accident …)which has, preliminarily, left more than 38 people injured and 3 dead,” he said.

Among those killed was reportedly a minor, according to local press reports. Several of the injured were also believed to be children.

Colonel Julián Castañeda, commander of the Popayán police, told El Tiempo that the crash was likely caused by a mechanical failure.

“It was a private event. There was a mechanical failure, it left the track. The vehicle accelerated, it could not be stopped,” he said. He added that the driver of the truck was injured but is in stable condition.

Local media identified the driver as Sonia Dilma Segura, who is reportedly the only woman in Latin America authorized to operate this type of vehicle.

Cauca Gov. Octavio Guzmán expressed condolences and said the injured were taken to public hospitals in the city. “We deeply regret the accident,” he said on X.

A local official cited by Colombian media said the event had the required permits, including liability insurance, and that the organizing company had experience in this type of show.



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World Snooker Championship 2026: Wu Yize holds off Shaun Murphy fightback to retain slender lead in final

Wu Yize held off a Shaun Murphy fightback to ensure he will take a slender 13-12 lead into the concluding session of their World Championship final at the Crucible Theatre in Sheffield.

Having watched Wu deliver a succession of big breaks to pull clear at 10-7 overnight, Murphy emphatically roared back into contention in the best-of-35-frames final on Monday afternoon.

The Englishman, who was crowned champion in 2005 and is aiming to set a new record for the longest gap between first and second titles, reeled off the first five frames on offer with breaks of 76, 52, 59 and 60.

However, he was given a huge helping hand by his 22-year-old opponent, who initially appeared to be carrying the weight of the occasion on his shoulders.

With his trademark long-potting ability conspicuous by its absence, Wu repeatedly left Murphy opportunities to capitalise.

To his credit, Wu stopped the rot in the 23rd frame of the match – crafting an important break of 64 after Murphy left a red over the right corner.

That shifted the momentum back in Wu’s favour, allowing him to limit the damage.

Wu, who could become the second-youngest world champion at snooker’s most famous venue, levelled the match after a contribution of 46 and then regained the lead with runs of 60 and 61 in the final frame of the session.

It means that there will only be one frame separating the finalists when they return at 19:00 BST – the first time that has happened since 2014, when Mark Selby eventually defeated Ronnie O’Sullivan 18-14.

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Iran threatens to attack U.S. forces if they try to free trapped ships

Tehran on Monday responded to a U.S. military operation to guide commerical ships marooned in the Persian Gulf out via the Hormuz Strait by warning that any American forces that entered or approached the strait would be attacked. File photo by Stringer/EPA

May 4 (UPI) — The Iranian military threatened Monday to attack U.S. forces if they attempt to implement U.S. President Donald Trump‘s “Project Freedom” to bring ships trapped in the Persian Gulf out through the Strait of Hormuz.

In a statement carried by state-run broadcaster IRIB, the commander of Khatam al-Anbiya Central Headquarters, the Iranian military’s central command, warned the Americans not to approach the strait and that no vessels would be permitted to transit safely without Iran’s permission.

The statement also appeared to threaten Iran’s neighbors in the Gulf and other allies of the United States.

“Do not approach the Strait of Hormuz. Any foreign armed force, especially the aggressive American army, will be attacked if they intend to approach and enter the Strait of Hormuz. Supporters of the evil America should be careful and not do anything that will lead to irreparable regret, because America’s aggressive action to disrupt the current situation will have no result other than complicating the situation and jeopardizing the security of vessels in this area,” said central command chief, Maj. Gen. Ali Abdullahi.

“In any circumstances, any safe passage through this strait will be carried out in coordination with the Armed Forces,” added Abdullahi.

The warning came hours after Trump announced plans to use U.S. military assets deployed in the region, including guided-missile destroyers, over 100 land and sea-based aircraft, multi-domain unmanned platforms and 15,000 marines, to “guide” ships and crews “safely out of the Strait.”

U.S. Central Command confirmed in a news release posted on X that the operation to restore freedom of navigation for all commercial shipping, with the exception of vessels servicing Iran, would get underway on Monday.

“The mission, directed by the president, will support merchant vessels seeking to freely transit through the essential international trade corridor. A quarter of the world’s oil trade at sea and significant volumes of fuel and fertilizer products are transported through the strait. Our support for this defensive mission is essential to regional security and the global economy as we also maintain the naval blockade,” said U.S. CENTCOM Commander Adm. Brad Cooper.

The developments came as two ships, an oil tanker and a bulk carrier, were attacked near the strait on Sunday.

However, it was unclear how effective the operation might be with Copenhagen-headquartered BIMCO, the world’s largest international shipping association, with more than 2,000 members across 130 countries, telling the BBC that while much depended on the “risk appetite” of individual ship owners, it couldn’t see how an evacuation could work without agreement from Iran.

As many as 20,000 merchant sailors are languishing aboard 2,000 commercial ships marooned in the Persian Gulf by Iran’s effective closure of the Hormuz Strait, according to the U.N.’s International Maritime Organization, which Friday adopted a resolution condemning attacks on shipping that “threaten the welfare of seafarers, represented a grave danger to life and posed a serious risk to the marine environment.”

President Donald Trump signs a series of executive orders in the Oval Office of the White House on Thursday. Trump signed an order to expand workers’ access to retirement accounts. Trump also signed legislation ending a 75-day partial shutdown of the Department of Homeland Security after the House voted in favor of funding. Photo by Aaron Schwartz/UPI | License Photo

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One of the Wonders of the World to get new £500million airport next year

A HUGE new airport could soon make it easier to travel to one of the iconic Wonders of the World.

Chinchero International Airport was first announced nearly 30 year ago, in a bid to increase tourism to Peru.

A ne airport could connect tourists to one of the Wonders of the World Credit: b720 | Fermín Vázquez Arquitectos
Machu Picchu currently takes days to get to, with flights to Lima before buses and hikes Credit: Getty

The new airport would be on the outskirt of Chinchero, which would mean getting to the historic Machu Picchu much easier as well.

Currently, tourists take days travelling from Lima and Cusco, usually via plane and bus, followed by a hike.

But the new airport – first announced back in 1978 – could make it much easier.

It has run into a number of problems over the years, including internal conflicts across Peru, the Covid pandemic and complaints from locals.

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However, it now hopes to be able to be finished by 2027, with plans to open to the public by 2028.

Predicted to cost $682milliom (£500million), as many as eight million tourists per year could travel through.

This would increase tourism by 200 per cent to the region.

One local told the BBC: “I’ve been hearing about the airport for about 30 years.

“And if I had been here for 50 years, I would have been hearing about it for 50 years.”

It is unlikely to have flights from Europe, as experts have said that “transoceanic flights” wouldn’t be possible due to the altitude.

Currently, most Brits fly to the airport in Lima, Jorge Chávez International Airport, which opened a new passenger terminal last year.

It is likely that instead there would be direct flights from Lima to the new airport.

However, there are fears that the new airport could make the already over-touristy region even worse.

Others have said the new airport would harm the local wildlife, as well as bring too many tourists to the already-busy attraction.

Lima’s main airport is the only access route for Brits getting there Credit: Alamy
The new airport could open by 2027 – more than 30 y ears after i was first announced Credit: Hyundai E&C

In the mean time, some of the other Wonders of the World are much easier to visit.

The Colosseum in Rome is one of them, which is a short flight from the UK. There is also Petra in Jordan, with direct flights to Amman followed by a car ride or guided tour.

The others are slightly more difficult – the Taj Mahal in India is a long flight from the UK, as is the Great Wall of China , Mexico‘s Chichen Itza and Christ the Redeemer in Brazil.

Here are all of the Modern Wonders of the World too.

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Seoul shares spike over 5 pct to approach 7,000 on chip rally; won sharply up

This photo, taken Monday, shows the trading room of Hana Bank in Seoul as South Korean stocks rose more than 5 percent to reach a record high. Photo by Yonhap

South Korean stocks shot up by more than 5 percent to close at a fresh high Monday, approaching the 7,000-point mark, as investors scooped up semiconductor shares while awaiting developments in U.S.-Iran peace talks. The Korean won rose sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 338.12 points, or 5.12 percent, to a fresh record high of 6,936.99.

Trade volume was heavy at 864.3 million shares worth 41.3 trillion won (US$28.2 billion), with losers outnumbering winners 473 to 392.

Foreigners bought 3 trillion won worth of local shares, and institutions purchased a net 1.9 trillion won, while retail investors dumped a net 4.8 trillion won.

The index opened 2.79 percent higher after U.S. President Donald Trump announced a plan to guide ships not involved in the Iran conflict through the Strait of Hormuz as a “humanitarian gesture” starting this week.

Later, a senior Iranian official warned that Tehran would consider any U.S. interference in the strait a ceasefire breach.

However, the KOSPI extended its gains in the afternoon, supported by foreign and institutional buying.

“Tech shares were driven by gains on Wall Street over the weekend,” Lee Kyung-min, an analyst at Daishin Securities, said. “Also, foreign investors expanded their net purchase ahead of the market closure for Children’s Day on Tuesday.”

The main index surpassed the 5,000-point mark in late January and topped another milestone of the 6,000-point level in February.

After recouping its losses in March following the outbreak of the U.S.-Iran war in late February, the KOSPI is now approaching the uncharted 7,000-point level on continued optimism over the AI boom and hopes for the reopening of the key waterway.

Semiconductor stocks led the rally.

Chip giant Samsung Electronics jumped 5.44 percent to 232,500 won, and its chipmaking rival SK hynix surged 12.52 percent to a fresh record high of 1.4 million won, surpassing 10 trillion won in market capitalization for the first time.

Hanmi Semiconductor, a chip equipment manufacturer, rose 2.72 percent to 378,000 won, and Samsung Electro-Mechanics, an electronic components affiliate of Samsung Electronics Co., soared 10.34 percent to 918,000 won.

Defense shares were also strong as industry leader Hanwha Aerospace advanced 3.39 percent to 1.4 million won and LIG D&A gained 4.46 percent to 983,000 won.

Top carmaker Hyundai Motor climbed 1.51 percent to 539,000 won, and leading battery maker LG Energy Solution increased 2.5 percent to 472,000 won.

However, bio shares went south as Celltrion fell 1.35 percent to 197,800 won, and Samsung Biologics dropped 2.58 percent to 1.4 million won.

The Korean won was quoted at 1,462.8 won against the U.S. dollar at 3:30 p.m., up 20.5 won from the previous session.

The quotation marks the highest since February 27, when the currency closed at 1,439.7 to the greenback.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys added 2 basis points to 3.615 percent, while the return on the benchmark five-year government bonds gained 1.7 basis points to 3.797 percent.

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