Yonhap News

A White House official stated on May 29 that any U.S.-Iran agreement must meet three explicit redlines and that Iran can never possess a nuclear weapon. President Trump met with advisers in the Situation Room that day and posted matching conditions on Truth Social. U.S. and Iranian negotiators have discussed extending an existing ceasefire, while an Israeli ambassador outlined additional requirements in unverified remarks.

Verified data from Yonhap News show that average rates on new household loans in South Korea fell to 4.43 percent in April while mortgage-specific rates declined 0.03 percentage points, ending a six-month upward trend that began in October. Overall new bank loan rates and corporate loan rates remained unchanged at 4.2 percent. The Bank of Korea held its benchmark rate steady for the seventh consecutive meeting, and the government maintained stricter rules on home-purchase loans.

Seoul's KOSPI index gained 190.76 points, or 2.33 percent, to reach 8,376.05 by 11:20 a.m. on May 29, 2026, according to Yonhap News. The move coincided with reports of a 60-day US-Iran ceasefire extension and further nuclear talks, alongside record closes for major US indexes and a drop in oil prices. Individual stocks showed varied performance, with LG Electronics rising 26.72 percent and defense names declining.