1. Data from Statistics Korea released on Friday shows that the Consumer Price Index rose 3.3% on-year. However, electricity, gas, and water prices surged more than 23%, marking the second consecutive month that the utility fee increases have been in the 20 percent range.
2. According to South Korea’s foreign ministry, South Korea on Friday imposed unilateral sanctions on a North Korean hacking group known as Kimsuky as a response to the North's botched space rocket launch to put its military spy satellite into space.
3. The US Senate on Thursday passed a bill to lift the debt ceiling for two years, averting a US default with just days before the June 5th deadline.
