Korea Economic Daily

Anthropic races ahead of OpenAI in push toward an IPO Google seeks another $80 billion after borrowing $85 billion AI’s top three names could absorb $200 billion from equity markets AI rivalry is becoming a capital-raising war, not just a technology

Anthropic has confidentially filed draft paperwork for an initial public offering, putting it ahead of OpenAI and positioning the company for a potential listing as soon as this fall. Once seen as a smaller startup that entered the market later than

Euro-area inflation climbed above 3% for the first time in 2 1/2 years in May, driven by the fallout from the war involving the U.S., Israel and Iran. The jump has all but sealed a European Central Bank rate increase at next week's policy meeting. Eu

Nvidia Chief Executive Officer Jensen Huang left SK Hynix a handwritten message asking for more high-bandwidth memory, or HBM. He also toured the company’s key memory products with SK Group Chairman Chey Tae-won and other senior executives. Huang mad

"The essence of blockchain gaming is enabling users to directly own and trade the assets they acquire in games." Jang Hyun-guk, chief executive officer of Nexxus, said in an interview on June 2 that the industry needs to move away from a structure in

Nvidia Chief Executive Officer Jensen Huang said employees should be paid as much as possible when asked about Samsung Electronics Co.’s bonus system. At a global media briefing at the Grand Hilai Taipei on June 2, Huang was asked how he viewed the r

Markets are increasingly treating a Bank of Korea interest-rate increase in July as a foregone conclusion after consumer inflation climbed into the 3% range in May. The shift comes as both the living-costs index and core inflation, two gauges the cen

South Korea’s stock market has overtaken India to become the world’s sixth-largest, as investors piled into heavyweight chipmakers such as Samsung Electronics Co. and SK Hynix Inc. amid the artificial intelligence semiconductor boom. Bloomberg and ot

Naver Cloud is teaming up with Nvidia to push into the global AI factory market. The companies plan to deepen cooperation across AI infrastructure, models, services and physical AI as they seek to expand their influence in the global race to build AI

South Korea’s Kospi ended marginally higher after a volatile session as the benchmark approached the 9,000 level. It still finished above 8,800 for the first time on a closing basis. AI and robotics shares advanced ahead of Nvidia Chief Executive Off

Kospi up 86% this year South Korea’s stock market has overtaken India to become the world’s sixth-largest by market capitalization after the Kospi surged 86% this year, led by Samsung Electronics Co. and SK Hynix Inc. riding an artificial intelligenc

‘Agentic AI’ Era Has Arrived and Will Be Everywhere Nvidia Chief Executive Officer Jensen Huang said both South Korea and Taiwan are special when asked to compare the two. Huang made the remarks in Taipei on June 1 after a dinner with representatives

SK Telecom Co. shares hit a new 52-week high on June 2 as optimism over cooperation with Nvidia Corp. boosted investor sentiment. At 9:31 a.m., the stock was trading at 124,700 won, up 12,500 won, or 11.14%, from the previous session. It rose as high

Samsung Electronics rises while SK Hynix falls South Korea’s Kospi swung around the 8,600 level early on June 2 after reversing sharply lower. As of 9:17 a.m., the benchmark index was down 120.42 points, or 1.37%, at 8,667.96. The Kospi opened 1.08%

Kim Yeon-ji, Hankyung.com reporter kongzi@hankyung.com

SK Group is moving to strengthen its long-term partnership with Nvidia through a series of meetings focused on AI infrastructure. SK Group Chairman Chey Tae-won met Nvidia Chief Executive Officer Jensen Huang in Taipei on June 1 to discuss cooperatio

Anthropic, the developer of the Claude artificial intelligence model, has moved ahead of OpenAI in starting the process for a US listing after securing a higher valuation. Anthropic said June 1 that it had confidentially submitted a draft registratio

Tech stocks led Wall Street higher on June 1, lifting the three major indexes to fresh records despite a rise in oil prices. The Dow Jones Industrial Average rose 46.42 points, or 0.09%, to 51,078.88. The S&P 500 gained 19.90 points, or 0.26%, to 7,5

Oil prices rose on June 1 after reports that Iran had suspended talks with the US over a ceasefire, protesting Israel's attack on Lebanon. August Brent crude futures settled at $94.98 a barrel on ICE Futures Europe, up 4.2% from the previous session.

Semiconductor INSIGHT Jensen Huang Signals Bigger Investment in South Korea Robotics ‘AI and Robotics’ Can Maximize Korea’s Potential Meets SK Chairman Chey Tae-won Separately to Discuss Cooperation Unveils CPU at Computex Keynote ‘Will Accelerate th

Samsung Electronics Co. surged more than 10% on the first trading day of June, pushing the market capitalization of its common shares above 2,000 trillion won ($1.5 trillion). The company had previously exceeded that threshold including preferred sha

Iran has again made a ceasefire in Lebanon a core condition for any memorandum of understanding with the US to end hostilities, as negotiations over the pact have stalled at the last minute. Iranian Foreign Minister Abbas Araghchi wrote on X on June

Former Bank of Japan board member Makoto Sakurai said Japan risks being forced into aggressive interest-rate increases if it fails to respond quickly to inflation fueled by the war in Iran. He said consumer inflation could accelerate to 3.5% in the f

Samsung Biologics Co.’s voluntary turnover rate fell to 1.9% last year, dropping into the 1% range as the company boosted pay and benefits. According to the company’s ESG report disclosed on June 1, voluntary turnover declined from 4.5% in 2021 to 4.

Naver Corp. has taken a stake in South Korean drone startup UVify, moving to secure technologies tied to drones and advanced air mobility as the physical artificial intelligence industry broadens beyond autonomous driving. Naver said June 1 that it i

Nvidia Chief Executive Officer Jensen Huang will visit South Korea this week for a series of meetings with leaders of the country’s largest business groups, as the company moves to deepen cooperation in artificial intelligence, robotics and other adv

Interest is building in South Korea’s semiconductor and information-technology industries as Nvidia Chief Executive Officer Jensen Huang is set to visit the country this week. Yonhap News reported on June 1 that Huang is due to arrive in South Korea

Hong Min-sung, Hankyung.com reporter, mshong@hankyung.com

Samsung Electronics jumps more than 10% intraday; LG shares also rally South Korea’s Kospi extended its record-setting run on June 1, the first trading day of the month, triggering a buy-side sidecar that suspends program buy orders for five minutes.