Korea Economic Daily

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Iran Says Renewed Fighting With Israel Will Inevitably Affect US Talks
Iran said diplomatic engagement with the US is continuing, but renewed fighting with Israel will inevitably affect the negotiations. Reuters and AFP reported on June 8 that Iranian Foreign Ministry spokesman Esmaeil Baghaei said diplomatic consultati
13 days agoGeneral
US Chip, FX Shock Batters Seoul Stocks as 97 of Top 100 Fall, Kospi Drops 8.3%
The Kospi tumbled more than 8% on June 8, breaking below 7,500, while the Kosdaq sank 9% to its lowest level in about six months. Global equities came under pressure on concern over the semiconductor cycle and rising expectations for interest-rate hi
13 days agoPiCK
South Korea’s Lee Says Stocks Still Undervalued, Won’s Rise Past 1,500 Per Dollar Is Temporary
South Korean President Lee Jae-myung said on June 8 that stock prices have climbed faster than he expected but are still slightly undervalued. He also called the won’s rise past 1,500 per dollar a temporary phenomenon. At a news conference marking hi
13 days agoGeneral
Nvidia's Jensen Huang Says Naver Is a World-Class AI Developer
13 days agoBreaking
SK Hynix Drops 7.68%, but Leveraged ETF Closes Up 49.7%
SK Hynix closed 7.68% lower on South Korea's stock market on June 8, but a single-stock leveraged exchange-traded fund tracking the chipmaker surged nearly 50% at the close. According to the Korea Exchange, Korea Investment Management's ACE SK Hynix
13 days agoGeneral
Nvidia's Jensen Huang Says He Will Build Massive AI Cloud in Korea, Worldwide
Nvidia Chief Executive Officer Jensen Huang visited Naver's second headquarters and said he would build a massive artificial intelligence cloud in Korea and around the world. Huang met Naver board Chairman Lee Hae-jin on June 8 at Naver 1784 in Seong
13 days agoBreaking
Kospi Plunges 8.3% in ‘Black Monday,’ Posting Second-Biggest Point Loss on Record
A global rout in semiconductor stocks hammered South Korea’s equity markets on June 8, with the Kospi and Kosdaq closing down more than 8% each. The Kospi posted its second-largest point decline on record. Trading was briefly halted in both markets a
13 days agoPiCK
Kosdaq Trading Resumes After 20-Minute Circuit Breaker Halt Is Lifted
Lee Jung-woo, Hankyung.com reporter krse9059@hankyung.com
13 days agoBreaking
South Korea’s Lee Says Won Weakness Is Elevated but Temporary
South Korean President Lee Jae-myung said on June 8 that the recent rise in the won-dollar exchange rate is elevated but temporary. The won traded around 1,550 per dollar earlier in the day, after climbing sharply in recent sessions. At a news confer
13 days agoGeneral
Jensen Huang Says LG’s Future Technologies Are Best in the World, Robotics Partnership Is Crucial
Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com
13 days agoBreaking
Nvidia’s Huang Calls Stock Slide a Buying Opportunity, Says SK Hynix Will Stay Top Memory Partner
Jensen Huang Says ‘the Future of AI Is Very Bright’ Reiterates SK as Nvidia’s Largest Memory Partner Praises South Korea’s AI Competitiveness as ‘Tremendous’ “It means you can buy it at a lower price now.” That was Nvidia Chief Executive Officer Jens
13 days agoGeneral
Won-Dollar Rate Opens at 1,555.2, Highest Since March 2009
The won-dollar exchange rate opened at its highest level in 17 years and three months on June 8. The won opened at 1,555.2 per dollar in Seoul trading at 9 a.m., up 16.1 won from the previous daytime close of 1,539.1. It was the highest opening level
13 days agoPiCK
President Lee Says Government to Draw Up Plan for Effective Use of Extra Tax Revenue From Semiconductors
Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com
13 days agoBreaking
Kospi Triggers Sell-Side Sidecar After Circuit Breaker
Kim Yeon-ji, Hankyung.com reporter kongzi@hankyung.com
13 days agoBreaking
Nvidia’s Huang Says AI Stocks Are ‘Very Cheap’ as Samsung, SK Hynix Pare Early Losses
Samsung Electronics Co. and SK Hynix Inc. plunged in early trading on June 8, shaking South Korea’s stock market. The selloff followed a rout in U.S. semiconductor shares, pushing Samsung below 300,000 won and SK Hynix below 2 million won. The losses
13 days agoGeneral
Kospi Trading Resumes After 20-Minute Circuit Breaker Halt
Kim Yeon-ji, Hankyung.com reporter kongzi@hankyung.com
13 days agoBreaking
Nvidia CEO Jensen Huang Says AI’s Bright Future Is Certain, Calls This a Time to Buy Stocks
Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com
13 days agoBreaking
Nvidia's Jensen Huang Says SK Hynix Will Remain Its Biggest Partner
Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com
13 days agoBreaking
Kospi Plunges More Than 8% at Open, Triggers Circuit Breaker
Kospi Falls Below 8,000 Won-Dollar Exchange Rate Opens Sharply Higher South Korea’s Kospi plunged more than 8% in early trading on June 8, falling to the 7,400 level. The slide followed a sharp selloff in U.S. semiconductor stocks after Broadcom’s ea
13 days agoGeneral
Jensen Huang Says AI Infrastructure Buildout Is Just Beginning, Future Is Bright
Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com
13 days agoBreaking
SK Group's Chey Says Nvidia Partnership Will Expand Beyond Memory to Future AI Factories
Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com
13 days agoBreaking
SK Telecom, Nvidia Pursue Full-Stack AI Cloud Partnership, Target 2027 Korea AI Factory Debut
First AI factory in South Korea to begin operating in 2027 Partnership expands beyond HBM to the full AI infrastructure stack Goal is to become Asia’s leading AI cloud provider SK Telecom Co. is teaming up with Nvidia Corp. to build global AI infrast
13 days agoGeneral
Kospi Triggers Level 1 Circuit Breaker Shortly After Open
Kim Yeon-ji, Hankyung.com reporter kongzi@hankyung.com
13 days agoBreaking
Kospi Drops More Than 8% in Early Trading, Kosdaq Falls 7%
Kim Yeon-ji, Hankyung.com reporter, kongzi@hankyung.com
13 days agoBreaking
South Korean Won Opens at 1,555.2 per Dollar, Highest in 17 Years and 3 Months
Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com
13 days agoBreaking
Naver, Nvidia Forge Partnership to Build Gigawatt-Scale AI Factory
55MW launch in 2027, with expansion toward gigawatt scale Built with Nvidia’s DSX platform and related technologies AI infrastructure alliance to target Asia, the Middle East and Europe Naver said it has formed an integrated partnership with Nvidia t
13 days agoGeneral
SK Hynix, Nvidia Expand Long-Term Partnership on Next-Generation AI Memory
SK Hynix is deepening its memory collaboration with Nvidia as the companies target the artificial intelligence infrastructure market. They will jointly develop next-generation memory for global AI factories and expand a long-term technology partnersh
13 days agoGeneral
Trump Says Iran Missile Attack Hurts Talks, Deal Possible by June 10
President Donald Trump on June 7 urged Iran to stop its missile attacks, return to the negotiating table and reach a deal. He also pressed Israel to refrain from retaliation. The remarks came after Iran launched about 10 ballistic missiles at norther
13 days agoGeneral
Jensen Huang to Cap Korea Visit With Stops at LG, Seoul National University, Hyundai and Naver
Nvidia Chief Executive Officer Jensen Huang will spend the final day of his South Korea trip on June 8 meeting major local companies, a university and AI startups to discuss broader cooperation. Industry officials said Huang is scheduled to start the
13 days agoGeneral
Jensen Huang Says Nvidia May Make Announcements June 8, Plans Meeting With Samsung Chip Chief
“Telecom networks will be used for AI in the future” “I had dinner with Chairman Jay Y. Lee a few weeks ago” Nvidia Chief Executive Officer Jensen Huang said on June 7 that “there may be a few announcements tomorrow,” referring to June 8. Huang spoke
14 days agoGeneral

Iran Says Renewed Fighting With Israel Will Inevitably Affect US Talks

US Chip, FX Shock Batters Seoul Stocks as 97 of Top 100 Fall, Kospi Drops 8.3%

South Korea’s Lee Says Stocks Still Undervalued, Won’s Rise Past 1,500 Per Dollar Is Temporary

Nvidia's Jensen Huang Says Naver Is a World-Class AI Developer

SK Hynix Drops 7.68%, but Leveraged ETF Closes Up 49.7%

Nvidia's Jensen Huang Says He Will Build Massive AI Cloud in Korea, Worldwide

Kospi Plunges 8.3% in ‘Black Monday,’ Posting Second-Biggest Point Loss on Record

Kosdaq Trading Resumes After 20-Minute Circuit Breaker Halt Is Lifted

South Korea’s Lee Says Won Weakness Is Elevated but Temporary

Jensen Huang Says LG’s Future Technologies Are Best in the World, Robotics Partnership Is Crucial

Nvidia’s Huang Calls Stock Slide a Buying Opportunity, Says SK Hynix Will Stay Top Memory Partner

Won-Dollar Rate Opens at 1,555.2, Highest Since March 2009

President Lee Says Government to Draw Up Plan for Effective Use of Extra Tax Revenue From Semiconductors

Kospi Triggers Sell-Side Sidecar After Circuit Breaker

Nvidia’s Huang Says AI Stocks Are ‘Very Cheap’ as Samsung, SK Hynix Pare Early Losses

Kospi Trading Resumes After 20-Minute Circuit Breaker Halt

Nvidia CEO Jensen Huang Says AI’s Bright Future Is Certain, Calls This a Time to Buy Stocks

Nvidia's Jensen Huang Says SK Hynix Will Remain Its Biggest Partner

Kospi Plunges More Than 8% at Open, Triggers Circuit Breaker

Jensen Huang Says AI Infrastructure Buildout Is Just Beginning, Future Is Bright

SK Group's Chey Says Nvidia Partnership Will Expand Beyond Memory to Future AI Factories

SK Telecom, Nvidia Pursue Full-Stack AI Cloud Partnership, Target 2027 Korea AI Factory Debut

Kospi Triggers Level 1 Circuit Breaker Shortly After Open

Kospi Drops More Than 8% in Early Trading, Kosdaq Falls 7%

South Korean Won Opens at 1,555.2 per Dollar, Highest in 17 Years and 3 Months

Naver, Nvidia Forge Partnership to Build Gigawatt-Scale AI Factory

SK Hynix, Nvidia Expand Long-Term Partnership on Next-Generation AI Memory

Trump Says Iran Missile Attack Hurts Talks, Deal Possible by June 10

Jensen Huang to Cap Korea Visit With Stops at LG, Seoul National University, Hyundai and Naver

Jensen Huang Says Nvidia May Make Announcements June 8, Plans Meeting With Samsung Chip Chief