Korea Economic Daily

Samsung group-wide union’s Samsung Electronics chapter has about 58,000 members Total falls below the roughly 64,500 needed to keep majority status The Samsung Group-wide Labor Union’s Samsung Electronics chapter, the first union in the company’s his

South Korean police are joining forces with the domestic crypto industry to block voice-phishing proceeds from being laundered through digital assets, as fraud rings increasingly use cryptocurrencies to conceal stolen money. The Korean National Polic

The Organization for Economic Cooperation and Development projects South Korea's nominal economic growth will exceed 10% this year, driven by a semiconductor supercycle that is set to lift both real growth and export prices. In its Economic Outlook r

Surging consumer prices have pushed the real policy rate felt by South Korean households and businesses to its lowest level in three years and two months. The real policy rate, calculated by subtracting consumer inflation from the nominal benchmark r

Chinese artificial intelligence startup DeepSeek is seeking to raise 50 billion yuan ($6.9 billion) from investors including Tencent Holdings Ltd. and battery maker CATL, Reuters and Cailian reported on June 3. Reuters, citing unnamed people familiar

Target raised from 9,000 to 12,000 in less than a month Sees another 36% upside from current levels Goldman Sachs raised its 12-month target for the Kospi to 12,000 from 9,000, citing a semiconductor upcycle that is lasting longer than expected and i

Euro-zone inflation topped 3% in May for the first time in two and a half years, amid fallout from the war involving the US, Israel and Iran. That has all but sealed the case for a European Central Bank rate increase at next week’s policy meeting. Eu

South Korea’s Kospi ended slightly higher on June 2 after a volatile session as the benchmark neared the 9,000 mark. It closed above 8,800 for the first time ever. AI and robotics stocks advanced ahead of Nvidia Chief Executive Officer Jensen Huang’s

Oil prices rose on June 1 after reports that Iran had suspended talks with the US on ending the war in protest of Israel's attack on Lebanon. Brent crude for August settlement closed at $94.98 a barrel on ICE Futures Europe, up 4.2% from the previous

Naver has taken a stake in South Korean drone startup UVify, a move to secure technology related to drones and advanced air mobility as physical artificial intelligence built around autonomous systems broadens into those fields. Naver said June 1 tha

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

Chinese overseas subsidiaries brought under export controls Move targets Nvidia Blackwell procurement Malaysia and other third-country routes in focus Even H200 faces hurdles under China’s own rules The US is moving to stop Chinese companies from usi

Iranian Media Say Tehran Plans to Submit Its Own Revisions Trump Sought Additional Concessions in Draft War-End MOU Tasnim Source Says Nothing Has Been Finalized Iran Is Also Preparing for a No-Deal Outcome President Donald Trump has sought additiona

Dedicated chip to be used in MS Surface and other laptops Aiming at the fast-growing AI agent market Nvidia and Microsoft will unveil a new artificial intelligence PC at Computex, the IT trade show opening in Taiwan on June 1. Related announcements a

Iran's Islamic Revolutionary Guard Corps said on May 31 it shot down a US MQ-1 drone after it entered Iranian airspace. The claim adds to reports of limited military clashes even as the US and Iran continue peace negotiations. Iran's state-run IRNA n

Samsung Electronics Becomes No. 1 in Automotive Memory Market Share Reaches 40% Last Year Samsung Electronics Co. overtook Micron Technology Inc. to become the world’s largest supplier in the automotive memory semiconductor market for the first time.

Foreign investors were net sellers of more than 44 trillion won on the Kospi this month, the biggest monthly selloff on record. Data from the Korea Exchange showed foreign investors were net sellers of 44.715 trillion won on the Kospi in May. That ma

The US government said it will bar Americans from entering into any agreements with Iran for passage through the Strait of Hormuz, whether or not a toll is paid. In a statement on May 29, the Treasury Department said US persons must not use any servi

Financial Services Commission Chairman Kim Byoung-hwan said on May 30 that the government plans to launch an additional tranche of the public-participation Korea Growth Fund after the product sold out just five days after its debut. Appearing on a pr

President Donald Trump convened a meeting on a peace agreement with Iran but did not reach a decision, the New York Times reported. The newspaper reported on May 29 that the White House Situation Room meeting ended without a breakthrough. Citing admi

President Donald Trump said on May 29 he would hold a meeting in the White House Situation Room to make a final decision on a war-ending agreement with Iran. The US has been conducting backchannel negotiations with Iran through mediators including Pa

Samsung Shares Jump 6% as Chip Rally Continues Market Value Doubles in Four Months After Crossing 1,000 Trillion Won Average Price Target Raised to 390,417 Won From 290,000 Won in a Month SK Hynix Grows to More Than 80% of Samsung’s Size Korea’s Two

All 38 unions to convene, with first meeting set for June 4 Solidarity between parent-company and subcontractor unions spreads after Yellow Envelope law took effect "Union risk is rising across manufacturing" Labor unions at Hyundai Motor Group affil

South Korea's labor minister on May 29 defended his proposal to share excess profits at large companies, saying it is not about "cutting open the goose" but a shared-growth approach aimed at easing polarization and strengthening corporate competitive

The three major U.S. stock indexes all closed at record highs on May 28, lifted by a report that the U.S. and Iran had effectively concluded negotiations on a memorandum of understanding to end hostilities, with only President Donald Trump’s approval