Global
FX
South Korea, Still Haunted by the '97 Trauma, Cautiously Launches 24-Hour Won Trading
Deep within the government complex in Sejong City, officials from the Ministry of Finance and Economy are monitoring every move of the won’s exchange rate from a room known as “the box.” With the won’…
Energy
Amid a Surge in AI Power Demand… Government and Industry Kick Off Efforts to Commercialize DC Power Grids
Efforts to industrialize direct current (DC) power grids—in response to the expansion of artificial intelligence (AI) data centers and renewable energy—are now in full swing.
Lee Ho-hyun (fifth fro…
Stocks
Michael Burry: "Massive Investment in Samsung INICS Corporation Is the Beginning of the End"... Short Selling of AI-Related Stocks on the Rise
Hedge fund investor Michael Burry, who predicted the 2008 global financial crisis and served as the real-life inspiration for the movie "The Big Short," has significantly increased his short bets on a…
Politics (Global)
U.S. Rejects USMCA Extension… 10-Year Time Limit Maintained with 'Annual Review'
The Trump administration has rejected a long-term extension of the United States-Mexico-Canada Agreement (USMCA). The agreement will remain in effect for 10 years, but the three countries will transit…
IT
“Gold RWA Market Has Great Potential… We Will Build a Global Gold Trading Infrastructure”
“The physical gold-linked asset (RWA) market is a sector that has only just begun to take off. Although Lion Asset is still a small startup, we aim to expand into a global financial infrastructure tha…
FX
Won Hits 17-Year Low… Foreign Investors Continue ‘Sell Korea’ for 8th Consecutive Day
The won-dollar exchange rate has soared to its highest level since the global financial crisis (weak won). This comes as foreign investors are pulling out of the domestic stock market on a large scale…
Management
"South Korea Is the 'Foundry' of the U.S. SMR Industry… Set to Shape the Nuclear Power Renaissance"
As the commercialization of small modular reactors (SMRs) in the U.S. faces structural limitations—namely, a lack of manufacturing capacity and skilled labor—an analysis suggests that South Korea has …
Manufacturing
"China's CXMT to Supply Tens of Trillions of Won Worth of DRAM to Tencent"... Accelerating the Pursuit of Samsung and SK hynix
It has been reported that Chinese memory chip manufacturer Changxin Memory Technology (CXMT) has signed a large-scale, long-term DRAM supply contract with Chinese tech giant Tencent. As demand for ser…
Manufacturing
GL Pharm Tech Corp. Launches Proenza Soft Capsules… Targets Prostate Cancer Treatment Market with Ajin Pharmaceutical
GL Pharm Tech Corp.(204840)has launched Proenza Soft Capsules 40mg (active ingredient: enzalutamide), a prostate cancer treatment, and has begun supplying it to the domestic market.
Proenza Soft C…
Energy
Reduce Electricity Usage by 25% This Summer to Save Up to 67% on Bills
A view of an electric meter installed in a building in downtown Seoul on June 22. (Photo: Yonhap News)
Households that reduce their electricity usage by 25% this summer—primarily between 5 p.m. an…