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Finance
KOSPI closes near 8,860, hits record high close
South Korea's KOSPI reversed early losses on Tuesday to finish near the 8,860 level, setting an all-time high on a closing basis. Expectations of an improved macro environment persisted, with downward pressure on oil prices after a U.S.-Iran ceasefire began and a cooling surge in the won-dollar exchange rate. The KOSDAQ also ended up more than 1 percent. Individuals and institutions were net buyers, while foreigners turned net sellers.
AI & Enterprise
Non-x86 server revenue surges 107 percent in a year, x86 share falls to around half
Server revenue using AMD and Intel x86 chips has fallen to just over half of total server sales, The Register reported on June 16, citing IDC. IDC data for the first quarter of 2026 showed non-x86 server revenue jumped 107 percent from a year earlier to $58.7 billion, accounting for 47.9 percent of the market. Total server revenue rose 30.4 percent to $122.6 billion, while x86 revenue slipped 2.9 percent to $63.9 billion.
Crypto
Cardone Capital takes on U.S. REIT market with hybrid real estate-bitcoin structure
Cardone Capital is seeking to enter the U.S. real estate investment trust market with a hybrid structure that pairs large multifamily properties with bitcoin. CEO Grant Cardone said the approach could target higher returns than traditional REITs and attract investors without prior bitcoin exposure. The firm said it buys discounted institutional-grade apartments and holds both property cash flow and bitcoin in a separate LLC. It cited a Boca Raton deal totaling about $335 million.
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Telecommunications & Media
Apple to equip all iPhone 18 models with 12GB RAM
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People & Appointments
KOFIA volunteers at Hansarang Village, donates 20 million won
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Finance
Korea finance sector backs youth employment with AI finance training
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Finance
Elon Musk net worth tops bitcoin market value, surpasses $1.4 trillion
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AI & Enterprise
LG CNS signs deal with SMEs federation to support AI transformation for small manufacturers
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AI & Enterprise
Beehiiv launches Claude and ChatGPT integration to automate newsletter publishing
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Telecommunications & Media
Foldable iPhone launch delay rumours spread, reveal this year vs delay to early 2027
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Telecommunications & Media
South Korea, Japan to coordinate on WRC-27, discuss 6G and LEO satellite communications
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Finance
Shinhan Financial launches integrated Shinhan Super SOL one-app platform
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Crypto
BOJ rate hike to 30-year high has limited impact on bitcoin
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People
KT discusses innovation in AI era with women scientists and engineers
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Telecommunications & Media
D'Live to co-produce travel programme with Japan's Chukai TV
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Crypto
Bitcoin spot ETFs lose ground as Hyperliquid sees inflows; institutional money moves against the trend
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AI & Enterprise
Google Cloud launches Google Security Operations platform in Seoul region to support data sovereignty for South Korean firms
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AI & Enterprise
IITP to boost full-stack linking AI semiconductors and physical AI to respond to AX 2.0