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Finance
Retail money pours into Korea Investment Management space ETF ahead of SpaceX listing, 60 billion won net buying
Retail investors in South Korea have been pouring money into domestic space-themed exchange-traded funds ahead of a SpaceX listing, with demand concentrating on an active ETF seen as able to receive IPO allocations. Korea Investment Management said net buying by retail investors in its ACE US Space Tech Active ETF over the past month topped 60 billion won. The firm said it plans to raise SpaceX’s weighting in the ETF to as much as 25 percent through additional purchases.
General News
Lee says 2026 to mark start of 'irreplaceable Korea' dream, new K initiative era
President Lee Jae-myung (이재명) said 2026 will be the year a bold dream begins for an "irreplaceable Korea" that no country can replace. Marking his first year in office, he said South Korea will open a new era of the "K initiative" by building on national experience, capabilities and public energy to overcome crises. He outlined four policy goals covering industry-led growth, diplomacy and security, enforcement of rules, and protecting lives through a stronger social safety net.
Telecommunications & Media
KT runs World Cup pop-up at Onmaru in Gwanghwamun with AI experiences and cheering goods
KT said on Sunday it has opened a pop-up for South Korea's national football team at KT Onmaru in its Gwanghwamun building in central Seoul, in partnership with the Korea Football Association, to mark the 2026 World Cup. The pop-up offers AI-based interactive programmes, including robot caricatures and a photo-assist feature, as well as a fan message media wall and DIY cheering goods. It also features displays tracing South Korean football history.
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Crypto
XRP long bets rise, analyst says it is too early to call a bottom signal
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AI & Enterprise
Companies tighten AI budgets as model routing gains traction, pressuring OpenAI and Anthropic
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Games & Commerce
Neowiz names Park Sung-jun as new CEO, shifts to development-led co-CEO structure
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AI & Enterprise
MyRealTrip CTO Heo Won-jin to speak at Anthropic global developer conference in Tokyo on June 11
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Finance
Shinhan Bank launches emergency loan for basic pension recipients
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Mobility
Waymo, Tesla were preceded by a car that hit 180 kph in autonomous driving in 1995
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Crypto
Cardano core contributor announces exit amid financial troubles, leadership issues
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Mobility
Tesla's real edge is not self-driving but superior user experience
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Crypto
Ethereum funding rates diverge across exchanges, signalling cooling leverage demand
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Mobility
Volkswagen sales chief says combustion cars are like horses and EVs are much better
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Crypto
Bitcoin weekly drop 16 percent; breach of $60,000 may test $50,000 level
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Mobility
Third-party device restores Apple CarPlay in GM EVs for $199
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AI & Enterprise
Pentasystem partners with EDB to target sovereign AI with EDB PostgreSQL database
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AI & Enterprise
Zhongji Innolight becomes top-weight stock in CSI300, pushing past CATL
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Crypto
Strategy bitcoin sale rattles market as 'never sell' narrative breaks