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Finance

KOSPI nears 8,500 as focus turns to whether semiconductor rally cools

South Korea's stock market this week is expected to test whether heavy concentration in semiconductor and AI leaders begins to ease as the KOSPI approaches 8,500. The KOSPI closed at 8,476.15 on May 29 after a sharp rise, while the Kosdaq fell. Gains were driven by a limited number of large caps and leveraged products. Analysts see June as a period of moderating momentum, with attention on the pace of gains and continued dominance by Samsung Electronics and SK Hynix.

AI & Enterprise

National AI Strategy Committee releases 8 months of results, discloses action plan and budget

South Korea's National AI Strategy Committee said it released major results from its first 100 days after launching in September. It said it confirmed the 'Korea AI Action Plan' in February after holding about 100 meetings and collecting 559 public opinions. It said it agreed four key tasks related to using works for AI training, prepared measures on government AI infrastructure and security, and disclosed integrated budget data for 741 AI projects worth 9.9 trillion won across 41 ministries.

AI & Enterprise

Nvidia steps up push into PC CPU market with integrated-chip Windows PCs in sights

Nvidia is stepping up its push beyond GPUs into the PC CPU market, drawing attention to how it could affect a landscape dominated by Intel and AMD. Axios reported Nvidia plans to unveil next week its first Windows PC using its own chip as the main processor. The chip is expected to integrate CPU, GPU and NPU functions in a system-on-chip design. Microsoft and PC makers, including Dell, plan to show products at Computex and Microsoft Build.