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Finance

Mitos puts financial security to the test as network separation easing begins

Single-stock leveraged ETFs and ETNs tied to Samsung Electronics and SK Hynix sharpened semiconductor concentration in South Korea\'s stock market, with first-day turnover topping 10 trillion won. Regulators warned investors about amplified losses. Financial firms also stepped up responses to AI-driven cyber threats as the emergence of high-performance AI \"Mitos\" raised concerns about more sophisticated hacking, prompting authorities to review easing and possible full removal of network separation rules.

AI & Enterprise

U.S. blocks exports of AI chips to overseas Chinese affiliates, Nvidia and AMD shares face opening pressure

The U.S. government is requiring export licences for advanced AI chips shipped to overseas affiliates of Chinese companies, a move that could pressure Nvidia and AMD shares at the June 1 market open. The Commerce Department\'s Bureau of Industry and Security issued guidance requiring separate approval when the ultimate parent is in China. The measure aims to close enforcement gaps rather than impose a blanket ban, while raising due diligence requirements across distributors and cloud resellers.

Finance

Savings banks sustain profit after PF cleanup; expanding loans for lower-credit borrowers remains task

South Korea\'s savings banks posted 333.8 billion won in net profit in the first quarter, extending a return to the black helped by lower provisions and cleanup of problem property project financing. Some operating indicators improved and capital ratios stayed solid, but delinquency and non-performing loan ratios rose. Lending to mid- and lower-credit borrowers shrank by more than 1 trillion won from a year earlier, raising concerns about weakening support for households and small businesses.