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Finance

KOSPI nears 9,000 as stocks tied to second \'kkangbu meeting\' lead rally

South Korea\'s KOSPI jumped more than 3 percent on June 1 to set another record, led by gains in shares seen as linked to a second \'kkangbu meeting\' with Nvidia CEO Jensen Huang. Institutions were net buyers while foreigners sold heavily. Most heavyweight shares rose, including Samsung Electronics and NAVER, while the Kosdaq fell for a fifth straight session. The won strengthened against the dollar in Seoul trading.

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

LG CNS expands North America manufacturing AX market, targets small and mid-sized makers

LG CNS showcased its AI smart factory solution, Factova, at IoT Tech Expo 2026 held in San Jose, California, on May 18-19 local time. The company said Factova applies AI, big data and IoT across manufacturing processes to optimise operations and make factories more intelligent. It highlighted Factova MES for real-time data collection and analysis, and Factova Control for standardising and integrating equipment data. LG CNS also cited results at domestic sites.