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Finance

Financial Services Commission, industry ministry to grow physical AI firms with National Growth Fund

South Korea\'s Financial Services Commission and Ministry of Trade, Industry and Energy will link the National Growth Fund with a manufacturing AI transformation project to identify and support leading companies in physical AI. They discussed support measures at a joint public-private meeting at Korea Development Bank. The plan targets sectors including AI factories, robots and future vehicles, with about 16 trillion won to be supplied this year across six related fields.

Industry

Hyundai Motor Group to buy SoftBank\'s remaining stake in Boston Dynamics

Hyundai Motor Group is seeking to buy SoftBank’s remaining 9.65 percent stake in Boston Dynamics for $325 million, or about 500.1 billion won, to secure full ownership. Foreign media reported the group is expected to approve the deal at a board meeting on June 22. The price implies a valuation of about $3.37 billion, although some market estimates put the company at $20 billion or more. The sale is linked to a 2021 agreement.

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.