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Finance

President Lee Jae-myung says KOSPI still undervalued, drop below 8,000 part of normalisation

President Lee Jae-myung (이재명) said recent sharp gains and declines in South Korea\'s stock market should be seen more as a normalisation process than short-term volatility. He said the KOSPI remained somewhat undervalued even after rising faster than expected, and noted that a drop below 8,000 still left the index far above 2,700 before he took office. He also cited factors to restore trust, including easing geopolitical instability and eradicating stock price manipulation.

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.

AI & Enterprise

Korea\'s science ministry launches AI and S&T innovation technology development to boost research productivity

South Korea\'s Ministry of Science and ICT is launching a new research and development program to innovate science and technology research methods using artificial intelligence. The ministry held a project kick-off briefing on June 4 for the AI+Science and Technology innovation technology development program. It selected six projects across six key fields and will invest 22.5 billion won from 2026 to 2029. The program will support computing infrastructure and open research data and AI models through a public platform.