Surge in Tax Revenue Driven by Semiconductor Boom This year, national tax revenue is expected to exceed the government's revised projections made during the supplementary budget process in April. The increase in corporate tax revenue due to a strong semiconductor market and a surge in securities transaction tax from a booming stock market could result in an additional 10 to 15 trillion won in tax revenue beyond the estimates. According to relevant authorities on June 14, the cumulative national tax revenue from January to April reached June 15, 2026

Renowned Interpreter Choi Jeong-hwa Passes Away at 71 Choi Jeong-hwa, a renowned professor emeritus at Hankuk University of Foreign Studies and a key interpreter for Korea-France summits from the 1980s to the 2000s, passed away on June 14 at the age of 71. Born in Seoul, Choi graduated from Kyunggi Girls' High School and earned her bachelor's degree in French from Hankuk University of Foreign Studies. She later obtained her master's and doctoral degrees from the Interpretation School at Paris III University. At a time when there were no int June 15, 2026

LS Cable Wins Contract for Second Phase of HVDC Project in Korea LS Cable has secured a contract for the second phase of the Korea Electric Power Corporation's (KEPCO) East Coast to Seoul high-voltage direct current (HVDC) project. Following its participation in the first phase last year, the company has once again demonstrated its competitiveness in the HVDC sector by engaging in this critical national power grid project. According to industry sources on June 15, LS Cable won the turnkey contract for the second phase of the East Coast to Seoul HVDC pr June 15, 2026

Daishin Securities Raises Target Price for Shinsegae Amid Strong Sales Growth Daishin Securities announced on June 15 that it is raising its target price for Shinsegae from 600,000 won to 1,000,000 won, citing improvements in department store and duty-free shop performance due to a recovery in domestic consumption and an increase in foreign tourists. The firm maintained its "buy" rating. Yoo Jeong-hyun, a researcher at Daishin Securities, stated, "The domestic department store sector is entering a new growth phase, driven not only by a recovery in domestic consumpt June 15, 2026

U.S. and Iran Reach Peace Agreement, Signing Scheduled for June 19 in Switzerland The United States and Iran have reached a peace agreement to end hostilities. The two sides are set to sign the agreement on June 19 in Switzerland, which includes the reopening of the Hormuz Strait and the lifting of the U.S. maritime blockade against Iran. On June 15, local time, Pakistani Prime Minister Shahbaz Sharif announced via X (formerly Twitter) that the two countries had finalized the peace agreement. He stated, "We have decided to immediately and permanently cease military oper June 15, 2026

Pakistan Prime Minister Announces US-Iran Peace Agreement, Signing Set for June 19 in Switzerland Reuters reported on June 15 that the United States and Iran have reached a peace agreement. Amid growing concerns that military clashes between the two nations could escalate across the Middle East, Pakistan's Prime Minister publicly announced the details of the agreement and the signing schedule. Prime Minister Shahbaz Sharif stated early on June 15 via X (formerly Twitter) that "the United States and Iran have reached a peace agreement." He revealed that the official signing ceremony is s June 15, 2026

Bitcoin Surges to $65,000 Amid U.S.-Iran Ceasefire News Bitcoin and major altcoins experienced a rise as the U.S. and Iran moved toward a ceasefire, easing tensions in the Middle East. This shift has restored investors' appetite for riskier assets. According to CoinMarketCap, Bitcoin was trading at $65,335 as of 8 a.m. on June 15, reflecting a 1.36% increase from the previous day. Ethereum rose by 2.53% to $1,720, while Binance Coin (BNB) and Solana increased by 0.62% and 1.99%, respectively, reaching $613 and $70. Ripple (XRP) also saw a 1. June 15, 2026

Hana Securities Raises Target Price for Shinhan Financial Group Amid Non-Banking Profit Growth Hana Securities announced on June 15 that it expects Shinhan Financial Group's non-banking sector profitability to improve rapidly, raising its target price to 135,000 won. The investment recommendation remains a 'buy.' In a report released that day, analyst Choi Jeong-wook stated, "Dividends are expected to increase by more than 10% annually, and the total shareholder return rate will continue to rise towards 60%." Choi noted that the selling pressure from other corporations, which had June 15, 2026

Trump Announces Completion of Agreement with Iran, Approves Opening of Hormuz Strait Donald Trump, President of the United States, announced that an agreement with Iran has been finalized. His statement came shortly after Pakistan's Prime Minister revealed that the U.S. and Iran had reached a peace agreement, which is set to be officially signed on June 19 in Switzerland, raising hopes for a reduction in Middle Eastern tensions. On his social media platform, Truth Social, Trump wrote on June 15, "The agreement with the Islamic Republic of Iran is now complete. Congratulati June 15, 2026

Trump Secures Peace Agreement with Iran on His Birthday President Donald Trump announced on June 14 that he has officially ended the conflict with Iran, coinciding with his birthday. According to reports from Axios and other outlets, Pakistani Prime Minister Shehbaz Sharif expressed his satisfaction on social media platform X, stating, "After intensive discussions, I am pleased to announce that the peace negotiations between the United States and the Islamic Republic of Iran have been concluded." He added that both sides declared an immediate June 15, 2026