Eunma Apartment Reconstruction Project Receives Approval for Public Review The Eunma Apartment, a symbol of reconstruction in Seoul's Gangnam area, has entered the public review phase for its reconstruction project, marking a significant step in the approval process. On June 12, the Gangnam District of Seoul announced the posting of the "Public Notice for the Approval of the Eunma Apartment Reconstruction Project" and made relevant documents available for public inspection until June 26. According to the district, the public review is being conducted to gather June 12, 2026

Middle East Ceasefire Nears, Renewed Focus on Construction and Steel Stocks As geopolitical tensions in the Middle East ease and the possibility of a U.S.-Iran peace agreement becomes clearer, investor interest is returning to construction and steel stocks, which have been overlooked recently. On June 12, the KRX construction index surged 11.18%, the highest gain among all sectors on the KRX. The news of an imminent signing of a memorandum of understanding (MOU) between the U.S. and Iran has alleviated geopolitical uncertainties, leading to a flow of funds into c June 12, 2026

TSMC Dominates Foundry Market with 72% Share as Samsung Falls Behind Demand for artificial intelligence (AI) semiconductors is significantly reshaping the global foundry market. TSMC solidified its dominance with a market share exceeding 70% in the first quarter of this year, while Samsung Electronics experienced a decline in market share despite an increase in revenue. According to market research firm TrendForce, the revenue of the top 10 global foundry companies reached $47.953 billion in the first quarter, marking a 30.7% increase year-over-year and a June 12, 2026

U.S. Plans to Reduce One-Third of Fighter Jets Deployed in Europe The Trump administration plans to reduce the number of fighter jets stationed in Europe for NATO operations by one-third, according to a report by The New York Times citing two senior European officials. This move comes as President Trump has consistently criticized European nations for their low defense spending, arguing they are taking advantage of U.S. security support. The report indicates that the U.S. intends to cut the number of F-16 and F-15E fighter jets in Europe from approxim June 12, 2026

Supreme Court Rejects Appeal to Disqualify Judges in Yoon Suk Yeol's Case The Supreme Court has definitively rejected an appeal from former President Yoon Suk Yeol to disqualify judges in his insurrection case, in which he was sentenced to life imprisonment in the first trial.On June 12, the Supreme Court's Second Division, led by Justice Oh Kyung-mi, dismissed Yoon's request to disqualify the judges handling his appeal. As a result, the trial, which had been suspended due to the disqualification request, is expected to resume soon.Yoon's legal team filed the disquali June 12, 2026

SK Networks Accelerates Shift to AI Company as Investment Results Begin to Show SK Networks is accelerating its transition to an artificial intelligence (AI)-focused business model. The company is moving away from its traditional operations in car rentals and telecommunications distribution, shifting towards a significant restructuring centered on AI, data, and robotics. As it marks the third year of its transformation into an AI company, market interest is growing as some investment results become visible.According to Mirae Asset Securities on June 12, SK Networks has emer June 12, 2026

NH Investment & Securities Introduces New Leadership Structure After 10 Years NH Investment & Securities is set to unveil a new management structure a decade after its re-establishment. Following the merger of Woori Investment & Securities and NH Nonghyup Securities in 2015, the company is transitioning to a dual CEO system that separates investment banking (IB) and wealth management (WM), marking the beginning of its 'fourth leadership' era. This new leadership will be tested as it aims to lead the IMA business and compete in the large-scale IB sector. On June 12, June 12, 2026

Hong Myung-bo Praises Players After South Korea's Comeback Win Over Czech Republic Hong Myung-bo, head coach of the South Korean national football team, credited his players for their hard-fought comeback victory in their opening match of the 2026 FIFA North America World Cup group stage. On June 12, South Korea defeated the Czech Republic 2-1 at the Estadio Guadalajara in Mexico's Sapopan, thanks to second-half goals from Hwang In-beom of Feyenoord and Oh Hyun-kyu of Beşiktaş. In a post-match press conference, Coach Hong stated, "Before the game, I told the players not June 12, 2026

Justice and Gender Equality Ministries Form Legislative Committee to Support Female Violence Victims The government has decided to actively pursue legislative support activities in collaboration with relevant civic organizations to eradicate violence against women.On June 12, the Ministry of Justice established a legislative committee with the Ministry of Gender Equality and organizations supporting female violence victims, holding its first meeting to discuss specific operational methods.Attendees included officials from the Ministry of Justice and the Ministry of Gender Equality, as well as K June 12, 2026

Nomura: Semiconductor Supercycle Just Beginning, KOSPI to Reach 11,000 Global investment bank Nomura Securities has stated that the semiconductor supercycle driven by the rise of artificial intelligence (AI) has just begun, suggesting a potential reevaluation of domestic semiconductor companies. As demand for AI-driven memory continues to surge, there is an analysis that the valuation of the semiconductor sector, particularly for Samsung Electronics and SK Hynix, may expand significantly. At a media briefing on the 2026 South Korean economy and stock market June 12, 2026