KOSPI Experiences Extreme Volatility, Surpassing COVID-19 and Lehman Crisis Levels ◆Aju Economy Major News ▷KOSPI fluctuates -8.29%, +8.18%, and -4.52% in June, with daily volatility reaching 5.30%. - The KOSPI index has experienced significant fluctuations this month, with declines of 8.29%, gains of 8.18%, and a recent drop of 4.52%. Daily volatility, measured by the standard deviation of daily price changes, has surged to 5.30%. - This level of volatility exceeds that seen during the COVID-19 pandemic in March 2020 (4.21%) and the global financial crisis in October 20 June 12, 2026

Bithumb Issues Guidelines to Prevent Phishing Scams Bithumb announced on June 12 that it has released guidelines to help users prevent phishing scams targeting them, coinciding with its internal "Information Security Day." Recently, phishing scams have evolved, utilizing sender names that closely resemble legitimate sources, URLs that are difficult to distinguish from official sites, and meticulously crafted messages. To assist users in recognizing common phishing tactics, Bithumb has prepared campaign content for self-assessment. The main June 12, 2026

Model Solution Supplies SpaceX Starlink Equipment Samples Model Solution, a subsidiary of Korea and Company listed on the KOSDAQ, has joined the "SpaceX value chain" by supplying samples of equipment related to SpaceX's low-orbit satellite internet service, Starlink. According to investment banking sources on June 12, Model Solution has recently completed the supply of initial mock-ups and prototypes of Starlink satellite terminals and Wi-Fi router equipment to SpaceX. These products have reportedly moved beyond the initial research and develop June 12, 2026

Government to Conduct Safety Inspections on Over 190,000 Factories and Warehouses The South Korean government will begin safety inspections for fire hazards at over 190,000 factories and warehouses nationwide starting in September. This initiative aims to establish an integrated management system across various ministries, consolidating inspections related to construction, fire safety, industrial safety, and hazardous materials to prevent major fires. On June 12, during a meeting of the Emergency Economic Headquarters and the Economic Relations Ministers' Meeting at the June 12, 2026

South Korea's Strategic Path Amid Complex Crises Historian Arnold Toynbee explained the rise and fall of civilizations in his work "A Study of History" through the lens of 'challenge and response.' Civilizations thrive when they creatively respond to harsh challenges, but they collapse when they fail to do so. In 2026, South Korea faces a formidable 'complex crisis' characterized by five simultaneous waves: declining trust in the United States, a more assertive China, a resurgent North Korea, Japan's militarization, and shocks to energy June 12, 2026

Trump Nominates Jay Clayton as New Director of National Intelligence Donald Trump, the President of the United States, has nominated Jay Clayton, the U.S. Attorney for the Southern District of New York, as the new Director of National Intelligence (DNI). Clayton's background in financial regulation and law is expected to raise questions about his qualifications during the Senate confirmation process. On June 11, Trump announced Clayton's nomination via social media platform Truth Social, describing him as a "highly respected individual" and urging the Senat June 12, 2026

Trump Administration to Maintain 10% Global Tariff Amid Legal Appeals The Trump administration's 10% global tariff, introduced to fill a gap in reciprocal tariffs, is likely to remain in effect until its scheduled expiration in late July. On June 11, the U.S. Court of Appeals for the Federal Circuit ruled that the Trump administration could continue collecting the 10% global tariff while the appeal is pending. This decision temporarily halts a previous ruling by the U.S. Court of International Trade that deemed the tariff unlawful. The ruling allows the c June 12, 2026

Former Lawmaker Min Byung-du Launches New Theater Company Unexpected second acts can emerge in life. Many believe that once individuals reach the pinnacle of social success, they enter a phase of winding down. However, some choose to view this juncture as a new starting line. Instead of merely wearing their past achievements like medals, they embark on new dreams. This was evident in the recent founding of the Gold Grass Theater by former lawmaker Min Byung-du, who staged the inaugural play "Unruly Youth." This theater's establishment is not just a cul June 12, 2026

BlackRock Bets $8 Billion as SpaceX Sets Record IPO Elon Musk's aerospace company, SpaceX, has finalized its initial public offering (IPO) price, marking the largest IPO in history. The offering has attracted significant interest from institutional and retail investors, ensuring its success even before trading begins. On June 11, SpaceX announced that it sold 555,555,555 shares at $135 each, raising a total of $75 billion. This valuation places the company at approximately $1.77 trillion. This IPO surpasses the previous record set by Saudi June 12, 2026

BlackRock Bets $5 Billion on SpaceX Ahead of Record IPO Elon Musk's aerospace company, SpaceX, has attracted significant orders from institutional and individual investors ahead of its record initial public offering (IPO). The Wall Street Journal reported on June 11, citing sources, that BlackRock, the world's largest asset manager, has placed an order for at least $5 billion worth of SpaceX shares. Other major asset management firms are also said to have submitted similar-sized orders. SpaceX announced that it has sold all 555,555,555 shares June 12, 2026