KB Securities Raises SK Telecom's Target Price Amid AI Infrastructure Growth KB Securities announced on June 11 that it has raised its target price for SK Telecom from 130,000 won to 150,000 won, citing significant growth in the company's AI infrastructure business. The firm maintained its "buy" rating on the stock. Analyst Kim Jun-seob from KB Securities noted that SK Telecom has secured both data center and GPU as a Service (GPUaaS) segments, which are critical to its infrastructure business. Since launching its GPUaaS operations in 2024, SK Telecom has been co June 11, 2026

Middle East Tensions and Foreign Investor Sell-Off Drive Won-Dollar Exchange Rate Fluctuations As risk-averse sentiment spreads due to escalating tensions in the Middle East, the won-dollar exchange rate opened higher. On June 11, the exchange rate for the Korean won against the U.S. dollar was trading at 1,523.4 won as of 9:15 a.m. in the Seoul foreign exchange market. The rate opened at 1,525.5 won, up 1.3 won from the previous trading day. The rise in the exchange rate was influenced by renewed tensions in the Middle East. Following the U.S. Central Command's announcemen June 11, 2026

NH Investment & Securities Raises Target Price for Samsung C&T Amid Growth Prospects NH Investment & Securities announced on June 11 that it has raised its target price for Samsung C&T from 425,000 won to 550,000 won, citing expectations for increased high-tech construction orders and growth in nuclear power and small modular reactor (SMR) projects, along with an anticipated expansion in shareholder returns. The firm also noted a higher likelihood of dividend increases and maintained its investment recommendation at "buy." Lee Seung-young, a researcher at NH Investment & June 11, 2026

Trump Sparks Controversy with 'I Love Inflation' Comment Amid Rising Prices Donald Trump, the President of the United States, faced backlash on June 10 after stating he "loves inflation" in response to rising consumer prices, which have reached their highest level in over three years. According to reports from AP and the New York Post, during a press briefing at the White House, Trump was asked about concerns regarding the increase in the Consumer Price Index (CPI) for May. He responded, "The numbers are great. Do you know what I really love? I love inflation." June 11, 2026

Hanwha Life's Kim Dong-won Designs AI and Digital Finance Ecosystem Kim Dong-won, president of Hanwha Life, has expanded the company's presence through digital innovation, global network development, and new business exploration. He has led Hanwha Life's digital transformation and overseas expansion as the Chief Digital Officer (CDO) and Chief Global Officer (CGO). Recently, his strategic vision has become clearer with Hanwha Investment & Securities' increased stake in Dunamu, investments in blockchain and digital assets, and the strengthening of its global fint June 11, 2026

Gwangju and Jeonnam: A Vision for AI and Energy Integration “(ABC Broadcasting's question: Mayor, Gwangju has AI, and Jeonnam has energy. Can the combination of AI and energy make it the center of South Korea's industrial map?) South Korea's industrialization has centered around the Gyeongbu axis, with Seoul and the metropolitan area leading in finance and information technology, while Ulsan, Pohang, and Changwon became manufacturing hubs. In contrast, Gwangju and Jeonnam have often remained on the periphery of national development strategies. Although G June 11, 2026

Song Young-gil Reacts to Lee Jae-myung's Comments on Potential Sacrifice Song Young-gil, the longest-serving member of the Democratic Party, expressed his strong reaction on June 11 to President Lee Jae-myung's comment about the possibility of becoming a scapegoat, referencing the history of impeachment and imprisonment of former presidents. He stated that it was a wake-up call and emphasized the need for unity and inclusiveness within the party. In a post on his Facebook, Song recalled the painful memory of bidding farewell to the late former President Roh Mo June 11, 2026

KCTU Calls for Sharing Samsung's Excess Profits Amid Controversy The Korean Confederation of Trade Unions (KCTU) has called for large corporations to share their excess profits with subcontracted workers and local communities, following a controversy over performance bonuses at Samsung Electronics. This statement has sparked significant backlash online. At a press conference on June 10 in Seoul, KCTU Chairman Yang Kyung-soo stated, "The enormous profits generated by the semiconductor boom and the growth of the artificial intelligence industry are conce June 11, 2026

U.S. Refutes Iran's Claim of Closure of Hormuz Strait for Commercial Shipping The U.S. military has countered Iran's declaration of a complete closure of the Hormuz Strait, stating that commercial shipping continues to operate in the area. On June 10, U.S. Central Command (CENTCOM) posted on X (formerly Twitter) that "commercial vessels are still transiting the Strait of Hormuz tonight." CENTCOM characterized Iran's closure announcement as a mere "claim." Earlier, the Iranian military's unified command, the Khatam al-Anbiya Central Command, announced a ban on all June 11, 2026

Iran's UN Ambassador Urges Trump to Halt Threats Amid Rising Tensions Amir Saeed Iravani, Iran's ambassador to the United Nations, called on President Donald Trump to cease his repeated threats against Iran. During a high-level open debate of the UN Security Council held at the UN headquarters in New York on June 10, Iravani urged Trump to "refrain from repeated threats against Iran, including the newly raised threat of military action today." He stated, "The United States has repeatedly pursued failed policies and should have learned that threats and m June 11, 2026