Deputy Prime Minister Baek Kyung-hun Meets NVIDIA's Jensen Huang to Discuss AI Collaboration The Ministry of Science and ICT is accelerating efforts to expand domestic AI infrastructure and foster a Physical AI ecosystem in collaboration with NVIDIA. On June 8, Deputy Prime Minister and Minister of Science and ICT Baek Kyung-hun met with NVIDIA CEO Jensen Huang at the Korea AI Ecosystem Reception held at the Shilla Hotel in Seoul. The two sides discussed ways to expedite the establishment of NVIDIA's computing infrastructure in South Korea and enhance cooperation for the growth o June 8, 2026

High Exchange Rates Lead to Record Overseas Investment by Korean Firms The won-dollar exchange rate surged past 1,560 won, intensifying tensions in the foreign exchange market. This spike is attributed to escalating geopolitical risks in the Middle East and unprecedented foreign investor sell-offs in the stock market. Analysts suggest that the root cause of the high exchange rate extends beyond short-term supply shocks to a structural "dollar outflow" issue within the South Korean economy. Despite earning dollars through exports, these funds are quickly funnel June 8, 2026

High Dollar Exchange Rate Persists Despite Export Boom and Dollar Shortage The won-dollar exchange rate has surged to levels reminiscent of the global financial crisis, yet the supply of dollars in the foreign exchange market remains limited. Analysts suggest that dollars earned from exports are not entering the market but are instead being held in deposits, which is constraining any potential decline in the exchange rate. According to the Bank of Korea, as of April, domestic companies held $80.04 billion in dollar deposits, a 10.1% increase from the previous June 8, 2026

Controversy Erupts Over Choi Wook's 'Tank' Remarks on YouTube Show Progressive YouTube channel 'Maebul Show' host Choi Wook is facing backlash over his controversial 'tank' remarks. In a recent episode analyzing local election results, Choi referenced certain online communities and aggressive political activities, stating, "Aren't these guys idolizing Chun Doo-hwan? We need to push them out of the online space like a tank." He added, "As for that crime," clarifying his target. Following the remarks, criticism spread online. Viewers commented, "Are you criticizi June 8, 2026

Nvidia's AI Factory Supercycle Boosts South Korean Industry Nvidia CEO Jensen Huang's visit to South Korea signals a potential expansion of the artificial intelligence (AI) supercycle from memory semiconductors to the AI factory sector. Companies are expected to enter a significant phase of benefiting from AI in data centers, robotics, and manufacturing. On June 8, Huang met with leaders from major South Korean corporations, including SK, Hyundai, and LG, to discuss AI collaboration strategies. During his visit, he engaged with the local business June 8, 2026

K-Memory Expansion: Demand Surge in Supercomputers, PCs, and Robotics The demand for memory semiconductors is rapidly expanding beyond AI data centers to encompass supercomputers, AI PCs, and robotics, driven by the proliferation of artificial intelligence (AI). The applications for advanced K-memory, which has primarily focused on AI accelerators like graphics processing units (GPUs), are expected to broaden significantly.On June 8, Jensen Huang, CEO of NVIDIA, emphasized the importance of Korean memory semiconductors during his third day in South Korea. All four June 8, 2026

Data Breaches at Tving and CU Prompt Anticipation of Coupang Penalties Concerns over data breaches have resurfaced following incidents involving the online streaming service Tving and the convenience store CU. According to industry sources, investigations are underway into Tving and BGF Networks, which operates CU, for large-scale personal information leaks. Attention is also focused on proposed amendments to the Personal Information Protection Act being pushed by the Personal Information Protection Commission (PIPC). The PIPC recently received a report o June 8, 2026

Percentage of Record High Apartment Transactions in Seoul Area Falls Below 10% The proportion of record high apartment transactions in the Seoul metropolitan area has fallen below 10% for the first time this year. The increase in land transaction permit zones and stricter loan regulations have led to a heightened wait-and-see attitude, particularly in high-priced districts of Gangnam. However, record high transactions continue in semi-core areas of Seoul and around the semiconductor industry belt in Gyeonggi Province, highlighting a growing regional polarization. Acc June 8, 2026

Naver and NVIDIA Formalize Global AI and Robotics Alliance Jensen Huang, CEO of NVIDIA, announced a formal partnership with Naver to establish a global AI factory, focusing on three key areas: building frontier AI models, collaborating on AI cloud infrastructure, and developing a robotics-based future business environment. According to the IT industry on June 8, Huang visited Naver's headquarters in Seongnam at 3:45 PM, where he met with Lee Hae-jin, Chairman of Naver's Board, and CEO Choi Soo-yeon. The lobby of Naver 1784 was filled with emplo June 8, 2026

JTI Korea Aims for 10% Market Share by 2028 with New 'Plume Aura' Release JTI Korea is accelerating its market share ambitions with the launch of a limited edition 'Glacier White' version of its heated tobacco device, 'Plume Aura.' On June 8, JTI Korea announced the online release of the 'Plume Aura Glacier White.' This limited edition features a bright white color with a subtle glossy finish, evoking a clean and fresh image. The product is available not only as a standalone device but also in a package that includes a premium front panel, a white back cove June 8, 2026