Concerns Rise Over Market Volatility Ahead of SpaceX IPO As SpaceX prepares for its record-breaking initial public offering (IPO), concerns are growing about potential volatility in global stock markets. Fortune reported on June 7 that while there is increasing enthusiasm on Wall Street for buying shares ahead of the SpaceX IPO, significant buying demand could lead to the sale of other assets, thereby increasing overall market volatility. SpaceX plans to sell over 555 million shares at $135 each, aiming to raise at least $75 billion. This would p June 8, 2026

Israel Launches Additional Strikes Against Iran Despite Trump’s Pleas Israel has conducted additional airstrikes against Iran. This escalation follows reports that U.S. President Donald Trump urged Israeli Prime Minister Benjamin Netanyahu to refrain from further attacks, raising new complications for ongoing U.S.-led negotiations aimed at ending hostilities with Iran. On June 8, local time, the Israeli military announced it targeted military sites in western and central Iran. The Iranian Revolutionary Guard claimed that Israel used air-launched ballistic mis June 8, 2026

SK Hynix and NVIDIA Partner to Develop Next-Generation Memory for AI Factories SK Hynix and NVIDIA are collaborating on the development of next-generation memory to build an essential infrastructure for the artificial intelligence (AI) era, known as the "AI factory." The two companies aim to establish a long-term technology partnership that integrates AI throughout the semiconductor design and manufacturing processes, accelerating their efforts to lead the AI semiconductor ecosystem.On June 8, SK Hynix announced an expansion of its strategic cooperation with NVIDIA to enha June 8, 2026

Italy's Defense Minister Advocates for NATO Expansion to Include Global Partners Guido Crosetto, Italy's Defense Minister, has called for the expansion of the North Atlantic Treaty Organization (NATO) to include countries beyond Europe and North America. He specifically mentioned South Korea, Japan, India, Brazil, and Australia as potential partners. In an interview published on June 5, Crosetto stated, "The world has changed," emphasizing that NATO must consider new strategic partners. He argued that NATO should not remain solely a military alliance centered on Europe June 8, 2026

President Lee Calls Local Election Results a 'Warning' from the Public President Lee Jae-myung stated on June 8 that the results of the June 3 local elections serve as a "warning" from the public regarding his administration. During a press conference at the Blue House commemorating his first year in office, President Lee responded to questions about the election outcomes and potential shifts in government policy, saying, "We must adopt a more humble attitude." He noted, "Whether we won or lost depends on the criteria used. However, if we lost where we June 8, 2026

President Lee: Han Seong-sook is Qualified for Prime Minister, Cabinet Will Accelerate On June 8, President Lee Jae-myung announced that he had given considerable thought to the nomination of Han Seong-sook as Prime Minister, stating, "The conclusion was to choose someone who will simply get the job done." During a press conference at the Blue House marking his first anniversary in office, President Lee addressed questions regarding future government policies, saying, "The party will effectively manage any political elements involved." He added, "Our cabinet will s June 8, 2026

LG's Koo and Nvidia's Huang Discuss Future AI Collaboration Koo Kwang-mo, chairman of LG Group, and Jensen Huang, CEO of Nvidia, met on June 8 at LG's headquarters in Yeouido, following a dinner on June 5, to explore collaboration on next-generation artificial intelligence (AI) infrastructure.After a one-hour meeting at LG Twin Tower, Koo stated, "Today, I had extensive discussions with CEO Jensen Huang about our future vision. We agreed that increased collaboration between our companies is essential to accelerate the AI era."Koo added, "We didn't have e June 8, 2026

Average Price of Private Apartments in Seoul Exceeds 2.1 Billion Won for First Time As of May, the average selling price of private apartments in Seoul, based on the standard size of 84 square meters, has surpassed 2.1 billion won for the first time. On June 8, Realhouse, a company specializing in sales evaluation, analyzed data from the Korea Real Estate Agency's subscription home service. They found that the average selling price for nationwide private apartments of 84 square meters was 727.02 million won, based on a 12-month moving average. This figure represents a June 8, 2026

KOSPI Attempts Recovery After Plummeting Below 7400, Supported by AI Stocks The KOSPI has begun to recover after initially plunging into a "panic selling" phase. Following a drop below 7400, which triggered a circuit breaker, buying interest from institutions and individual investors helped the index bounce back above 7800. Notably, shares of Naver and SK Telecom surged, driven by expectations of collaboration with NVIDIA in artificial intelligence (AI). As of 12:04 PM, the KOSPI was down 389.62 points (4.77%) at 7770.97. Earlier in the day, the index fell more June 8, 2026

People Power Party Submits Request for National Investigation into Ballot Shortage and Police Violence The People Power Party submitted a request for a national investigation to the National Assembly on June 8 regarding the ballot shortage that arose during the recent local elections. Kwak Kyu-taek, the party's floor spokesperson, spoke to reporters outside the National Assembly's legislative office, stating, "All lawmakers from the People Power Party have submitted a request for a national investigation into the ballot shortage and police violence during the June 3 local elections." Th June 8, 2026