Samsung's Vice Chairman Discusses Long-Term Collaboration with Nvidia's Jensen Huang Jung Young-hyun, CEO of Samsung Electronics and Vice Chairman of the Device Solutions (DS) division, met with Nvidia CEO Jensen Huang on June 8 to discuss supply strategies for the next-generation high-bandwidth memory (HBM) products, HBM4E and HBM5. The meeting took place at the Shilla Hotel in Jung-gu, Seoul. After the discussions, Jung told reporters that he felt they had the best conversations yet with Huang, stating, "We have been collaborating for a long time, and I believe we had th June 8, 2026

Trump Urges Israel and Iran to Cease Hostilities Immediately President Donald Trump has strongly urged both Iran and Israel to immediately halt their military confrontations. This call for de-escalation comes amid fears that an escalation into full-scale war could jeopardize the fragile ceasefire between the United States and Iran and derail ongoing peace negotiations. On June 8, Trump conveyed his message via his social media platform, Truth Social, emphasizing, "Israel and Iran must stop firing immediately." He also advised Israel against further June 8, 2026

Hanwha Aerospace Explosion Leaves 7 Dead; CEO Faces Charges On June 8, labor authorities charged Hanwha Aerospace CEO Son Jae-il in connection with an explosion at the company's Daejeon plant that resulted in seven casualties. The Daejeon Regional Employment and Labor Office announced that Son is being investigated for violating the Serious Accidents Punishment Act. Additionally, the Daejeon Police Agency has charged Daejeon plant manager Ka Jae-woong with negligent homicide, while the labor office has also charged him with violating the Occupationa June 8, 2026

Supreme Court Chief Justice Accepts Resignation of Election Commission Chair Supreme Court Chief Justice Cho Hee-dae has accepted the resignation of Noh Tae-ak, the Chair of the Election Commission, following the ballot shortage incident during the June 3 local elections. According to legal sources on June 8, Chief Justice Cho has revoked Noh's nomination to the Election Commission and notified the commission of this decision. Noh announced his resignation on June 5, just two days after the ballot shortage, stating, "I feel a deep sense of responsibility for the June 8, 2026

South Korea Explores Collaboration with NVIDIA on AI Factory and GPU Supply The Ministry of Science and ICT has indicated the potential for further collaboration with NVIDIA beyond the acquisition of 260,000 graphics processing units (GPUs). On June 8, Deputy Prime Minister and Minister of Science and ICT Baek Kyung-hun stated before a private meeting with NVIDIA at the Shilla Hotel in Seoul, "We plan to discuss the establishment of physical AI and AI factory solutions with NVIDIA, and we may explore collaboration options that go beyond the previously announced June 8, 2026

Government Restructures Hydrogen Power Bidding Market to Promote Clean Hydrogen The government is set to overhaul the hydrogen power bidding market by discontinuing support for coal and ammonia co-firing power generation, aiming to expand domestic clean hydrogen production. This move is seen as a step towards creating a clean hydrogen ecosystem based on electrolysis and enhancing greenhouse gas reduction efforts. The Ministry of Climate, Energy and Environment announced on June 8 that it will publicly announce a revision to the 'Notice on Annual Purchase Volume Calculation June 8, 2026

South Korea Allocates 11.5 Billion Won for Fertilizer Price Subsidies As the Middle East conflict continues, fertilizer prices have risen, prompting the South Korean government to announce on June 8 that it will provide 11.5 billion won in price subsidies to alleviate the financial burden on farmers. The supply of mineral fertilizers is predominantly managed through the National Agricultural Cooperative Federation (Nonghyup), which determines prices through bidding and negotiations with producers. Due to the ongoing conflict, the price of urea, a key ingredient i June 8, 2026

Nexspace Hosts 'MapleStory Vibe Camp' to Enable Game Development Without Coding Nexspace, a blockchain subsidiary of Nexon, is hosting the 'MapleStory Vibe Camp' until June 29, allowing anyone to create games. As AI technology lowers the barriers to game development, the initiative aims to blur the lines between players and creators while fostering the Vibe Camp and MSU Space ecosystem. Participants will utilize official resources from the MapleStory universe and AI development tools. The Vibe Camp is conducted in collaboration with Verse8, an AI-based game developm June 8, 2026

Jensen Huang: AI Factory Demand Surges as SK, Hyundai, LG, Doosan Form Alliances "We need to build more AI factories," Jensen Huang, CEO of NVIDIA, succinctly summarized his visit to South Korea, which lasted four days. On the final day, June 8, during a visit to SK's headquarters in Seoul, he emphasized, "There is tremendous demand for more AI factories globally, and business is booming." Huang met with major South Korean companies, including SK, LG, Hyundai Motor, and Doosan, to discuss AI collaboration strategies. In the morning, he met with Chey Tae-won, Chairman o June 8, 2026

High Exchange Rates Boost Exports but Increase Cost Pressures The won-dollar exchange rate has surged past 1,500 won, creating mixed outcomes across various sectors. Companies with a high export ratio are anticipating improved profitability from the rising exchange rate, while those heavily reliant on imported raw materials and energy are concerned about increasing cost pressures. Consumers are also expected to face higher living expenses due to rising import prices. According to the Bank of Korea, the average won-dollar exchange rate from June 1 t June 8, 2026