Goldman Sachs: U.S. Big Tech AI Spending to Exceed Japan's GDP by 2030 Goldman Sachs has projected that capital expenditures related to artificial intelligence (AI) by the four major U.S. tech companies—Meta, Microsoft, Amazon, and Alphabet—will surpass Japan's gross domestic product (GDP) by 2030. According to Business Insider on June 3, Goldman Sachs recently updated its forecasts for capital expenditures by AI hyperscalers, estimating that the cumulative spending by these four companies will reach $5.3 trillion (approximately 8,100 trillion won) from 2025 June 4, 2026

Korea Expressway Corporation Secures $186 Million Road Management Contract in Turkey Korea Expressway Corporation has secured a nearly 200 billion won ($186 million) contract for road operation and maintenance in Turkey. On June 3, local time, the corporation announced that it signed a main contract for the operation and maintenance of the Kınalı-Malkara Highway and major repairs for the Malkara-Çanakkale section in Istanbul. This contract represents the largest amount awarded to Korea Expressway Corporation for road operation and maintenance projects abroad. The Kınal June 4, 2026

Strengthening Local Resilience Requires More Than Just Corporate Relocation To effectively address regional extinction, experts recommend focusing on developing new industries tailored to local characteristics and strategies to attract population influx, rather than simply relocating companies from the capital region. On June 4, the Ministry of Planning and Budget and the Long-term Strategy Committee held the sixth meeting of the Future Society Strategy Group, where they discussed strategies to enhance local resilience and long-term policies on climate and ener June 4, 2026

HanDoc's Partner Resolute Announces Interim Results of Phase 3 Clinical Trial for Tumor-Induced Hyperinsulinemia Treatment HanDoc announced on June 4 that its partner, Resolute, presented interim results from the Phase 3 clinical trial of ErsoDetug (RZ358) for patients with tumor-induced hyperinsulinemia (HI) on June 2 (U.S. time). ErsoDetug is a fully human monoclonal antibody that binds to the insulin receptor in an allosteric manner, reducing receptor hyperactivity caused by insulin and related substances, thereby improving hypoglycemia in HI conditions. The upLIFT study is a single-arm, open-label Phase June 4, 2026

Bukwang Pharmaceutical Receives IND Approval for Lurasidone in Major Depressive Disorder Bukwang Pharmaceutical announced on June 4 that it has received approval from the Ministry of Food and Drug Safety for a Phase 3 clinical trial plan (IND) to expand the treatment indications for its schizophrenia and bipolar disorder medication, Lurasidone, to include major depressive disorder (MDD). The clinical trial will focus on adult patients with MDD who have not shown sufficient response to existing antidepressant monotherapy. A total of 364 participants will be involved in the stu June 4, 2026

Defense Ministry Focuses on Restoring Wartime Operational Control and Building a 'People's Army' The Defense Ministry announced that it has consistently pursued the restoration of wartime operational control to establish a defense system led by the South Korean military, coinciding with the one-year anniversary of the Yoon Suk-yeol administration. The ministry emphasized its commitment to implementing a democratic and institutional control system to realize a 'people's army.' On June 4, the Defense Ministry provided a report detailing the government's achievements over the past ye June 4, 2026

TSMC Chairman Hints at Potential Semiconductor Price Increases Amid AI Demand The chairman and CEO of TSMC, the world's largest semiconductor foundry, expressed confidence in future growth driven by increasing demand for artificial intelligence (AI) and hinted at the possibility of raising semiconductor prices. During TSMC's annual shareholder meeting held at its headquarters in Hsinchu, Taiwan, on June 4, Chairman Wei Zhejia noted that customers remain optimistic about AI prospects, stating, "I am confident in our growth over the next few years." He highlighted th June 4, 2026

Hong Myung-bo's Team Secures 1-0 Victory Over El Salvador in Final World Cup Tune-Up Hong Myung-bo's team achieved a victory in their final warm-up match ahead of the 2026 FIFA North Central America World Cup. Under the guidance of head coach Hong Myung-bo, the South Korean national football team defeated El Salvador 1-0 in a friendly match held on June 4 (Korean time) at Brigham Young University's South Field in Provo, Utah. The decisive goal came from Lee Dong-kyung (Ulsan) via a free kick in the 57th minute. Following a 5-0 win against Trinidad and Tobago at the same v June 4, 2026

Major Universities in South Korea Criticize Election Mismanagement Criticism is growing among university students regarding the "shortage of ballots" that occurred during the 9th nationwide local elections held on June 3. On June 4, anonymous posts from students at major universities, including Seoul National University, Korea University, Yonsei University, Sungkyunkwan University, Hanyang University, Chung-Ang University, Hongik University, Inha University, and the Korea Advanced Institute of Science and Technology (KAIST), were shared on the student c June 4, 2026

Meta Delays Launch of 'Muse Spark' API, Impacting AI Monetization Meta has reportedly postponed the launch of its latest artificial intelligence (AI) model's API multiple times. As the company continues to invest heavily in AI infrastructure, the delays are increasing pressure on its monetization efforts. According to the Wall Street Journal on June 3, Meta has repeatedly delayed the release of the API for its latest AI model, 'Muse Spark.' Alexandre Wang, Meta's Chief AI Officer, had indicated to developers in April that the launch was imminent, but no June 4, 2026