CENTCOM: Iran's Missiles Fail to Hit Targets in Kuwait The U.S. Central Command (CENTCOM) reported that Iranian missiles failed to hit their intended targets in Kuwait. This statement comes after Iran claimed to have attacked U.S.-related facilities in the Gulf region, which the U.S. denied, stating there were no American casualties. On June 3, CENTCOM posted on X (formerly Twitter) that "Iran launched several ballistic missiles toward regional nations, but none struck their intended targets." According to CENTCOM, two missiles fired by Iran t June 4, 2026

Democratic Party Wins Local Elections, Opposition Suffers Defeat The Democratic Party achieved a decisive victory in the local elections and National Assembly by-elections held on June 3, with no unexpected outcomes. The People Power Party had hoped for a last-minute rallying of support, aided by former Presidents Lee Myung-bak and Park Geun-hye campaigning for them, but failed to turn the tide. This outcome is seen as a boost for the administration of President Lee Jae-myung, marking its first year in office. In this election, the Democratic Party was June 4, 2026

Jung Cheong-rae Delays Local Election Briefing as Seoul Mayor Race Tightens Jung Cheong-rae, the head of the Democratic Party's central election campaign committee, postponed a briefing scheduled for 7 a.m. on June 4 regarding the local election results. This delay is believed to be due to the close race for the Seoul mayoral election, where results have yet to be finalized. In a statement to the media, the Democratic Party announced, "We will inform you of the new briefing schedule as soon as it is set." While the party has achieved a significant victory in the e June 4, 2026

U.S. Secretary of State Rubio: Sanctions Relief Linked to Iran's Nuclear Program U.S. Secretary of State Marco Rubio stated that any sanctions relief in negotiations with Iran must be contingent upon the country abandoning its nuclear program. He emphasized that simply reopening the Strait of Hormuz would not suffice for lifting sanctions. On June 3, during a House Foreign Affairs Committee hearing, Rubio denied speculation that the U.S. had proposed sanctions relief in exchange for reopening the Strait of Hormuz. He asserted, "For sanctions relief to be considered, June 4, 2026

Goldman Sachs Raises KOSPI Target to 12,000, Citing Semiconductor Boom ◆Ajou Economic Key News ▷Goldman Sachs Raises KOSPI Target to 12,000, Citing Semiconductor Boom - Goldman Sachs has raised its 12-month target for the KOSPI index from 9,000 to 12,000, citing a boom in AI semiconductors and improved corporate earnings. - The firm assesses that there is approximately a 36% upside potential based on the current index, reinforcing its optimism about the South Korean stock market. - The AI semiconductor supply chain, led by Samsung Electronics and SK Hynix, i June 4, 2026

Anthropic Selects Morgan Stanley and Goldman Sachs as IPO Underwriters AI startup Anthropic has reportedly chosen Morgan Stanley and Goldman Sachs as underwriters for its initial public offering (IPO). According to Bloomberg on June 3, Anthropic selected Morgan Stanley and Goldman Sachs to lead the IPO process, with JPMorgan Chase also participating in the deal. However, the listing procedures and conditions have yet to be finalized. Bloomberg noted that discussions are ongoing, and additional banks may join or details may change. Anthropic, Morgan Stanle June 4, 2026

Gmarket Cultivates Star Sellers Through Data and Promotions Gmarket is actively cultivating star sellers by discovering small brands, local producers, and new sellers with competitive products. On June 3, Gmarket announced that its category managers have collaborated with sellers to identify high-potential products, resulting in food brands that have been on the platform for less than two years reaching category leadership, and local agricultural products achieving sales in the tens of thousands. Gmarket supports the growth of new brands by an June 4, 2026

Trump to Attend G7 in France After UFC Event at White House Donald Trump, President of the United States, announced he will travel to France for the G7 summit after hosting a UFC event at the White House. He emphasized the event at the White House South Lawn, calling it an "unprecedented event in American history." On June 3, Trump posted on Truth Social, stating, "The UFC World Championship match at the White House South Lawn will be one of the most enjoyable nights in American history, and I will head to France for the G7 right after that." He c June 4, 2026

New York Stock Market Declines Amid Middle East Tensions and Rising Oil Prices The New York stock market fell due to rising tensions in the Middle East and increasing oil prices. After reaching record highs, profit-taking occurred, and concerns that surging oil prices could disrupt inflation and interest rate forecasts dampened investor sentiment. On June 3, the Dow Jones Industrial Average closed down 620.72 points (1.21%) at 50,687.07. The Standard & Poor's 500 index fell 56.06 points (0.74%) to 7,553.72, while the Nasdaq composite dropped 239.92 points (0.89%) to 2 June 4, 2026

Trump Says U.S. Close to Peace Agreement with Iran President Donald Trump announced that a peace agreement with Iran is within reach, highlighting progress in negotiations despite ongoing military tensions between the two nations. On June 3, during a press briefing in the Oval Office, Trump stated, "Iran is very close to a peace agreement with the United States." He added, "It could happen over the weekend," emphasizing that anything is possible when dealing with Iran. Trump identified the core issue of the negotiations as Iran's nuclear pr June 4, 2026