Snowflake Acquires Natoma to Strengthen Governance in AI Systems Global AI data cloud company Snowflake announced on May 29 that it has acquired Natoma, a company specializing in the Enterprise Model Context Protocol (MCP) platform. This acquisition aims to establish a governance layer for the integrated management of AI agents' access to corporate systems. With this acquisition, Snowflake will embed a native identity governance and access management framework into its platform, which will govern how AI agents access applications, databases, APIs, an May 29, 2026

Trump Shares Draft Agreement to End War with Iran with Allies President Donald Trump has shared a draft agreement aimed at ending the war with Iran with allied nations, including Israel. This marks a significant step as discussions on a ceasefire move into the document review phase. However, the draft does not immediately resolve the Iranian nuclear issue and retains control over the Strait of Hormuz, suggesting that final agreement may face challenges. According to The Guardian on May 28, the ceasefire proposal was shared with allies amid concerns t May 29, 2026

KB Securities Raises SK Hynix Target Price to 3.8 Million Won Amid HBM Price Surge KB Securities announced on May 29 that it has raised its target price for SK Hynix from 3 million won to 3.8 million won, citing a significant increase in high-bandwidth memory (HBM) prices and a growing demand for artificial intelligence (AI) memory. The firm maintained its "buy" rating on the stock. Kim Dong-won, a researcher at KB Securities, stated, "Currently, the fulfillment rate of memory demand from clients is only about 50%, indicating that the memory supply shortage is likely to May 29, 2026

Anthropic Becomes World's Most Valuable AI Startup with $965 Billion Valuation Anthropic has closed a $65 billion Series H funding round, achieving a valuation of $965 billion (approximately 1,444 trillion won) and surpassing OpenAI to become the world's most valuable AI startup. According to the IT industry on May 29, this funding round, led by Altimeter Capital with participation from Dragoneer, Greenoaks, and Sequoia Capital, is considered one of the largest private funding rounds in tech startup history. OpenAI's recent valuation stands at $730 billion, puttin May 29, 2026

Shinhan Securities Raises Hanall Biopharma Target Price by 171% Amid Promising Drug Developments Shinhan Investment Corp. announced on May 29 that it has raised its target price for Hanall Biopharma from 48,000 won to 130,000 won, a 171% increase, citing the company's progress in developing a treatment for refractory rheumatoid arthritis (D2T RA) and expectations for substantial royalty revenues. The firm maintained its "buy" rating on the stock. Analyst Eom Min-yong noted, "This is the first time globally that the FcRn mechanism has shown potential for success in D2T RA," adding tha May 29, 2026

South Korea Prepares for Semiconductor Boom Amid AI Revolution 2026 finds South Korea once again at the forefront of the semiconductor industry. The world stands on the brink of a massive artificial intelligence (AI) revolution, with semiconductors at its core, and South Korea positioned as a key player. Just a few years ago, the Korean semiconductor sector was in deep decline, facing plummeting memory prices and a global economic slowdown that forced Samsung Electronics and SK Hynix to endure a harsh winter. However, the advent of the AI era has rapi May 29, 2026

Bitcoin Prices Fall to $73,000 Amid U.S. ETF Fund Outflows Amid ongoing uncertainty regarding the timing of interest rate cuts in the United States, outflows from spot exchange-traded funds (ETFs) have contributed to a decline in the prices of major cryptocurrencies, including Bitcoin. According to CoinMarketCap, as of 8 a.m. on May 29, Bitcoin was trading at $73,357, down 1.26% from the previous day. Ethereum also saw a decrease, with its price falling 1.01% to $2,003. Binance Coin (BNB) and Solana dropped 1.62% and 0.83%, respectively, trading May 29, 2026

Impact of Middle East War Intensifies as Production, Consumption, and Investment Decline in April Last month, South Korea experienced simultaneous declines in production, consumption, and investment. This marks the first time all three indicators have decreased since August of last year. The impact of the ongoing Middle East war, which began at the end of February, appears to be significantly affecting the economy. According to the National Data Agency's report on April 2025 industrial activity trends released on the 29th, the index for total industrial production (seasonally adjusted, May 29, 2026

Dev Sisters Promotes 'K-Heritage' at UNESCO World Heritage Committee Dev Sisters announced on May 29 that it will collaborate with the Cultural Heritage Administration to promote Korea's UNESCO-listed world heritage sites in conjunction with the 48th UNESCO World Heritage Committee meeting, which will be held in Busan in July. This campaign is part of a memorandum of understanding signed between Dev Sisters and the Cultural Heritage Administration in February. The initiative aims to reinterpret the unique values of Korea's cultural heritage through the len May 29, 2026

Samsung Electronics Launches HBM4E Memory for AI Accelerators Samsung Electronics has begun supplying samples of its next-generation AI accelerator memory, the HBM4E 12-layer, to global customers. Following the mass production of HBM4, the early shipment of HBM4E samples marks a strategic move to regain leadership in AI memory that had shifted during the HBM3E era. As of May 29, industry sources report that Samsung is the first in the world to start shipping HBM4E 12-layer samples. HBM4E, a successor to HBM4, is a critical memory component that infl May 29, 2026