Jensen Huang: Now is Hyundai's Time as He Showcases Physical AI Alliance "The era after artificial intelligence (AI) will be Hyundai Motor Group's time." On June 8, Jensen Huang, CEO of NVIDIA, visited Hyundai Motor Group's Yangjae headquarters, emphasizing the scalability of the company's physical AI. Dressed in a black leather jacket, Huang was welcomed by Chairman Euisun Chung and Vice Chairman Jae-hoon Chang. After passing through the main entrance, he took time to sign autographs and pose for photos with employees gathered on the right side. The atmosphere was electric, reminiscent of a concert. Chairman Chung also joined employees in taking selfies to celebrate the occasion. Huang toured the displayed hydrogen fuel cell vehicle Nexo and an automated hydrogen refueling robot. He praised the Pony, calling it "the first car of the Hyundai brand" while giving a thumbs-up. He showed keen interest by asking about the water tank capacity of a robotic exhibit. He also interacted with Spot, the four-legged robot used for security and patrol at the Yangjae headquarters. When Spot greeted him in English, Huang jokingly replied, "Then I'll give you my credit card," prompting laughter from those nearby. Under Chairman Chung's guidance, Huang explored Kia's purpose-built vehicle (PBV) PV5, even posing in the driver's seat. He examined the vehicle's interior with great interest. While viewing the mobility robot platform Mobed displayed in the plaza, Huang remarked, "It would be great to apply this technology to off-road vehicles," expressing his fascination. Huang stated, "Hyundai Motor Group is a massive company in the mobility sector and a true expert. We aim to combine AI with Hyundai's mobility expertise to change the future. We can also transform the future of robotics." He added, "The next wave of AI will be in mobility and physical AI. A time is coming when AI will understand the world and enter the real world to perform valuable tasks for people. Now is Hyundai's time." In closing, Huang praised Chairman Chung, stating, "He is a remarkable person who has built such an incredible company."* This article has been translated by AI. 2026-06-08 17:12:00

South Korea outlines strategy to attract 2 million cruise visitors SEOUL, June 08 (AJP) - South Korean government and tourism officials met with industry representatives aboard a docked cruise ship in Busan on June 5, 2026, to outline a strategy aimed at expanding international cruise tourism, the Korea Tourism Organization said Monday. The 21st Cruise Development Council meeting took place aboard Royal Caribbean's 169,000-ton Spectrum of the Seas, marking the first time the annual council convened on an active vessel. About 90 officials from regional governments, the cruise industry, and academia attended the event to discuss ways to improve port excursions and encourage local spending. During the meeting, the Korea Tourism Organization (KTO) announced its 2026 revitalization plan funded by a supplementary budget. The initiative includes joint marketing campaigns with Royal Caribbean, familiarization tours for cruise line operators, and participation in international port exhibitions. Officials highlighted recent efforts to tailor services for visitors, citing a pilot program launched in Busan on May 12, 2026. A dedicated shuttle bus connecting the port terminal to the Seomyeon Medical Street area increased the disembarkation rate among ship crew members from 29 percent to 49 percent. Representatives from several South Korean ports shared specific regional strategies. Incheon focused on its fly-and-cruise programs, while Busan presented plans for overnight port calls linked to local festivals. Officials from Jeju, Yeosu, Sokcho, and the Saemangeum Development and Investment Agency also outlined their development goals. Wendy Yamazaki, Royal Caribbean's vice president for the Asia-Pacific region, presented an overview of core tasks for growing the country's cruise sector from a global operator's perspective. "We will do our best to attract cruise tourists through cooperation between the private sector, government, and academia based on the discussions at this council," said Han Yeo-ok, director of the international tourism content division at the KTO. "We will carry out comprehensive marketing to expand our global network and achieve the era of 2 million cruise tourists visiting South Korea early." 2026-06-08 17:09:55

President Yoon Advocates for Future Investments from Surplus Tax Revenue President Yoon Suk Yeol stated on June 8 that surplus tax revenue generated from the booming semiconductor industry should be invested in future growth potential for the nation.He addressed the contentious issue of excess profit distribution among companies like Samsung Electronics, emphasizing the need for a cautious approach due to its potential impact on national industrial competitiveness.During a press conference at the Blue House marking his first year in office, President Yoon acknowledged that there could be significant debate over how to utilize surplus tax revenue. He asserted, "Surplus tax revenue should be invested in ways that enhance the growth potential of South Korea for future generations."He stressed the importance of distinguishing between the use of surplus tax revenue and excess profit distribution, stating, "These are completely different issues."Regarding the use of surplus tax revenue for general fiscal spending, President Yoon expressed a negative view. He remarked, "If we spend more when we have more and less when we have less, we are abandoning the role of fiscal policy. Treating surplus tax revenue like regular tax revenue and depleting it through general spending should be excluded."On the topic of excess profits, he noted, "It is difficult to easily conclude whether this is a matter of labor disputes or management rights. If our country introduces such a system first, companies may relocate their investment and production bases overseas, which could have serious implications for national industrial policy."He added, "The issue of excess profits is very challenging but an unavoidable reality," emphasizing that it requires international discussion rather than being confined to domestic discourse.Earlier, in his commemorative speech, President Yoon pledged to make 2026 the year when the bold dream of an 'Irreplaceable Korea' begins, stating, "We will leverage South Korea's experiences, capabilities, values, and the national energy to overcome crises to usher in a new era of the 'K-Initiative.'"To achieve the vision of an 'Irreplaceable Korea,' he outlined four key national goals: becoming a super-gap industrial powerhouse, a global leader in diplomacy and security, a normal society, and a government that saves lives.President Yoon concluded, "We will advance as a super-gap industrial powerhouse where all citizens and regions equally share in growth opportunities and benefits, continuously discovering and nurturing 'global super-gap growth engines' that will play a pivotal role in South Korea's next-generation industries beyond semiconductors."* This article has been translated by AI. 2026-06-08 17:09:00

Samsung Heavy Industries Finalizes Major FLNG Contract in Africa Samsung Heavy Industries announced on June 8 that it has finalized a contract worth 3.6536 trillion won for a large floating liquefied natural gas (FLNG) production facility with a shipowner in Africa. The finalized FLNG contract follows preliminary work agreements and ongoing processes. Currently, the upper module work is underway, and the facility is expected to be delivered in 2028 after module installation and commissioning. The FLNG, which will be installed offshore, is emerging as an alternative to onshore LNG plants amid unstable energy supply chains. Notably, this FLNG incorporates the 'Lesson Learned System' based on the successful experiences of previous FLNG projects. A Samsung Heavy Industries representative stated, "We have analyzed accumulated data to incorporate feedback, optimize design and processes, and implement an evolved standard FLNG." They added, "Samsung Heavy Industries will leverage its FLNG standardization experience as a strategic asset to maintain its competitive edge in the FLNG sector." Additionally, Samsung Heavy Industries announced earlier that it has secured a contract for an LNG carrier worth 385.5 billion won from a shipowner in Oceania, actively pursuing expansion in its order book.* This article has been translated by AI. 2026-06-08 17:09:00

President Lee Criticizes Election Commission Over Ballot Shortage President Lee Jae-myung criticized the Election Commission for its mismanagement of the ballot shortage during the June 3 local elections. However, he emphasized that this issue is “entirely different” from the allegations of election fraud raised by some opposition parties, including the People Power Party.During a press conference at the Blue House on June 8, marking his first anniversary in office, President Lee described the ballot shortage as “absurd,” stating, “This has completely undermined the image of a model democratic nation like South Korea.”He clarified that the issue of ballot shortages should not be conflated with claims of election fraud, asserting, “There is a significant difference between using falsehoods for political gain and the legitimate concern of how it is possible that people could not vote in our country.”President Lee pointed out that the core issue is that the ballot shortage obstructed citizens' right to participate in the electoral process.He stated, “If the government fails to manage the exercise of voting rights in a democratic republic like South Korea, it is not just a matter of the number of votes or the results; it is a very serious issue in itself.”He also expressed gratitude for the activism of young people regarding this matter.“I find the young people who raised this issue to be truly valuable and admirable,” he said, adding, “I must admit I hadn’t considered it myself. I thought, ‘How could a few people not voting affect the results?’”He continued, “People like us may have become somewhat insensitive. I reflect on whether there is a lack of sensitivity to the exercise of sovereignty,” and acknowledged that he has much to learn from the youth who raised fundamental questions about the exercise of sovereignty in South Korea.Following the press conference, President Lee met with key officials at the Blue House to discuss the ballot shortage and potential reforms for the Election Commission.Attendees included National Assembly Speaker Chung Jin-suk, Prime Minister Kim Boo-kyum, Chief Justice Kim Myung-soo, and Constitutional Court President Kim Sang-hwan, excluding the resigned Election Commission Chairman Noh Tae-ak.The press conference, lasting 167 minutes, was conducted without a predetermined script, allowing over 20 journalists to ask questions freely as directed by the host and President Lee.The slogan for the conference was “Irreplaceable South Korea,” reflecting a vision for the nation to become not just one that the world watches, but one that the world needs.Regarding the results of the June 3 local elections, President Lee candidly expressed, “It was an unavoidable question, and I struggled with it a lot.” He added, “I believe it was ultimately a warning from the public. The people are watching, listening, and will act at some point. It made me realize how formidable the public can be.”He remarked, “In any case, I was not in a good state for two to three days after the election,” concluding, “The bottom line is my shortcomings.”On the proposed special prosecutor law related to allegations of prosecutorial misconduct, he stated, “It should be handled according to law and common sense. If there is wrongdoing, it should be dismissed; if not, it should be left alone,” suggesting that a neutral special prosecutor would be preferable.Additionally, President Lee wore a tie with a white background and blue stripes, similar to the one he wore during the national appointment ceremony on August 15 last year.A Blue House official explained that this symbolizes a commitment to not lose sight of the original intention and hope for South Korea.* This article has been translated by AI. 2026-06-08 17:06:00

Iran Claims U.S. Involvement in Israeli Attacks, Hints at Further Action Tensions between Iran and Israel have escalated again after two months of relative calm, with Iran accusing the United States of being involved in Israel's renewed attacks. On June 8, during a regular briefing, Iranian Foreign Ministry spokesman Esmail Baghaei stated, "No one believes that the Zionist regime (Israel) acts without prior coordination and cooperation with the U.S. in our region. We still have information that the U.S. is coordinating with this regime in both offensive and defensive areas." He added, "While it is always debatable whether the Zionist regime listens to the U.S., the responsibility of the U.S. as a party to the ceasefire is clear. Regardless of whether the U.S. directly violates the ceasefire or does so through the Zionist regime in Lebanon, the U.S. bears responsibility, and it must account for the escalation of tensions." The current conflict began when Israel launched airstrikes on Beirut, Lebanon, on June 7, despite opposition from U.S. President Donald Trump. In retaliation, Iran fired missiles at Israel on the night of June 7 and the morning of June 8, prompting Israel to respond with airstrikes on major cities in Iran, including Tehran. Iran has demanded that the U.S. cease hostile actions against Lebanon as a condition for a ceasefire. Baghaei warned that these attacks could negatively impact negotiations between the U.S. and Iran. He stated, "Such incidents undoubtedly raise suspicions. We are still exchanging messages with the U.S. amid severe distrust." He further emphasized that Israel's actions in the region cannot be separated from U.S. policy, criticizing the contradictory attitudes and confusing statements from the U.S. as complicating diplomatic processes. He added, "The actions of the past 24 hours will only exacerbate this confusion." Baghaei also hinted at the possibility of further Iranian responses, stating, "We will act wherever necessary, as required by our national interests and security. We will not allow Israel and the U.S. to rely solely on general statements for maintaining a ceasefire while repeatedly attacking. " He acknowledged that the military conflict would inevitably affect diplomatic processes, saying, "The diplomatic efforts initiated to end the forced war will naturally be impacted. If the reason for negotiations is undermined, that process will also be affected." However, he clarified that diplomatic channels have not been completely severed. Baghaei noted, "Message exchanges are ongoing," and mentioned that the visit of Pakistan's Interior Minister to Tehran was part of efforts to continue dialogue. He characterized Iran's response the previous night as "entirely defensive actions under the U.N. Charter." In response to the U.S. claim of being unaware of the Lebanese attack, he suggested, "This implies that Israel is deceiving the U.S., or that there is cooperation and division of roles between the U.S. and Israel. Based on experience, the latter is more accurate."* This article has been translated by AI. 2026-06-08 17:06:00

Binggrae Donates 90 Million Won to Support Vulnerable Groups During Heatwave Binggrae announced on June 8 that it has donated 90 million won to the Korean Red Cross to support vulnerable populations during the summer heatwave. The Korean Red Cross plans to use the donation to provide 2,000 summer blankets to those in need, particularly targeting disaster-prone communities. The blankets will be distributed primarily in areas where Binggrae operates, including Seoul, Gwangju and Namyangju in Gyeonggi Province, and Nonsan, Gongju, and Cheonan in Chungcheongnam-do, as well as Gimhae in Gyeongsangnam-do. The Red Cross aims to sequentially deliver necessary items to vulnerable households in each region to help them cope with the heat. Binggrae has been actively engaged in various social contribution activities to foster coexistence with local communities near its business sites. The company has also collaborated with the Korean Red Cross to support vulnerable groups and disaster relief efforts. Recently, Binggrae participated in a volunteer event at a free meal service near Seoul Station, where actress Lee Se-young, the model for its yogurt brand, helped serve meals and donated yogurt. A Binggrae representative stated, "As the heatwave continues to persist, it is increasingly important to pay attention to the health and living conditions of vulnerable groups. We will continue to provide practical support to those in need and fulfill our corporate social responsibility."* This article has been translated by AI. 2026-06-08 17:06:00

SK hynix Expands HBM4 Production with $33 Million Order from Hanmi Semiconductor SK hynix is set to enhance its production capacity for the sixth generation of high-bandwidth memory (HBM), known as HBM4, by acquiring key equipment from Hanmi Semiconductor. This move is seen as a proactive investment to meet the rising demand for NVIDIA's next-generation AI accelerators. On June 8, Hanmi Semiconductor announced that it received an order from SK hynix for the 'TC Bonder 4.5 Griffin' equipment, specifically designed for HBM4 manufacturing. The contract is valued at 44.2 billion won (approximately $33 million), with the agreement running from the announcement date until September 2. Considering that the price for each TC Bonder is around 3 billion won, it is estimated that the order will involve approximately 15 units. This equipment is crucial for the HBM stacking process and will directly impact the increase in HBM production. The 'TC Bonder 4.5 Griffin' is an upgraded version of existing products, optimized for SK hynix's production lines. It is expected to be installed at the company's Cheongju facility. The significant influx of TC Bonders essential for HBM4 production is anticipated to accelerate SK hynix's strategy for expanding HBM4 mass production. HBM4 is a key memory product that will be integrated into NVIDIA's next-generation AI platform, Vera Rubin. This equipment order is viewed as a signal for increased supply of HBM4 to NVIDIA. Jensen Huang, CEO of NVIDIA, stated on June 5 at Gimpo Airport that "certifications for HBM4 from Samsung Electronics, SK hynix, and Micron have been completed, and mass production is currently underway." 2026-06-08 17:06:00

Internet Banks See Surge in Overseas Assets as Toss and Kakao Expand Investments Internet-only banks are rapidly increasing their overseas assets. While Toss Bank focuses on managing increased foreign currency in international financial markets, Kakao Bank is expanding its overseas operations through strategic investments. As of the end of March this year, Toss Bank's overseas asset management totaled $210 million, more than quadrupling from $50 million during the same period last year. By country, loans in Japan rose from $30 million to $81 million, while loans in Singapore surged from $20 million to $120 million. The reported loans include short-term funding for financial institutions and interbank transactions that arose during the management of foreign currency liquidity. Toss Bank explained that it is managing profitability and liquidity by operating the increased dollars in overseas financial markets such as Japan and Singapore, where the dollar and foreign currency management markets are well developed in Asia. Kakao Bank's increase in overseas assets is attributed to the rising value of its foreign investments. As of the end of March this year, Kakao Bank's overseas managed assets reached $157 million, more than double the $76 million reported a year earlier. Of this, $147 million was in Indonesian securities, with the remainder consisting of investments in U.S. Treasury bonds and other asset management purposes. The increase in Kakao Bank's Indonesian securities reflects the success of its investment in the local digital bank, Super Bank. Kakao Bank invested a total of 114 billion won in Super Bank in two rounds in 2023 and 2024. Following Super Bank's listing on the Indonesia Stock Exchange (IDX) at the end of last year, the value of its holdings increased. Kakao Bank is taking the most aggressive approach among internet-only banks in expanding overseas. Last year, it obtained a virtual banking license in Thailand through a consortium that included Thai financial holding company SCBX and plans to become the second-largest shareholder in the upcoming virtual bank. Recently, it signed a memorandum of understanding (MOU) with MCS Group, Mongolia's largest company, to pursue investment and business cooperation with the local digital bank, M Bank, thus extending its reach beyond Southeast Asia into Central Asia. In contrast, K Bank and Toss Bank have yet to solidify their plans for entering overseas markets, focusing instead on strengthening their positions in the domestic market. An industry insider noted, "While Kakao Bank is concentrating on securing new growth engines in overseas markets, K Bank and Toss Bank are still prioritizing their domestic market strategies and enhancing their core competitiveness."* This article has been translated by AI. 2026-06-08 17:03:00

Xi Jinping Visits North Korea, Emphasizes Strong China-North Korea Ties Chinese President Xi Jinping arrived in Pyongyang on June 8, beginning a two-day state visit welcomed by North Korean leader Kim Jong Un and his wife. This marks Xi's first visit to North Korea in seven years, during which he reiterated that the traditional friendship between China and North Korea will remain steadfast regardless of changes in the international situation. According to China's state-run Xinhua News Agency, Xi's Air China flight landed at Pyongyang's Sunan Airport around noon local time. Kim and his wife, Ri Sol-ju, personally greeted Xi and his delegation, which included senior officials such as Cai Qi, head of the Central Secretariat of the Communist Party, and Wang Yi, a member of the Central Political Bureau and foreign minister. An official welcome ceremony took place at Kim Il Sung Square, where large portraits of the two leaders were displayed alongside banners proclaiming "Long Live China-North Korea Friendship" and "Long Live the Unity of the Peoples of China and North Korea." North Korean and Chinese flags flew side by side as citizens of Pyongyang cheered and applauded the two leaders. National anthems were played, and a 21-gun salute was fired in honor of Xi, who inspected a North Korean honor guard alongside Kim. Following the ceremony, the two leaders moved to the Kumsusan Palace of the Sun for talks. They are expected to discuss the development of China-North Korea relations, the expansion of economic cooperation, and the situation on the Korean Peninsula, coinciding with the 65th anniversary of the China-North Korea Mutual Aid and Cooperation Treaty. Xi's visit comes amid a significantly altered diplomatic landscape compared to his first visit to North Korea in June 2019. At that time, North Korea was in a state of international isolation following the collapse of the Hanoi summit between the U.S. and North Korea. Currently, however, North Korea has strengthened its strategic position through expanded military and economic cooperation with Russia. Analysts suggest that this visit symbolizes a reestablishment of China-North Korea relations in light of the changing dynamics. In a commentary published on the front page of the North Korean Workers' Party's official newspaper, Rodong Sinmun, Xi stated, "No matter how the international situation changes, the traditional friendship between our two countries remains strong." He called for enhanced strategic communication and cooperation between China and North Korea, emphasizing the need to oppose hegemony and militarism, which he suggested threaten regional stability. The People's Daily, the official newspaper of the Chinese Communist Party, also highlighted the importance of the China-North Korea relationship in its front-page headline, stating that this historic visit would outline a new blueprint for the development of relations between the two parties and countries. It emphasized that solidifying the China-North Korea friendship is a firm strategic choice for both nations. Xi's visit serves as a reciprocal gesture following Kim's visit to China in September 2022 to attend a military parade. It symbolizes a normalization of relations between the two countries. During the COVID-19 pandemic, exchanges had been halted, and North Korea had strengthened ties with Russia, leading to a relative decline in China's influence over North Korea. However, following Kim's visit to China last September, international passenger trains and flights between the two countries resumed, marking a significant revival in their relationship. 2026-06-08 17:03:00