The price of New York crude oil in over-the-counter trading has fallen below $83, with an intraday decline of more than 0.5%.

SK Hynix CEO Kwak Noh-jung stated that the global memory chip shortage is expected to continue until the end of 2030, and the risk of oversupply is very low because, in the AI era, memory chips are no longer “purely standardized commodities.” Despite market concerns about an AI investment bubble, he said he “does not see” signs of oversupply risk or a potential memory downturn cycle, as demand from AI clients remains strong. If “we pass the AI peak, or if there is another downturn cycle in the

Governor of the Bank of Korea Rhee Chang-yong: The Korean won is highly resilient and is well-prepared to cope with various shocks

According to Yonhap News Agency, US President Trump’s financial disclosure shows that he traded shares of the e-commerce giant Coupang Inc. twice in June through a funds manager. Meanwhile, tensions remain between the US and South Korea over South Korean regulatory handling of a large-scale data breach involving this US-listed e-commerce giant. In July, the US House Judiciary Committee released an interim staff report accusing the South Korean government of “discriminatory attacks” against Coup

Under the pressure from U.S. tariff policies, General Motors has reached an agreement with unions to invest 1.1 billion Canadian dollars in its car manufacturing plants in Canada. This investment plan is an important move by relevant companies to adjust production capacity allocation and ensure the stability of the North American supply chain under tariff pressures. It is expected that the funds will be used for production line upgrades, adaptation of new technologies, and other related project