Korea ( South & North ) 07 (Nov 25 - Dec 28)

[behappyalways]

Kim Jong Un Creates Ultimate Deadman Switch: North Korea To Auto-Launch Nukes If Assassinated
https://www.zerohedge.com/geopolitical/ ... h-nukes-if

[behappyalways]

Distancing Himself from His Fathers? Kim Jong-un's Portrait Dominates North Korea | Reporter Huan...
https://m.youtube.com/watch?v=-yrfQoD-3ds

[behappyalways]

Korean Bubble Mania: Retail Investors Max Out On Margin Debt, Choose To "Risk Complete Collapse" Than Miss Stock Rally
https://www.zerohedge.com/markets/korea ... lapse-miss

[behappyalways]

*Samsung is paying 78,000 chip workers a $340,000 bonus each* .Not their salary. The bonus. The total bill is $26.6 billion, which equals 1.4% of South Korea's entire economy, going to less than 0.3% of the country's workforce.
https://x.com/OmerCheeema/status/2058445758286954567

[behappyalways]

Ferrari Fever Hits Samsung, SK Hynix Workers As AI Memory Boom Mints New Wealth
https://www.zerohedge.com/markets/ferra ... new-wealth

*Samsung is paying 78,000 chip workers a $340,000 bonus each* .Not their salary. The bonus. The total bill is $26.6 billion, which equals 1.4% of South Korea's entire economy, going to less than 0.3% of the country's workforce.
https://x.com/OmerCheeema/status/2058445758286954567

[behappyalways]

A misunderstanding caused by misreading the design led to the omission of 2,570 steel bars in the 35.5 billion won underground construction project at Seoul's Samseong Station, resulting in shoddy workmanship.

「看錯圖」少放2570根鋼筋! 首爾三成站355億地下工程爆偷工減料｜方念華｜FOCUS全球新聞20260526 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=btrQmNh8aBI

[behappyalways]

The ruling party won a landslide victory in South Korea's local elections, but lost the Seoul mayoralty; insufficient votes sparked protests.

韓地方選舉執政黨大勝 獨失守首爾市長 選票不足掀抗議｜秦綾謙｜FOCUS全球新聞20260604 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=hRivmFPiq ... gLAYcqIYzv

[winston]

World’s hottest market Korea has bulls reaching for protection

By Abhishek Vishnoi & Winnie Hsu

Some investors hedge positions and pare back crowded trades on concerns that the rally has run too hot, too fast.

Several large IPOs, including a SpaceX listing this month, could lead to rotation as funds raise cash to participate, making it “prudent to hold some dry powder.

At 8.6 times forward earnings, the Kospi trades below its five-year average of 10 times and is much cheaper than Taiwan’s benchmark, which trades at about 20 times.

Excluding Samsung and SK Hynix, the rest of the Kospi is now expected to deliver more than 50% profit growth this year, up from just 20% in January.

Global funds have pulled a record US$76 billion this year, selling in every session over the past month.

Source: Bloomberg

https://theedgemalaysia.com/node/806104

[behappyalways]

Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
https://www.zerohedge.com/markets/korea ... -almost-10

[winston]

Xi Jinping visits Kim Jong Un on June 8-9

The first Chinese presidential visit to North Korea in years and a belated diplomatic offensive by Beijing, after watching Russia deepen its influence over Pyongyang while China stood pat.

Why Xi and Kim's poor personal relationship could still derail a rapprochement

What state media coverage of the summit will reveal about how the meeting went

How this visit fits into the broader puzzle of potential U.S.-North Korea engagement

What China wants from North Korea and what it's willing to give

The stakes are enormous: North Korea is racing toward a nuclear-powered submarine, South Korea and Japan are pushing for their own nuclear programs in response and Beijing is trying to ensure it isn't cut out of whatever comes next on the peninsula.
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Source: RANE Worldview