AGP Executive Report
Last update: 11 hours agoPrime Minister Pick: South Korean President Lee Jae-myung nominated Han Seong-sook, the SMEs and Startups minister, as the next prime minister. If parliament confirms her, she would become the country’s first female PM in about two decades, as the ruling party faces fallout from local election ballot shortages. Court Case: A Seoul court is set to rule this week on former President Yoon Suk Yeol’s drone-incursion charges tied to his 2024 martial law bid, with other defense officials also awaiting verdicts. North Korea Watch: Kim Yo-jong reiterated Pyongyang’s nuclear program is “absolutely non-negotiable” ahead of Chinese President Xi Jinping’s rare visit to Pyongyang, underscoring how nuclear status is off the table. Economy & Prices: South Korea’s inflation rose to 3.1% in May, driven by higher fuel costs. Markets: South Korean retail investors sold more than $641 billion won in overseas stocks in the first week of June, hinting at possible rotation back to local shares. Trade & Exports: Cosmetics exports hit $5.6 billion in Jan–May, making beauty the top consumer export item.
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