AGP Executive Report
Last update: 11 hours agoMarket Shock: South Korea’s KOSPI plunged more than 8% on Friday, triggering a temporary trading halt as AI-linked chip shares tumbled in a global sell-off. Finance officials promised further steps to calm markets, while the science minister urged more investment in domestic AI data centers. Hormuz Mission: Seoul plans to extend its anti-piracy patrol closer to the Strait of Hormuz, adding naval assets amid pressure from Washington. The proposed mission is non-combat and would not enter the strait. North Korea: Pyongyang tested an air-defense system and cruise missile, while analysts say President Donald Trump may seek renewed talks after his midterm setback. North Korea denies responsibility for the Binance hack, which U.S. authorities have attributed to the country. Diplomacy: President Lee Jae Myung and East Timor’s Jose Ramos-Horta agreed to deepen development cooperation, including on climate change and intellectual property, during their summit in Seoul.
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