South Korea plans more than $1 trillion in investments to expand chipmaking, AI data centres and robotics infrastructure. President Lee Jae Myung says the effort is aimed at securing AI leadership and reviving regions beyond Seoul.
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Hong Myung-bo resigned as South Korea coach after the national team failed to reach the World Cup knockout stage. President Lee Jae-myung called for an investigation, while former players and fans demanded broader changes in South Korean football.
Technology shares fell sharply worldwide as investors questioned whether massive AI spending can support lofty valuations. Chipmakers, Alphabet and newly public SpaceX were among the names hit as the sell-off spread to Asian markets.
Technology shares fell sharply around the world Tuesday as investors questioned whether AI spending will produce profits that justify lofty valuations. SpaceX, chipmakers and memory stocks led the declines, while inflation and interest-rate concerns added pressure.
Brent crude fell to its lowest level since early March as markets anticipated a US-Iran framework agreement that could reopen the Strait of Hormuz. Shipping groups and analysts warned that restoring normal energy flows could still take weeks or months.
South Korea’s ousted former President Yoon Suk Yeol was sentenced to 30 years in prison for drone flights over North Korea that prosecutors said were meant to provoke Pyongyang and justify martial law. Yoon denies wrongdoing and is already serving a life sentence tied to his failed 2024 martial law order.
North Korea has disclosed a new facility for producing nuclear bomb fuel as Kim Jong Un called for an “exponential” expansion of the country’s nuclear forces. State media said Kim claimed weapons-grade nuclear material production has more than doubled in five years.