AGP Executive Report
Last update: 7 hours agoPrime Minister Pick: South Korean President Lee Jae-myung nominated Han Seong-sook, the current SMEs minister and former Naver executive, as the next prime minister; if parliament confirms her, she would become the country’s first woman PM in about two decades, with the reshuffle tied to Lee’s AI-driven growth push. Courtroom Update: A Seoul court is set to deliver this week’s verdict on former President Yoon Suk Yeol’s drone-incursion charges tied to his 2024 martial law bid, with prosecutors previously seeking a 30-year sentence. Election Fallout: Thousands of protesters kept rallying in Seoul for a third day over ballot shortages in the June 3 local elections, while the election watchdog chief resigned amid the controversy. North Korea Watch: China’s Xi Jinping is preparing for a rare visit to Pyongyang to meet Kim Jong Un, as both sides seek leverage amid Pyongyang’s nuclear stance and deeper ties with Russia. Household Pressure: Bank of Korea rate-hike expectations are pushing up mortgage and credit loan costs, raising new strain for households and firms. Tech & Markets: Nvidia CEO Jensen Huang is in Seoul meeting major gaming firms, while retail investors sold over 1 trillion won in overseas stocks in early June. Consumer Exports: South Korea’s cosmetics exports topped $5.6 billion in Jan–May, boosted by demand in Europe and the U.S.
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