AGP Executive Report
Last update: 8 hours agoSecurity: North Korea fired several missiles toward the East Sea and reported tests of a new air-defense system and long-range cruise missiles. Seoul plans to expand its anti-piracy mission toward the Strait of Hormuz, adding mine-clearing assets and patrol aircraft; parliament must approve the move, and operations would stay in international waters south of Oman. Markets & AI: South Korean shares fell 4% as chipmakers tracked losses in U.S. tech stocks and investors weighed possible tighter AI rules after the midterm elections. Officials vowed to monitor U.S. AI and trade policy. Business: SK hynix plans an investment arm with capacity of up to $10 billion for U.S. AI ventures, while Samsung SDS has started building a 60-megawatt AI data centre in Gumi. North Korea policy: Seoul will co-sponsor a U.N. resolution on North Korean human rights for a fifth straight year, with language urging dialogue. The government says it has not begun discussing sanctions over North Korea’s alleged $6 billion Binance theft. Economy: South Korea posted a record $61.46 billion current-account surplus in September, driven by chip exports; President Lee urged officials to turn export growth into stronger domestic demand.
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