[Yonhap News headlines at this time] - 18:00

As NVIDIA CEO Jensen Huang faces the risk of dismissal on the 11th (local time) due to a series of allegations of adultery involving a Chinese spy, it is expected to have a major impact not only on NVIDIA but also on the artificial intelligence (AI) industry as a whole. In a situation where NVIDIA's graphics processing units (GPUs) virtually monopolize the global AI chip market, if the absolute CEO who has led the company for 33 years suddenly disappears, a loss of momentum and a tectonic shift in the entire AI ecosystem seems inevitable. ◇ “Nvidia is Jensen Huang”… I don't see a successor

It has been revealed that Chief Financial Officer (CFO) Colette Kress is being discussed as the interim CEO of NVIDIA to replace Jensen Huang. The full list of candidates for the next CEO to officially lead the company has not yet been revealed, but it is said to include Chief Hardware Officer (CHO) Johnny Srouji, who led Apple's own chip development.

On the 12th, President Lee Jae-myung broke ground together with Samsung Electronics Chairman Lee Jae-yong to commemorate the full-scale start of the 'Three Mega Projects', large-scale regional investment projects promoted by the government. President Lee attended the ‘Chungcheong Area Mega Project Groundbreaking Ceremony’ held at the Samsung Electronics Onyang Campus construction site in Asan, South Chungcheong Province, this morning. Chairman Lee was with President Lee from the moment he entered and remained next to him throughout the groundbreaking ceremony. Unlike usual, he didn't look like he was wearing glasses.

The Democratic Party of Korea emphasized 'unity between party offices' ahead of the National Assembly's processing of the real estate tax reform bill. As some lawmakers in regions sensitive to real estate public sentiment, such as Seoul and Gyeonggi-do, requested to relax the basic comprehensive real estate tax deduction standards for non-residential homeowners, and differences of opinion were exposed, they are calling for unification of message internally using the dinner between President Lee Jae-myung and the party's 'two top leaders' the previous day. However, as there is still a debate within the party over real estate policies such as comprehensive real estate tax relief, attention is being paid to whether the leadership will be able to completely resolve the conflict.

Conflicts between Representative Jang Dong-hyuk and the party's faction and independent lawmaker Han Dong-hoon and his pro-Han Dong-hoon faction are growing day by day due to suspicions about disciplinary action against the Ethics Committee of the People Power Party. In addition, confusion continues within the People Power Party as the aftershocks of the conflict between the five leaders (Oh Se-hoon and Jang Dong-hyuk), triggered again by Seoul Mayor Oh Se-hoon's mention of 'transformation to the emergency system', continue. However, in the case of CEO Jang and Mayor Oh, they appear to be refraining from escalating the war and moving to a convergence mode on the 12th.

The Wall Street Journal (WSJ) reported on the 11th (local time) that as technological advancements make it possible to make ballistic missiles cheaper and more precisely, the military doctrine that the United States and its allies have maintained since World War II is shaking. As Iran and Yemen's pro-Iranian rebels Houthi also possess ballistic missiles, which were once the exclusive domain of nuclear powers, they are now able to strike U.S. military bases and U.S. allies in the Middle East. The United States and its allies are at risk of being exposed to these attacks due to a lack of Patriot and Terminal High Altitude Area Defense (THAAD) interceptor missiles, which are the main means of defense against ballistic missiles.

Chinese President Xi Jinping moderated the level of his remarks toward Taiwan, emphasizing his stance of "peaceful unification" and "cross-Strait (China-Taiwan) dialogue" with Taiwan ahead of a series of large-scale political events such as this month's Asia-Pacific Economic Cooperation (APEC) summit, the U.S.-China summit, and Taiwan's local elections. According to Xinhua News Agency on the 12th, President Xi Jinping said in his speech at the '160th Anniversary of the Birth of Sun Yat-Sen' held at the Great Hall of the People in Beijing on this day, "Teacher Sun Yat-Sen has always firmly defended national unity and national unity, and resolutely opposed all words and actions that divide the country and nation. Solving the Taiwan issue and realizing the complete unification of the motherland is the unchanging historical mission of the Communist Party of China and the great cause of the Chinese nation." “It is an inevitable need for revival,” he said.

North Korea has repeatedly opposed the push for the introduction of nuclear submarines by countries in the region, including the project to build South Korean-style nuclear-powered submarines (nuclear submarines), asserting the justification for strengthening its naval power. In a statement released on the 12th, Kim Jeong-sik, First Vice Director of the Military Industry Department of the Central Committee of the Workers' Party of Korea, said, "The enemy's visible moves to increase maritime power and the resulting security threats are a very serious challenge, and we will not stop at condemning them," and added, "We will suppress all threats through action and as a demonstration of actually transformed power," according to the Korean Central News Agency. Vice Minister Kim, who is considered a powerful figure in the military, mentioned the U.S. Navy's deployment of nuclear submarines in Australia, the resolution by the Defense Acquisition Program Promotion Committee of Korea's 'Jang Bogo N Project', and discussions on Japan's introduction of nuclear submarines, and asserted, "The increasing maneuvers by the United States and its allies to increase naval forces are clearly aggressive and confrontation-oriented in their purpose, content, and scope."

KOSPI turned bearish for the first time in three days on the 12th. On this day, KOSPI closed at 5,342.73, down 32.63 points (0.61%) from the previous day. The index started at 5,385.94, up 10.58 points (0.20%) from the previous day, and repeated upward and downward transitions. At one point during the day, it rose 1.55% to 5,458.84.

Although the blockade protest at Olympic Park (Olgong), which was triggered by a shortage of ballot papers for the June 3 local elections, has virtually ended, some protesters have held out, making it unclear whether the normalization of the area will return to normal. This is because some of the protesters showed a stubborn will to remain despite the stadium's notice to remove tents and marquees by midnight on the 12th. On the day Yonhap News visited Olympic Park in Songpa-gu, around 4 p.m., about 100 people gathered in front of gates 1-3, which are the main entrance to the handball stadium, and chanted slogans such as 're-election through fraud'.