Won

• South Korean stocks surged by more than 8% on Tuesday, reclaiming the 8,000-point threshold after a similar percentage plunge in the previous session. • The market rebound was driven by a shift toward risk-on sentiment following a ceasefire agreement between Israel and Iran. • Investor confidence was further bolstered by ongoing optimism surrounding the artificial intelligence boom, which helped lift shares and the won.

• Apple announced enhanced Siri AI features at WWDC 2026, which are set to launch in beta later this year. • These new capabilities will be unavailable in the European Union and China upon release. • The restriction in the EU specifically affects iOS and iPadOS, as Apple seeks a viable path toward regulatory approval.

• The U.S., Mexico, and Canada successfully secured the rights to co-host the 2026 World Cup after a competitive bidding process. • The North American joint bid faced a final vote against Morocco, marking the first time three nations have collaborated to host the tournament. • This event is significant as it will be the most complex sporting event in history, featuring an expanded format of 48 teams.

• Two former Constitutional Court research officers have joined major law firms, sparking concerns over a "Jaepanso-won insider market" where former officials leverage specialized knowledge for private gain. • In a separate domestic issue, the National Election Commission reported that 67 polling stations experienced ballot shortages, with 15 of those incidents concentrated in the Songpa District. • On the international front, Chinese President Xi Jinping is traveling to Pyongyang for the first time in seven years to reassert China's influence amid strengthening ties between North Korea and Russia.

Follow today’s news liveGet our breaking news email, free app or daily news podcastA Labor MP has declared victory in the debate over the government’s tax reforms, engaging in a bit of meta-commentary at the end of parliament’s sitting fortnight.Julian Hill made the comments on the ABC’s Afternoon Briefing on Thursday.I believe the government’s won the debate on negative gearing. I believe we’ve won the debate on capital gains tax on property.And we’re winning the debate, we got a way to go, on removing the distortion that would otherwise be there. … I think we’re winning the debate … Start ups and so on, we are still engaging on. Continue reading...

• The author argues that the next major AI breakthroughs will be driven by high-quality, research-driven dataset design rather than simply increasing model size. • Current industry trends have seen talent and funding disproportionately gravitate toward hardware innovation and model development, leaving a shortage of specialized teams focused on domain-specific data. • This shift is critical because success in new AI frontiers depends on access to large volumes of rigorous, high-quality data to improve performance.

Foreign affairs minister says her position is to ‘always believe women’ when sexual assault allegations are madeGet our breaking news email, free app or daily news podcastThe foreign affairs minister, Penny Wong, says she believes the Australian women who have alleged they were raped and beaten by Israeli soldiers after being detained as part of a humanitarian flotilla attempting to bring aid to Gaza.Appearing at Senate estimates, Wong said the treatment of the Australian women was “unacceptable”, and the allegations they had subsequently made were “distressing”. Continue reading...