Yonhap News Summary

The following is the second summary of major stories moved by Yonhap News Agency on Tuesday.-----------------■ (LEAD) Seoul shares surge over 8 pct on AI confidence, Iran-Israel ceasefire; won sharply up

SEOUL -- South Korean stocks soared by more than 8 percent Tuesday, sharply rebounding from the over 8 percent plunge the previous session, to reclaim the 8,000-point threshold, as risk-on sentiment prevailed amid a ceasefire between Israel and Iran and confidence over the artificial intelligence (AI) boom. The local currency sharply rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 612.52 points, or 8.18 percent, to close at 8,096.93, after rising as high as 8,119.09.

A dealing room at Hana Bank in Seoul on June 9, 2026 (Yonhap)

https://en.yna.co.kr/view/AEN20260609007551320?section=economy-finance/economy-----------------■ Gov't reiterates stern measures against speculative trading amid FX volatility

Moon Ji-sung, deputy minister for international economic affairs at the Ministry of Finance and Economy, made the remark during a meeting with senior officials from financial companies, including KB Kookmin Bank, along with the Seoul offices of BNP Paribas, HSBC and JPMorgan.

https://en.yna.co.kr/view/AEN20260609007100320?section=economy-finance/economy-----------------■ S. Korea, U.S. agree nuclear subs would serve as key alliance capability: official

SEOUL -- South Korea and the United States share the view that nuclear submarines, which Seoul is seeking to develop, would serve as a key alliance capability for the two countries, a foreign ministry official said Tuesday.

"The two countries share the view that our nuclear submarines would be an important alliance capability that would enable South Korea to play a leading role in the defense of the Korean Peninsula," the official told reporters Tuesday.

https://en.yna.co.kr/view/AEN20260609007000315?section=national/diplomacy-----------------■ Seoul reaffirms goal of denuclearizing Korean Peninsula following Kim-Xi summit

SEOUL -- The South Korean foreign ministry on Tuesday reaffirmed its goal of denuclearizing North Korea, following a summit between the leaders of Pyongyang and Beijing in which the subject apparently was not discussed.

In their summit held Monday in Pyongyang, North Korean leader Kim Jong-un and Chinese President Xi Jinping agreed to expand cooperation in various fields, according to Pyongyang's state media. Notably absent, however, was any mention of nuclear issues or the broader situation on the Korean Peninsula.

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