2026-05-28 Daily Economic & Entertainment Briefing
The KOSDAQ index surged 3.33% at the open to reach 1,199.76, fueled by strong buying from foreign and institutional investors. Meanwhile, public opinion polls for the June 3 local elections are now banned starting the 28th, with the Democratic Party holding an edge in 9 districts and the People Power Party in 2. There are no major entertainment news stories today.
2026-05-28 Daily Economic & Entertainment Briefing
Today's Economy and Stock Market Issues
KOSDAQ Opens Strong, Boosted by Foreign and Institutional Buying The KOSDAQ index opened with a sharp 3.33% gain to hit 1,199.76. Foreign and institutional investors led the rally, with major market cap stocks like EcoPro BM and EcoPro showing significant strength.
US S&P 500 Hits Record High, Micron Soars 19% The New York stock market reached another record high on the 26th. Micron’s stock surged nearly 20%—pushing its market cap past $1 trillion—after UBS nearly tripled its price target from $535 to $1,625.
Brokerages Raise KOSPI Targets Toward 10,000 Domestic and international brokerages are consecutively raising their year-end targets for the KOSPI. Hyundai Motor Securities (12,000), KB Securities (10,500), and LS Securities (10,000) are all signaling an optimistic outlook for the domestic stock market.
Dunamu Launches YouTube Channel Analyzing Macroeconomic Trends Dunamu, the operator of the crypto exchange Upbit, is providing nightly YouTube content that analyzes cryptocurrency and macroeconomic trends to help investors navigate the rapidly changing economic landscape and plan their future assets.
Politics and Policy Trends
Ban on Publishing 6·3 Local Election Opinion Polls Takes Effect Starting the 28th, the National Election Commission has banned the publication or citation of public opinion poll results related to the June 3 local elections.
By-elections for National Assembly Seats: Differing Prospects In the by-elections held across 14 districts nationwide, it is reported that the Democratic Party currently leads in 9 districts, while the People Power Party leads in 2.
Ministry of the Interior and Safety Promotes Region-Led Public-Private Partnership Projects The Ministry of the Interior and Safety is working with seven organizations to implement "region-led public-private partnership projects" designed to solve local issues at the community level.
Entertainment News
There are no notable entertainment events to report today.
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