Daily Briefing · 2026-11-03

This was driven by a sharp decline in US tech stocks and spreading doubts over the profitability of AI investments. Foreigners posted net sales of over 2 trillion won. Oracle's stock price plunged 9% after the company announced a $20 billion fundraising plan. Anthropic posted an operating loss of 31.3 trillion won in the third quarter, yet disclosed an AI investment plan worth 1211 trillion won. The combined debt of five major Big Tech companies reached $550.6 billion, raising concerns over financial risk from excessive upfront investment. As expanded AI investment drove a sharp rise in memory semiconductor prices, cost burdens also grew for Apple and Samsung Electronics. Despite strong earnings, Apple's stock plunged 4% in after-hours trading. October exports came in at $115.3 billion, surging 93.7% year-on-year, pushing cumulative exports past $900 billion. Semiconductor exports rose 259.4%. Amid intensifying conflict over management control of Hanjin Kal, Chairman Cho Won-tae of Hanjin Group launched a counterattack against Hoban Group's stake purchase, and Hanjin Kal's stock price hit the upper limit. North Korean hackers are continuing a second round of money laundering by exchanging cryptocurrency stolen from Binance into Solana and Bitcoin. EU and Brazilian exchanges were also hacked in succession, with approximately $28 billion worth of crypto assets stolen. October consumer prices rose 2.8%, showing a slowdown for the second consecutive month. The Governor of the Financial Supervisory Service stated that financial firms that suffer hacking incidents will face strict accountability for their management and a penalty surcharge of 3 percent of revenue. NH Nonghyup Bank received heavy sanctions from the Financial Supervisory Service for falsifying inspection data and violating customer verification obligations. Attention is focused on the impact the US midterm election results could have on the semiconductor industry and tariff policy. Seoul apartment prices rose for the 90th consecutive week, recording the highest rate of increase this year. Negotiations over the construction contract for the Czech Dukovany nuclear power plant broke down amid conflict over an additional 1 trillion won in construction costs. Jin Air CEO Park Byung-ryul resigned ahead of the launch of the integrated LCC, creating a leadership vacuum in Hanjin Group's LCC integration efforts. Samsung Bioepis signed a contract with Teva for US sales of two biosimilars, securing sales opportunities worth up to 563.2 billion won. Hyundai Motor has blocked the use of external AI services by research departments working on core technologies such as autonomous driving and robotics.