Policy chief Kim Yong-beom signals nuclear expansion; regulators probe front-running
Presidential policy chief Kim Yong-beom said new nuclear plants should be built wherever local communities want them, adding that use of LNG cogeneration is also under discussion with industry. This was read as confirming that nuclear power and large-scale semiconductor mega-projects are effectively being pursued as a package given expected power demand.
The Financial Supervisory Service's capital markets special judicial police uncovered suspected front-running by staff at an economic broadcaster and conducted a raid. Staff are suspected of buying roughly 300 stocks ahead of undisclosed positive coverage and selling after the news moved prices, with the amount involved estimated at around 1 billion won. President Lee Jae-myung posted on social media that capital market fairness cannot be compromised and that stock manipulation will always be caught by the triple net of the FSS, police and prosecutors.