China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
South Korea will invest 2.6 trillion won in hyperconnectivity and related technologies for newly emerging services by 2025.
The Ministry of Science and ICT identified the emerging services as metaverse, blockchain, and cloud technology.
According to Minister Lim Hye-sook, the emerging industries that promote hyperconnectivity will bridge the real and virtual worlds and expand South Korea’s economic territory.
The ministry, says Lim, will roll out policies and initiate business projects that will keep South Korea ahead in the newly emerging areas.
The business projects will increase their uses of extended reality, blockchain, and internet of things services in manufacturing, healthcare, and education.
The ministry, which is encouraging the public sector to use cloud services provided by private firms, will launch a support center to assist small and medium-sized enterprises and venture companies in developing new blockchain services and advance local testbeds for IoT technologies.
South Korea will support local companies in developing open metaverse platforms.
