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Yonhap News Summary

chip giant Nvidia's global artificial intelligence (AI) conference. The Korean won strengthened against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) closed up 284.55...

Yonhap News SummaryThe following is the second summary of major stories moved by Yonhap News Agency on Wednesday.-----------------■ (LEAD) Lee urges capital markets to embrace crisis as opportunity to advance reformsSEOU -- President Lee Jae Myung on Wednesday called for efforts for the nation's capital markets to embrace worsening economic conditions, triggered by a prolonged war in the Middle East, as an opportunity to advance reforms.Lee made the remarks as he presided over a meeting with investors and financial authorities to review ways to reform and stabilize the country's capital markets in the wake of increased market volatility caused by escalating tensions in the Middle East.https://en.yna.co.kr/view/AEN20260318001751315?section=national/politicsPresident Lee Jae Myung speaks during a meeting at the presidential office Cheong Wa Dae in Seoul on March 18, 2026, to review ways to reform and stabilize the country's capital markets. (Yonhap)-----------------■ (2nd LD) Seoul stocks jump over 5 pct on chip rallySEOUL -- South Korean stocks surged more than 5 percent Wednesday, on a semiconductor rally boosted by the ongoing U.S. chip giant Nvidia's global artificial intelligence (AI) conference. The Korean won strengthened against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) closed up 284.55 points, or 5.04 percent, to 5,925.03.https://en.yna.co.kr/view/AEN20260318007052320?section=economy-finance/economy-----------------■ Gov't launches public-private committee to set up U.S. investment management agencySEOUL -- The government on Wednesday launched a committee tasked with establishing a state agency to manage investment projects in the United States under a bilateral strategic investment agreement, the finance ministry said.As a follow-up to a special bill tied to Seoul's US$350 billion investment pledge to Washington, the government plans to establish a public corporation responsible for the creation, management and operation of the investment fund.https://en.yna.co.kr/view/AEN20260318008500320?section=economy-finance/economy-----------------■ (LEAD) Samsung Electronics' unionized workers vote to strike over bonusSEOUL -- Unionized workers at Samsung Electronics Co. on Wednesday voted to launch a general strike in May over performance-based bonuses, union officials said.In a vote that began March 9, 93.1 percent of 66,000 participants supported the strike plan.https://en.yna.co.kr/view/AEN20260318006651320?section=economy-finance/economy-----------------■ Police to set up crowd control zone for 100,000 people during BTS concertSEOUL -- Police said Wednesday they will set up a crowd control zone with a capacity of 100,000 people around the stage where K-pop group BTS will perform in central Seoul this weekend.The zone will be set up so that no more than one person occupies every square meter, as safety is of paramount importance during the concert set to begin at 8 p.m. Saturday at Gwanghwamun Square, an official at the Seoul Metropolitan Police told reporters.https://en.yna.co.kr/view/AEN20260318009100315?section=national/national(END)

President Lee Jae Myung speaks during a meeting at the presidential office Cheong Wa Dae in Seoul on March 18, 2026, to review ways to reform and stabilize the country's capital markets. (Yonhap)
President Lee Jae Myung speaks during a meeting at the presidential office Cheong Wa Dae in Seoul on March 18, 2026, to review ways to reform and stabilize the country's capital markets. (Yonhap)
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