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Iranian Missile Hits South Korean Vessel in Strait of Hormuz

Daniel Kim Views  

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■Namu struck by what appears to be an Iranian missile; Iran’s ambassador summoned■ The government has concluded that the projectile that struck the South Korean vessel Namu in the Strait of Hormuz was likely an Iranian-made anti-ship missile. The Foreign Ministry summoned Iran’s ambassador to Seoul and lodged a strong protest. ■Demolition of Seosomun overpass delayed; government aims to restore rail service by weekend■ Demolition work on the collapsed Seosomun overpass has been postponed amid concerns about further collapse. With train services disrupted, the government plans to repair rail infrastructure by Friday and resume operations starting with the first trains on Saturday morning. ■Samsung Electronics performance bonus approved; inter-union tensions remain■ Union members voted to approve Samsung Electronics’ performance bonus package, averting an immediate, companywide strike. However, disputes between unions over uneven bonus distribution persist as a lingering issue. ■Kospi hits another record as 10 trillion KRW flows into Samsung and SK Hynix leveraged ETFs■ The Kospi closed above the 8,200 mark, hitting another record high. Heavy inflows into newly listed single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix bolstered semiconductor shares — about 10 trillion KRW (approximately $7.5 billion) moved into those ETFs. ■Seven days until local elections; publication of opinion polls banned starting tomorrow■ With the June 3 local elections one week away, the public release of opinion polls will be prohibited beginning tomorrow. Party leaders continued nationwide travel today to rally and mobilize their supporters. Yonhap News TV — inquiries and tips: KakaoTalk/LINE jebo23; Kim Sookang (kimsookang@yna.co.kr)

Daniel Kim
content@tenbizt.com

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