KOSPI may rebound from 2-day drop after US extend win streak last Friday; eyes on Jun China PMI release in the morning. TECH to out-perform tracking NVIDIA gain for 5th day, while IT SERVICE (INTERNET) may find support after 3-day correction.

DOOSAN ENERBILITY (034020)’s CEO Kim Jung Kwan nominated as the first minister of Trade, Industry and Energy under prez Lee gov’t.
HD HYUNDAI ELEC (267260) signs MOU with Norway’s ‘Bulk Infrastructure’ to supply large-scale power transformers for data centers.
INTERNET/DIGITAL ASSET: BOK tentatively halts its digital currency project as discussion on legislating a private sector-led KRW-stablecoin become more active.
COSMETICS: S.Korea’s Jan – Apr cosmetics exports at over $3.6bn vs. US exports at $3.5bn, beating for the 1st time.
SHIPPING: SCFI -0.4% WoW fell for 3 weeks.
HYUNDAI E&C (000720) has signed multiple MOUs with US construction companies for nuclear energy cooperation in US.
SK INC (034730) mulls to sell its minority holding stake in Malaysian waste management company, Cenviro for $300mn.
POONGSAN (103140) designated as Investment Alert. 100% margin required to buy.
VORONOI (310210) issues W50bn worth of CBs to a group of local FIs. Proceeds to fund R&D activities for clinical tests and working capital.
TAEKWANG IND (003240) issues W319bn EB to an undisclosed investor; Exchangeable px at W1,172,251/shr (6.3% premium vs. Last close). Proceeds for investment in new biz. Local asset management co Truston files an application for provisional injunction to a court saying managerial decision harms value of existing shareholders.