France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
South Korea Remains MSCI Emerging Market Despite Reform Progress 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
South Korea's five major conglomerates SK, Hyundai Motor, POSCO, Hanwha, and Hyosung will invest 43 trillion won in building hydrogen infrastructures, such as production and storage, by 2030.
SK Group will invest 18.5 trillion won to build facilities that can annually produce up to 30,000 tons. It plans to start supplying the gas starting in 2023 in the greater Seoul area to power 200,000 hydrogen fuel cell cars.
Hyundai Motor Group will invest 11.1 trillion won for hydrogen car research and development while installing more charging stations.
Meanwhile, POSCO will spend 10 trillion won to find methods of harnessing hydrogen instead of coal during steel production.
South Korea vowed to support the companies in projects that it says will serve as a milestone for its green drive.
According to Prime Minister Chung Sye-kyun, the South Korean government plans to establish a system to provide support on all phases of the companies' efforts from production and transportation to application.
Hyundai Motor Group Chairman Chung Euisun and SK Group Chairman Chey Tae-won also agreed to boost their cooperation in the hydrogen industry, such as installing hydrogen fuel cell chargers and fast electric vehicle chargers at SK gas stations across the country.
SK Group plans to replace its 1,500 vehicles with Hyundai's electric ones.
