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Today's Major News (November 2, 2026)

1. In a policy speech on next year's budget held at the National Assembly today (November 2), Lee Jae-myung emphasized, "We must apply a new growth formula suited to changing times and circumstances, making a grand transition from the growth of a few to 'growth for everyone.'"

2. Hit by the shock of plunging U.S. semiconductor stocks, the KOSPI opened 1.6% lower but has since reduced its losses, trading in a slightly higher range. Samsung Electronics and SK Hynix are also showing upward trends.

3. The late actor Choi Bul-am, widely known as the "nation's father," has been laid to rest. A funeral mass was officiated by Cardinal Andrew Yeom Soo-jung, with fellow actors and citizens accompanying the late actor on his final journey.

4. With the U.S. midterm elections just two days away, President Trump reiterated that he will actively exercise his veto power if control of Congress is handed over to the Democratic Party.
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