Yonhap News Summary

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The following is the second summary of major stories moved by Yonhap News Agency...

The following is the second summary of major stories moved by Yonhap News Agency on Wednesday.

■ (2nd LD) Seoul shares rise for 2nd day on tech rally amid rate hike woes

SEOUL -- Seoul shares ended sharply higher for a second straight session Wednesday, buoyed by a rally in technology stocks amid concerns that hotter-than-expected U.S. inflation could prod the Federal Reserve to pursue an aggressive tightening mode.

■ (News Focus) Jensen Huang scandal casts uncertainty over S. Korea's deepening AI ties with Nvidia

SEOUL -- When Nvidia CEO Jensen Huang visited South Korea in June and shared soju and grilled pork belly with the heads of the country's technology giants, the high-profile gathering symbolized their deepening ties in artificial intelligence (AI), spanning semiconductors, robotics and autonomous driving.

Huang has met Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won and Hyundai Motor Group Executive Chair Euisun Chung on several occasions this year, forging partnerships across critical cutting-edge sectors.

■ Gov't seeks to relocate Army academy out of Seoul, retain Air Force, Navy schools

SEOUL -- The government is looking to relocate the Army academy out of Seoul while keeping the Navy and Air Force academies in place, sources said Wednesday, backtracking from its original plan to merge them into a unified military college.

The defense ministry recently briefed lawmakers on the plan to move the Korea Military Academy to the central-western region of Chungcheong, while retaining the Naval Academy in the southern coastal county of Jinhae and the Air Force Academy in the central provincial city of Cheongju, sources familiar with the matter said.

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