Why has South Korea’s market rallied so strongly?

OpenAI said it had completed a long-awaited restructuring, and Tesla’s chair has stepped up her campaign to win shareholder support for Elon Musk’s $1tn pay package. Plus, South Korea’s Kospi is the world's top-performing major stock index by far this year. 

Mentioned in this podcast:

Microsoft valuation passes $4tn as OpenAI completes restructuring

Tesla chair warns Musk could quit if shareholders reject $1tn pay deal

What is driving the world’s best-performing stock market?

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. 

Read a transcript of this episode on FT.com

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