Ask what Korea is talking about.

Korea's outlets report that Elon Musk's business empire is reeling after Texas elected its first Democratic governor in over three decades during the 2026 US midterms, a blow to the billionaire who had poured resources into the state. The Korea Times notes Musk was among the biggest losers despite not being on the ballot, while 한국경제 reports he spent 6000억원 (about $630 billion won) and lost Texas, with Musk joking about building data centers in space. Korean markets reacted sharply: Business Korea says the KOSPI plunged below 5,400 on "Blue Wave" fears over AI and tech regulations, and KBS World reports both KOSPI and KOSDAQ tumbled more than 5%. The Korea Times adds the Democratic sweep is expected to cool memory chip prices and demand, casting doubt on Samsung Electronics and SK hynix's outlook. Korean media frame this as a seismic political shift, with KBS World calling it a "blue tsunami" that Democrats used to flip long-standing Republican strongholds, though analysts there say Kim Jong-un won't save Trump politically.