Posts
- KOSPI's Push Past 7,000 Rides on Two Chipmakers and Thin Volume
The KOSPI is testing the 7,000 level on Samsung Electronics and SK Hynix strength, but trading value and volume have sunk to their lowest of the year.
- Seoul's Wealthiest Districts Mobilize as Residents React to August 3 Property Tax Overhaul
Seocho-gu has delivered resident feedback on Korea's August 3 property tax reform to the finance ministry, while Gangnam-gu plans a briefing for 500 residents.
- US National Debt Tops $40 Trillion for the First Time
The US national debt has crossed $40 trillion for the first time, adding $10 trillion since January 2022 — a pace with real consequences for global markets.
- Won Strengthens Past 1,400 per Dollar for the First Time in 11 Months
The won-dollar rate closed at 1,397.7 at Seoul's 3:30 p.m. benchmark, down 14.1 won, marking the first finish below 1,400 in 11 months.
- Four KOSDAQ Firms Move to Raise a Combined 330 Billion Won in One Day
Silicon2 led four KOSDAQ-listed companies that disclosed capital increases on August 18, together seeking about 330 billion won in new equity funding.
- Korea's COFIX Mortgage Benchmark Climbs for a Fourth Straight Month in July
The COFIX benchmark for variable-rate mortgages in Korea rose 0.13 percentage points in July, its fourth consecutive monthly increase, lifting borrowing costs.
- S-Oil Targets Next-Year Startup for Shaheen Project Amid Korea's Petrochemical Glut
S-Oil says its Shaheen complex in Ulsan will begin commercial operation next year, a bet that scale and integration can restore Korean petrochemical competitive
- FSS Union Demands Immediate Halt to Plan Moving Korea's Financial Watchdog Out of Seoul
The Financial Supervisory Service's labor union called a government push to relocate the regulator a grave misstep, warning it would weaken front-line oversight
- Korea's Q2 Earnings Split: Builders and Fintech Surge While Food Giant SPC Samlip Craters
Second-quarter results diverge sharply in Korea: HL D&I Halla, Aton and Pulmuone post double-digit profit gains while SPC Samlip's operating profit nearly vanis
- South Korea's FSS to Co-Host International Climate Risk Conference on September 2
Korea's Financial Supervisory Service and Ewha Womans University will co-host an international conference on climate risk in finance on September 2.
- Korea's Industry Minister Vows to Clear Final Hurdles in U.S. Investment Talks
In Washington, Kim Jung-kwan said last-stage disputes over Korea's U.S. investment package will be resolved, calling American demands a push for faster deployme
- Korea's Youth Job Losses Are Shifting Into AI-Exposed White-Collar Sectors
Over half of last month's 190,000-plus drop in young Koreans' employment came from IT and professional services — sectors classified as highly exposed to AI.
- Record Bank Profits, Crypto Slump: Korea's Q2 Earnings Split in Two
SC First Bank and Citibank Korea posted record quarterly profits while Bithumb swung to a loss and Dunamu's income fell 60% in Korea's Q2 disclosures.
- Seoul's Greenbelt Hangs Over Korea's Coming 73,000-Home Land Package
Korea plans to unveil public housing districts of 73,000-plus homes as early as next month. Whether Seoul greenbelt land is included remains unresolved.
- Foreign Banks and Toss Post Record Quarters as Korea's Crypto Exchanges Slump
Q2 results split Korea's financial sector: SC First Bank, Citibank Korea and Toss Securities hit records while Bithumb and Dunamu saw profits collapse.
- Seoul Digs In Against Government Push to Build Housing on Yongsan Park Land
Seoul's city hall and Yongsan District oppose central government plans to put housing on Yongsan Park and greenbelt land under the August 13 supply package.
- Yongsan District Joins Seoul in Opposing Housing on Yongsan Park Land
Yongsan District has joined Seoul's city government in opposing the land ministry's review of Yongsan Park for housing, calling the site a national symbol.
- Korea East-West Power Brings In 121 New Hires With Safety and Digital Skills at the Forefront
Korea East-West Power inducted 121 second-half hires at its Ulsan headquarters, stressing safety, digital capability, and broader equitable recruitment.
- Korea's Housing Fix Hinges on Speed — and on Yongsan's Long-Locked Land
South Korea's land minister pairs early-construction incentives with a review of Yongsan Park and damaged greenbelt land to accelerate housing supply.
- Korea's Second-Quarter Earnings Show a Broad but Uneven Profit Recovery
Q2 results from Dongbu E&C, HiteJinro, HLB Pharma and Stonebridge Ventures point to a profit recovery spreading across Korea's mid-cap economy.
