Posts
- Kospi Ends Above 6,900 After Intraday Brush With 7,000, Extending Rally to Five Sessions
South Korea's Kospi climbed 2.4% on August 14 to close back above 6,900, its fifth straight daily gain, after briefly topping 7,000 during the session.
- Record Quarters for Foreign Banks as Korea's Crypto Exchanges Slide
SC First Bank and Citibank Korea posted record Q2 profits while Bithumb swung to a loss and Dunamu's income fell 60%, a widening split in Korean finance.
- Seoul Housing Push Turns to Yongsan Park Land as Ministry Courts City Hall
Korea's land ministry will consult Seoul on converting the Yongsan Children's Garden site to housing, as Minister Kim Yoon-deok touts smooth ties with Mayor Oh.
- Bill Gates Back in Seoul After a Year, With Small Modular Reactors on the Table
Bill Gates arrived in South Korea on August 13 for talks on SMR cooperation with government officials and business leaders including SK's Chey Tae-won.
- Gangnam Apartment Prices Turn Lower as Korea's Tax Overhaul Hits High-End Owners
Seoul apartment price growth is slowing, and Seocho and Gangnam have swung to declines after the 2026 tax reform plan raised the burden on high-priced homes.
- KOSPI Jumps 3.56% in Chip-Led Rally, Extending Its Winning Streak to Four Days
South Korea's KOSPI surged 3.56% on August 13 as semiconductor shares powered a fourth straight advance, while the KOSDAQ closed just 0.29% higher.
- Samsung and SK Hynix Extend Rally as Chip Export Momentum Overrides Analyst Caution
Samsung Electronics and SK Hynix closed sharply higher again on August 13, capping a three-day rally driven by chip export strength and broad institutional buyi
- Seoul Metro Area to Get 230,000-Plus New Homes as Government Pairs Land Release With Easier Loans
South Korea unveiled a plan for over 230,000 additional homes in the capital region, including greenbelt sites, alongside expanded loans for young buyers.
- Won Slips to 1,419.4 at Seoul Close, Then Breaks 1,420 in Late Trading
The Korean won weakened 3.7 won to 1,419.4 per dollar at the August 13 daytime close in Seoul, and the rate crossed the 1,420 line in extended trading.
- Daedong Metal Funds a ₩9 Billion Hydrotech Stake as KOSDAQ Flags Its Market Cap
KOSDAQ-listed Daedong Metal raised ₩9 billion via a third-party allotment to Daedong and bought affiliate Hydrotech shares as the exchange flagged its market ca
- Democratic Party Convenes First Meeting of Housing Market Stabilization Task Force
Korea's Democratic Party launched its Housing Market Stabilization Task Force on August 12, with acting leader Han Byung-do presiding at the National Assembly.
- Hanwha Taps Three National Universities for AI and Aerospace Talent in Korea's Southeast
Hanwha has agreed with three national universities in southeastern Korea to train AI and aerospace talent, anchoring the region's growing space industry cluster
- Korea to Define Legal Strike Boundaries Through Decree Under Yellow Envelope Law
Labor Minister Kim Young-hoon said the ministry is weighing an enforcement decree or ministerial rules to set criteria for lawful disputes under the amended Tra
- KOSPI Jumps 3.68% to 6,579 as Chip Rally Ends KOSDAQ's Turn in the Lead
Seoul's benchmark KOSPI closed at 6,579 on August 12, up 3.68% on semiconductor strength, days after a 6.97% KOSDAQ surge triggered a buy sidecar.
- US Inflation Holds at 3.4% in July, Weakening the Case for Another Fed Hike
US consumer prices rose 3.4% from a year earlier in July, matching forecasts — an in-line reading that eases pressure on the Fed and shifts the calculus in Seou
- GameStop Weighs Dropping $56 Billion eBay Takeover in Favor of a Partnership
GameStop is reportedly reconsidering its $56 billion bid for eBay and studying a partnership or joint venture instead, a far less capital-intensive route.
- Korea's Two-Speed Second Quarter: Record Exports, Record Retail Decline
South Korea's Q2 2026 exports hit an all-time $275.5 billion on the chip boom, while hypermarket sales fell a record 9.4% amid Homeplus's rehabilitation.
- Korean Pharma Earnings Diverge: JW Surges 33% as Huons and Medytox Profits Slide
Second-quarter results split Korea's mid-cap drugmakers: JW Pharmaceutical's profit jumped 32.7% while Huons fell 77.6%, Medytox slipped and Lunit's revenue gre
- NH Investment & Securities Hosts NYSE Chief for Capital Market Talks in Seoul
NH Investment & Securities met NYSE Group head Lynn Martin in Seoul on August 11 to discuss expanding cooperation between Korean and U.S. capital markets.
- Seoul Orders Rethink of ISA Reform After Backlash From Both Parties
President Lee Jae Myung ordered a review of the ISA overhaul and the stock-price suppression bill, and the finance ministry says it will seek fixes.
