Posts
- Korea's Youth Savings Push Ends With 1.385 Million Enrolled, and a September Encore in View
Korea's Youth Future Savings scheme closed its first round with 1,385,000 final enrollees out of 2.34 million applicants, and regulators may reopen it in Septem
- KT CEO to Pitch AI and AX Growth Strategy at Daishin Securities Corporate Day
KT's chief executive will present the group's AI and AX growth strategy to investors at a Daishin Securities corporate day on August 12 at Conrad Seoul.
- One in Eight Korean Wage Workers Is Paid Below the Legal Minimum
Minimum Wage Commission data show about one in eight Korean wage workers earned below the hourly floor last year, with temporary workers hit hardest at 39%.
- Korean Won Strengthens to 10-Month High as Dollar Rate Falls to 1,416.1
The won-dollar exchange rate dropped 7.7 won to 1,416.1 at the August 7 close, its lowest level in 10 months after finishing at 1,423.8 a day earlier.
- Opposition Escalates Attacks on Seoul's Property Tax Overhaul as Ruling Party Cries Foul
South Korea's tax reform plan has ignited a partisan clash, with the People Power Party branding it a "tax on hatred" and the ruling party decrying fear tactics
- SK Hynix Extends Slide With 4.8% Drop After 10% Plunge as Samsung Steadies
SK Hynix fell 4.8% on August 7 after a 10% plunge the day before, while Samsung Electronics edged up 0.2%. Foreign and institutional selling drove the rout.
- Korea's Industry Minister Wants Profit-Linked Bonuses Put to a Shareholder Vote
Trade Minister Kim Jeong-kwan opposes bonuses pegged to a share of operating profit and is pushing to make shareholder-meeting approval mandatory.
- Korean Won Firms to 1,423.8 per Dollar, Extending Its Advance a Second Day
The won closed Seoul's main session at 1,423.8 per dollar on August 6, down 0.7 won, after an 8.0-won drop to 1,424.5 the previous day.
- KT Chief Park Yoon-young Makes Mokdong Data Center the Test Bed for an AI Infrastructure Push
KT CEO Park Yoon-young inspected the Mokdong data center, calling on the group to pool its capabilities and sharpen its AI data center competitiveness.
- SK Hynix Sinks More Than 10%, Samsung Falls 6.3% as Big Money Exits Seoul Chip Stocks
SK Hynix closed down more than 10% and Samsung Electronics lost 6.3% in Seoul on Aug. 6, with foreign and institutional investors leading the selling.
- Stemco Commits 150 Billion Won to Expand Its Ochang Plant in Cheongju
Inductor coil maker Stemco signed a 150 billion won agreement with North Chungcheong Province and Cheongju on Aug. 6 to enlarge its Ochang factory.
- Trump Puts 15% Tariff on Polysilicon Derivatives, Starting a 120-Day Countdown
Trump signed an executive order placing a 15% tariff on polysilicon derivative products, effective in 120 days, to push production of the chip and solar materia
- Academics Warn Korea's Property Tax Overhaul Could Squeeze Rental Supply
Public finance scholars caution that Korea's property tax reform, built on treating multi-homeowners as speculators, may shrink rental supply and push up rents.
- Daewoo E&C Nearly Triples Second-Quarter Profit as Samyang Packaging Grinds Higher
Daewoo E&C's Q2 operating profit jumped 182.6% to 232.3 billion won and Samyang Packaging added 21.4%, an early read on Korea's second-quarter earnings.
- Korea Turns From Property Taxes to Supply as Housing Package Enters Its Final Stretch
Fresh off its real estate tax overhaul, Korea's government is finalizing a follow-up housing supply package due this month, calling builders back for input.
- Korean Brokerages Cut Price Targets on LX International, Handsome and GC Biopharma
Eugene, Hanwha and DAOL trimmed their price targets after LX International, Handsome and GC Biopharma each reported second-quarter results below estimates.
- KOSPI Roars Back 3.8% to 6,598 as Foreign Buyers Erase a 5.1% Plunge
The KOSPI closed 3.8% higher at 6,598, wiping out a 5.1% plunge, as foreign investors bought 1.4 trillion won in shares and buy sidecars fired on both markets.
- Korea's Bond Market Leans Toward an August Rate Hold as July Inflation Cools
Slowing July consumer price growth has Korea's bond market expecting another Bank of Korea rate hold in August, even as core inflation edges higher.
- Korea's Inflation Slips Back Below 3% as Oil Price Cap Shaves 0.3 Points Off July CPI
Korea's consumer prices rose 2.8% in July, the first sub-3% reading in three months, helped by slower oil and farm price gains and a fuel price-cap scheme.
- KOSDAQ Rallies 8.5% in Two Sessions as Biotech Lifts Technology Growth Segment
KOSDAQ jumped 5.88% to 780.72 on August 4 after a 2.44% gain the prior day, with the Technology Growth segment and biotech names like LigaChem leading.
