Most Popular
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Yoon Suk Yeol's impeachment vote looms large
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In Yoon's martial law speech, a window into his troubling worldview
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Ruling party leader stands firm on suspending Yoon from his position
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How Yoon’s fate could unfold under 4 scenarios
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Yoon needs to be stopped from exercising power as president: ruling party head
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South Korean military says will not obey another martial law
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[Latest Updates] Martial law fallout
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Why did martial law troops go to National Election Commission?
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Rights group claims proof of 2nd martial law declaration
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Protests sweep South Korea as calls for Yoon Suk Yeol's resignation intensify
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Seoul shares open higher as US debt jitters ease
South Korean stocks opened higher Tuesday on a breakthrough in US debt ceiling negotiations. The benchmark Korea Composite Stock Price Index added 17.36 points, or 0.68 percent, to 2,576.17 in the first 15 minutes of trading. Over the weekend, US President Joe Biden and House Speaker Kevin McCarthy agreed to raise the nation's debt ceiling. Now, the deal would need to get enough bipartisan support in Congress before the June 5 deadline to avert a potentially devastating federal default. Sou
May 30, 2023
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Foreign purchases of tech, auto stocks amount to over W16t this year
Foreign purchases of South Korean tech and auto stocks have reached over 16 trillion won ($12 billion) so far this year, according to the Korea Exchange on Monday. Foreigners bought 16.45 trillion won worth of Samsung Electronics Co., Hyundai Motor Co. and other related stocks this year through May 26, according to the main bourse. In the first five months, foreigners bought 9.78 trillion won worth of Samsung Electronics stocks, followed by 1.26 trillion won worth of Hyundai Motor shares, 1.1 tr
May 29, 2023
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Retail investors' battery frenzy continues
While foreign investors are scooping up major tech shares, retail investors in Korea are continuing to bet on a battery boom, anticipating further growth for the industry. Earlier this year, share prices of battery-related firms soared, as Korean battery firms are expected to benefit from the US Inflation Reduction Act with tax incentives when battery materials are processed there. Reflecting the outlook, the top shares bought by retail investors on the Korean stock market from Jan. 2 to May 2
May 28, 2023
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Foreign investors return to Korean stock market
Foreign investors have returned to the Korean stock market, net buying more than 11 trillion won ($8.29 billion) this year, buoyed by the outlook of a chip recovery. According to data compiled by the Korea Exchange, non-Korean investors net bought Korean shares worth 11.77 trillion won from Jan. 2 to Thursday, marking a turnaround from massive sell-offs the previous two years. The buying spree of foreign investors was led by big-name tech giants, including Samsung Electronics and SK hynix, backe
May 28, 2023
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Seoul shares up on big-cap chip rally
South Korean stocks ended slightly higher Friday, as chip giants rose sharply on hopes for a market turnaround despite concerns about a deal on the United States' debt ceiling. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 4.12 points, or 0.16 percent, to close at 2,558.81, ending a two-day decline. Trading volume was a bit slim at 618.73 million shares worth 9.26 trillion won ($6.99 billion), with losers far outpacing gainers 672 to
May 26, 2023
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Seoul shares open tad higher on chip rally
South Korean stocks opened a tad higher Friday on sharp gains of major chipmakers amid lingering uncertainties over negotiations on the United States' debt ceiling to avoid a default. The benchmark Korea Composite Stock Price Index added 3.77 points, or 0.15 percent, to 2,558.46 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq Composite jumped 1.71 percent, after Nvidia surged more than 24 percent after the company posted stronger-than-expected revenue guidance. But the
May 26, 2023
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SC Bank holds prize event for new special interest account holders
Standard Chartered Bank Korea is holding an event for first-time customers who sign up for its Jaeil EZ Account – an occasional deposit and withdrawal account that provides an annual pretax interest rate of up to 3.6 percent even if customers deposit money for just one day. The event, which continues until May 31, offers prizes to a few chosen customers among those who open an account and submit an entry by May 31. One event entry will be additionally counted for every 1 million won ($754)
May 25, 2023
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Seoul shares down for 2nd day on US debt ceiling woes
South Korean stocks ended lower for the second day in a row Thursday, as uncertainties linger over talks on the United States' debt ceiling to avoid a federal default. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 12.76 points, or 0.5 percent, to close at 2,554.69. Trading volume was moderate at 903.89 million shares worth 9.27 trillion won ($6.99 billion), with losers outpacing gainers 681 to 182. The index opened slightly higher, despi
May 25, 2023
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Seoul shares open slightly higher on chip shares
South Korean stocks opened slightly higher Thursday, led by big-cap tech gains, despite uncertainties over the United States' debt ceiling negotiations. The benchmark Korea Composite Stock Price Index added 3.01 points, or 0.12 percent, to 2,570.46 in the first 15 minutes of trading. Overnight, US shares ended lower as negotiations on the US' debt ceiling drag on, with just eight days left till the June 1 deadline. The Dow Jones Industrial Average lost 0.77 percent, and the tech-heavy
May 25, 2023
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Seoul shares close flat amid US debt ceiling uncertainties
South Korean stocks ended nearly flat after a seven-day rise Wednesday, as uncertainties linger over talks on the United States' debt ceiling to avoid a federal default. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 0.10 points, or 0.0 percent, to close at 2,567.45. Trading volume was moderate at 1.06 billion shares worth 7.79 trillion won ($5.91 billion), with losers outpacing gainers 460 to 397. Institutions sold a net 185.5 billion wo
May 24, 2023
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Seoul shares open higher on tech gains
South Korean stocks opened higher Tuesday on the back of gains in big-cap tech and chemical shares. The benchmark Korea Composite Stock Price Index added 9.37 points, or 0.37 percent, to 2,556.45 in the first 15 minutes of trading. Overnight, US shares ended mixed as investors were awaiting the development regarding talks on a debt ceiling deal to avert a federal default. The Dow Jones Industrial Average lost 0.42 percent, while the tech-heavy Nasdaq Composite rose 0.5 percent. US House Speaker
May 23, 2023
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Seoul shares up for 6th day on hopes for US debt ceiling deal
South Korean stocks ended markedly higher Monday to extend their winning streak to a sixth session as investors were optimistic about a deal on the United States' debt ceiling to avoid a federal default. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 19.29 points, or 0.76 percent, to close at 2,557.08. Trading volume was a bit slim at 583.13 million shares worth 8.04 trillion won ($6.09 billion), with gainers outpacing decliners 634 to 2
May 22, 2023
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Seoul shares open higher on tech, auto gains
South Korean stocks opened higher Monday, led by big-cap tech and auto shares, as talks for the United States' debt ceiling deal were to resume soon. The benchmark Korea Composite Stock Price Index added 9.18 points, or 0.36 percent, to 2,546.97 in the first 15 minutes of trading. US President Joe Biden and House Speaker Kevin McCarthy are scheduled to meet Monday to seek a breakthrough regarding their debt ceiling negotiations, according to foreign media reports. On Friday, the negotiation
May 22, 2023
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Osstem Implant plans for Kosdaq delisting
South Korea's largest dental implant maker announced Thursday it will discuss the firm's delisting from the secondary bourse Kosdaq at its extraordinary general meeting slated for June 28. Osstem Implant plans to initiate the delisting application process once the resolution is passed at the general meeting that will be attended by private equity funds Unison Capital Korea and MBK Partners, the firm's largest shareholders. The MBK Partners-Unison Capital Korea consortium has acq
May 19, 2023
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Seoul shares open higher amid eased debt-ceiling woes
Seoul shares opened higher Friday, tracking Wall Street gains overnight, amid hopes that the US government will be able to avert a debt default. The benchmark Korea Composite Stock Price Index rose 10.5 points, or 0.42 percent, to 2,525.9 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.3 percent to 33,535.91, and the tech-heavy Nasdaq Composite climbed 1.5 percent to 12,688.84. The US government needs to lift the debt ceiling to cover its future spending pl
May 19, 2023
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Seoul shares at over 2-week high on eased US default woes
South Korean stocks rose to an over two-week high Thursday as investor sentiment was buoyed by rising hopes that Washington would reach a deal on the debt ceiling. The Korean won gained ground against the greenback. The benchmark Korea Composite Stock Price Index rose 20.74 points, or 0.83 percent, to finish at 2,515.4. It is the highest closing point since 2,524.39 on May 2. Trading volume was moderate at 558.3 million shares worth 7.64 trillion won ($5.72 billion), with winners far outnumberin
May 18, 2023
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Seoul shares open higher as debt-ceiling concerns ease
Seoul shares opened higher Thursday after US stocks rallied on optimism that a deal to raise the US debt ceiling is within reach. The benchmark Korea Composite Stock Price Index rose 15.4 points, or 0.62 percent, to 2,510.06 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average advanced 1.2 percent to 33,420.77, and the tech-heavy Nasdaq Composite climbed 1.3 percent to 12,500.57. The US government needs to lift the debt ceiling to cover its future spending plans and pr
May 18, 2023
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Seoul shares finish up 0.58% on uncertainties
South Korean stocks finished a tad higher Wednesday as investors remained lukewarm amid lingering US debt woes and weaker-than-expected retail sales data. The Korean won gained ground against the greenback. The benchmark Korea Composite Stock Price Index added 14.42 points, or 0.58 percent, to close at 2,494.66. Trading volume was moderate at 555.6 million shares worth 7.07 trillion won ($5.28 billion), with gainers beating decliners 552 to 318. Foreign investors and institutions scooped up a co
May 17, 2023
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Seoul shares open nearly flat on lingering US debt ceiling concerns
South Korean stocks started nearly unchanged Wednesday amid protracted US debt-ceiling negotiations. The benchmark Korea Composite Stock Price Index fell 0.11 point to 2,480.13 in the first 15 minutes of trading. On Wall Street, the Dow Jones Industrial Average tumbled 1.01 percent and the tech-heavy Nasdaq Composite declined 0.18 percent as investors awaited developments in the negotiations on debt deals. In Seoul, big caps traded in mixed territories. Top carmaker Hyundai Motor rose 0.74 perce
May 17, 2023
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Seoul shares open higher amid US debt ceiling woes
South Korean stocks opened higher Tuesday as investor sentiment was buoyed by ongoing US debt ceiling negotiations. The benchmark Korea Composite Stock Price Index climbed 16.3 points, or 0.66 percent, to 2,495.65 in the first 15 minutes of trading. US stocks finished a tad higher overnight on rising optimism that Washington would reach a debt ceiling deal. The Dow Jones Industrial Average rose 0.14 percent, and the tech-savvy Nasdaq Composite went up 0.66 percent. In Seoul, market bellwether Sa
May 16, 2023