News
Korea-US Strategic Investment Corporation Launches Operations Thursday
1+ hour, 36+ min ago (156+ words) [International]: The Korea-U. S. Strategic Investment Corporation, through which South Korea will invest 350 billion dollars in the U. S. in line with a 2025 pledge, has launched operations. In an inaugural ceremony held in Sejong City on Thursday, Finance Minister Koo Yun-cheol said the…...
S. Korea's Global Competitiveness Ranking Jumps by Six Notches to 21st
1+ hour, 51+ min ago (153+ words) [International]: South Korea's global competitiveness ranking rose to No. 21 this year. According to the annual report released Thursday by the International Institute for Management Development, South Korea ranked 21st in terms of world competitiveness among the 70 economies surveyed in 2026, up six…...
KOSPI Up 2. 25% Thursday
3+ hour, 6+ min ago (155+ words) [Economy]: The benchmark Korea Composite Stock Price Index rose 199-point-six points, or two-point-25 percent, on Thursday to close at a record high of nine-thousand-63-point-84. The tech-heavy KOSDAQ lost 31-point-03 points, or three-point-01 percent, to close at one-thousand-point-93. The South…...
Finance Minister Considers Support for Vulnerable Borrowers
3+ hour, 1+ min ago (146+ words) [Economy]: The South Korean government is reviewing measures to assist vulnerable borrowers and small to midsize importers in anticipation of a prolonged period of monetary policy tightening. Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol chaired an…...
SK hynix Eliminates Education Requirements for New Hires
1+ day, 3+ hour ago (150+ words) [Economy]: SK hynix has eliminated all education requirements for new hires. The top semiconductor firm said the change would start with its current recruitment period, which began Wednesday. Previously, the firm's job postings stipulated that applicants must hold at least…...
KOSPI Up 1. 58% Wednesday
1+ day, 4+ hour ago (153+ words) [Economy]: The benchmark Korea Composite Stock Price Index rose 137-point-64 points, or one-point-58 percent, on Wednesday to close at eight-thousand-864-point-24. The tech-heavy KOSDAQ gained 13-point-28 points, or one-point-three percent, to close at one-thousand-31-point-96. The South Korean won weakened....
SK Group's Market Cap Tops 2 Quadrillion Won
2+ day, 42+ min ago (154+ words) [Economy]: SK Group's market capitalization has topped two quadrillion won, or approximately one-point-three trillion U. S. dollars, thanks to a strong performance by SK hynix stocks. According to the Korea Exchange, the combined market cap of SK Group's 19 affiliate companies stood at…...
KOSPI Up 2. 11% Tuesday
2+ day, 4+ hour ago (155+ words) [Economy]: The benchmark Korea Composite Stock Price Index rose 180-point-62 points, or two-point-11 percent, on Tuesday to close at eight-thousand-726-point-six. The tech-heavy KOSDAQ lost 15-point-35 points, or one-point-48 percent, to close at one-thousand-18-point-68. The South Korean won weakened…...
Court Freezes Assets, Receivables Held by Joong Ang Group after Court-Led Rehabilitation Filing
2+ day, 8+ hour ago (109+ words) [Economy]: A Seoul court has frozen assets and receivables held by Joong Ang Group, one of South Korea's largest media entertainment groups that includes local broadcaster JTBC, after it filed for court-led rehabilitation in the midst of a liquidity crisis....
Export Prices Continue on Rising Trend for 11th Month in May amid AI Investment Expansion
2+ day, 10+ hour ago (108+ words) [Economy]: Prices of South Korean exports in May continued an upward trend for the eleventh consecutive month amid increasing demand for memory semiconductors and nonferrous metals, stemming from an expansion of investment in artifical intelligence. According to data from the…...