🇰🇷 South Korea · Finance & markets
86 storiesCoreWeave shares fall about 15.5% as AI borrowing concerns weigh on markets
CoreWeave shares fell about 15.5% in New York on October 14 as investors scrutinised debt-funded AI infrastructure expansion. Its bond prices also dropped, while the chief executive said the company's backlog was sufficient to cover its obl…
South Korean stocks close more than 7% lower after trading halts
South Korea's KOSPI and KOSDAQ closed more than 7% lower on October 15 after intraday falls triggered 20-minute trading halts in both markets. Chosun Ilbo reported closing levels of 5,554.22 for the KOSPI, down 7.57%, and 760.82 for the KOS…
Kospi falls more than 5% as chip stocks slide, triggering trading curb
South Korea’s Kospi fell 5.38% to 6,041.06 at 10:09 a.m. on October 13, Newsis reported. A sell-side sidecar temporarily suspended program sell orders earlier in the morning as Samsung Electronics and SK Hynix shares declined.
South Korea and Japan extend $10 billion currency swap for three years
South Korea and Japan agreed on October 15 to extend their $10 billion currency swap for three years, through November 2029. Their finance ministers reached the agreement at a meeting in Bangkok.
Korean court suspends market-cap delisting decisions; exchange halts two more exits
Seoul Southern District Court Civil Division 51 granted injunctions on Oct 2 suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma until a main ruling. The court questioned the 45…
South Korea pension chief defends rebalancing delay amid parliamentary dispute
South Korea's National Pension Service chief defended delaying domestic-stock rebalancing at an October 14 parliamentary audit. He said applying the original rules would have required sales of more than 800 billion won a day, while oppositi…
Nasdaq closes at record high as AI stocks rally despite rising Treasury yields
US stocks rose on October 5 local time, with the Nasdaq Composite closing at a record high as technology and AI-related shares gained despite rising Treasury yields. Yonhap reported the Dow rose 0.18% to 51,267.90 and the S&P 500 gained 0.6…
Bank of Korea governor apologizes for insufficient leveraged ETF warnings
Bank of Korea Governor Shin Hyun-song (신현송) apologized on October 12 for failing to give sufficient warnings about single-stock leveraged exchange-traded funds. He told a parliamentary audit that the bank had not fully understood market vol…
KakaoBank launches mobile accounts, cards and remittances for foreign residents
KakaoBank announced mobile banking services for foreign residents of South Korea on October 12, combining account opening, debit cards and international remittances in its existing app. The bank says accounts can be opened in about five min…
KOSPI falls 5.46% as Samsung and SK Hynix shares retreat
South Korea's KOSPI fell 348.89 points, or 5.46%, to close at 6,035.35 on October 13 after dropping below 6,000 during trading. Samsung Electronics fell 7.39% and SK Hynix 10.09%, as outlets linked the sell-off to foreign selling and concer…
Data show 52 minors each hold 1 billion won or more in bank deposits
Data obtained by Rep. Park Sung-hoon of the People Power Party from the Korea Federation of Banks show that 52 minors each held 1 billion won or more in deposits at 19 domestic banks as of the end of July, up from 42 at the end of last year…
Rival parties clash at Seoul audit over single-stock leveraged ETF losses
Ruling and opposition lawmakers clashed at the National Assembly's Strategy and Finance Committee audit of the finance ministry on October 6 over single-stock leveraged ETFs and related documents. The opposition demanded presidential office…
South Korean financial holding firms post record H1 net profit of 17.6 trillion won
South Korea's 10 financial holding companies earned a combined consolidated net profit of 17.6 trillion won in the first half of 2026, up 2.2 trillion won (13.7%) from a year earlier, according to preliminary Financial Supervisory Service (…
Kospi slips below 7,000 after holiday open; Kosdaq gains about 2%
South Korea's Kospi opened at 7,044.67 on Oct. 6, up 40.93 points (0.58%), the first session after the Gaecheonjeol holiday, and the Kosdaq opened at 902.16, up 8.87 points (0.99%). The Kospi gave back the gain within minutes and was at 6,9…
13 Korean banks made 149 household loan restrictions since early last year
Financial Supervisory Service data obtained by the office of Democratic Party lawmaker Han Min-soo shows 13 Korean banks made 149 household loan restriction measures between January last year and Aug 11 this year, counted by product and app…
US 10-year Treasury yield hits 5.362%, highest since 2002, as selloff resumes
On Oct 7 the US Treasury selloff resumed, with the 10-year yield rising to 5.362% intraday and the 30-year to 5.731%, both the highest since 2002, according to Yonhap. The move extends a record quarterly rise and is driven by inflation pres…
Solidigm picks Goldman Sachs, Morgan Stanley for US IPO, Bloomberg reports
Solidigm, the SK Hynix group's NAND flash company, has chosen Goldman Sachs and Morgan Stanley as lead managers for a planned US initial public offering, according to Bloomberg, which cited people familiar with the matter. Bloomberg said th…
Youth Future Savings Account second round opens Oct 7 with up to 19.4% effective rate
The second round of applications for South Korea's Youth Future Savings Account runs from Oct 7 to Oct 16, with the first two days split by odd and even birth years, the Financial Services Commission and the Korea Inclusive Finance Agency s…
KOSPI opens down 1.11% at 6,864.25; KOSDAQ falls 0.27%
South Korea’s KOSPI opened 77.14 points, or 1.11%, lower at 6,864.25 on 7 October, while the KOSDAQ opened down 2.47 points, or 0.27%, at 917.45. The benchmark index rebounded to 6,944.83 by 09:25 as individual investors bought, then fell b…
KOSPI ends sixth straight decline just above 6,000
South Korea's KOSPI fell 0.44% to 6,008.81 on October 14, its sixth consecutive session of losses. An early rebound gave way to renewed foreign selling, while the KOSDAQ fell 1.57% to 823.88.