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ECONOMY

  • Bitcoin breaks above $77,000 despite U.S. rate hike

    Bitcoin has broken above the $77,000 mark despite an interest rate hike by the U.S. Federal Reserve. While higher interest rates typically weigh on risk assets like Bitcoin, analysts say the market had already largely priced in the move, and spot buying absorbed selling pressure from derivatives markets to keep prices resilient. According to U.S. cryptocurr..

  • KOSPI jumps 6% and KOSDAQ surges 5%, triggering buy sidecars in both markets

  • The KOSPI and KOSDAQ indexes surged on July 15, triggering program buying halts, known as "sidecars," across both exchanges.According to the Korea Exchange..
  • Tapping into retirement funds for the stock rally: Pension insurance cancellations surge 62%

  • Cancellations of pension savings insurance and redemptions of investment funds have broken records this year. The number of pension savings insurance cance..
  • Surging power demand from AI data centers and chips to leave Honam 2.3 GW short by 2030

  • While the government has unveiled blueprints to develop the southwestern Honam region into South Korea's second semiconductor manufacturing hub by establis..
  • Surging legal risks from Commercial Act revision prompt companies to delay investments and M&As

  • One year has passed since the implementation of the revised Commercial Act, which expanded the scope of directors' duty of loyalty from the "company" to th..
  • Share of rising Seoul apartment deals hits 57.1% in June, up 9.4%p MoM

  • The proportion of "appreciating transactions"—where apartments are sold at higher prices than their previous deals—approached 60% in the Seoul apartment ma..
  • Homeplus at crossroads: Will political mediation find a breakthrough?

  • Homeplus at crossroads: Will political mediation find a breakthrough?Political circles have brought MBK Partners and Meritz Financial Group to the negotiat..
  • ADB raises S. Korea's growth forecast for this year amid chip boom

  • The Asian Development Bank (ADB) has sharply upgraded its economic growth forecast for South Korea this year, reflecting robust momentum in the semiconduct..
  • Samsung-SK Hynix leverage ETNs sink below 20,000 won IPO price

  • As shares of Samsung Electronics and SK Hynix took a heavy beating, single-stock leverage financial products tracking the two tech giants tumbled to their..
  • Market volatility and rising interest rates drive idle funds into top 5 banks

  • As the stock market undergoes violent swings and market interest rates continue their upward trajectory, idle funds from both investors and corporations ar..
  • FSC to provide 300 billion won in special guarantees for SMEs hit by Homeplus crisis

  • The Financial Services Commission (FSC) is rolling out a "Crisis Response Special Guarantee" program to support small, medium, and mid-sized enterprises (S..
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"Hallyu ban to be removed quickly": Hopes of thaw in Seoul-Beijing ties

· "Efforts will be made to remove Hallyu ban quickly"
· SK Group Chairman heads to Japan to soften "WD risk"

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Jang Won-young shines as BVLGARI’s holiday muse

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