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ECONOMY

  • KOSPI skids 6% after circuit breaker, clinging to 5,000 level

    South Korea's benchmark KOSPI plunged more than 8% during trading Friday, briefly falling below the 5,000-point mark before recovering some of its losses to close above 5,050. Foreign investors sold more than 2.7 trillion won worth of shares on a net basis amid a sharp sell-off in U.S. technology stocks, with semiconductor heavyweights Samsung Electronics an..

  • Kospi hits 3,500 for first time

  • The Kospi touched the 3,500 mark for the first time on October 2, lifted by strength in semiconductor shares. As of the morning session, the benchmark..
  • Foreign investors push Korean stock ownership above 30% of market cap

  • Foreign investors, who have led Korea’s stock market rally in the second half of the year, now hold more than 30 percent of the nation’s total market capit..
  • September consumer sentiment dips on construction, export worries

  • South Korea’s Composite Consumer Sentiment Index (CCSI) fell from a month earlier in September, reflecting concerns over a sluggish construction sector and..
  • Lotte Card hack exposes 2.97 million users; company vows full compensation

  • Credit card issuer Lotte Card said Thursday that personal data from 2.97 million customers had been leaked in a massive hacking incident, promising to full..
  • Export, import prices rise for second month on FX, tech costs

  • Korea’s export and import prices both rose in August for the second consecutive month, driven by a weaker won and higher prices for computers and electroni..
  • Korean retail investors flock to U.S. stocks

  • Korean retail investors’ holdings of U.S. equities have hit an all-time high, underscoring strong confidence in the American market and the appeal of growt..
  • Kospi tops 3,400 at the open

  • The Kospi topped the 3,400 mark in early trade on September 15, setting another record high. In intraday moves, the benchmark climbed as high as 3,419.29,..
  • Finance minister says major shareholder tax threshold will stay at 5 billion won

  • Deputy Prime Minister and Finance Minister Koo Yoon-cheol announced on September 15 that the government will maintain the current 5 billion won threshold f..
  • KOSPI hits record high for second straight day, touches 3,340 intraday

  • South Korea’s benchmark KOSPI index climbed nearly 0.6% on Thursday, setting a new all-time high for the second consecutive day and briefly touching the 3,..
  • South Korea adds 166,000 jobs in August, but youth and manufacturing employment remain weak

  • South Korea’s job market continued to expand in August, though gains were driven largely by senior employment, while youth and manufacturing jobs saw persi..
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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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