🇰🇷 South Korea · Finance & markets · 24 h
23 storiesNew York comptroller projects Wall Street profits above $90bn, record bonuses
New York State Comptroller Thomas DiNapoli estimated the state's securities industry will earn more than $90 billion (about 120 trillion won) this year, up from $65.1 billion last year, and that Wall Street bonuses will rise again to a reco…
Musk regains trillionaire status as SpaceX shares jump 7.63%
SpaceX shares closed 7.63% higher at $171.09 on Oct. 5, their highest level in about three months, after Morgan Stanley set a $300 target price. Forbes put Elon Musk's net worth at $1.046 trillion (about 1,400 trillion won), returning him t…
Second National Growth Fund round sells 316.2 bln won in four days, 52.7% of target
The second round of South Korea's state-backed National Participation National Growth Fund sold 316.2 billion won in its first four days, 52.7% of its 600 billion won target, the Financial Services Commission said. The remaining 283.43 bill…
Korea's financial investment association joins IIFA board talks in Toronto, plans Japan MOU
The Korea Financial Investment Association said it is attending the 39th annual meeting of the International Investment Funds Association (IIFA) in Toronto from October 5 as a board member, discussing international regulatory cooperation an…
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…
KOSDAQ closes at 919.92, up 2.98%, led by Jusung Engineering and biotech
The KOSDAQ closed at 919.92 on October 6, up 26.63 points, or 2.98%, after opening at 902.16, according to Yonhap, Asia Economy, Maeil Business and Chosun Ilbo. Jusung Engineering gained roughly 15% to 17% during the session; Asia Economy a…
Korea's crypto economy put at $449.1bn, largest in East Asia, Chainalysis says
Chainalysis estimates South Korea's crypto economy at $449.1 billion (about 604 trillion won) for the year to June, up 12.3% from a year earlier and the largest in East Asia, ahead of Japan's $228.3 billion. Activity on domestic exchanges r…
Korea Securities Finance issues first $300m foreign-currency global bond
Korea Securities Finance Corporation said it issued a $300m three-year dollar global bond, its first foreign-currency bond since its founding in 1955 and, according to the company, the first public global bond by any securities finance comp…
Won closes at 1,343.6 per dollar, down 0.4 won
The won closed at 1,343.6 per dollar on Oct. 6, down 0.4 won from the previous session, according to the 15:30 reference rate reported by Yonhap, Chosun Ilbo and Newsis. In morning trading the rate stood at 1,344 won, down 6.6 won (0.48%) f…
Japan raises 10-year bond coupon to 3.1%, highest since 1996
Japan's Ministry of Finance set the coupon rate on the 10-year government bonds it issues this month at 3.1%, up from 2.7%, the highest level since August 1996, according to Yonhap, Asia Economy and Korea Economic Daily. The ministry review…
Moonshot AI pursues Hong Kong IPO in first quarter of 2027 at $50 billion valuation
Chinese AI startup Moonshot AI has completed a final private funding round at a $50 billion valuation and is preparing a Hong Kong listing in the first quarter of 2027, according to Korean reports citing Bloomberg and Hong Kong media. The c…
Korea Post opens second round of youth savings account with rate up to 8%
Korea Post's postal savings arm said it will begin a second sales round of its Youth Future Savings account on Oct 7, with a maximum annual rate of 8.0%. Applicants aged 19 to 34 within income limits can apply through Oct 16, with account o…
KB Kookmin Card, MoonPay and Finger sign digital asset payment partnership
KB Kookmin Card said it signed a partnership with global digital asset payment infrastructure company MoonPay and fintech firm Finger to cooperate on digital asset and stablecoin-based payment services, with a joint concept proof planned. T…
KOSPI falls back below 7,000 as KOSDAQ jumps nearly 3%
South Korea’s KOSPI closed at 6,941.39 on October 6, down 62.35 points or 0.89%, giving up the 7,000 level one trading day after regaining it. The KOSDAQ rose 26.63 points, or 2.98%, to 919.92. A business outlet attributed the KOSPI decline…
KOSPI closes down 0.89% at 6,941.39
The KOSPI closed at 6,941.39 on October 6, 2026, down 0.89% or 62.35 points. SK Hynix and Samsung Biologics were among the decliners, according to Maeil Business. The chemical sector rose 1.59%, while mid-cap stocks, machinery and equipment…
iM Securities launches fractional trading for Korean stocks
iM Securities said on October 6 that it began a fractional trading service for domestic stocks, letting investors buy and sell in units smaller than one share. Trading is limited to KOSPI 200 and KOSDAQ 150 constituents, with a minimum orde…
Kiwoom Securities to host Oct 15 Corp Day for 15 small-cap companies
Kiwoom Securities said it will hold “Kiwoom Corp Day” on Oct 15, bringing 15 domestic small and mid-cap companies face to face with investors at the Financial Investment Education Institute in Yeouido, Seoul. The event, themed “Small-cap re…
KOSPI-listed KIE decides one-for-one bonus share issue
KIE, a company listed on South Korea's KOSPI, said it will issue one bonus share for every common share held, a 100% free share allotment. The decision was disclosed on Oct. 6 and reported by Yonhap and Newsis. The documents give no record …
Korea Financial Investment Association to hold global bond forum on Oct 15
The Korea Financial Investment Association said on Oct 6 that it will hold a Global Bond Forum on Oct 15 together with Korea Securities Finance and the Korea Securities Depository. The forum, linked to Korea Premium Week 2026, will introduc…
BofA says easy money from buying AI capex and selling consumers is fading
Bank of America strategists led by Savita Subramanian said in a client note that the excess returns from buying AI capital-spending beneficiaries and selling consumer themes are getting harder to capture. They pointed to extreme positioning…