🇰🇷 South Korea · Finance & markets, Science · 7 days
67 storiesS&P 500 closes above 7,800 for first time; Nasdaq also at record
New York's three main indices closed higher on Oct 6, with the S&P 500 ending above 7,800 for the first time at 7,818.93 and the Nasdaq Composite at a record 27,599.79. Korean outlets attributed the gains to third-quarter earnings expectati…
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…
Ark's Cathie Wood Repeats $1.5 Million Bitcoin Forecast for 2030
Ark Invest CEO Cathie Wood has reiterated a forecast that bitcoin will reach $1.5 million by 2030, about 1665% above the roughly $85,000 level where the reports say it was trading. Wood points to institutional inflows, a more favourable US …
Nuri rocket erected on launch pad ahead of fifth flight on Oct 7
South Korea's Nuri rocket moved from its assembly building to the second launch pad at the Naro Space Center in Goheung on the morning of Oct 6 and was erected and fixed in place at 10:35, according to the Korea AeroSpace Administration and…
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…
Weak US jobs data lift October Fed rate-hold bets; bitcoin slips below $86,000
US employment data came in weaker than expected, strengthening expectations the Federal Reserve will hold interest rates at its October meeting, with Kukmin Ilbo putting the odds of a hold at 78 percent. Major cryptocurrencies that had rise…
Nvidia sets second straight record close; Korean AI supply chain shares rally
Nvidia closed 2.1% higher at $238.90 on October 5 in New York, a second consecutive record close, lifting its market capitalisation to about $5.76 trillion and putting the first $6 trillion valuation within reach. Korean outlets also report…
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…
LG affiliates to test five parts in space on Nuri rocket's fifth launch
LG Science Park said five parts from three LG affiliates will fly on a cubesat carried as a sub-payload on the Nuri rocket's fifth launch, scheduled for 7 October, in cooperation with lunar rover startup Unmanned Exploration Research Instit…
Nobel physics prize goes to Francis Halzen for Antarctic neutrino observatory
The Royal Swedish Academy of Sciences awarded the 2026 Nobel Prize in Physics to Francis Halzen, a Belgian-born professor at the University of Wisconsin–Madison, for building the IceCube Neutrino Observatory in Antarctica and discovering hi…
Nuri rocket erected on pad; Oct. 7 launch to carry 15 satellites, most yet
South Korea's Nuri rocket was moved to the launch pad at the Naro Space Center in Goheung on Oct. 6 and erected upright, with the space agency and the Korea Aerospace Research Institute saying the work was completed at 10:35 a.m. The launch…
Wall Street banks start selling $60bn Anthropic AI-chip loan, FT reports
Bank of America, Citigroup and Morgan Stanley have begun selling part of a $60bn loan that funds Anthropic's leasing of Google tensor processing units, according to the Financial Times, as reported by Yonhap. The sale is described as the la…
New 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…
Nuri set to launch 15 satellites on the 7th, its most in one flight
South Korea's Nuri launch vehicle is scheduled to fly for the fifth time on the 7th from the Naro Space Center in Goheung, South Jeolla Province, carrying 15 satellites — the most in a single Nuri launch. Five ultra-small cluster satellites…
Nobel Prize in Physics goes to Francis Halzen for neutrino observation
The 2026 Nobel Prize in Physics was awarded to Francis Halzen, 82, for decisive contributions to the IceCube Neutrino Observatory and the discovery of high-energy neutrinos of astrophysical origin, the Nobel Committee of the Royal Swedish A…
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…
Nobel physics prize goes to Francis Halzen for Antarctic neutrino work
The Swedish Royal Academy of Sciences' Nobel Committee announced on Oct 6, local time, that the 2026 Nobel Prize in Physics goes to Francis Halzen, an 82-year-old Belgian-born professor at the University of Wisconsin-Madison. Korean outlets…
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…
New York stocks open mixed as 10-year Treasury yield holds near 5.3%
New York's main stock indices opened mixed on October 5, with the Dow Jones Industrial Average down about 0.27% as the 10-year US Treasury yield held around 5.3%, a level Asia Economy described as the highest in several years. The S&P 500 a…
Francis Halzen wins 2026 Nobel Physics Prize for IceCube neutrino work
Francis Halzen, a professor at the University of Wisconsin-Madison, has won the 2026 Nobel Prize in Physics as the sole laureate. He was cited for his decisive contribution to the IceCube Neutrino Observatory and the discovery of high-energ…