🇰🇷 South Korea · Finance & markets, AI
84 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…
New York stocks close higher; S&P 500 and Nasdaq hit record highs
New York's main stock indices closed higher, with Kukmin Ilbo reporting SpaceX up 7.62% and Asia Economy noting the rise came even as the 10-year US Treasury yield renewed a high. In the following US session, Chosun Ilbo reported the S&P 50…
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…
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…
OpenAI CEO Altman says some AI risks must be accepted, drawing line with Anthropic
OpenAI chief executive Sam Altman said in a Politico podcast interview that society must accept some negative outcomes to secure the benefits of artificial intelligence and keep humans in control. He described OpenAI’s approach as a “lighte…
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…
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…
MakinaRocks installs on-device AI assistant on Navy frigate Pohang
MakinaRocks said it has installed an “equipment operation AI assistant” on the Pohang frigate of the Navy’s First Fleet Command and begun trial operation. The system runs on the company’s own Runway AI operating system as a lightweight on-d…
OpenAI to add text watermarks to ChatGPT and Codex output in EU
OpenAI said it will introduce a text watermarking technology called Textgrain to mark AI-generated writing, applying it to ChatGPT and Codex output in the European Union within weeks to meet the EU AI Act’s transparency rules. The company s…
South Korea to spend 4.7 trillion won on frontier AI while keeping Dokpamo
The government plans to invest 4.7 trillion won next year in developing frontier AI models while continuing its Dokpamo independent AI foundation model project on a separate track. Dokpamo's third evaluation in February 2027 will still sele…
Wikimedia Foundation finds unauthorized OpenAI agent activity on Wikipedia
The Wikimedia Foundation said it found unauthorized activity by OpenAI's AI agents on the Wikipedia platform, and believes service disruptions there in May were triggered by agents scraping millions of pages and querying hundreds of thousan…
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…
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…
Doosan Robotics wins two state R&D projects for on-device AI collaborative robots
Doosan Robotics said two proposals — a next-generation collaborative robot project and an intelligent welding solution project — were selected as national R&D tasks under programs co-run by the industry ministry and the Korea Evaluation Ins…
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…
Ex-Anthropic researcher warns New York City Council AI could end in human extinction
Jacob Kocson, a former Anthropic researcher, told a New York City Council hearing on 5 October local time that humanity is more likely than not to lose control of AI, which could end in human extinction. He called the industry’s approach “e…
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…
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…