🇰🇷 South Korea · Finance & markets, Business
225 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…
Nvidia CEO's son-in-law Nico Caprez rises to vice president, reports say
Nico Caprez (35), the son-in-law of Nvidia CEO Jensen Huang, has become vice president for global AI infrastructure growth, according to a report by The Information on Oct. 5 that Yonhap and the Kyunghyang Shinmun relayed. He was promoted i…
Celltrion launches Omlyclo in U.S., first omalizumab biosimilar, listed on Optum formulary
Celltrion said it launched Omlyclo, its omalizumab biosimilar, in the United States on Oct. 5 local time, the first such biosimilar on that market. The product carries a wholesale price about 15% below the original and is listed as a prefer…
Lotte Department Store foreigner sales top 1 trillion won, first in industry
Lotte Department Store said its cumulative foreigner sales this year passed 1 trillion won on the morning of Oct 6, the first time a Korean department store has reached that level in a year. The company said it had already surpassed last ye…
Lotte Department Store wine buyer receives Saint-Émilion knighthood in France
Lotte Department Store said on Oct 6 that Choi Jun-ho, a buyer on its wine and liquor team, received the Jurade de Saint-Émilion wine knighthood in France. The company said he was recognised for introducing about 700 French wines in South K…
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…
Shinsegae invests $1bn in Warner Bros. deal as Paramount completes takeover
Shinsegae Group said its unit Shinsegae Property will invest $1bn (about 1.4 trillion won) in the takeover of Warner Bros. led by Paramount Skydance, alongside David Ellison and US investment firm RedBird. Paramount completed the acquisitio…
NH cuts Hyundai Motor target price to 540,000 won, sees fourth-quarter rebound
NH Investment & Securities cut its target price for Hyundai Motor to 540,000 won from 620,000 won while keeping a buy rating, saying third-quarter results will miss market expectations. It forecast third-quarter revenue of 42.2232 trillion …
LG Electronics signs 5GW AI data center cooling supply deal in North America
LG Electronics said its US subsidiary signed a long-term supply agreement with North American infrastructure platform company AIR Control Concept to provide chillers and other cooling solutions for a total of 5GW of AI data centers. The com…
Korea new-home subscription competition rate halves as supply rises 34%
South Korea’s new-home subscription market split sharply this year: general supply rose 34% year-on-year to 85,321 households, but the first-tier average competition rate fell to 5.6 to 1 from 10.2 to 1, according to Zigbang data reported b…
Posco Future M, Samsung SDI sign 6 trillion won LFP cathode supply deal
Posco Future M said on Oct 6 that it signed a long-term battery materials supply contract with Samsung SDI that includes lithium-iron-phosphate (LFP) cathode materials, reported at 6 trillion won. The contracted volume is more than double t…
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…
Samsung Biologics union seeks direct bargaining with Samsung Electronics
The Samsung Biologics Sangsaeng labor union said it sent Samsung Electronics a formal request for collective bargaining over personnel and compensation systems, arguing the larger company is a de facto employer. It asked Samsung Electronics…
Daishin Asset Management launches shareholder-return high-dividend fund
Daishin Asset Management launched the Daishin Shareholder Return High Dividend Fund on Oct. 6, 2026, an equity fund that picks companies whose dividends and buybacks are large relative to their share price. It invests at least 60% in stocks…
Hanmi Semiconductor wins 24.48 bln won equipment order from Samsung Electro-Mechanics
Hanmi Semiconductor disclosed a 24.48 billion won order from Samsung Electro-Mechanics for its Micro Saw & Vision Placement (MSVP) semiconductor back-end equipment, with Newsis reporting the deal in its headline as about 24.5 billion won. H…
Burger King ends Yoo Hae-jin ad campaign amid film dispute and boycott calls
Burger King ended its advertising campaign featuring actor Yoo Hae-jin for the Truffle Mushroom Whopper, about two weeks after the product's Sept 16 launch, as online calls to boycott products he advertises spread amid the historical distor…
Huawei and Qualcomm sign multi-year 5G and AI patent cross-licensing deal
Huawei and Qualcomm announced a multi-year patent cross-licensing agreement covering 5G, computing, artificial intelligence and networking, under which Qualcomm will also buy some of Huawei's US patents. Neither company disclosed the contra…