🇰🇷 South Korea · Finance & markets, Crime & justice
120 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…
Seoul appeals court to rule in ex-President Yoon's free opinion poll case
A Seoul appeals court is due to deliver its verdict on Oct 7 in the political funds case against former President Yoon Suk Yeol, accused of receiving 58 free opinion polls from political broker Myung Tae-kyun. The first trial sentenced Yoon…
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…
Trump approves firing squad for Fort Hood shooter, first since WWII
US President Donald Trump has approved a firing-squad execution for Nidal Malik Hasan, convicted in the 2009 Fort Hood shooting that killed 13 people and wounded 32. The Pentagon said Defence Secretary Pete Hegseth recommended the method an…
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…
Joo Ho-min urges Supreme Court to allow third-party recordings in abuse cases
Webtoon artist Joo Ho-min and 10 disability groups called on the Supreme Court on Oct. 6 to recognise an exception to the ban on third-party recording when abuse of people who cannot speak for themselves is suspected. Joo said a recording h…
Police probe alleged leak of Korean hospital CCTV footage to overseas sites
Police have opened an investigation into suspicions that CCTV footage from Korean medical institutions, including surgery and changing rooms, was leaked to overseas illegal sites. A lawmaker's office says 80 videos from obstetrics, plastic …
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…
Daegu court gives 62-year-old 7 years for killing disabled nephew, attacking mother
A 62-year-old man was sentenced to seven years in prison by Daegu District Court on October 6 for killing his intellectually disabled niece by pushing her into the sea and for attempting to kill his mother, who has dementia. The trial was a…
Police open probe into Samsung Electronics union chief over father-in-law contract
Seoul police have begun investigating Choi Seung-ho, head of the Samsung Electronics branch of the Samsung Group's inter-enterprise labor union, over a contract for protest supplies placed with a company run by his father-in-law. Officers a…
Supreme Court moves to discipline judge Ji Gwi-yeon over alcohol allegations
The Supreme Court said a disciplinary process will go ahead for Seoul Northern District Court senior judge Ji Gwi-yeon, who was indicted over having two lawyers pay for drinks worth about 4.09 million won at a reservation-only bar in Cheong…
Couple in their 60s found dead in Naju house; police seek suspect
A couple in their 60s were found dead at a house in Naju, in the Jeonnam-Gwangju region, according to police reports carried by several South Korean outlets on Oct 6. Local reports described the bodies as bound and said police believe the c…
Former forest fire monitor gets 2 years on appeal over Namwon arson
An appellate court sentenced a 58-year-old former forest fire monitor in Namwon to two years in prison for setting fires six times in February 2026 after he was dropped from the city's fire-monitor hiring for this year. The Gwangju High Cou…
Seoul police arrest man in 20s over killing of 70-year-old in Gangbuk-gu
Police in Seoul's Gangbuk district emergency-arrested a man in his 20s at about 01:00 on Oct. 5 on suspicion of murdering a man in his 70s in a residential area of Gangbuk-gu. Police believe the victim was killed at about 23:00 on Oct. 3 an…
Doctor in Gimhae arrested over diverted propofol and falsified records
Police in South Gyeongsang Province have arrested a doctor in his 50s accused of diverting about 28,380 mg of propofol at the hospital he ran in Gimhae between November 2025 and June 2026 and using it himself, while falsifying records and t…
Man in 50s gets suspended sentence for drunk driving after 6 prior penalties
Changwon District Court sentenced a man in his 50s to one year and six months in prison, suspended for three years, for driving drunk and crashing a van in Gimhae in February, Yonhap and Seoul Economic Daily reported. The court also ordered…
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…