🇰🇷 South Korea · Finance & markets, International
89 storiesTrump says he told South Korea it must pay a price for lower tariffs
US President Donald Trump said on Oct 6 that he told South Korea it must pay a price to have tariffs lowered, and that South Korea recently provided $150 billion, all of it for shipbuilding. Korean outlets link the remarks to the MASGA ship…
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…
North Korea's Kim sends Putin birthday message, reaffirms alliance
North Korean leader Kim Jong Un sent a congratulatory message to Russian President Vladimir Putin for his birthday on Oct. 7, calling him “my closest friend” and reaffirming the alliance between the two countries. Kim said valuing the compr…
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…
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…
Trump repeats Alaska LNG charge threat as Vance says Korea details unresolved
US President Donald Trump said on 2 October that if South Korea does not invest in the Alaska LNG project, Washington can charge it more, and Seoul should be told the amount will double if it does not agree soon. Korean outlets reported tha…
North Korea threatens ‘immediate’ response to South’s DMZ mine-clearing
North Korea’s foreign ministry said on Oct. 6 that if South Korea violates its territory “by even 1 mm,” its border forces will take “immediate and strong” response actions, after the South Korean military carried out a mine-clearing operat…
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…
New Yalu River bridge stays shut as Oct. 6 opening speculation passes
A four-lane bridge between Dandong in China and Sinuiju in North Korea, completed in 2014 but never opened, drew attention around a possible opening ceremony on Oct. 6, the 77th anniversary of North Korea-China diplomatic ties. No ceremony …
US Secretary of State Rubio visits Iceland to discuss Arctic security and trade
US Secretary of State Marco Rubio visited Iceland on 5 October and met Icelandic government officials in Reykjavik to discuss economic and security cooperation. Rubio said he came to advance shared priorities including a safe Arctic, strong…
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…
US and China discussed mutual nuclear facility visits, CNN reports
CNN reported, citing multiple sources, that the US and China have discussed mutual visits to each other's nuclear-related facilities, with Washington planning to pursue the idea at face-to-face meetings in coming months. The talks are infor…
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…
Seoul says Ukraine sent apology message over POW disclosure, but it falls short
South Korea’s Foreign Minister Cho Hyun said on Oct 6 that Ukraine’s foreign minister had sent a message containing an apology over the disclosure of the repatriation of two North Korean soldiers, but that it fell short of the level Seoul e…
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…
Zelensky: US proposes trilateral Russia-Ukraine peace talks within October
Ukrainian President Volodymyr Zelensky said on 4 October that the United States has proposed holding a US-mediated trilateral peace meeting with Russia and Ukraine within this month. Zelensky said the US is in contact with both sides and is…
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…
North Korea rejects DMZ mine finding as “self-staged drama”, warns of response
North Korea’s Foreign Ministry rejected South Korea’s announcement that North Korean military mines caused a western-front DMZ explosion, calling it a “self-staged drama” concluded unilaterally. The statement was reported by KCNA, according…