🇰🇷 South Korea · Finance & markets, Health
92 storiesNew 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…
Court suspends Korea Exchange delisting decisions over market-cap rules
A Seoul court on Oct 2 granted injunctions suspending the Korea Exchange's delisting decisions against KOSPI-listed Joo Yeon Tech and KOSDAQ-listed KM Pharma. The court questioned the rule requiring a company to stay above the market-cap th…
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…
WHO keeps low-risk view on Russian plague lab death; Russia denies accident
The World Health Organization said the public health risk to the general public appears low after a researcher at a plague research institute in Russia's Irkutsk region died following what reports described as a broken test tube of plague p…
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…
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…
Seoul appoints Yonsei professor Kim Hyun-chul as city health director
Seoul said on Oct 6 that it appointed Kim Hyun-chul, a professor at Yonsei University College of Medicine, as its Seoul Health Director, a non-full-time civilian advisory post with a two-year term. Kim is a physician and economist with a do…
Incheon psychiatric hospital referred over four patient deaths; police search it
South Korea’s National Human Rights Commission said on Oct 6 it referred the director of Won Hospital, a psychiatric hospital in Incheon’s Michuhol district, to the Serious Crimes Investigation Agency on charges including professional negli…
Russian anti-plague lab researcher dies; US and EU say they are monitoring
A 28-year-old female researcher at the Irkutsk anti-plague research institute in Shelekhov, Russia, died after being diagnosed with pneumonia of unknown cause, the state agency Rospotrebnadzor said. About 200 people who may have had contact…
Police investigate after 27-month-old girl's cardiac arrest under anesthesia in Ulsan
A 27-month-old girl suffered cardiac arrest during general anesthesia at an ophthalmology hospital in Ulsan's Jung-gu district on Oct 2 and had not regained consciousness as of Oct 6, according to Yonhap and other outlets. Police booked hos…
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…
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…
Broadcaster Park Ji-yoon says adenomyosis hormone therapy caused weight gain
Broadcaster and former announcer Park Ji-yoon said in a social media video on October 4 that she had suffered from adenomyosis and that hormone treatment she began this spring caused her to gain weight. According to the Dong-A Ilbo, she sai…
Kremlin: investigation under way after Irkutsk plague lab leak killed researcher
A female researcher at a plague control research institute in Irkutsk, Siberia, broke a test tube containing plague pathogen on Sept. 25, was hospitalised with severe pneumonia symptoms on Sept. 29 and died overnight on Oct. 1–2. Kremlin sp…
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…
South Korea drug regulator flags 949 illegal online listings for GLP-1 obesity drugs
South Korea's Ministry of Food and Drug Safety said it caught 949 posts violating the Pharmaceutical Affairs Act while checking illegal online sales, brokering and advertising of GLP-1 obesity treatments, and asked the Korea Communications …
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…