🇰🇷 South Korea · Finance & markets, Policy & regulation
146 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…
South Korea culture ministry issues director-level personnel notice
South Korea's Ministry of Culture, Sports and Tourism released a personnel appointment notice on 5 October 2026, carried by Newsis, Yonhap, Seoul Economic Daily, Asia Economy, Kyunghyang Shinmun and Hankook Ilbo. Yonhap's summary described …
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…
South Korea's Lee orders CPTPP talks restarted from the beginning amid farm concerns
President Lee Jae-myung instructed at a cabinet meeting on Oct 6 that the government should not fix a conclusion on joining the CPTPP and should “restart dialogue from the beginning,” saying the pact's strategic value is cited alongside ver…
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…
South Korea to guarantee one-third of jeonse deposits for fraud victims from Nov. 13
South Korea's cabinet approved an enforcement decree amendment to the special act on jeonse fraud victims on Oct. 6, the Ministry of Land, Infrastructure and Transport said, with the measure taking effect on Nov. 13. Victims whose total rec…
Chungnam and Korea Forest Service sign pine wilt control MOU, plan nationwide expansion
Chungcheongnam-do Province and the Korea Forest Service signed an MOU in Taean County on Oct. 5 on “industrialized pest control” for pine wilt disease, under which damaged trees are removed using private logging capacity and usable trees go…
Korea police reform panel recommends hiring 100+ lawyers a year as investigators
A South Korean police investigation reform committee announced 12 recommendations on October 6, 2026, including hiring more than 100 lawyer-qualified police officers each year for five years and recording investigation directives as electro…
South Korea's CIO opposes moving presidential investigations to new agency
South Korea's Corruption Investigation Office for High-ranking Officials said it opposes moves in the ruling camp to transfer authority to investigate the president, prime minister, ministers and lawmakers to a proposed Serious Crime Invest…
Defense ministry to pursue cut, abolition of alternative service for arts, sports
South Korea’s Defense Ministry said on Oct 6 that it plans to ultimately pursue a reduction and abolition of supplementary military service, including arts and sports personnel, and to reflect it in the defense reform basic plan. Spokespers…
Asian Games gold row widens as parties in South Korea seek exemption review
South Korea beat Japan 1-0 on October 3 to win a fourth consecutive Asian Games men's football gold, a result that exempts most of the squad from military service. A locker-room photo of Park Seung-su in a discharge hat, captain Lee Ki-hyuk…
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…
Seoul courts split on special prosecutor dispatch after prosecution overhaul
South Korean courts reached different conclusions on whether prosecutors dispatched to special prosecutor teams may take part in hearings, after the Prosecutors' Office was abolished and the Public Prosecution Office launched on Oct 2. Seou…
Petition seeks to end military service exemptions for Korean athletes, artists
A petition calling for the abolition of military service exemptions for entertainers and athletes was posted on the National Assembly's public petition site on October 5, after remarks and social media posts by some of South Korea's Asian G…
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…
Seoul hospital living-cost support payments rise 20% in first eight months
Seoul city government said payments under its “Seoul-type hospital living expenses” programme reached 4,375 cases in January–August 2026, up 19.7% from a year earlier, with the amount paid rising 27.7% to 3.23 billion won. Applications rose…