🇰🇷 South Korea · Finance & markets, Policy & regulation, War & conflict
184 storiesArk's Cathie Wood Repeats $1.5 Million Bitcoin Forecast for 2030
Ark Invest CEO Cathie Wood has reiterated a forecast that bitcoin will reach $1.5 million by 2030, about 1665% above the roughly $85,000 level where the reports say it was trading. Wood points to institutional inflows, a more favourable US …
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…
President Lee vows to keep pledge to end “real estate speculation republic”
President Lee Jae-myung said on Oct. 5 in a post on X that his government will keep its promise to escape the “real estate speculation republic,” saying the country cannot be made to face a “lost 30 years” from real-estate bomb-passing even…
Houthis say they struck targets across Saudi Arabia; coalition claims Red Sea gains
Yemen's Houthi movement said it fired missiles and drones at airports, oil and military sites across Saudi Arabia, naming Riyadh's King Khalid International Airport and an Aramco refinery at Rabigh, and warned international airlines to stop…
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…
Wall Street banks start selling $60bn Anthropic AI-chip loan, FT reports
Bank of America, Citigroup and Morgan Stanley have begun selling part of a $60bn loan that funds Anthropic's leasing of Google tensor processing units, according to the Financial Times, as reported by Yonhap. The sale is described as the la…
Weak US jobs data lift October Fed rate-hold bets; bitcoin slips below $86,000
US employment data came in weaker than expected, strengthening expectations the Federal Reserve will hold interest rates at its October meeting, with Kukmin Ilbo putting the odds of a hold at 78 percent. Major cryptocurrencies that had rise…
S&P 500 closes above 7,800 for first time; Nasdaq also at record
New York's three main indices closed higher on Oct 6, with the S&P 500 ending above 7,800 for the first time at 7,818.93 and the Nasdaq Composite at a record 27,599.79. Korean outlets attributed the gains to third-quarter earnings expectati…
Turkey, Pakistan to send forces to Saudi Arabia as Houthi strikes widen
Turkey and Pakistan said they will provide agreed military forces and take steps to deploy them rapidly to Saudi Arabia, after an emergency meeting in Riyadh on Oct. 5, in the first activation of the Mecca Joint Defense Agreement signed on …
Panama-flagged tanker hit in Strait of Hormuz; Oman rescues 10, India says 12 hurt
A Panama-flagged tanker, the Onfis, was attacked in the Strait of Hormuz and a fire broke out aboard. Oman's defence ministry said its air force rescued 10 crew members about 9 nautical miles northeast of Lima in Musandam province and took …
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…
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 …
South Korea defense minister says North Korea bears all responsibility for DMZ mine blast
South Korea's Joint Chiefs of Staff concluded that North Korean mines laid south of the Military Demarcation Line caused a Sept. 21 mine explosion that injured South Korean soldiers at the western front DMZ, and it demanded a sincere apolog…
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…
JCS: North Korean mines caused DMZ blast; military clears minefield south of MDL
South Korea's Joint Chiefs of Staff said a Sept. 21 explosion in the western-front Demilitarized Zone that seriously injured a soldier was caused by a North Korean plastic anti-personnel mine laid south of the Military Demarcation Line. JCS…
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…
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…