🇰🇷 South Korea · Finance & markets, Politics
190 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…
Trump says “let ’em take out Los Angeles, San Diego” in Iran war remarks
US President Donald Trump said at a Nebraska rally that Iran could destroy a US city and that “they” should be allowed to “take out Los Angeles” and “take out San Diego,” calling higher wartime prices a “small price” to pay. California’s go…
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…
Korea agriculture ministry faces audit over farmland survey, Nonghyup reform, CPTPP
The National Assembly's agriculture committee held its audit of the Ministry of Agriculture, Food and Rural Affairs on Oct. 7, with the follow-up to a full survey of farmland, Nonghyup reform and CPTPP accession expected to dominate. The mi…
Seoul apartment prices up 86 straight weeks as parliament audits land ministry
South Korea's National Assembly began its audit of the Ministry of Land, Infrastructure and Transport on 7 October, with the government's housing supply plans and rental market instability as the main issues. Seoul apartment sale prices hav…
Chief Justice says Blue House re-recommendation request lacks constitutional basis
Supreme Court Chief Justice Cho Hee-dae said the presidential office's official document asking him to re-recommend a Supreme Court justice candidate did not clearly state concrete reasons or a constitutional basis, and that he judged follo…
Chief justice calls “second Yoon Suk-yeol” question insulting at court audit
Chief Justice Cho Hee-dae appeared at the National Assembly’s Supreme Court audit on Oct. 6 but refused to take the witness oath or testify on the dispute over the re-recommendation of a Supreme Court justice. Asked by Justice Party lawmake…
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…
Park Jin-young says he did not know of 2 mln won monthly committee payment
Park Jin-young, co-chair of the presidential Public Culture Exchange Committee and executive producer at JYP Entertainment, said he did not know he was receiving about 2 million won a month in duty expenses for the post, which had been desc…
S. Korea foreign minister, lawmaker clash at audit over Ukraine and North Korea
Foreign Minister Cho Hyun and independent lawmaker Han Dong-hoon clashed at the National Assembly’s Foreign Affairs and Unification Committee audit in Seoul on October 6 over the government’s handling of Ukraine and North Korea. Han asked w…
S. Korea Chief Justice says Assembly interference in justice picks unconstitutional
Supreme Court Chief Justice Cho Hee-dae told a National Assembly audit on Oct 6 that the President and the National Assembly cannot be involved at all in the Chief Justice’s recommendation of Supreme Court justices, and that the Legislation…
DP leader Kim Min-seok warns hardliners on prosecution reform; lawmaker pushes back
Democratic Party leader Kim Min-seok said on Oct 6 that excessive demands over prosecution reform could undermine the reform camp and the president's leadership, and that the party should now restrain them. He said the demands of strong ref…
South Korea's Lee tells new crime agency to investigate without favoritism
President Lee Jae-myung told South Korea's new Serious Crime Investigation Agency on Oct 6 to investigate the crimes of the powerful and wealthy without regard to faction or party. Speaking at a cabinet meeting at the Blue House, he said th…
Korea Asian Games team returns; KSOC chief apologises over exemption remarks
South Korea's Asian Games delegation returned home on Oct 5 after finishing third overall with 39 gold medals, and Korean Sport & Olympic Committee President Yoo Seung-min apologised to the public and to soldiers for some athletes' remarks …
Interior minister apologises as new serious crime agency launches without chief
Interior and Safety Minister Yoon Ho-jung told a National Assembly audit on Oct. 6 that he feels very sorry the new Serious Crime Investigation Agency began operating without a head and that the personnel hearing request for nominee Kim Ji-…
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…
Korea announces senior appointments across ministries and agencies
Hankook Ilbo and Kyunghyang Shinmun published lists of senior appointments at the economy and finance, foreign, education, industry, labour and climate ministries, the Fair Trade Commission, the Planning and Budget Ministry, the food and dr…
South Korea chief justice refuses oath at audit, denies martial law role
Supreme Court Chief Justice Cho Hee-dae attended the Supreme Court’s parliamentary audit at the National Assembly on Oct. 6, delivered a greeting and refused to take the witness oath, saying demands for testimony about his recommendation of…