🇰🇷 South Korea · Finance & markets, Science
63 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…
Nuri rocket erected on launch pad ahead of fifth flight on Oct 7
South Korea's Nuri rocket moved from its assembly building to the second launch pad at the Naro Space Center in Goheung on the morning of Oct 6 and was erected and fixed in place at 10:35, according to the Korea AeroSpace Administration and…
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…
Nuri set to launch 15 satellites on the 7th, its most in one flight
South Korea's Nuri launch vehicle is scheduled to fly for the fifth time on the 7th from the Naro Space Center in Goheung, South Jeolla Province, carrying 15 satellites — the most in a single Nuri launch. Five ultra-small cluster satellites…
LG affiliates to test five parts in space on Nuri rocket's fifth launch
LG Science Park said five parts from three LG affiliates will fly on a cubesat carried as a sub-payload on the Nuri rocket's fifth launch, scheduled for 7 October, in cooperation with lunar rover startup Unmanned Exploration Research Instit…
Nobel physics prize goes to Francis Halzen for Antarctic neutrino observatory
The Royal Swedish Academy of Sciences awarded the 2026 Nobel Prize in Physics to Francis Halzen, a Belgian-born professor at the University of Wisconsin–Madison, for building the IceCube Neutrino Observatory in Antarctica and discovering hi…
Nuri rocket erected on pad; Oct. 7 launch to carry 15 satellites, most yet
South Korea's Nuri rocket was moved to the launch pad at the Naro Space Center in Goheung on Oct. 6 and erected upright, with the space agency and the Korea Aerospace Research Institute saying the work was completed at 10:35 a.m. The launch…
Nobel Prize in Physics goes to Francis Halzen for neutrino observation
The 2026 Nobel Prize in Physics was awarded to Francis Halzen, 82, for decisive contributions to the IceCube Neutrino Observatory and the discovery of high-energy neutrinos of astrophysical origin, the Nobel Committee of the Royal Swedish A…
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…
Nobel physics prize goes to Francis Halzen for Antarctic neutrino work
The Swedish Royal Academy of Sciences' Nobel Committee announced on Oct 6, local time, that the 2026 Nobel Prize in Physics goes to Francis Halzen, an 82-year-old Belgian-born professor at the University of Wisconsin-Madison. Korean outlets…
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…
Francis Halzen wins 2026 Nobel Physics Prize for IceCube neutrino work
Francis Halzen, a professor at the University of Wisconsin-Madison, has won the 2026 Nobel Prize in Physics as the sole laureate. He was cited for his decisive contribution to the IceCube Neutrino Observatory and the discovery of high-energ…
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…
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…