🇰🇷 South Korea · Finance & markets, Society
118 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…
Actress Jun Won-ju says she gifted half her assets to prevent inheritance dispute
Actress Jun Won-ju, 87, said she has already gifted half of her assets to her children to prevent a dispute over her estate after her death, according to three Korean outlets. Seoul Shinmun reported she said giving everything away in advanc…
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…
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…
Busan’s ‘Bukkangi’ shark confirmed as endangered heuksangeo, a 3-meter female
The National Institute of Fisheries Science said on Oct. 6 that the shark nicknamed Bukkangi, which has stayed in an artificial channel at Busan North Port’s waterfront park since Sept. 18, is a heuksangeo, a species classified as Endangere…
South Korea's two-person households to top 30% next year for first time
South Korea's two-person households are projected to make up 30.2% of all households next year, passing 30% for the first time since the estimates began in 2000 and exceeding the combined share of three- and four-person households. One-pers…
Three Korean business dailies publish daily fortune columns dated Oct 5
Maeil Business, Chosun Ilbo and Korea Economic Daily each published a daily fortune column dated October 5, 2026, the 25th day of the eighth lunar month. Chosun Ilbo's feature, carried since 2017 and written by Han So-pyeong of Geumo Sanban…
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…
Gwangju shop pulls menu name seen as disparaging May 18 uprising
A bar-restaurant in Dongmyeong-dong, Dong-gu, Gwangju, sold a tteokgalbi dish topped with ketchup under the name “피떡갈비”, a term used in some online far-right communities to mock or belittle the May 18 Democratic Uprising. After a social med…
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…
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…
Busan opens first ‘Maeum Jeomppang’ hub for isolated residents
Busan city opened the first “Maeum Jeomppang”, a community support space, at Banyeo Jonghap Social Welfare Center in Haeundae-gu’s Banyeo 2-dong on Oct 6, with a ceremony at 4 p.m. Visitors can have a simple meal such as ramen, check their …
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…
Anseong expands youth safe-return taxi pilot citywide, adds grade 2 students
Anseong, in Gyeonggi Province, expanded its youth safe-return taxi programme from Oct 6 to cover the whole city and to include high school second- and third-year students, after starting the pilot on Oct 1. Students pay the 1,500-won city b…