South Korea

Samsung and SK Hynix will invest $517.87 billion with suppliers to build two new chip fabrication sites

While hyperscaler cloud providers face margin pressures, Wood views memory producers as the most leveraged way to play the relentless AI investment cycle.

The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office

The benchmark KOSPI was down 730.49 points, or 8.18 per cent, at 8,199.81, as of 0318 GMT

EAM Jaishankar said the world cannot rely on a few countries to uphold global rules, calling for resilient supply chains, stronger cooperation and greater representation for the Global South

Emerging-market assets weakened as a stronger US dollar dampened risk appetite, while South Korean stocks rebounded after a sharp tech-driven selloff

AI-driven chip demand is powering South Korea and Taiwan's economies, but the windfall is deepening inequality and exposing a widening K-shaped divide

External Affairs Minister S Jaishankar on Wednesday held talks with his South Korean counterpart Cho Hyun, focusing on bilateral cooperation and the rapidly changing global situation, the leaders said. Jaishankar is currently in South Korea on a two-day visit - the second leg of an ongoing foreign tour - after having visited Mongolia. "It is a great pleasure to be back in Seoul and to meet you and your team today for our discussions," Jaishankar said in his opening remarks, noting that the meeting was timely, given the state of the world and the importance of the bilateral relationship. The talks focused on follow-up measures in the key areas of trade, investment and finance, agreed during South Korean President Lee Jae-myung's state visit to India in April. Jaishankar emphasised that as foreign ministers, it was their responsibility to take the relationship forward and build a more forward-looking, contemporary partnership. "The potential of our relationship remains to be realise

South Korea’s stock market suffered a sharp sell-off as the KOSPI plunged 10%, triggering a trading halt. AI-driven giants Samsung and SK Hynix, which had powered a spectacular rally, led the decline

VK Vijayakumar has attributed the fall to a combination of factors, including sharp profit-taking, stretched valuations in AI and semiconductor-linked stocks, and elevated leverage in the system.

The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange

The Republic of Korea expanded its Top-Tier Visa to include academic researchers and professors, as part of efforts to attract global science and technology talent.

Shares of SK Hynix, now the world's most valuable memory chipmaker, traded up 5.7% to bring the company's market capitalisation to 2,082.5 trillion won

The Kospi has become the world's best-performing major equity benchmark this year, surging more than 90% as investors piled into artificial-intelligence winners

South Korea's ousted President Yoon Suk Yeol and his former defense minister were sentenced to 30 years in prison Friday in a case alleging Yoon ordered drone flights over Pyongyang in 2024 to heighten tensions with North Korea and justify declaring martial law at home. The full version of the Seoul Central District Court's ruling was not immediately available. The same court earlier sentenced Yoon to life in prison for a rebellion conviction over his short-lived imposition of martial law in December 2024. North Korea accused Seoul of flying drones over Pyongyang to drop propaganda leaflets three times in October 2024. South Korea's defense minister at the time, Kim Yong Hyun, issued a vague denial before the Defense Ministry said it could neither confirm nor deny the allegations. Tensions rose sharply but did not lead to any military clashes. Yoon's lawyers criticised the latest ruling, saying the drone flights were a response to North Korea flying thousands of trash-carrying ...

South Korea's Kospi erased Monday's 8.3 per cent drop, continuing the wild swings that have pushed its 10-day rolling volatility to an annualised 81 per cent

South Korea has overtaken India to become the world’s sixth-largest stock market. Its market capitalisation has surged 86% this year to $5 trillion

Hedge fund Golden Horse Fund Management has trimmed exposure and added derivative protection, while M&G Investments has cut memory and foundry holdings to broaden out down the AI supply chain

Foreign selling paints different pictures in India and South Korea, mutual funds warm to Adani stocks, and investor conferences create an unexpected travel bottleneck

Seoul broadens talent visa access and allows firms to hire more skilled foreign workers