South Korea

SK Hynix's Seoul shares see worst day; TSMC posts 36% hike in Q2 sales

The company's United States (US)-listed shares dropped 7.9 per cent to $154.7 in early trading after jumping more than 12 per cent in their Nasdaq debut on Friday

Ex-South Korean President Yoon jailed 2 years in political funding case

The Seoul Central District Court found Yoon guilty of illegally receiving free opinion polling services worth 270 mn won (US$180,100) from political broker Myung Tae-kyun during his 2021-2022 campaign

World-beating stocks in South Korea are now trading cheaper than ever

While the index has outperformed global peers, it remains at a deep discount to other chip-heavy gauges. The Kospi's price-to-earnings ratio is one-third the current multiple for Taiwan's Taiex

South Korean chipmaker SK Hynix launches $28 billion Nasdaq listing

The deal comes as Asian chip companies tap strong global demand for AI-related stocks

Samsung, SK Hynix back South Korea's $576 billion AI-chip investment plan

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

Hynix, Samsung: Why is Chris Wood betting big on these South Korean companies?

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

Samsung to unveil $648 bn investment plan as AI boom reshapes South Korea

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

S Korean shares fall 8%, set for worst week since March on US tech selloff

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

Jaishankar calls for reformed multilateralism amid global fragmentation

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

Kospi steadies after selloff as emerging-market currencies slip on dollar

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

AI riches fuel economic divide in chip powerhouse countries of Asia

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

Jaishankar, South Korean FM discuss deepening strategic ties in Seoul

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 biggest stock market crash in years: What went wrong?

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

South Korea's KOSPI crashes 10% after record rally; key reasons

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.

South Korean stocks tumble 10% from record, triggering trading halt

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

Permanent Residency in 3 years? South Korea expands Top-Tier visa programme

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.

SK Hynix overtakes Samsung to become South Korea's most valuable company

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

South Korea's world-beating stock market eyes long-awaited MSCI moment

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

Ousted South Korean President Yoon gets 30 yrs jail term in drone case

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 ...

EM stocks post biggest rise in two months as investors buy AI dip

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