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South Korea’s industry minister said the first priority in using corporate profits should be “productive reinvestment,” as debate intensifies over how to deploy windfall gains from the semiconductor boom. The remarks underscore support for reinvestme
Institutions Post Net Sales of 300.6 Billion Won in a Day South Korea’s Kosdaq index fell on May 29 as institutions sold semiconductor materials, parts and equipment companies. The selling was driven by heavy outflows from existing semiconductor exch
US, Iran Near 60-Day Ceasefire Tehran Real Estate Projects Could Follow Bessent Says US Won’t Accept a Bad Deal The Trump administration is pursuing a large investment fund for Iran as negotiations to end the war move into their final stage. The New
Bull Market in a High-Rate Era: Golden Bell or Warning Bell? Markets Enter an Age of ‘Mega Forces’ in the AI Shift Old Rule That Higher Rates Sink Assets Is Breaking Down Companies Pour Money Into AI and Other Big Bets to Survive That Spending Is Eme
Samsung shares jump 6% as chip rally rolls on Market value doubles in four months after topping 1,000 trillion won Average target price rises from 290,000 won to 390,417 won in a month SK Hynix grows to more than 80% of Samsung’s size “Chip duo could
Foreign investors were net sellers of South Korean stocks for a fourth consecutive month, according to data compiled by the Financial Supervisory Service. Foreign investors sold a net 4.046 trillion won ($2.93 billion) worth of shares on the Kospi an
38 unions to join forces, with a first meeting set for June 4 Parent-subsidiary labor solidarity spreads after the Yellow Envelope Act took effect Union risk is rising across manufacturing, industry says Labor unions at Hyundai Motor Group affiliates
"War-ending MOU talks completed, awaiting only Trump's approval" LG Electronics, LG CNS hit daily limit on hopes for a second meeting with Jensen Huang South Korea's Kospi closed at another record high on May 29 as hopes grew for a US-Iran agreement
Dell Technologies shares jumped 39.09% in after-hours trading on May 28 to $441 after the US IT hardware company reported stronger results for the first quarter of fiscal 2027, covering February through April. Revenue for the February-April quarter r
Kim Young-hoon, South Korea's labor minister, said on May 29 that his proposal to share excess profits at large companies is not about "cutting open the goose," but a shared-growth plan aimed at easing polarization and strengthening corporate competi
Elon Musk’s space company SpaceX has lowered its target valuation for its initial public offering to at least $1.8 trillion from a previously discussed $2 trillion, according to a report. The valuation could still be raised later depending on investo
Samsung Electro-Mechanics climbed to the brink of 2 million won during early trading on May 29. As of 9:24 a.m., the shares were trading at 1.98 million won, up 7.08% from the previous session. The stock has risen for seven straight trading days sinc
Shares of LG, Naver and Hyundai AutoEver rallied after reports that Nvidia Chief Executive Officer Jensen Huang may visit South Korea on June 5 to meet SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Euisun Chung, LG Group Chairma
The Kospi rose above 8,400 early on May 29 as hopes for an end to the conflict between the US and Iran boosted sentiment. As of 9:07 a.m., the benchmark index was up 2.65% from the previous session at 8,402.26. Overnight, all three major US stock ind
South Korea’s output, consumption and investment all fell in April, marking the first simultaneous decline in the three indicators in eight months, since August last year. Statistics Korea said on May 29 that the seasonally adjusted all-industry prod
Anthropic has raised fresh funding at a $96.5 billion valuation, surpassing OpenAI’s $85.2 billion and becoming the world’s most valuable artificial intelligence startup. Yahoo Finance reported on May 28 that Anthropic had completed a new $6.5 billio
All three major U.S. stock indexes closed at record highs on May 28 after a report said the United States and Iran had effectively wrapped up negotiations on a memorandum of understanding to end the war, leaving only President Donald Trump’s approval
Treasury Secretary Scott Bessent said on May 28 the US has set non-negotiable demands in talks with Iran over ending the war, including the handover of highly enriched uranium, abandoning nuclear weapons and guaranteeing freedom of navigation through
Foreign investors were net sellers of 4.046 trillion won ($2.93 billion) worth of South Korean listed stocks in April. The selling streak stretched to a fourth straight month, but the scale fell sharply from net selling of more than 43 trillion won a
Iran's military fired a missile late on May 28 at an unidentified target, Fars News Agency reported. Fars said Iranian military authorities launched the missile from the country's south. Some sources raised the possibility of an armed clash at sea in
It is rare for a Bank of Korea governor to offer guidance this explicit. At his first Monetary Policy Board meeting as governor on May 28, Shin Hyun-song delivered a concise but unmistakable message to markets. The Bank of Korea held its benchmark ra
South Korea's Ministry of Employment and Labor said it will postpone a forum scheduled for June 1 on sharing excess profits at large companies. The ministry said on May 28 that it is readjusting the timing and other details to gather a wider range of
Q1 Growth Revised Down to 1.6% From 2% Surging energy prices tied to the prolonged war between the US and Iran are adding to inflation pressure in the United States. That could make it harder for the Federal Reserve to start cutting interest rates an
South Korea’s National Pension Service raised its target allocation to domestic equities to 20.8% from 14.9%, reflecting a sharp increase in the value of local stock holdings during this year’s rally in semiconductor shares. It also temporarily widen
Huang to visit South Korea next week, nine months after last trip Talks to center on pairing LG robots with Nvidia chips Meetings with Hyundai’s Chung and other business leaders also in view LG Group Chairman Koo Kwang-mo will meet Nvidia Chief Execu
Market-cap gap narrows from 54% to the 6% range in a year SK Hynix jumps 977% while Samsung gains 429% A move into the 5% range could open the door to a change at the top The market-capitalization gap between SK Hynix Inc. and Samsung Electronics Co.
Shin Says Path for Policy Is Clear, Formalizes Second-Half Rate Hikes Bank of Korea Delivers Hawkish Hold Raises 2026 Growth Forecast to 2.6% Markets See at Least Two Rate Hikes This Year “The path ahead is clear whether you look at inflation, growth
President Donald Trump said the U.S. would not ease economic sanctions on Iran even if Tehran gives up its stockpile of highly enriched uranium. In a phone interview with PBS on May 27, Trump was asked whether the current talks involve trading sancti
After reports of a U.S.-Iran military clash BOK’s hawkish hold added pressure Kospi plunged more than 4% intraday Late bargain buying emerged Chip stocks led the recovery South Korea’s Kospi swung wildly on May 28, tumbling more than 4% at one point
Iran says attack was retaliation for US strike on Bandar Abbas Guard warns of more decisive response if attacks are repeated Iran’s Islamic Revolutionary Guard Corps said on May 28 that it had attacked a US air base in response to American airstrikes