Korea Economic Daily

Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com

Ko Jeong-sam, Hankyung.com reporter jsk@hankyung.com

South Korea’s Kospi fell nearly 2% in early trading on May 19, slipping below the 7,400 mark as foreign and institutional investors sold after overnight weakness in US technology stocks. As of 9:07 a.m., the Kospi was down 144.19 points, or 1.92%, at

Kospi opened 1.2% lower, slipping below the 7,400 level. Ko Jeong-sam, Hankyung.com reporter, jsk@hankyung.com

US stocks ended mixed. On May 18, the Dow Jones Industrial Average rose 159.95 points, or 0.32%, to 49,686.12 on the New York Stock Exchange. The S&P 500 fell 5.45 points, or 0.07%, to 7,403.05, while the tech-heavy Nasdaq Composite dropped 134.41 po

Nvidia, Micron Pace Broad Semiconductor Selloff U.S. stocks were mixed on May 18 as investors tracked swings in Treasury yields and oil prices after developments involving the U.S. and Iran. The S&P 500, coming off its worst drop since March, opened

Iran has sent a new 14-point ceasefire proposal to the US through mediator Pakistan, Iran’s semi-official Tasnim News Agency reported on May 18. Tasnim said Iran revised its earlier proposal in line with months of message exchanges and submitted the

Foreign investors sold about $36 billion of Samsung Electronics, but the value of their holdings jumped by about $218 billion Brokerages say the selling was likely mechanical rebalancing after a sharp rally Rising bond yields are seen as the bigger t

[Breaking] Kakao management and its labor union agreed to extend mediation, averting what would have been the first strike at the company’s headquarters. Ko Jeong-sam, Hankyung.com reporter, jsk@hankyung.com

South Korean shipbuilders have secured more than $20 billion of orders so far this year, as they sharpen their focus on higher-value vessels such as liquefied natural gas carriers to counter China’s low-price competition. Big Three Alone Booked $19.9

Chinese memory-chip maker ChangXin Memory Technologies, or CXMT, posted first-quarter revenue growth of more than 700% as the artificial-intelligence boom boosted demand. CXMT Rides AI Boom as First-Quarter Revenue Surges 719% Net Profit Tops $4.6 Bi

South Korean biotech stocks fell sharply on May 18 as rising interest rates and a rush of market money into artificial intelligence plays such as semiconductors weighed on the sector. The group has retreated nearly 14% this year. Analysts say a strin

Samsung Electronics Co. and its labor union faced off on May 18 in a second round of post-dispute mediation at South Korea’s National Labor Relations Commission, with the two sides wrangling over bonus payment criteria. The talks ran from 10 a.m. to

10-year yield also tops 2.7% Early rate hike bets gain traction Disappointment over the Trump-Xi meeting, which produced no tangible outcome on the Iran war, shifted investor focus to rising oil prices and inflation, fueling a global bond selloff. On

The war involving the US, Israel and Iran has saddled companies worldwide with at least $25 billion in costs, according to an analysis. Reuters reported on May 18 that at least 279 listed companies in the US, Europe and Asia had taken steps to cushio

Ultrapure water produced with South Korean technology will be supplied to a semiconductor manufacturing process for the first time, marking a localization breakthrough in a field long dominated by foreign companies. The move lays the groundwork for g

Arm Holdings Plc, the British chip designer, is facing an antitrust investigation by the US Federal Trade Commission, Bloomberg reported. Bloomberg reported on May 16, citing people familiar with the matter, that the FTC is examining whether Arm soug

South Korea’s Kospi reclaimed the 7,500 level on May 18, rebounding sharply after an early plunge triggered a temporary halt on program sell orders known as a sell sidecar. Easing concern over a strike at Samsung Electronics helped fuel the recovery.

Exports Fail to Revive China’s Domestic Economy April Activity Indicators Cool Sharply Across the Board Middle East Energy Shock Adds Pressure on Consumption Warning signs are flashing again for China’s economy just as a recovery appeared to be takin

A second round of post-mediation talks at South Korea’s National Labor Relations Commission over wage negotiations between Samsung Electronics Co. and its union will continue through May 19. With the union set to stage a general strike on May 21, the

Safety facilities, wafer-protection work and facility occupation all restricted A court in Suwon on May 18 granted Samsung Electronics Co.’s request for a preliminary injunction against what it called illegal strike actions by the Samsung Electronics

Six business groups urge Samsung union to withdraw strike Losses feared despite a "historic opportunity" in semiconductors Smaller suppliers and workers also at risk "A strike at the top company by market value would pull down the entire Kospi" South

Jeffrey Gundlach, chief executive officer of DoubleLine Capital and known on Wall Street as the “Bond King,” said he sees little chance that the Federal Reserve will cut interest rates. Speaking on Fox News’ “Sunday Morning Futures” on May 17, Gundla

Concern that China could invade Taiwan has surfaced among advisers around President Donald Trump after the US-China summit, Axios reported. The online news outlet said on May 17 that some people close to Trump believe the likelihood of a Chinese inva

South Korea’s Kospi opened lower on May 18 as foreign investors sold shares, with losses deepening in early trading. As of 9:05 a.m., the Kospi had fallen 184.77 points, or 2.47%, to 7,308.41. Foreign investors were net sellers of 559.8 billion won o

A sell sidecar was triggered on the Kospi amid a sharp market drop. Han Kyung-woo, Hankyung.com reporter, case@hankyung.com

A semiconductor-driven rally in South Korean equities has likely pushed the Kospi’s market capitalization above the value of homes in the greater Seoul area. Data from the KRX Data Marketplace showed the Kospi’s market capitalization at about 6,135 t

Stablecoins and DEX trades could also fall under the rules Debate grows over what qualifies as “unjust gains” Distinction between crypto transfers and payments emerges as key issue Final regulatory burden will hinge on a presidential decree Cross-bor

Nomura sets 4 million won target for SK Hynix Price targets raised sharply after May 15 selloff Nomura says P/E, not P/B, should be the benchmark Nomura Securities has raised its price targets for Samsung Electronics Co. and SK Hynix Inc. to 590,000