Korea Economic Daily

Crypto-linked illegal foreign-exchange transactions uncovered by South Korea’s customs authorities topped 10 trillion won ($7.2 billion) over the past five years, driven by the spread of over-the-counter settlements using stablecoins such as Tether’s

Microsoft think tank report South Korea’s use of artificial intelligence is rising faster than in any other country, according to a Microsoft analysis. A report released on May 12 by Microsoft’s think tank, the AI Economy Institute, showed South Kore

Koscom said May 12 that it signed a memorandum of understanding with DAOL Investment & Securities to jointly advance a tokenized securities platform business. With the agreement, the number of securities firms participating in Koscom’s joint STO plat

License Revenue Drives Earnings New Game Releases to Pick Up in Second Half Wemade Posts First-Quarter Operating Profit of $6.1 Million, Extending Profit Streak to Three Quarters Wemade stayed profitable for a third straight quarter, supported by lic

20th National Sustainable ESG Conference Personal Information Protection Commission Chair Award / ESG Privacy Keizer, an integrated content copyright platform company led by Chief Executive Officer Kyeon Doo-heon, won the chair award from the Persona

Doubts grow over Iran’s willingness to negotiate, sources say Trump also frustrated with mediator Pakistan Major decision before May 13 China trip appears unlikely President Donald Trump is losing patience after repeated failures in talks to end the

South Korea’s Kospi closed sharply lower after briefly climbing to the brink of 8,000, with intraday losses topping 5% at one point as volatility surged. Analysts attributed the swings to the side effects of extreme investor concentration in large se

Russian President Vladimir Putin appeared at Russia’s Victory Day military parade with a noticeably puffy face, fueling fresh speculation about his health. The New York Post reported on May 11 that Putin’s swollen face and gaunt appearance drew atten

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

South Korea’s Kospi broke above 7,900 at the open on May 12 for the first time, as large semiconductor stocks and artificial intelligence plays extended their gains. As of 9:03 a.m., the Kospi was trading at 7,968.66, up 146.42 points, or 1.87%, from

Major US stock indexes closed at fresh records again on May 11, with a rally in semiconductor shares outweighing renewed tensions in the Middle East after President Donald Trump said he had rejected Iran's proposal. The Dow Jones Industrial Average r

President Donald Trump said he is considering restarting “Project Freedom,” drawing a sharp response from Iran, which said it is prepared for any scenario. Mohammad Bagher Ghalibaf, speaker of Iran’s parliament, wrote on X on May 11 that “our armed f

Brent crude futures above $103 a barrel Israel says conflict with Iran is not over Oil prices rose again on May 11 as Israel warned that its conflict with Iran was not over and President Donald Trump rejected Tehran’s proposal to end the war involvin

Brent crude futures at $103 a barrel Israel says conflict with Iran is not over Oil prices resumed their climb on May 11 as Israel warned its conflict with Iran was not over and President Donald Trump rejected Tehran’s proposal to end the war with th

Investors 50 and Younger All Decline Holdings and Investment Rise Among Those 70 and Older Crypto investment has cooled this year, but older South Koreans are moving in the opposite direction. While the number of investors in their 50s and younger de

Operating profit forecasts for South Korea’s KOSPI-listed companies have been revised sharply higher again, with the total now seen topping $612.7 billion this year and the KOSPI index itself projected to break 10,000. The upgrades are being driven b

Brokerage stocks are emerging as some of the biggest beneficiaries of South Korea’s stock-market boom. Average daily trading value on the country’s stock market topped 60 trillion won in May, setting up a run of record earnings for securities firms.

Using Its Woori Safe Settlement Infrastructure Offering Airlines a Digital Wallet Service Woori Bank has become the first major South Korean bank to enter the market for airline ticket payments made with virtual assets, or cryptocurrencies. Under the

US and Chinese leaders to meet in Beijing for talks on AI, Taiwan, Iran and trade At least six face-to-face events over two days could mark a turning point in ties Summit groundwork to be laid in Seoul with advance talks by senior officials Chinese P

South Korea’s Financial Supervisory Service said it will closely monitor maturity mismatches between funding and investments at securities firms as outstanding issued notes by comprehensive financial investment businesses climb rapidly, stoking inves

Strategists say stock prices still lag earnings South Korea’s Kospi has surged to the brink of 8,000 just three trading days after topping 7,000. Even so, research heads at major domestic brokerages say stock prices still have not caught up with earn

OpenAI says ChatGPT fully restored after outage File upload error fixed in about four hours OpenAI said an outage affecting its generative artificial intelligence service ChatGPT has been resolved. The company said on May 11 that all affected service

Kospi rose above the 7,800 level, setting another record high. Kim So-yeon, Hankyung.com reporter, sue123@hankyung.com

National Office of Investigation briefing “Criminal proceeds tracking team to expand virtual-asset training” “Bang Si-hyuk warrant rejection is not a police-prosecutor standoff” South Korean police said they will step up a crackdown on so-called “Tet

US Demands Return of All Highly Enriched Uranium Iran Offers to Dilute Some and Send the Rest to a Third Country Trump Calls Response "Totally Unacceptable," Says More Strikes Possible The US and Iran have rejected each other’s proposals aimed at end

Chip Stocks Surge as Samsung Electronics Tops 288,000 Won and SK Hynix Breaks Above 1.9 Million Won South Korea’s Kospi rose above 7,800 for the first time ever on May 11, extending its record-setting rally. A buy-side sidecar was triggered after a s

Shin Yong-hyun, Hankyung.com reporter yonghyun@hankyung.com

The Kospi rose more than 3.7% above the 7,800 level early in the session, opening at a record high. Noh Jung-dong, Hankyung.com reporter dong2@hankyung.com

Samsung Electronics Co. and SK Hynix Inc. surged in premarket trading on May 11 even as US-Iran negotiations to end the war appeared at risk of breaking down. As of 8:05 a.m., Samsung Electronics was up 6.52% and SK Hynix had gained 7.24% on Nextrade

Senior US and Chinese trade negotiators will meet in Seoul on May 13, ahead of President Donald Trump’s summit with Chinese President Xi Jinping on May 14-15. US Treasury Secretary Scott Bessent wrote in a social media post on May 10 that he would tr