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The Latest Breaking News from South Korea

Japan's Nikkei rallies on bargain-hunting, Kospi recovery

Japan's Nikkei share average rallied on Tuesday, reversing an earlier slide. Bargain-buying and a recovery in South Korea's Kospi supported the market's upward movement. Higher oil prices and central bank policy remained key concerns for investors globally. Mitsubishi UFJ Financial Group reached an all-time high, boosting the banking sector. Shiseido…

The Economic Times

Global Market: AI boom turns turbulent as South Korea stocks slide into bear market

South Korea's KOSPI has entered bear market territory after falling about 25% from its late-June record high, following a spectacular AI-driven rally. Reuters said the correction highlights risks from the market's heavy reliance on semiconductor stocks and leveraged retail trading.

The Economic Times

Global Market: South Korea targets AI-led growth, raises 2026 GDP forecast to five-year high; chip stocks in focus

South Korea has raised its 2026 GDP growth forecast to 3%, the fastest pace in five years, backed by an AI and semiconductor-led investment push. The government's plans to boost chip manufacturing, AI infrastructure and exports are expected to support technology stocks despite inflation and bond yield concerns.

The Economic Times

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South Korea's Kospi crashes 5% again, plunges 31% in one month. Is the AI frenzy over?

South Korea's Kospi plunged 5% on Tuesday, extending its two-day decline to nearly 14% and taking the index into bear market territory. The benchmark has fallen over 31% from its June peak after a tech-led rally, though it remains up more than 50% for 2026 overall.

The Economic Times

Global Market Update | SK Hynix set to gain as South Korea eases capital-raising rules

South Korea's ruling party seeks to ease rules for SK Hynix joint ventures. This move aims to attract outside capital for new chip factories. The proposed law change allows subsidiaries to form ventures with investors. SK Hynix needs significant funds for its aggressive chip expansion plans. New ventures must also…

The Economic Times

Stocks Down, US-Iran War Action Up: Stock Market Today

A big week for incoming earnings, inflation and interest rate data and commentary begins with another sell-off in South Korea and a refreshed energy shock.

Kiplinger

Why Jim Cramer Is Bullish on SK Hynix Stock Now

Jim Cramer is bullish on SK Hynix after its ADR listing.

Barchart

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SK Hynix plunges after Nasdaq debut as memory chip euphoria cools

Seoul's stock market faced a dramatic nine percent drop, prompting a temporary halt in trading activities. SK Hynix shares plummeted by over fifteen percent, marking their most significant daily decline. This downturn reflects wider losses across South Korea, particularly affecting competing chip manufacturers. Investors are now retracting earlier gains amid…

The Economic Times

South Korean sailor found dead near border after North Korea ignored search request

The body of a missing South Korean sailor has been recovered off the east coast, a day after he disappeared during patrol near the de facto maritime border with North Korea, the navy said on Monday.

The Times of India

'Customer demand will remain higher than our supply capacity even beyond 2030': SK hynix CEO predicts memory supply crisis may run even longer than we feared

What a difference a weekend makes.

PC Gamer

Stocks Set to Open Lower as SK Hynix Sparks Chip Selloff, U.S. Inflation Data and Big Bank Earnings Awaited

September S&P 500 E-Mini futures (ESU26) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.94% this morning, pointing to a lower open on Wall Street as chipmakers came under renewed selling pressure following a selloff in their South Korean peers.

Barchart

South Korea court sentences ex-president Yoon to two years in illegal polling case

A South Korean court sentenced former President Yoon Suk Yeol to two years in jail Monday after he was found guilty of receiving illegal polling services, local media reported. Yoon is involved in eight legal cases and is currently appealing a life sentence linked to his attempt at leading an…

France 24

South Korea launches digital nomad visa with easier rules, longer stay

South Korea has launched its F-1-D digital nomad visa, effective June 30, allowing remote workers to reside in the country for up to three years. Income requirements have been reduced for certain applicants based on age and location. Spouses and dependent children are permitted to accompany the primary visa holder.…

The Economic Times

Global Market: Japan's Nikkei closes lower as oil price jump dims corporate outlook

Japan's Nikkei share average closed lower as oil prices rose due to renewed Middle East conflict. Investors weighed the corporate outlook amid increasing costs and the start of earnings season. Chip-related stocks dragged the Nikkei lower, influenced by South Korea's benchmark index. Memory maker Kioxia tanked significantly after a high-profile…

The Economic Times

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The Economic Times

South Korea's AI tax windfall a 'golden window' for investment: Lee

South Korea will use a tax revenue windfall from artificial intelligence chipmakers as a strategic source of investment, President Lee Jae Myung said Monday, describing a "golden window" of opportunity. "These revenues are a valuable national resource that should be invested during the golden window when the global race for…

The Economic Times

South Korea flags record 2027 budget of over $530 billion as AI chip boom lifts revenues

South Korea plans record budget spending exceeding 800 trillion won for fiscal 2027. This significant spending will be supported by stronger tax revenues from the AI chip industry. The government will prioritize investments in chips, AI data centers, and physical AI technologies. Existing spending programs will undergo major restructuring to…

The Guardian - UK

Oil price jumps 3% and UK pump prices rise as the US and Iran trade attacks – as it happened

Brent crude remains below $80 a barrel; European shares push cautiously higher while Asian shares tumble with South Korea’s Kospi down nearly 10%

The Economic Times

Global Market: SK Hynix warns of historic memory chip shortage by 2027 as AI demand soars

SK Hynix anticipates a severe global memory chip shortage extending beyond 2030. Accelerating artificial intelligence infrastructure demand fuels this projected supply constraint. The company is exploring new fabrication facilities in regions like the United States. South Korea plans significant domestic memory chip production expansion over five years. Record profits highlight…

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Bangkok Post

South Korean singles look for their dream match at Buddhist temple retreat

YANGYANG, ⁠South Korea - In a picturesque Buddhist temple, young South Korean men and women walk hand-in-hand, one wearing a blindfold and the other describing the path ahead as they walk ‌towards a gate where legend tells them dreams come true.

The Economic Times

EM equities see $46 billion exodus in June as South Korea, Taiwan tech selloff rattles investors

Emerging markets saw substantial equity outflows totalling $46.1 billion in June. South Korea and Taiwan experienced the largest investor withdrawals from their stock markets. However, emerging market debt attracted foreign inflows, showing investor preference for fixed income.

The Economic Times

Korea's Kospi hits 8% lower circuit, trading halted. What's rattling investors today?

South Korea's benchmark Kospi index plunged 8% to lower circuit on Monday as rising tensions in the Gulf and soaring oil prices rattled global markets. The selloff, led by sharp declines in AI-heavyweights SK Hynix and Samsung Electronics, pushed the index deeper into bear market territory, although it remains the…

The Economic Times

SK Hynix is a golden goose. It has to lay more eggs

Investor enthusiasm stems from the fact that SK Hynix has morphed into a golden goose. It’s the world’s second-largest supplier of dynamic random-access memory chips, or DRAM, and the biggest when it comes to the high-bandwidth ones that are paired with Nvidia Corp.’s graphics processing units.

The Economic Times

Global Market Today: Asian shares slip as oil jumps on Gulf attacks

Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and investor sentiment. Investors increased expectations for a Federal Reserve interest rate hike soon. Major banks and tech companies are set to release their quarterly earnings reports. South…

Bangkok Post

Hyundai to export Thai BEVs to Australia

Hyundai Mobility Thailand, a subsidiary of South Korea's Hyundai Motor Group, has announced plans to export battery electric vehicles (BEVs) produced at its Thai manufacturing plant to Australia starting in the final quarter of 2026.

FourFourTwo

‘I was offered all sorts in South Korea, but I couldn’t accept the villa on a volcanic island’ Guus Hiddink on being revered in South Korea

The Dutchman oversaw South Korea's run to the World Cup semi-finals in 2002

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