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The Latest Breaking News from South Korea

South Korea's Kospi Led Global Stocks And Hit an All-Time High Just Weeks Ago. Then It Went Into Bear Territory

South Korea's benchmark Kospi stock market index has tumbled into bear-market territory just weeks after reaching a record high and taking the title of the best-performing market of the year.

International Business Times

Retail Preps for SK Hynix US Listing: 'Dumping All My MU for This'

Retail traders are lining up for SK Hynix’s U.S. debut on Friday, treating the Korean memory giant as the pure-play way to ride the DRAM and HBM supercycle — and, in many cases, as a straight swap-out of Micron Technology Inc. (NASDAQ:MU).

Benzinga

Near-ruin to riches: The story of chip giant SK hynix

South Korean chipmaker SK hynix faced significant financial challenges after its founding in 1949. SK Group's 2012 buyout and focus on HBM chips fueled its resurgence. Today, SK hynix is a trillion-dollar tech firm benefiting from the AI boom. Its US listing aims to achieve higher valuations compared to its…

The Economic Times

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South Korea's top court upholds 7-year sentence for ex-president Yoon

South Korea's Supreme Court on Thursday upheld a seven-year prison sentence handed down to former president Yoon Suk Yeol o charges of obstruction and other crimes tied to his botched 2024 martial law declaration. The disgraced former president has insisted his martial law declaration was motivated by the public interest.

France 24

South Korea’s top court upholds prison term for former president Yoon in martial law case

Ruling aligns with views of Constitutional Court, which, in removing Yoon Suk Yeol from office in 2025, found his martial law decree lacked legal basis and failed to follow required procedures

The Independent UK

XRP Just Crushed Bitcoin and Ethereum in Korea, Here's Why

XRP just reclaimed the throne on Upbit, South Korea's largest crypto exchange, posting $52.33 million in 24-hour trading volume and blowing past Bitcoin at $42.14 million and Ethereum at $24.30 million on the same venue.

International Business Times

Andhra IT Minister Lokesh invites South Korean BNK Venture Capital to mentor SMEs, startups

Andhra Pradesh's IT Minister Nara Lokesh has opened doors to South Korean BNK Venture Capital, seeking mentorship for local SMEs. His call for investment and fund management guidance aims to bolster state startups. Additionally, Lokesh has prompted the BNK Financial Group to delve into potential infrastructure funding opportunities, leveraging the…

The Economic Times

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More than 30,000 votes cast so far in search of South Korea’s top travel spots

South Korea has extended voting for its ambitious travel directory of the 10,000 must-visit destinations across the country. So far, more than 30,000 people have already had their say.

Euronews

Kospi enters bear market! What South Korea’s finance minister said after 20% crash

South Korea’s Kospi entered bear market territory after falling over 20% from its June peak, dragged down by a sharp selloff in semiconductor giants Samsung Electronics and SK Hynix. Finance Minister Koo Yun-cheol warned that heavy concentration in chip stocks is increasing market volatility. Despite the correction, Kospi remains the…

The Economic Times

Big Short fame Michael Burry is betting against Nvidia, AMD, Micron and other chipmakers. Is a massive AI crash coming?

Michael Burry, famed for predicting the 2008 financial crisis, has increased his bearish bets against AI-linked chipmakers through the iShares Semiconductor ETF. His move has reignited concerns over stretched semiconductor valuations, the sustainability of the AI rally, and the possibility of a sharp correction in technology stocks.

The Economic Times

Addicted to Online Shopping or Food Deliveries? South Koreans Are Using Fake Sites That Deliver Nothing

In South Korea, 'dopamine sites' simulate online shopping and delivery without actual purchases, appealing to Gen Z amid rising costs. These platforms offer the thrill of shopping without financial consequences.

International Business Times UK

Global Market: South Korea steps up market monitoring as chip-driven volatility rattles stocks

South Korean economic officials will closely monitor factors causing market volatility. Sharp swings in chip shares have unsettled investors and caused market fluctuations. Increased profit-taking and global AI expectations contributed to the heightened market volatility.

The Economic Times

South Korea's Kospi enters bear market, plunges 20% from peak. What's spooking investors?

South Korea's Kospi index entered bear market territory, plunging 20% from its peak. Heavyweight Samsung Electronics saw its share price fall nearly four percent on Wednesday. Foreign investors turned net sellers of shares worth over three hundred million dollars. Despite the sharp selloff, Kospi remains the world's best-performing major stock…

The Economic Times

Ross Gerber Says Chip Sell Off 'a Gift' for Those That Want to Retire Even as SK Hynix US Debut Nears: 'Captured by Very Short-Term Thinking'

Investor Ross Gerber said Tuesday that those selling semiconductor stocks were focusing on the short term, calling the recent pullback “a gift” for long-term investors ahead of South Korea’s chipmaker SK Hynix‘s $29 billion U.S. listing later this week.

Benzinga

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Marie Claire

Meet the Cast of 'Better Late Than Single' Season 2

This Netflix Korean reality show is actually so heartwarming.

GamesRadar

With the sword of Microsoft hanging over it, Blizzard quietly drops Overwatch in Korea into the hands of Nexon

Nexon is taking over Overwatch publishing duties in Korea starting in August

The Independent UK

Wall Street suffers major losses as AI stocks tumble and oil prices jump

The market's unease originated in Asia, where South Korean tech giant Samsung Electronics saw its shares tumble 6.9% in Seoul

The Economic Times

US stocks today: Nasdaq falls at open as DeepSeek's AI chip push rattles markets

Dow Jones & US Stocks today: Chip stocks experienced significant losses, impacting the S&P 500 and Nasdaq indices. Doubts emerged regarding the sustainability of the AI-driven rally, despite positive Samsung earnings. Samsung's shares declined in South Korea, affecting broader market sentiment. Other companies like Intel and Micron also saw substantial…

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Fortune

SK Hynix—which supplies memory chips to Nvidia—is about to test Wall Street's appetite for the next wave of tech IPOs

The Korean memory giant’s nearly 8-fold stock surge and $28 billion U.S. listing will show how much AI optimism is still left in the market.

The Independent UK

Warming seas bring jellyfish and sharks to South Korea’s beaches

Scientists say warmer water temperatures allow these species to survive and spread more easily

Euronews

South Korean law targeting 'fake news' takes effect as journalists' groups raise concerns

South Korea saw a surge in online misinformation following the botched 2024 martial law attempt, including unsubstantiated allegations of Chinese interference in the electoral system.

The Economic Times

South Korean law targeting false online information takes effect

South Korea enacted a new law targeting online misinformation and fake news. This legislation imposes stricter penalties on individuals who repeatedly spread false content. Major digital platforms must now implement systems for reporting and addressing alleged misinformation. Critics express concerns that the law may stifle free speech and encourage censorship.

The Economic Times

Global Market: Japan's Nikkei falls 2% as Samsung slump sparks chipmaker selloff

Japan's Nikkei share average closed two percent lower on Tuesday. Semiconductor heavyweights fell significantly after South Korea's Samsung Electronics tumbled. The broader Topix index also ended lower while value stocks saw buying interest. Investors booked profits in AI stocks and purchased undervalued companies. Japanese banking shares and Toyota Motor experienced…

The Economic Times

As South Korean Buddhism woos Gen Z, how hip is too hip?

In fast-secularising South Korea, Buddhism is regaining popularity thanks to a "hip" trend wooing Gen Z with festivals, fashion, robots and DJs, even as some fear for the fundamentals of the faith. "If Buddhism is consumed merely as a 'good image', its newfound hipness may prove to be little more…

Bangkok Post

Korean smuggler's accomplice arrested in Bangkok

Bangkok police have arrested a South Korean accused of involvement with an accomplice who was apprehended smuggling “ice” hidden in his underpants into South Korea.

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