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KOSPI takes 4% hit for third session in a row, second sidecar activated in a week SEOUL, February 06 (AJP) – The downward spiral continued on the Seoul bourse Friday, with the main and secondary indices sliding more than 4 percent in early trading, triggering a sell-side sidecar for the second time this week. The Korea Exchange said a sell-side sidecar was activated on the main KOSPI board at 9:06 a.m. local time. The measure temporarily suspends program selling for five minutes to h
South Korea posts record $123 billion current account surplus in 2025 SEOUL, February 06 (AJP) - South Korea’s current account surplus reached a record high last year, supported by robust semiconductor exports and rising dividend income from overseas investments, according to central bank data released on Friday. Preliminary balance-of-payments figures from the Bank of Korea showed the country recorded a $18.7 billion current account surplus in December, th
Naver posts double-digit revenue, profit growth, boosted by AI-driven advertising SEOUL, February 06 (AJP) - South Korea’s Naver Corp. reported double-digit growth in revenue and operating profit last year, supported by gains in advertising, e-commerce and fintech businesses, the company said in a regulatory filing on Friday. Consolidated revenue for 2025 rose 12.1 percent from a year earlier to 12 trillion won, while operating profit increased 11.6 percent to 2.21 trillion won. Fo