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Won, bonds rally on U.S.-Iran peace hopes SEOUL, June 12 (AJP) - The South Korean won and government bonds strengthened sharply Friday as hopes for an end to the U.S.-Iran conflict eased pressure from oil prices, the dollar and foreign equity outflows. The won-dollar exchange rate closed at 1,519.8 won, down 9.1 won from the previous session, in Seoul’s foreign exchange market. The rate opened 10.9 won lower at 1,518.0 won before trimming part of its decline, but still ended in the 1,510-won range. The move came as investors pri June 12, 2026

KOSPI surges over 4% as foreign buyers return after weeks of selling SEOUL, June 12 (AJP) - The KOSPI closed up 4.63 percent Friday, capping a volatile week with a broad rally as foreign investors returned to Korean stocks after weeks of relentless selling. South Korea's benchmark KOSPI closed up more than four percent on Friday, capping a volatile week with a broad rally as foreign investors returned to the market after weeks of relentless selling. The index gained 359.67 points or 4.63 percent, though it eased from a sharper morning advance that briefly p June 12, 2026
Another fire breaks out at SK hynix's plant in Cheongju SEOUL, June 12 (AJP) - A fire broke out at SK hynix's chip plant in Cheongju, North Chungcheong Province on Friday, injuring one worker and forcing about 4,000 employees to evacuate. The fire came less than two weeks after a similar incident at the same plant on June 1. According to workers and fire officials, flames started at around 9:55 a.m. in a gas room on the second floor of its M15X facility at the plant. The fire was fully extinguished within about 10 minutes after the automatic sp June 12, 2026
World Cup 26: Korea rallies past Czechia in World Cup opener SEOUL, June 12 (AJP) - South Korea came from behind to defeat the Czechia 2-1 in its opening Group A match of the 2026 FIFA World Cup on Thursday, taking a major step toward the knockout stage after a spirited second-half comeback in Guadalajara, Mexico. Hong Myung-bo's side fell behind in the 58th minute when Czech defender Ladislav Krejci powered home a header from a set piece. But South Korea responded quickly as midfielder Hwang In-beom equalized nine minutes later before setting up su June 12, 2026
World Cup 26: Korea, Czech Republic goalless at halftime in World Cup opener SEOUL, June 12 (AJP) - South Korea went into halftime locked at 0-0 with the Czech Republic on Thursday in its opening Group A match of the 2026 FIFA World Cup. Korea made a brighter start than it had in recent warm-up matches, but could not turn its early pressure into a goal against a physically strong Czech side at Guadalajara Stadium in Mexico. Son Heung-min started up front, with Lee Kang-in and Lee Jae-sung playing just behind him. Hwang In-beom and Paik Seung-ho anchored the midfield, June 12, 2026
SpaceX buzz, ceasefire hopes send KOSPI soaring back above 8,000 SEOUL, June 12 (AJP) - The KOSPI once again proved one of the world's most volatile major stock indexes, surging more than 7.6 percent Friday morning as hopes for a Middle East ceasefire and excitement surrounding SpaceX's Nasdaq debut sparked a broad-based rally in technology shares. As of 10:57 a.m., the benchmark KOSPI was up 7.76 percent at 8,366.47 after opening 6.44 percent higher. The index earlier jumped as much as 8.50 percent to 8,424.13. The sharp advance triggered a buy-sid June 12, 2026
HOT STOCK: SpaceX suppliers Korea in focus after historic debut SEOUL, June 12 (AJP) - The historic Nasdaq debut of SpaceX has turned investor attention to the Korean companies inside its supply chain, with KOSDAQ-trading HVM and Sphere among the names positioned to benefit as the world's most valuable private space company enters the public market. HVM, which has supplied specialty metals to SpaceX directly since 2023, manufactures the high-strength alloys and titanium used in rockets and spacecraft, one of the few Korean firms with a confirmed, fligh June 12, 2026
KOSPI jumps 7 percent at open, lands above 8,300 SEOUL, June 12 (AJP) - The KOSPI lands above 8,300 by leaping over 7 percent at the open Friday after U.S. President Donald Trump again claims a peace deal is close and much-hyped SpaceX IPO winds down. A quarter past the opening at 9:00 a.m. in Seoul, the KOSPI gained 7.78 percent to 8,373.11, more than eclipsing the previous 4.5 percent fall and extending this week's bout of violent swings from 4 to 8 percent. Samsung Electronics rose 10.0 percent to 329,000 won ($217) and SK hynix gain June 12, 2026
Trump says Iran deal in 'pretty final shape' as Tehran says no final decision yet SEOUL, June 12 (AJP) - A peace deal between Washington and Tehran is in its final stages and could be signed in Europe as soon as this weekend, U.S. President Donald Trump said on Thursday. Speaking to reporters at the White House, Trump said the U.S. had "just made a great settlement of the war with Iran," announcing that he had canceled planned strikes against Tehran. "We have a signing soon and the documents are in pretty final shape, so we'll see," he added. Trump June 12, 2026
Korea's ruling party explores second year's challenges in an in-house forum SEOUL, June 11 (AJP) -South Korean President Lee Jae Myung has restored the dignity of the country's hard-won democracy, but what lies beyond can define the true scorecard of the liberal government, according to the ruling party's in-house seminar amid sagging approval rating following disappointing local election results. At a forum at the National Assembly in Yeouido, hosted by the office of Rep. Sohn Myung-soo of the ruling Democratic Party (DP) Thursday, persistent challenges such June 11, 2026