KOSPI slips on chip losses despite Nvidia rally SEOUL, August 28 (AJP) — South Korean shares retreated Friday as investors digested the Bank of Korea's back-to-back rate hikes, with losses in major chip and biotech stocks overwhelming the positive spillover from Nvidia's overnight surge. The KOSPI traded at 6,818.87, down 1.29 percent, as of 10:30 a.m. amid broad selling and thin turnover. Losers outnumbered gainers 575 to 294. Foreign investors led the outflows, selling a net 233.5 billion won ($169.1 million). Institutions u August 28, 2026

Bond yields shoot up after back-to-back hike SEOUL, August 27 (AJP) - South Korean government bonds staged a sharp reversal Thursday after the Bank of Korea's second straight rate hike, while the won strengthened only modestly despite closing at an 11-month high. The dollar-won rate fell 3.9 to close daytime trading at 1,380.9, its lowest level since September last year. The rate dropped as low as 1,377.3 shortly after the decision before recovering much of the decline later in the session. The BOK raised its base rate by 25 basis p August 27, 2026

BOK chief Shin to attend Jackson Hole, G20, BIS meetings SEOUL, August 27 (AJP) - Bank of Korea Governor Shin Hyun-song is heading for the United States on Thursday to attend the Jackson Hole Economic Policy Symposium, followed by G20 and BIS meetings. Shin will attend the Jackson Hole symposium from Friday and exchange views with central bank governors and academics. This year's symposium will be held under the theme "Financial Innovation: Implications for Payments and Policy." Shin will then attend the G20 Finance Ministers and Cent August 27, 2026

KOSPI closes a tad higher as Nvidia boost fades on BOK rate hike SEOUL, August 27 (AJP) - South Korean stocks opened higher on Nvidia's earnings beat on Thursday but gave back most of their gains after the Bank of Korea (BOK) raised its key interest rate for a second straight time and signaled further hikes. The main KOSPI closed at 6,912.37, up 104.16 points or 1.53 percent from the previous session, after opening 2.76 percent higher at 6,996.12. The country's two major chipmakers SK hynix and Samsung Electronics kept only part of their opening gai August 27, 2026

KOSPI pares Nvidia rally after BOK hikes to 3% SEOUL, August 27 (AJP) — South Korea's KOSPI gave up more than half of its Nvidia-fueled early gains Thursday after the Bank of Korea (BOK) delivered a surprising back-to-back rate hike to 3 percent, tempering a rally in Korean chipmakers that had pushed the benchmark close to 7,000. The KOSPI traded at 6,864.75 as of 10:20 a.m., up 0.84 percent, after jumping more than 2 percent earlier in the session on Nvidia's bullish outlook for artificial intelligence demand and warnings of August 27, 2026

UPDATE: BOK lifts 2026 growth forecast to 3.3% *Updated with detailed economic outlook and Gov. Shin's comments SEOUL, August 27 (AJP) -The Bank of Korea (BOK) sharply raised its 2026 growth forecast to 3.3 percent on Thursday, citing a stronger-than-expected semiconductor boom, hours after delivering a second consecutive interest-rate increase to contain persistent inflation pressure. The central bank lifted this year's growth outlook by 0.7 percentage point from its May estimate of 2.6 percent. It also raised its 2027 projection August 27, 2026

BOK delivers back-to-back hike to 3% Aug SEOUL, August 27 (AJP) -The Bank of Korea (BOK) delivered a back-to-back rate hike to bring the benchmark rate to 3.00 percent on Thursday after holding it at 2.50 percent for 14 months through June. The move narrowed the interest-rate gap with the United States to 50 to 75 basis points, with the Federal Reserve's target range at 3.50 percent to 3.75 percent, reducing one source of pressure on the won and capital flows. The BOK said stronger-than-expected growth, persistent inflation press August 27, 2026

Samsung Display puts expandable OLED at center of Genesis GV90 SEOUL, August 26 (AJP) - Samsung Display is stepping up its push into automotive OLEDs, supplying Genesis' flagship GV90 electric SUV with an expandable center screen that grows by nearly 70 percent when the vehicle is parked. The display maker said Wednesday it has begun shipping two OLED panels for the GV90 this month, including a 24.6-inch center display and 13.2-inch screens mounted behind the front-seat headrests. At the center of the vehicle is what Samsung calls a Cinematic Displ August 26, 2026

South Korean matchmaker Duo fined $250,000 over false claims SEOUL, August 26 (AJP) - South Korean regulator has fined matchmaking company Duo 345 million won ($250,000) for misleading claims that it had the industry’s largest pools of professionals and graduates from prestigious universities. The Fair Trade Commission (FTC) said Wednesday the company had used the claims across its website, blog and outdoor advertisements since April 2022. The regulator also ordered the company to correct the practices. Among the slogans were statements that it ha August 26, 2026

Asian stocks tread water ahead of Nvidia results SEOUL, August 26 (AJP) — Asian stocks were mostly sidelined Wednesday as investors waited for a cluster of market-moving U.S. events, with South Korea's KOSPI and regional chip shares looking to Nvidia's earnings for their next direction. Markets are bracing for three major catalysts - the U.S. personal consumption expenditures price index, Nvidia's earnings after the bell on Wednesday and Federal Reserve Chairman Kevin Warsh's remarks at the Jackson Hole symposium Friday. August 26, 2026