KOSPI snaps back from record crash SEOUL, June 24 (AJP) - The KOSPI snapped back at Wednesday's open, following a script Korean investors have come to expect, the market's worst one-day crashes are almost always met by a rebound, as retail buyers piled in even while foreign and institutional investors kept selling. The benchmark rose 3.5 percent, recovering roughly a third of the 910.71 points it lost in Tuesday's record plunge. Samsung Electronics led, jumping 7.4 percent to 333,000 won ($217), while SK hynix ro June 24, 2026

Korea launches specialized copyright police division SEOUL, June 23 (AJP) - South Korea will launch a permanent law enforcement division on June 30 specifically designed to investigate international copyright infringement and protect its rapidly growing digital export economy. The Ministry of Culture, Sports and Tourism said Tuesday that a cabinet-approved decree officially upgrades its existing anti-piracy task force into the permanent Copyright Special Judicial Police Division, reinforced by eight newly assigned investigators. The overhaul is June 23, 2026

Won weakens on Fed jitters, bond yields fall as safety bid offsets FX pressure SEOUL, June 23 (AJP) - The Korean won weakened against the dollar on Monday as the Federal Reserve’s hawkish stance kept pressure on Asian currencies, while government bond yields fell as a sharp stock selloff pushed investors toward safer assets. The won ended the daytime session in Seoul at 1,538.90 per dollar, weakening by 1.90 won from the previous session. The currency came under pressure as investors reassessed the Fed’s policy path after its June meeting delivered a more haw June 23, 2026

KOSPI crashes nearly 10 percent amid broad Asian retreat SEOUL, June 23 (AJP) - South Korea’s benchmark KOSPI crashed nearly 10 percent, far outpacing declines in Japan and China as investors rushed to unwind positions after record-setting streaks. The KOSPI fell 9.99 percent or record 910.71 points to 8,203.84, instantly wiping out gains of last seven trading sessions. The junior KOSDAQ plunged 7.94 percent to 891.52. Foreign and local institutions offloaded more than 4 trillion won worth on the KOSPI while retailers scooped them up with purc June 23, 2026

World Cup 26: Messi breaks record as Argentina, France, Norway advance SEOUL, June 23 (AJP) - Lionel Messi became the most prolific scorer in men's World Cup history, France overcame a long weather delay and Norway survived a late Senegal fightback as Argentina, France and Norway all advanced to the knockout stage on Monday local time. Jordan were eliminated after another comeback defeat in Group J, joining Turkiye and Haiti among the teams already out, while Senegal and Iraq were left with only a narrow third-place route in Group I. In Group J, Messi scored June 23, 2026

Luxembourg looks to deepen partnership at National Day celebrations in Seoul SEOUL, June 23 (AJP) - Luxembourg marked its annual National Day at a reception in central Seoul on Monday, highlighting the country's deepening partnership with South Korea across various sectors including finance, advanced technology, and green growth. In his opening remarks at the reception which was held at The Hotel Shilla, a day ahead of the country's public holiday on June 23, Luxembourg Ambassador to Seoul Jacques Flies said the occasion provided an opportunity to reflect on the June 23, 2026

Netflix takes up nearly 60% of Korean mobile view time SEOUL, June 23 (AJP) - Netflix accounted for 57.7 percent of the time South Korean smartphone users spent on major streaming apps in May, far exceeding its 37.8 percent share of users, according to data released Tuesday by app and payment data provider Wiseapp Retail. The gap suggests Netflix users spent considerably more time on the platform than users of rival services. The combined monthly active user count for major over-the-top video streaming apps reached 22.09 million in May, up 4 perce June 23, 2026

Korea to finance upgrading of local sports venues for K-pop concerts SEOUL, June 23 (AJP) - South Korea will spend 12 billion won ($7.8 million) this year to upgrade six regional sports and multipurpose facilities for K-pop and other live music concerts, the Ministry of Culture, Sports and Tourism said Tuesday. The program is aimed at addressing the country's shortage of dedicated concert venues by upgrading existing public facilities rather than waiting for new arenas to be built. Many large music events in South Korea are held at stadiums and gymnasiums d June 23, 2026

Samsung develops industry's fastest UFS 5.0 storage chip for on-device AI SEOUL, June 23 (AJP) - Samsung Electronics has engineered the industry's fastest UFS 5.0 memory chip designed to power next-generation on-device artificial intelligence applications, the company said on Tuesday. As generative AI rapidly shifts from the cloud to local devices, the new memory chip is designed to significantly reduce latency and accelerate response times when running large language models (LLMs) in on-device AI environments. Built on Samsung's ninth-generation V-NAND tech June 23, 2026

KOSPI tumbles below 9,000 as Wall Street tech selloff hits Seoul rally SEOUL, June 23 (AJP) — South Korean stocks succumbed to foreign-led profit-taking Tuesday, pushing the benchmark KOSPI back below the 9,000 mark and sending the won toward 1,540 per dollar, as a broad correction in artificial intelligence stocks spread across Wall Street and Asia. As of 9:56 a.m., the benchmark KOSPI fell 1.73 percent to 8,957.02, while the junior KOSDAQ sank 3.40 percent to 935.47. The correction followed a record-setting streak in Seoul that had propelled the KOSPI to s June 23, 2026