Korean won, bonds rally on U.S.-Iran framework SEOUL, June 15 (AJP) - The South Korean won and government bonds strengthened Monday on signs of foreign return after a de facto resolution to the monthslong Iran crisis. The won closed at 1,511.1 per dollar in the Seoul foreign exchange market, down 8.7 won from the previous session. South Korean government bonds extended last week's rally. The yield on the three-year government bond fell 6.4 basis points to 3.744 percent, while the 10-year yield dropped 7.7 basis points to 4.118 percent June 15, 2026

KOSPI, Nikkei jump on US-Iran war deal; China lags SEOUL, June 15 (AJP) -South Korean and Japanese markets surged around 5 percent in early Monday session as uncertainties over energy shocks from the prolonged blockade of the Strait of Hormuz were lifted upon the news of a peace deal between the United States and Iran. The KOSPI rose 415.20 points to 8,538.82, up 5.1 percent, by mid-morning. Tokyo's Nikkei 225 jumped 5.3 percent to a year-to-date high, while Chinese markets lagged, the Shanghai Composite gaining 0.6 percent; in Seoul the June 15, 2026

Korea's main stock index jumps 5%, won sharply eases on Iran peace deal SEOUL, June 15 (AJP) -South Korean stocks roared at Monday's opening bell after the United States and Iran agreed to a ceasefire framework and announced plans to sign a permanent agreement later this week to guarantee toll-free passage through the Strait of Hormuz, reigniting a rally in the country's memory chip giants. The benchmark KOSPI surged 5.46 percent to 8,567.05 in early trading, comfortably outpacing the roughly 3 percent gain in Japan's Nikkei 225. Large-cap stocks did m June 15, 2026

South Korean president offers olive branch in Vatican despite Pyongyang's snub SEOUL, June 14 (AJP) -South Korean President Lee Jae Myung used a Vatican peace gathering on Sunday to renew his offer of dialogue and reconciliation with North Korea, insisting that the "ember of hope" for inter-Korean cooperation remains alive despite Pyongyang's continued refusal to engage with Seoul. Speaking at a special Mass for peace and solidarity at the Basilica of Saint Paul Outside the Walls in Rome, Lee framed his administration's North Korea policy as one rooted June 14, 2026

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