KOSPI recovers from four-session slide as chip stocks rally SEOUL, September 16 (AJP) - South Korean stocks rebounded on Wednesday, as gains in major semiconductor stocks offset continued foreign selling ahead of the U.S. Federal Reserve's key interest rate decision. The benchmark KOSPI rose 1.37 percent or 90.71 points to close at 6,717.97, snapping a four-session losing streak. The index opened 0.24 percent lower at 6,611.24 and fell as low as 6,598.87 before reversing course, eventually closing at its intraday high. Overseas investors sold a n September 16, 2026

KOSPI rises on chip gains ahead of Fed's rate decision SEOUL, September 16 (AJP) - South Korean stocks rose Wednesday morning as gains in major chip stocks helped offset concerns over high oil prices, rising U.S. Treasury yields and uncertainty ahead of the Federal Reserve's rate decision. The benchmark KOSPI stood at 6,659.29 points at around 10 a.m., up 0.48 percent from the previous session. The index fell 0.06 percent shortly after the market opened to 6,623.33 points before turning higher. Retail investors bought a net 125.0 billion won ( September 16, 2026

Naver bets on solar to power AI data centers SEOUL, September 16 (AJP) - Naver plans to take a stake in a 216-megawatt solar project and buy its output under a long-term deal to power its data centers with renewable energy, the company said Wednesday. South Korea's largest internet portal signed a memorandum of understanding with Singapore-based developer Gurīn Energy over the Jindo Green Solar project on Jindo. The two companies aim to hammer out the details and sign a binding agreement by the end of the year. Gurīn Energy will lea September 16, 2026

FSS chief calls for fairer CEO succession at financial groups SEOUL, September 15 (AJP) - South Korea's top financial regulator called on financial holding companies Tuesday to strengthen the fairness and transparency of CEO succession at their subsidiaries, saying existing procedures remain inadequate. Financial Supervisory Service (FSS) Governor Lee Chan-jin said at an executive meeting that succession procedures at most financial holding companies lacked clear standards for choosing subsidiary chiefs. Lee identified several weaknesses, including v September 15, 2026

LG Electronics to test heat pump system at occupied residence in Jeju SEOUL, September 15 (AJP) - LG Electronics will test a heat pump-based heating and hot water system at an occupied apartment complex on Jeju Island, marking the first such demonstration at a residential apartment building in South Korea, the company said Tuesday. LG signed a memorandum of understanding with the Jeju provincial government, Jeju Development Corp. and the Korea Institute of Industrial Technology on Tuesday to carry out the project. The system will be installed at Sinhyo Apartm September 15, 2026

Foreign selling hands KOSPI 4th straight loss before Fed SEOUL, September 15 (AJP) - Foreign investors sold Korean shares for a fifth straight session on Tuesday, handing the KOSPI a fourth consecutive loss as worries over a possible U.S. rate hike this week weighed on the main board. Buyers turned instead to battery makers and the KOSDAQ. The main index in Seoul shed 57.11 points, or 0.9 percent, to 6,627.26. Foreigners sold a net 1.57 trillion won ($1.15 billion) of KOSPI shares and institutions 904.9 billion won ($665 million), overwhelming 833. September 15, 2026

Ulsan to host global horticulture meeting in 2028 SEOUL, September 15 (AJP) - Ulsan, South Korea’s leading industrial city, will host the 2028 Spring Meeting of the International Association of Horticultural Producers (AIPH), bringing global horticulture leaders to the city as it prepares for a major international garden expo. The southeastern city said Tuesday that the decision was finalized during the AIPH Annual Congress being held in Bari, Italy. Ulsan plans to hold the spring meeting in April 2028 in conjunction with the opening of September 15, 2026

Seoul, Tokyo nearly flat amid AI and Gulf worries Verified by the AJP desk5 confirmed CONFIRMED · 5 ✓ 6,663.75 Checked against Naver Finance ✓ 20.62 Checked against Naver Finance ✓ 0.31 percent Checked against Naver Finance ✓ 63,673.78 Checked against Naver Finance ✓ Nasdaq Composite Checked against Yahoo Finance Desk review 2026-09-15 00:38 KST · 0 edits recorded SEOUL, Sep. 15 (AJP) - Sou September 15, 2026

Samsung, LG to pay suppliers 1.9 trillion won early ahead of Chuseok SEOUL, September 14 (AJP) - South Korea's Samsung and LG will make a combined 1.9 trillion won ($1.4 billion) in early payments to suppliers ahead of the Chuseok holiday, seeking to ease cash-flow pressures on smaller business partners during a period of increased funding needs. Samsung said Monday that 13 affiliates, including Samsung Electronics, Samsung C&T and Samsung Biologics, will pay a combined 1.3 trillion won to suppliers about seven days earlier than scheduled. The amount September 14, 2026

Korea seeks new marine construction technologies for field trials SEOUL, September 14 (AJP) - South Korea will open applications for new marine construction technologies to be tested at actual project sites, aiming to help promising technologies prove their performance and expand their use in the field. The Ministry of Oceans and Fisheries said Monday it will accept applications from Sept. 15 through Nov. 13 for new domestic technologies and patents to receive support under its trial construction program. The program gives technologies that have not yet bee September 14, 2026