news highlight

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  KOSPI plummets nearly 6 percent in Seoul SEOUL, July 29 (AJP) - An electronic board shows the KOSPI and other market indexes at the dealing room of Hana Bank headquarters in Seoul. The benchmark KOSPI closed at 5,663.24, down 360.42 points, or 5.98 percent, from the previous session, while the tech-heavy KOSDAQ finished at 662.68, down 43.17 points, or 6.12 percent, on July 29, 2026. AJP Yoo Na-hyun July 29, 2026
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  Seoul stocks tumble as KOSPI and KOSDAQ slide SEOUL, July 29 (AJP) - An electronic board shows the KOSPI and other market indexes at the dealing room of Hana Bank headquarters in Seoul. The benchmark KOSPI closed at 5,663.24, down 360.42 points, or 5.98 percent, from the previous session, while the tech-heavy KOSDAQ finished at 662.68, down 43.17 points, or 6.12 percent, on July 29, 2026. AJP Yoo Na-hyun July 29, 2026
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  Fed, BOJ policy paths may be behind foreign exodus from Korean equities SEOUL, July 29 (AJP) - Foreign investors have sold nearly 20 trillion won ($14.5 billion) worth of South Korean equities this month, including about 10 trillion won this week, extending first-half outflows of roughly 170 trillion won as global investors reposition portfolios ahead of diverging monetary paths in the United States and Japan rather than simply locking in profits after Seoul's year-long rally. The sustained selling suggests global liquidity conditions—not domestic valuat July 29, 2026
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  China chip fears send KOSPI plunging over 10% SEOUL, July 28 (AJP) - China's growing push into semiconductors rattled South Korea's stock market on Tuesday. Shares of Samsung Electronics and SK hynix crashed, sparking panic across the market. The sell-off was severe enough to activate automatic trading halts on both the benchmark KOSPI and the junior KOSDAQ, including sidecars and circuit breakers designed to curb sharp market declines. The KOSPI tumbled 10.84 percent to 6,023.66, briefly falling below the 6,000-point mark during July 28, 2026
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  KOSPI rebounds as AI bets outweigh China memory threat SEOUL, July 27 (AJP) — South Korean stocks rebounded Monday after investors looked past the blockbuster debut of Chinese memory chipmaker CXMT and instead focused on fresh artificial intelligence (AI) partnerships, allowing chip shares to recover from early declines. The benchmark KOSPI closed at 6,755.75, up 0.97 percent after reversing an early decline triggered by more than 2 trillion won in foreign selling. The junior KOSDAQ outperformed, rising 2.22 percent to 764.86. The session o July 27, 2026
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  Silicon Valley VC courtship lifts KOSDAQ on hopes for startup capital SEOUL, July 27 (AJP) — President Lee Jae Myung's Silicon Valley outreach to some of the world's most influential venture capital firms gave South Korea's startup-heavy KOSDAQ a lift on Monday, even as enthusiasm surrounding his AI diplomacy over the weekend failed to spill over to the broader stock market. While headlines focused on Lee's meetings with Nvidia, Broadcom and other technology giants, Monday's attention shifted to his separate gathering with six leading U. July 27, 2026
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  Korea Technology Guarantee Fund Supports K-Venture Global Expansion in Silicon Valley The Korea Technology Guarantee Fund announced on July 27 that it held a 'Global K-Venture Innovation Meeting' on July 24 in Silicon Valley, California, at the Startup Venture Campus (SVC).This event was organized to support the overseas expansion of promising domestic startups in line with the government's global entrepreneurship and venture promotion policies, and to create a field-centered global growth ecosystem.Attendees included Noh Yong-seok, the acting minister of the Ministry of SMEs and July 27, 2026
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  Lee Suggests Building Next Generation of Samsung and SK at Global VC Meeting Lee Jae-myung, the President of South Korea, proposed expanding the scope of cooperation between South Korea and the United States from security to technology, innovation, and startups during a meeting with global venture capital representatives in Silicon Valley. In line with this, the Ministry of SMEs and Startups and the National Pension Service established a cooperative framework to support overseas investment attraction and market entry for promising K-startups. On July 25, local time, at July 26, 2026
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  SK Telecom Supports Startups with Proprietary AI Model API to Expand AI Ecosystem SK Telecom is providing its proprietary AI model-based API to support the development and validation of AI services by domestic startups. This initiative aims to expand the use of its unique AI foundation model (Dopamo) as part of a government-led startup support program.On July 26, SK Telecom announced its participation in the '2026 Everyone's Challenge AX-LLM,' organized by the Ministry of SMEs and Startups. This program is designed to assist domestic startups in adopting and utilizing domesti July 26, 2026