Journalist

Ryu Yuna, Lee Jung-woo, Kim Hee-su, and Joonha Yoo
  • KOSPI defies overall subdued mood in Asia, friction weighs over Tokyo and Shanghai
    KOSPI defies overall subdued mood in Asia, friction weighs over Tokyo and Shanghai SEOUL, November 17 (AJP) - South Korea’s stock market opened the week on a strong note Monday, lifted by easing concerns over an AI bubble ahead of Nvidia’s quarterly results and trade uncertainties with the United States, in contrast to the subdued sentiment across most of Asia. As of 9:03 a.m., the KOSPI was up 1.7 percent at 4,079.41, while the tech-heavy Kosdaq added 0.6 percent to 903.26. Market heavyweights led the advance, with Samsung Electronics jumping 3.7 percent to 100,800 won ($69) to reclaim the 100,000-won level and SK hynix surging 6.1 percent to 594,000 won. Other blue chips traded higher as well: LG Energy Solution gained 0.7 percent to 466,000 won, Hyundai Motor rose 0.4 percent to 273,500 won, and Kia was up 0.4 percent at 117,500 won. The upbeat start followed Wall Street’s mixed close Friday, where the Dow Jones Industrial Average and S&P 500 slipped 0.7 percent and 0.05 percent, respectively, while the Nasdaq Composite edged up 0.13 percent. Renewed buying in major tech and AI names—on optimism that fears of an “AI bubble” were easing and memory prices were firming—helped bolster Korean chip stocks. Among biotech stocks, ABL Bio rose 1 percent to 176,000 won after rallying for three consecutive sessions last week. In entertainment, HYBE slipped 0.8 percent to 295,000 won, trimming last week’s 4.5 percent gain after girl group NewJeans, under its ADOR label, announced plans to return as a full five-member lineup. Meritz Securities last week raised its HYBE target price to 380,000 won from 370,000 won. SM Entertainment fell 0.6 percent to 100,900 won, while YG Entertainment also declined 0.6 percent to 61,700 won. JYP Entertainment was the sole gainer among the “Big Four,” rising 1.2 percent to 70,300 won after being named by Time magazine as the “World’s Best Companies in Sustainable Growth” for 2026, ranking No. 1 globally and in Korea for the second consecutive year. JYP manages TWICE, Stray Kids, ITZY, and NMIXX. Consumer-stock standout Nongshim jumped 11.1 percent to 469,500 won after brokerages raised their outlooks, citing expected synergy from its upcoming “K-Pop Demon Hunters” tie-in. Kiwoom Securities reiterated a buy rating with a 540,000-won target, while KB Securities lifted its target to 570,000 won from 530,000 won, pointing to continued earnings momentum after a robust third quarter. Nongshim’s operating profit jumped 44.6 percent on year to 54.4 billion won ($37 million) in the third quarter, beating market consensus by about 20 percent. Meanwhile, affiliates of Ssangbangwool Group, Kwanglim and FutureCore, plunged nearly 80 percent as trading resumed under liquidation procedures. As of 10:13 a.m., Kwanglim was down 75.5 percent at 1,480 won and FutureCore was down 87.8 percent at 78 won. The Korea Exchange restarted delisting procedures after the court rejected injunctions filed by the companies. Kwanglim and FutureCore will trade for settlement through Nov. 25, and Ssangbangwool from Nov. 19 to 27, with final delistings expected later this month. All three firms have filed appeals. Across the region, sentiment was weaker. In Tokyo, the Nikkei 225 fell 0.4 percent to 50,179.15 amid rising tensions between China and Japan after Japanese Prime Minister Sanae Takaichi said Tokyo would intervene in a Taiwan contingency, prompting a strong protest from China’s Consul-General in Osaka. On Friday, Beijing urged its citizens to avoid traveling to Japan via a notice posted on the Chinese embassy’s official WeChat account. Analysts said the advisory could pressure Japan’s tourism sector, which relies heavily on Chinese visitors—7.49 million out of 31.65 million foreign arrivals between January and September. Kyodo News described the move as a “de facto economic measure targeting Japan’s tourism industry.” In China, the Shanghai Composite Index slipped 0.5 percent to 3,972.44 in early trade, while Hong Kong’s Hang Seng Index fell 0.4 percent to 26,476.55. 2025-11-17 11:42:23
  • HOT STOCK: ABL Bio extends rally as Eli Lilly deal spurs biotech optimism
    HOT STOCK: ABL Bio extends rally as Eli Lilly deal spurs biotech optimism SEOUL, November 14 (AJP) - Shares of South Korean biotech company ABL Bio rose 6.5 percent Friday to 174,200 won ($119), extending a three-day rally that has propelled the stock into the top tier of the local market. At one point during trading, the stock jumped more than 17 percent. The surge follows ABL Bio’s announcement Wednesday of a major licensing agreement with U.S. pharmaceutical giant Eli Lilly. The deal, which could ultimately be worth up to 3.8 trillion won ($2.6 billion), is the third-largest technology transfer agreement in South Korea’s history. Under the terms, ABL Bio will receive a $40 million upfront payment and up to $2.56 billion in milestone payments, along with tiered royalties on future product sales. The stock gained 30 percent Wednesday and added 29 percent Thursday, reflecting investor enthusiasm over the high-profile partnership. Eli Lilly, based in Indianapolis, is one of the world’s most valuable pharmaceutical companies and ranks 100th on the Fortune 500 and 138th on the Forbes Global 2000. Kyobo Securities analyst Jung Hee-ryeong raised her target price for the company to 190,000 won and assigned a “buy” rating, noting that ABL Bio is “on track to reach 10 trillion won ($6.85 billion)” in market capitalization. As of Friday’s close, the company’s market cap stood at 9.6 trillion won ($6.56 billion), just shy of that milestone. Jung highlighted several upcoming catalysts for the stock. The company’s Grabody-B platform has already generated 9.2 trillion won in cumulative deals, and positive interim results from a Phase 2 clinical trial expected in 2026 could further boost its valuation. A joint study with Ionis Pharmaceuticals assessing the platform’s muscle-delivery potential is scheduled for publication in December, potentially expanding the platform’s perceived versatility. Additional drivers include new licensing agreements, data from ABL001’s bile duct cancer treatment, and accelerated approval filings expected in the first half of next year. Korea’s broader biotech sector has also gained momentum. The KRX Healthcare Index, which tracks 66 pharmaceutical and biotech companies, has risen 9 percent so far this month, outperforming the KRX Semiconductor Index, which gained 1.6 percent. Analysts expect the biotech rally to extend into early 2026, supported by deal activity, clinical trial updates, and the potential for U.S. interest rate cuts. Korea Investment & Securities recommended a range of firms with licensing potential — including LigandChem Bio, D&D Pharmatech, Hanmi Pharmaceutical, AprilBio, and Kolon TissueGene — alongside ABL Bio. “The ABL Bio–Eli Lilly deal revived investor confidence in Korean biotech firms’ global competitiveness,” said Wi Hae-joo, an analyst at Korea Investment & Securities. 2025-11-14 17:09:10
  • Asian markets drop on Wall Street losses, diminished Fed cut hopes
    Asian markets drop on Wall Street losses, diminished Fed cut hopes SEOUL, November 14 (AJP) - Asian stock markets declined broadly on Friday morning, dragged lower by renewed concerns over U.S. interest rates and a downturn in global technology shares. In South Korea, the benchmark Kospi dropped 2.5 percent to 4,066.30 as of 11:22 a.m., while the tech-heavy Kosdaq slipped 1.3 percent to 906.20. The country’s three most valuable companies — each with a market capitalization exceeding 100 trillion won, or about $68.6 billion — all traded lower. Samsung Electronics fell 3.9 percent to 98,800 won and SK hynix tumbled 5.9 percent to 576,000 won, deepening losses after modest declines the previous day. LG Energy Solution, the country’s third-largest company by market value, shed 1.2 percent. Hyundai Motor slipped 1.4 percent and Kia edged down 0.3 percent. HYBE, the entertainment agency behind the K-pop group NewJeans, gave back 0.3 percent following a sharp rally on Thursday after the group formally returned to its subsidiary ADOR. HYBE, best known globally for managing BTS, has been a bellwether for investor sentiment in South Korea’s cultural and entertainment sectors. “The local market is under pressure from the Fed’s hawkish comments, fading expectations for a December rate cut and a pullback in U.S. A.I. stocks,” said Han Ji-young, an analyst at Kiwoom Securities. “Still, some rotation into other sectors such as biotech and low-price-to-book stocks could help limit downside pressure.” Japan’s Nikkei 225 also declined, falling 1.6 percent to 50,486.68 as of 11:23 a.m. SoftBank Group slid 7.4 percent after a drop in the previous session, while Toyota, Honda and Sony all traded lower. The regionwide selloff followed a weak session on Wall Street, where major indexes sank as investors recalibrated expectations for interest rate cuts. The Dow Jones industrial average fell 1.7 percent, the S&P 500 dropped 1.7 percent and the Nasdaq composite slid 2.3 percent. Technology stocks led the decline: Nvidia dropped 3.6 percent and Tesla plunged 6.6 percent. The PHLX Semiconductor Index lost 3.7 percent. Although the United States ended its 43-day government shutdown this week, investors remained cautious as the release of delayed economic data — including key inflation and labor reports — threatened to add volatility. Federal Reserve officials also struck a hawkish tone, signaling reluctance to move quickly on rate cuts. In mainland China, the Shanghai Composite slipped 0.2 percent to 4,023.00, while Hong Kong’s Hang Seng Index fell 1 percent to 26,805.55 by late morning. 2025-11-14 12:56:30
  • Asian shares end Thursday with modest gains
    Asian shares end Thursday with modest gains SEOUL, November 13 (AJP) - Major Asian markets in South Korea, Japan, and China closed modestly higher on Thursday, buoyed by relief over the normalization of U.S. government operations after the longest shutdown in American history. South Korea’s benchmark KOSPI added 0.5 percent to close at 4,170.63, while the secondary KOSDAQ advanced 1.3 percent to 918.37. The partial U.S. government shutdown ended late Wednesday after 43 days, as the House passed a temporary spending bill funding operations through January 30. President Donald Trump signed the measure into law, formally restoring federal functions. Early gains in Samsung Electronics and SK hynix faded by the close. Samsung slipped 0.3 percent to 102,800 won ($70), while SK hynix declined 0.8 percent to 612,000 won. Entertainment agency HYBE, which drew renewed attention after NewJeans returned to its label, jumped 4.5 percent to 304,000 won. Japan’s Nikkei 225 rose 0.4 percent to finish at 51,281.83, supported by gains in automakers. Toyota climbed 0.3 percent to 3,198 yen ($20), Honda rose 1.3 percent to 1,565 yen, and Nissan gained 2.8 percent to 374 yen. Fast Retailing dropped 1.6 percent to 57,020 yen, while SoftBank Group tumbled 3.4 percent to 21,170 yen following reports that the company sold its remaining stake in Nvidia. The New York Times reported that Nvidia’s $100 billion investment in OpenAI — and OpenAI’s large-scale purchases of Nvidia processors — have raised concerns about circular transactions that could inflate bubble risks. In China, the Shanghai Composite Index gained 0.7 percent to close at 4,029.50. 2025-11-13 17:31:35
  • Koreas poetic way to authenticate test-takers for college entry exam
    Korea's poetic way to authenticate test-takers for college entry exam SEOUL, November 13 (AJP) - Poet Ahn Gyu-rye may not be widely known, but to the half million South Korean youths who sat for Thursday’s once-a-year college entrance exam Suneung, the line “Youth, like waves of springing green” from poem Morning Walk will likely remain etched as a final memory of the day. Suneung is a cruel make-or-break ritual that can shape a student’s entire adult trajectory in Korea, a society long obsessed with a handful of elite universities. It is a day of excruciating tension not only for test-takers but also for their parents, as even a single slip can upend years of effort. To stay composed, Koreans have developed an array of personal and collective rituals. Among them, the so-called handwriting verification phrase stands out as a uniquely Korean Suneung invention—born both to prevent foul play at test sites and to serve as a last-resort safeguard in identifying test-takers. The phrase appears on each of the five typical test sets administered throughout the day, and every test-taker must write it by hand on their answer sheet. The line is chosen with care: it must support the design of handwriting authentication and leave a lasting emotional impression on students facing one of the most consequential tests of their lives. For the 2025 Suneung, the phrase was: “Unfurl your grand dreams upon the boundless world.” It comes from a work by poet Gwak Ui-young, a late-blooming Daegu poet whose 2023 debut collection Launching a Boat at Sunset includes the poem Only One Beautiful Daughter. The tradition dates back to 2006, introduced after widespread cheating scandals in the 2005 exam. The first handwriting phrase quoted one of Korea’s most revered poets, Yun Dong-ju, whose line “May I have no shame when I look up at the sky” from his poem Prologue evokes moral integrity under colonial oppression. The most frequently selected poem has been Nostalgia by Jeong Ji-yong, used three times. Jeong is known for articulating early modern Korean experience in refined, sensory language, noted Professor Cho Kang-sok of Yonsei University’s Department of Korean Language and Literature. The phrases are chosen by exam committees under strict criteria: they must span 12–19 Korean characters, include at least two distinctive consonants such as ㄹ, ㅁ, ㅂ, and feature at least one double consonant, all to ensure clear handwriting authentication. At the same time, they must deliver messages of hope and encouragement—words meant to steady the hand, soothe the mind, and perhaps bring a measure of luck to the young Koreans facing their critical day. 2025-11-13 17:18:21
  • Sanguine KOSPI signals bumper IPO year in 2026
    Sanguine KOSPI signals bumper IPO year in 2026 SEOUL, November 13 (AJP) - Rejuvenated stock markets, abundant liquidity from monetary easing, and renewed corporate confidence fueled by strong exports are setting the stage for a bumper year for South Korean initial public offerings in 2026. Among the most closely watched are K Bank — which has already filed its preliminary prospectus and is awaiting approval — as well as beauty-and-fashion leaders CJ Olive Young, Musinsa, and Gudai Global, the rising Korean retail brands with expanding global footprints. Their listings have been discussed for years but were repeatedly pushed back during the prolonged market slump. With the KOSPI on track for its best-ever performance and investment banks projecting next year’s index range anywhere between 4,500 and 7,500, sentiment has turned decisively optimistic. Musinsa and Gudai Global are expected to be the biggest attractions, with valuations that could approach 10 trillion won ($6.8 billion). Musinsa has confirmed its IPO intent and is expected to select a lead underwriter within the year, though final approval is still pending. The fashion platform aims to use IPO proceeds to accelerate global expansion, a strategy reiterated by CEO Park Jun-mo. Gudai, which joined the 1-trillion-won sales club last year, expects the time is ripe, with revenue estimated to top 1.7 trillion won this year on strong U.S. sales through Amazon. Musinsa has been strengthening its presence in Japan by appointing Mike Ikeda, former CEO of Dr. Martens Japan, to lead its local unit. Its platform now introduces more than 3,000 brands to Japanese consumers, with Japan sales surging 120 percent on-year in the third quarter. CJ Olive Young, a dominant K-beauty retailer with a strong brick-and-mortar network, is also seen as a prime IPO candidate, though company officials declined to confirm a near-term plan. Olive Young maintained robust offline traffic even during the pandemic thanks to product trials that have proven especially attractive to foreign tourists. It has recently ramped up online sales to expand its customer base. Despite mounting price competition from low-cost chains such as Daiso, Olive Young is still expected to benefit from the global wave of interest in Korean beauty over the next three to five years, according to Kim Ju-duck, dean of the Graduate School of Convergence Beauty at Sungshin Women’s University. Other potential IPO standouts include AI startup Upstage — targeting a valuation above 2 trillion won on the strength of its Large Language Model technology — and medical device firm Reves Med, which has passed its listing review and plans to go public next month. LS Group affiliate Essex Solutions is also undergoing preliminary KOSPI review. Both Upstage and Reves Med are considered unicorns with valuations exceeding 1 trillion won. This year’s IPO market contracted sharply, with total fundraising reaching just 3 trillion won in the first half, far below the 20 trillion won annually recorded during the 2021–2022 boom. But with the KOSPI up more than 70 percent year-to-date, retail deposits earmarked for stock investment have ballooned to 85 trillion won. Recent IPOs have also priced at the top of their indicative ranges, signaling strong investor appetite. Government initiatives to invigorate the capital market — including lower taxes on dividend income and expanded venture capital supply — further strengthen the environment for new listings. A senior asset management official noted that the administration’s commitment to boosting the market is likely to draw both fresh issuers and eager investors back into the IPO pipeline. 2025-11-13 15:54:23
  • Asian markets hardly move on Suneung Day, awaiting end of U.S. shutdown
    Asian markets hardly move on Suneung Day, awaiting end of U.S. shutdown SEOUL, November 13 (AJP) - Asian markets were largely unmoved on Thursday as investors waited for confirmation of an end to the U.S. government shutdown. In Seoul, the KOSPI and KOSDAQ inched up to 4,153.35 and 911.88, respectively, as of 11:20 a.m. The market opened at 10:00 a.m.—one hour later than usual—due to the nationwide Suneung college entrance exam. The Korean won weakened further, with the dollar gaining 4.60 won to hit a new annual high of 1,474.1 won despite fresh verbal intervention from authorities. Large-cap stocks traded narrowly, with none among the top 10 names moving beyond a 1-percent range. Samsung Electronics rose 0.9 percent to 104,000 won ($71), while SK hynix gained 0.5 percent to 620,000 won. LG Energy Solution slipped 0.2 percent to 474,500 won, and Hyundai Motor eased 0.2 percent to 275,000 won. Entertainment agency HYBE surged 5.3 percent to 306,500 won following reports that all five members of NewJeans, under its subsidiary label ADOR, would return to the company. Meritz Securities raised its target price for HYBE to 380,000 won from 370,000 won, citing projected profit contributions of 6–7 billion won ($4.1–4.8 million) next year from NewJeans’ resumed activities and as much as 20–30 billion won annually from 2027. HYBE, valued at around 13 trillion won, manages top K-pop acts including BTS, SEVENTEEN, TOMORROW X TOGETHER, ENHYPEN, LE SSERAFIM, and ILLIT. On the KOSDAQ, ABL Bio soared 27.3 percent to 161,300 won after announcing a $2.6 billion technology transfer deal with U.S. pharma giant Eli Lilly for its Grabody-B bispecific antibody platform. Japan’s Nikkei 225 rose 0.5 percent to 51,336.57, supported by modest gains among automakers. Toyota and Honda each added 0.3 percent, Nissan rose 0.9 percent, while Sony climbed 1.3 percent. Fast Retailing fell 1 percent, and SoftBank extended declines with a 3.4 percent drop. In China, the Shanghai Composite slipped 0.1 percent to 3,995.66, while Hong Kong’s Hang Seng Index fell 0.3 percent to 26,844.56 amid continued caution across regional markets. 2025-11-13 11:33:28
  • Asian stocks mixed early Wed amid conflicting US factors, USD/KRW near 1,470
    Asian stocks mixed early Wed amid conflicting US factors, USD/KRW near 1,470 SEOUL, November 12 (AJP) - Asian stocks were mixed in early Wednesday trading as investors sidelined for a breakthrough in the U.S. fiscal standoff. In Seoul, the KOSPI swung the positive and negative before settling 0.6 percent higher at 4,133.36 by midday. The KOSDAQ rose 1.8 percent to reclaim the 900 level. Foreign investors continued to sell, pushing the Korean won down to near 1,470 per U.S. dollar. Analysts cited conflicting forces — hopes for a U.S. fiscal settlement and lingering pressure from the overnight drop in major American tech stocks — as key drivers of the early volatility. Among heavyweights, Samsung Electronics fell 1.6 percent to 101,800 won ($69), and SK hynix declined 2.8 percent to 602,000 won, following losses in U.S. chip and AI shares. The Philadelphia Semiconductor Index slid 2.5 percent. The Nasdaq Composite dipped 0.3 percent to 23,468.30, while the Dow Jones Industrial Average and S&P 500 gained 1.2 percent and 0.2 percent, respectively. NVIDIA sank 3 percent after reports that SoftBank Group had sold its entire stake, reviving concerns about an “AI bubble” and stretched valuations. Sentiment toward chipmakers remains divided. Worries about overinvestment continue to fuel bubble fears, even as strong earnings expectations attract buyers. Bloomberg estimates U.S. tech giants will spend roughly $320 billion this year on AI infrastructure, more than double the $151 billion invested in 2023, with the figure projected to exceed $1 trillion by 2031. Venture capital funding for AI startups surpassed $100 billion last year, hitting a record high. Morgan Stanley maintained an upbeat view on Korean memory shares, recently raising its price targets for Samsung Electronics to 175,000 won and SK hynix to 850,000 won, citing solid AI-driven memory demand. Automakers and defense names outperformed. Hyundai Motor rose 2.2 percent to 275,000 won, and Hanwha Aerospace gained 2.3 percent to 970,000 won. NCSoft jumped 6.3 percent to 244,000 won on enthusiasm for its upcoming Aion 2 title. Hana Securities lifted its target price by 15.4 percent to 300,000 won, citing strong earnings leverage. Analyst Lee Jun-ho said Aion 2 is “well-positioned to deliver explosive profit growth upon success,” noting NCSoft plans additional launches through 2026, including Limit Zero Breakers, Time Takers and Cinder City. In Japan, the Nikkei 225 edged up 0.03 percent to 50,857.50 as markets digested SoftBank’s unexpected NVIDIA divestment. SoftBank Group shares tumbled 4.8 percent to 21,600 yen ($140) after confirming it sold all 32.1 million NVIDIA shares last month for $5.83 billion. CFO Kazuhiko Fujihara said the sale was not driven by doubts about NVIDIA but to reallocate capital into new AI investments. Founder Masayoshi Son — who had previously lamented missing out on $150 billion in gains after an earlier NVIDIA exit — now faces fresh scrutiny over group strategy. SoftBank’s market cap, which had tripled by late October during the AI boom, has fallen more than 20 percent in the past week. At its peak on Oct. 29, SoftBank’s valuation reached ¥40.15 trillion ($260bn), narrowing the gap with Toyota to less than ¥10 trillion. Excluding SoftBank, most Japanese blue chips advanced. Toyota rose 1.8 percent to 3,203 yen, Honda climbed 2.3 percent to 1,559 yen, Sony gained 3.1 percent to 4,662 yen, and Fast Retailing edged up 0.2 percent to 58,760 yen. In China, the Shanghai Composite Index added 0.2 percent to 4,010.88, while Hong Kong’s Hang Seng Index rose 0.7 percent to 26,878.97. 2025-11-12 12:14:45
  • K Bank readies third and possibly final KOSPI bid, betting on sustained market rally
    K Bank readies third and possibly final KOSPI bid, betting on sustained market rally SEOUL, November 11 (AJP) - K Bank may become the first company to debut on the KOSPI in 2026 as the country’s pioneering internet-only bank files its third — and likely final — preliminary prospectus, hoping the market’s bullish momentum lasts another two to three months. According to the filing, K Bank plans to offer 60 million shares out of its 405.7 million total. The Korea Exchange’s review normally takes two to three months, putting an early-2026 listing within reach if approval is granted. NH Investment & Securities and Samsung Securities are joint lead managers. The clock is ticking. Under agreements with its financial investors (FIs), K Bank must go public by July 2026. Failure to do so would allow investors to exercise tag-along or put options by October next year, making this effectively its last window to complete the deal. K Bank previously cleared the preliminary review in 2022 but canceled its offering in the face of rapidly rising interest rates and a frozen IPO market. A second attempt in late 2023 was also withdrawn after weak demand during roadshows. The bank has since trimmed its target valuation to 5.3 trillion won ($3.6 billion) from roughly 7 trillion won. Whether the current year-end rally will be enough to support a newcomer remains uncertain. The bank’s repeated last-minute withdrawals have already dented its credibility among investors. Another lingering risk is its deep dependence on deposits sourced from customers of Upbit, the country’s largest cryptocurrency exchange. The two companies recently renewed their real-name account partnership for one more year, through October 2026, after the contract expired last month. The Upbit-linked deposits have been a major growth driver, as K Bank supplies verified accounts to crypto traders. But renewal uncertainty hangs over the bank each time the contract comes due. Meanwhile, the bank’s early-mover advantage has largely faded as traditional lenders now operate fully competitive mobile platforms. Market sentiment toward digital-only banks has also cooled. KakaoBank shares have dropped 44.5 percent from their June 24 peak of 38,750 won to 21,500 won ($14.7) as of Tuesday. Last week, Hana Securities cut its price target for KakaoBank to 32,000 won from 36,000 won, pointing to weaker-than-expected third-quarter earnings and slowing fee income. KakaoBank’s net profit fell 10.3 percent on-year to 111.4 billion won. Hana Securities analyst Choi Jung-wook said sluggish loan growth, a broader decline in net interest margin and disappointing non-interest income weighed on performance, while operating expenses climbed with new service promotions and AI-related hiring. “Despite steady product launches such as its MMF Box and Kids Savings offerings, monetization remains slower than expected,” Choi wrote. As it weighs its KOSPI push, K Bank has also been expanding its offline footprint. Starting in December, Seoul Metro’s Euljiro 4-ga Station — near the bank’s headquarters — will adopt “K Bank Station” as a secondary name under a paid naming-rights deal effective through December 2028. 2025-11-11 17:39:05
  • KOSPI and Nikkei remain bellwethers in Asia, recharged by U.S. market easing
    KOSPI and Nikkei remain bellwethers in Asia, recharged by U.S. market easing SEOUL, November 11 (AJP) - Korean and Japanese equities extended their coupled strength on Tuesday, lifted by easing concerns over the U.S. government shutdown and renewed confidence that recent warnings over an AI bubble may have been overstated. South Korea’s benchmark KOSPI climbed as much as 2.6 percent to 4,179.51 in early trading, while the tech-heavy KOSDAQ rose 1 percent to 897.31. Large-cap shares led the advance: Samsung Electronics gained 3.8 percent to 104,400 won ($71), SK hynix added nearly 4 percent to 629,000 won, Hyundai Motor rose 1.1 percent to 273,500 won, LG Energy Solution jumped 4.9 percent to 488,250 won, HD Hyundai Heavy Industries increased 1.7 percent to 547,000 won, and Naver climbed 3.5 percent to 269,000 won. SK Square surged 11 percent to 322,000 won, breaking into the 300,000-won range for the first time. NH Investment & Securities raised its target price to 350,000 won from 165,000 won, citing a sharp increase in the company’s net asset value driven by the rally in its chipmaking affiliate. “With SK hynix accounting for the largest share of NAV, the steep rise in its stock price is driving SK Square’s rally,” said Ahn Jae-min, an analyst at NH Investment & Securities. Doosan Corp. jumped 12.5 percent to 1,056,000 won amid expectations of record fourth-quarter earnings. Eugene Investment & Securities analyst Lee Joo-hyung projected that Doosan’s electronics business will post fourth-quarter revenue of 549.9 billion won ($376 million), up 64 percent on year, and operating profit of 165.2 billion won, up 269 percent, supported by stable output of its GB300 rack servers and higher weekly production of its GB200 servers. U.S. stocks closed higher Monday on optimism that Washington was moving toward reopening the federal government after the prolonged budget standoff. The Dow Jones Industrial Average rose 0.8 percent to 47,368.63, the S&P 500 climbed 1.5 percent to 6,832.43, and the Nasdaq Composite advanced 2.3 percent to 23,527.17. Japan’s Nikkei 225 gained 0.8 percent to 51,326.60, with most blue-chip names extending gains. Toyota Motor edged up 1 percent to 3,163 yen ($20.5), Fast Retailing rose 2 percent to 59,400 yen, and SoftBank Group surged 5.4 percent to 23,455 yen. Strong foreign inflows remain the backbone of Japan’s rally, supported by the revival of the yen carry trade—borrowing in near-zero-yielding yen to chase higher returns abroad. Goldman Sachs said Monday that U.S. capital inflows into Japan have accelerated to the fastest pace since the height of Abenomics. “U.S. investor participation in the Japanese equity market is at its highest since October 2022,” said Bruce Kirk, chief strategist at Goldman Sachs. Analysts cite Prime Minister Sanae Takaichi’s stimulus measures and the yen’s depreciation as key tailwinds. While the S&P 500 is up about 14 percent this year, the Nikkei has surged roughly 30 percent. Goldman Sachs noted that U.S. buyers have concentrated on Japanese technology and AI-related stocks. According to Japan Exchange Group data, foreign investors purchased a net 284 billion yen ($1.8 billion) of Japanese equities—spot and futures combined—over the final two weeks of last month. Kirk said global allocations to Japanese equities “remain low, suggesting further room for inflows,” while cautioning that “after the recent sharp rally, a period of consolidation could follow.” Elsewhere in the region, China’s Shanghai Composite Index slipped 0.01 percent to 4,018.36, while Hong Kong’s Hang Seng Index rose 0.3 percent to 26,722.73. 2025-11-11 11:19:41