SK hynix rings in Nasdaq debut with record U.S. share sale SEOUL, July 10 (AJP) - SK hynix began trading on the Nasdaq Global Select Market on Friday after raising a record $26.5 billion in the largest U.S. share sale by a foreign company. The South Korean memory chipmaker's American depositary shares initially traded under the temporary ticker SKHYV before regular-way trading under SKHY. SK Group Chairman Chey Tae-won and SK hynix Chief Executive Kwak Noh-jung joined other senior executives at the opening bell ceremony at Nasdaq M July 10, 2026

Korean LCCs face uneven summer recovery despite easing fuel costs SEOUL, July 10 (AJP) - Falling jet-fuel prices are beginning to ease travel costs for South Koreans, but the country's low-cost carriers are unlikely to enjoy an equally smooth recovery as a weak won, elevated operating costs and cautious capacity expansion continue to weigh on profitability during the peak summer vacation season. International fuel surcharges fell in July after benchmark jet-fuel prices retreated from highs reached during the recent Middle East conflict, raisin July 10, 2026

Gov't pledges emergency aid for regions hit by torrential rains SEOUL, July 10 (AJP) - About 2.1 billion South Korean won (about US$1.4 million) in emergency disaster relief funds will be provided to regions affected by torrential rain earlier this week, the Ministry of the Interior and Safety said on Friday. According to the ministry, six regions affected by heavy downpours that began Wednesday are eligible for the support including Daejeon, Sejong, Gyeonggi Province, North Chungcheong Province, South Chungcheong Province and North Gyeo July 10, 2026

BTS' 'SWIM' lawsuit centers on alleged path from demo to hit song SEOUL, July 10 (AJP) - A copyright lawsuit over BTS' chart-topping single "SWIM" is focusing not only on alleged musical similarities, but on how an unreleased demo may have traveled through Los Angeles' songwriting and publishing network before reaching people involved in the hit. Three Los Angeles-based songwriters, Steve Cooper, Jon Sandler and Greylyn Johnson, filed the case in the U.S. District Court for the Central District of California on July 8, ac July 10, 2026

Prosecutors seek 13 years in prison for Moonies leader over bribery allegations SEOUL, July 10 (AJP) - Prosecutors on Friday sought a 13-year prison term for Han Hak-ja, leader of the powerful Unification Church, better known as the Moonies, over multiple allegations including bribery involving former first lady Kim Keon Hee. Han, the widow of the church's founder Moon Sun-myung, is suspected of bribing Kim with a luxury bag and jewelry, in return for favors for the church in 2022. She is also accused of colluding with an ex-cult follower the sam July 10, 2026

SK hynix's record Nasdaq debut lifts everything in Seoul except SK hynix SEOUL, July 10 (AJP) - South Korean stocks surged on Friday after SK hynix priced the largest United States listing ever by a foreign company, but the company that supplied the spark closed lower while the rest of the market rallied around it. The main index in Seoul added 184.03 points to 7,475.94, up 2.5 percent. The close understates the session. The KOSPI jumped more than 5 percent past the 7,700 line at midday, forcing the Korea Exchange to halt program buy orders for the July 10, 2026

SK hynix ADR: An epic Korea Inc. drama from penny stock to blockbuster SEOUL, July 10 (AJP) - Few Korean stocks have rewarded investors—or punished them—as dramatically as SK hynix. The memory chipmaker, whose Nasdaq American depositary receipts became the largest U.S. equity offering ever by a foreign issuer this week, once traded at just 135 won, making it one of the cheapest technology shares on the Korea Exchange and a dismal reminder of Korea Inc.'s collapse in the aftermath of the Asian financial crisis. Its fortunes have rid July 10, 2026

SK hynix ADR: From rescued chipmaker to Wall Street's hottest foreign listing SEOUL, July 10 (AJP) - SK hynix has gone from one of South Korea's biggest corporate rescues to Wall Street's biggest foreign share sale, raising a record $26.5 billion on Nasdaq just 14 years after SK Group acquired the struggling memory maker for roughly $3 billion. The blockbuster listing underscores how the artificial intelligence boom has transformed the once-troubled chipmaker into one of the world's most valuable semiconductor companies. The company has priced i July 10, 2026

Samsung SDI cells win two-thirds of Korea's first AI-powered grid ESS project SEOUL, July 10 (AJP) - Batteries made by Samsung SDI have been selected for the majority of South Korea's first government-backed program to build artificial-intelligence-powered energy storage systems along regional distribution lines. Six of the nine operators chosen for the Ministry of Climate, Energy and Environment's 2026 AI-based ESS deployment project will use Samsung SDI cells, industry sources said Friday. One operator opted for LG Energy Solution cells and two turn July 10, 2026

South Korea to reassess single-stock leveraged ETFs amid volatility concerns SEOUL, July 10 (AJP) - South Korea's newly-introduced single-stock leveraged exchange-traded funds (ETFs) are under scrutiny after those linked to the country’s largest two chipmakers suffered heavy losses, raising concerns about market volatility and investor protection. In a press briefing at Cheong Wa Dae on Friday, chief presidential secretary for policy Kim Yong-beom said that the government has been holding regular meetings with the country's top financial policy July 10, 2026