Regulators warn of risks over South Korea's first single-stock leveraged ETF SEOUL, May 26 (AJP) - Financial authorities issued an investor warning as South Korea prepares to permit the listing of "single-stock leveraged ETFs and ETNs" for the first time in the domestic market. As these instruments track two times the daily performance of specific individual stocks—Samsung Electronics and SK hynix — the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) warned that they can conversely accelerate catastrophic May 26, 2026

Korean submarine scores high with Canadian crew ahead of Ottawa decision SEOUL, May 26 (AJP) - The Canadian crew after their first onboard journey aboard a South Korean submarine had only high praise for the ROKS Dosan Ahn Chang-ho, boosting Team Korea’s momentum in the final stretch of Ottawa’s multibillion-dollar competition to replace its aging submarine fleet. The KSS-III-class diesel-electric submarine arrived at Canadian Forces Base Esquimalt on Saturday after a nearly two-month voyage from Jinhae in southern Korea, marking the first tr May 26, 2026

KOSPI touches down above 8,000 for first time amid flat Asian market SEOUL, May 26 (AJP) -South Korean stocks closed above the 8,000 mark for the first time Tuesday as investors rushed to compensate for Monday's market holiday and price in the broader Asian rally fueled by hopes for a reopening of the Strait of Hormuz and renewed momentum in AI-related shares. The benchmark KOSPI surged 2.6 percent to close at 8,047.50 after climbing as high as 8,131.15 during the session. The index stayed above the 8,000 threshold throughout the day and passed t May 26, 2026

Korea holds off on IEA oil release, eyeing August crunch SEOUL, May 26 (AJP) - South Korea is holding back on releasing its share of the International Energy Agency's record emergency oil stockpile, opting to preserve the buffer for a potentially graver supply crunch in August as the Strait of Hormuz remains effectively shut. With the June 9 deadline for Seoul's pledged contribution just two weeks away, Yang Ki-wook, director general for industrial resources security at the Ministry of Trade, Industry and Resources, told reporters May 26, 2026

N. Korea tests mixed-fire tactics as Xi's possible Pyongyang trip looms SEOUL, May 26 (AJP) - North Korea fired several close-range ballistic missiles and artillery rockets into the Yellow Sea on Tuesday, South Korea’s military said, amid speculation that Chinese President Xi Jinping could visit Pyongyang soon. The Joint Chiefs of Staff said it detected various types of projectiles, including close-range ballistic missiles, fired from the area of Jongju, North Pyongan Province, toward waters off the North’s west coast at around 1 p.m. The May 26, 2026

At least 3 dead as old overpass in Seoul partially collapses during demolition SEOUL, May 26 (AJP) - An old overpass in Seoul partially collapsed on Tuesday while workers were demolishing it, as part of the city's broader effort to remove aging infrastructure and spruce up the capital. The accident occurred at around 2:30 p.m. on the overpass in Seosomun, western Seoul, which has been gradually removed since last Summer and is scheduled to be fully demolished by early next month. At least three were dead, several were injured, and rescuers are still sea May 26, 2026

YouTuber faces arrest warrant in defamation case against Kim Soo-hyun SEOUL, May 26 (AJP) - Kim Se-eui, the head of YouTube channel Garo Sero Institute, also known as HoverLab, is facing an arrest warrant over defamation allegations and other charges involving actor Kim Soo-hyun. Kim appeared at the Seoul Central District Court at around 10:30 a.m. on Tuesday, where he denied all charges, adding that he would file a complaint against the police officers and prosecutors handling the case. "I do not admit to any of them," Kim said before en May 26, 2026

BOK to hold rate for yearlong this week and hike growth target SEOUL, May 26 (AJP) - The Bank of Korea is widely expected to hold the benchmark rate at 2.50 percent, unchanged for a year, while sharply raising its 2027 growth outlook to around 2.5 percent from 2 percent to lay the groundwork for eventual tightening against mounting inflationary pressures from elevated energy prices, rising wages and overheated asset markets as the AI boom cushions the economy from the prolonged Gulf crisis. An AJP poll on economists found unanimous expectations May 26, 2026

AJP Focus: Asia's energy shock far from over despite Hormuz reopening talks SEOUL, May 26 (AJP) - South Korea and other Asian economies heavily dependent on Gulf energy supplies are bracing for prolonged disruptions even as diplomatic momentum builds toward a potential reopening of the Strait of Hormuz, with analysts warning that supply chains, refining operations and shipping flows could take months to normalize. Iran is expected to allow commercial shipping through the strait about 30 days after a peace agreement with Washington is finalized, Nikkei repo May 26, 2026

Taiwan overtakes India as world's fifth-largest stock market on TSMC-led AI rally SEOUL, May 26 (AJP) - Taiwan's stock market has edged past India to become the world's fifth-largest, propelled by a surge in Taiwan Semiconductor Manufacturing Co. that underscores how the global rally in artificial-intelligence stocks is reshaping the hierarchy of world markets. Taiwan's market capitalization reached $4.95 trillion as of Monday's close, according to a Bloomberg tally, narrowly surpassing India's $4.92 trillion — a margin of about $30 bill May 26, 2026