Market
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Is the Seoul stock party over or just cooling down?
SEOUL, August 14 (AJP) — South Korea's KOSPI has rebounded after a heavy crash in July. But the crazy roller-coaster ride has shifted to a duller plateau, with the main drivers quietly taking a back seat. The benchmark index flirted with 7,000 Friday, rebounding more than 30 percent from its late-July intraday low of 5,262.77. Yet trading activity and cash on standby remain well below the levels seen during the market frenzy in June. The ebb is evident. Investor de
August 14, 2026
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Foreigners lift KOSPI while other Asian market quiet
SEOUL, August 14 (AJP) -Foreign money kept buying Seoul for a fifth straight session Friday, but this time the leadership came from telecom and automakers rather than the two chipmakers that drove both the market's first-half rally and its July collapse. The KOSPI closed at 6,977.94, up 164.60 points, or 2.42 percent, ending the week 11.5 percent higher and edging back toward the 7,000 level it surrendered a month ago on July 13. Foreign investors bought a net 3.04 trillion won
August 14, 2026
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More Koreans see themselves as better off than Japanese
SEOUL, August 14 (AJP) - South Koreans increasingly see themselves having a higher standard of living than people in Japan, a survey released ahead of Liberation Day showed. According to a survey released Thursday by online polling platform Now & Survey, 37.2 percent held that view, compared with 23.3 percent who said people in Japan had a higher standard of living. The poll, conducted by South Korean IT company Elimnet Inc.’s survey platform, questioned 1,007 adults
August 14, 2026
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Fund inflows defy KOSPI rout, firms turn to banks
SEOUL, August 14 (AJP) - South Korean equity funds attracted 11.4 trillion won ($8.0 billion) in fresh money in July despite the steepest stock-market rout since 2008, while corporate bank loans increased by 7.7 trillion won as the bond market remained in net repayment. The benchmark KOSPI plunged 22.2 percent to 6,595 at the end of July from 8,476 a month earlier, marking its worst monthly performance since October 2008, the Bank of Korea said Friday in its monthly financial-mark
August 14, 2026
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SK hynix surges as KOSPI extends fifth-day rally
SEOUL, August 14 (AJP) - Seoul's memory trade ran into a fifth straight session Friday, with SK hynix jumping more than 5 percent after a U.S. flash memory maker's long-term margin targets pushed investors to reprice the storage cycle. The KOSPI traded at 6,944.14, up 1.9 percent, after pushing back above the 7,000 line early in the session and then slipping under it. The index added 130.80 points. Foreigners bought a net 572.8 billion won ($404.3 million) of Seoul sha
August 14, 2026
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KOSPI recovers above 6,800 as foreign buying fuels broader tech rally
SEOUL, August 13 (AJP) - South Korean stocks jumped more than 3 percent on Thursday as foreign investors returned to the market, extending the rally for a fourth straight session, with an artificial intelligence (AI)-driven rebound spreading beyond Samsung Electronics and SK hynix to chip equipment makers and other technology shares. The benchmark KOSPI closed at 6,813.34, up 234.30 points or 3.56 percent from the previous session. The index climbed as high as 6,895.63 during the da
August 13, 2026
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Korea's penny stocks face delisting clock
SEOUL, August 13 (AJP) — A little kindness can go a long way, but on South Korea's penny-stock boards this week, investors were wondering whether sympathy could go far enough to save a company from delisting. Online investment communities filled with anxious questions, angry recriminations and the occasional speculative wager after the Korea Exchange placed dozens of stocks under regulatory watch Wednesday in the first broad application of tougher rules aimed at pushing
August 13, 2026
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Satellite antenna maker jumps 41% in KOSDAQ debut
SEOUL, August 13 (AJP) — Shares of South Korean satellite communications equipment maker KNS Inc. surged on their KOSDAQ debut Thursday, trading more than 40 percent above their initial public offering price. The stock was trading at 15,480 won ($10.93) as of 2:37 p.m., up 40.73 percent from its IPO price of 11,000 won. It more than doubled to an intraday high of 24,600 won before giving back some of the gains. The strong debut comes as the company expands from commercial
August 13, 2026
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KOSPI surges 4.1% , outperforms in Asia amid chip-led rally
SEOUL, August 13 (AJP) - South Korean stocks surged Thursday morning, with the benchmark KOSPI jumping more than 4 percent above the 6,800 mark as foreign investors piled into semiconductor heavyweights, extending a rapid rebound from last month's market rout. The KOSPI stood at 6,847.66 as of 10:30 a.m., up 4.1 percent from the previous session. The index climbed as high as 6,895.63 after touching a low of 6,773.92, leaving an intraday trading range of 121.71 points. F
August 13, 2026
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LG Innotek enters MSCI Korea, four exit
SEOUL, August 13 (AJP) —LG Innotek will enter the MSCI Korea Index at the end of this month as the country's sole addition in the global index provider's August review, setting up potential passive-fund buying as four Korean companies are pushed out. LG Innotek shares rose following the announcement, trading 3.81 percent higher at 626,000 won ($443) on Thursday morning. MSCI said LG Innotek will be added to its Korea Standard Index, while HLB, LG Display, POSCO Inte
August 13, 2026