Market
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Samsung SDS employees asked to replace cash bonuses with treasury stock
SEOUL, June 26 (AJP) — Samsung SDS is seeking employee approval to replace cash performance bonuses with company stock after a landmark Supreme Court ruling recognized such bonuses as wages. According to multiple industry sources on Friday, the company has begun a vote on a proposal to abolish its current cash incentive program and instead award annual performance bonuses entirely in the form of Samsung SDS shares. The vote is scheduled to close on June 29. The proposal
June 26, 2026
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KOSPI and Nikkei under profit-taking pressure
SEOUL, June 26 (AJP) — South Korean and Japanese shares fell Friday on broad profit-taking after the previous session's Micron Technology-fueled chip rally, while oil prices, which had returned to prewar levels, turned higher on reports of a suspected attack near the Strait of Hormuz. As of 10:16 a.m., the benchmark KOSPI was down 2.72 percent at 8,687.50. The junior KOSDAQ fell 1.08 percent to 878.20. Japan's Nikkei 225 declined 3.0 percent to 70,174.53. In Se
June 26, 2026
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Foreign 'Sell Korea' tops $30 bn in May, 10 times '25 outflow
SEOUL, June 26 (AJP) — Foreign investors sold a record 47 trillion won ($30.5 billion) worth of Korean stocks in May, pushing their net sales in the first five months 10 times their 2025 annual outflow and explaining the stubbornly weak won versus the U.S. dollar, data showed Friday. Despite their heavy selling, their holdings in Korean shares and share in market cap surged to a record high to reflect their cherry-picking in heavyweight blue chips. According to data rel
June 26, 2026
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KOSPI, Nikkei 225 refueled by revived chip fever
SEOUL, June 25 (AJP) — The KOSPI moved to the brink of reclaiming the 9,000-point milestone amid a tense market rivalry between the country's two chip heavyweights, while the junior KOSDAQ sank further as bets narrowed on chip infrastructure. The benchmark KOSPI closed up 5.42 percent at 8,930.30 after briefly climbing above the 9,000-point threshold during afternoon trading. Trading was volatile throughout the session. A buy-side sidecar was triggered shortly after t
June 25, 2026
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US assets make up nearly half of Korea's external financial holdings
SEOUL, June 25 (AJP) - South Korea's financial exposure to the United States topped $1 trillion for the first time last year as Wall Street's rally deepened the country's tilt toward Uncle Sam assets. The Bank of Korea said Thursday that Korea’s external financial assets, excluding reserve assets, rose by $344.8 billion from a year earlier to $2.44 trillion at the end of 2025. The United States accounted for $1.15 trillion, or 47.1 percent of the total, t
June 25, 2026
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Chip rally resumes on hynix ADR news and Micron earnings, KOSPI up 5%
SEOUL, June 25 (AJP) — South Korean stocks surged toward reclaiming the 9,000 milestone as chip stocks were refueled by multiple catalysts, from Micron Technology's blowout earnings to SK hynix's Nasdaq listing plan and Samsung Electronics' massive buyback program. The benchmark KOSPI opened 5.55 percent higher and was up 5.61 percent at 8,946.02 as of 9:36 a.m. The junior KOSDAQ opened 1.10 percent higher before easing to 913.47, up 0.46 percent. Samsung Elec
June 25, 2026
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Leverage handover arrives even as KOSPI party goes on
SEOUL, June 24 (AJP) - South Korea's stock market is hot, volatile and increasingly dependent on borrowed momentum. Government-approved leveraged exchange-traded funds have added another layer of risk, producing side effects within weeks of their launch and prompting an unusual public mea culpa from regulators. Single-stock leveraged ETFs tied to Samsung Electronics and SK hynix, which allow investors to bet on twice the daily movement of the shares, plunged 24 to 25 percent d
June 24, 2026
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Korea's migration to developed status rejected and the won is why
SEOUL, June 24 (AJP) - The stock market rebounded, but the Korean won slipped deeper toward crisis-era lows after South Korea once again failed to make MSCI's developed-market watchlist, a sober reminder that the currency - not the equities - is the stumbling block to an upgrade. The KOSPI has quadrupled over the past 18 months to become one of the world's best-performing equity markets since 2025, but its rally alone was not enough. For years, Seoul has tried to secu
June 24, 2026
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KOSPI rebounds day after record crash
SEOUL, June 24 (AJP) - South Korea's benchmark KOSPI rebounded 3.3 percent to close at 8,471.02 on Wednesday, standing apart from a mixed regional session a day after its record crash. The index rose 267.18 points, recovering less than a third of the 910.71 points it lost on Tuesday. The junior KOSDAQ gained 2.0 percent to 909.31. Samsung Electronics powered the bounce, jumping 9.8 percent after it was reported to be mulling a record buyback of $65 billion buyback scheme, while
June 24, 2026
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KOSPI snaps back from record crash
SEOUL, June 24 (AJP) - The KOSPI snapped back at Wednesday's open, following a script Korean investors have come to expect, the market's worst one-day crashes are almost always met by a rebound, as retail buyers piled in even while foreign and institutional investors kept selling. The benchmark rose 3.5 percent, recovering roughly a third of the 910.71 points it lost in Tuesday's record plunge. Samsung Electronics led, jumping 7.4 percent to 333,000 won ($217), whi
June 24, 2026