Market

  • KOSDAQ cybersecurity stocks surge as bank hacks raise AI attack concerns
    KOSDAQ cybersecurity stocks surge as bank hacks raise AI attack concerns SEOUL, October 6 (AJP)— South Korean cybersecurity stocks surged Tuesday as a series of attacks on financial institutions and concerns over the possible use of artificial intelligence (AI) in hacking fueled expectations for stronger security spending. AhnLab, one of the country’s largest cybersecurity companies, which provides software and services to protect computers, networks and cloud systems, jumped 15.58 percent to close at 89,000 won ($65.50) on the junior KOSDAQ. October 6, 2026
  • No panic or bank runs after sweeping cyberattacks on Korean lenders
    No panic or bank runs after sweeping cyberattacks on Korean lenders SEOUL, October 06 (AJP) — Business continued as usual at South Korean bank branches Tuesday after a wave of cyberattacks disclosed over the long holiday weekend. For most customers, the immediate concern was whether their money was still there. Few cared to change their passwords or other account details, let alone withdraw their money. The breaches exposed a gap between banks’ heavily guarded transaction systems and the employee and partner services supporting them October 6, 2026
  • Foreigners sink KOSPI below 7,000; Nikkei tops 70,000
    Foreigners sink KOSPI below 7,000; Nikkei tops 70,000 SEOUL, October 6 (AJP) - Foreign investors dumped South Korea's memory chip giants again on Tuesday and pushed the Korea Composite Stock Price Index (KOSPI) back below 7,000. The slide came even as the Nasdaq hit an all-time high and Tokyo's Nikkei 225 closed above 70,000 for the first time in about three months. SK hynix fell 3.7 percent and Samsung Electronics 1.4 percent as foreigners sold a net 1.75 trillion won ($1.30 billion) of main-board shares. Brokers tied the se October 6, 2026
  • FSS identifies 19 IPs linked to financial cyberattacks
    FSS identifies 19 IPs linked to financial cyberattacks SEOUL, Oct. 6 (AJP) —Seoul has identified 12 countries and territories hosting 19 internet protocol (IP) addresses linked to a barrage of cyberattacks on the country’s financial sector, spanning major commercial banks, regional and online lenders, and brokerage houses. The addresses were traced to 12 countries and regions, including the United States, Japan, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Spain, Latvia, Sweden and Germany, according to fi October 6, 2026
  • Seoul stocks stall at 7,000 as Nasdaq rally skips memory
    Seoul stocks stall at 7,000 as Nasdaq rally skips memory SEOUL, October 06 (AJP) - An all-time closing high on the Nasdaq failed to lift South Korea's benchmark Korea Composite Stock Price Index (KOSPI) as Seoul reopened after a long holiday weekend. Foreign investors sold, and SK hynix tracked weak US memory peers rather than Nvidia. The KOSPI stood at 7,000.99 as of 9:27 a.m. after opening higher, down 2.75 points or less than 0.1 percent. Wall Street's rally came alongside U.S. 10-year Treasury yields at their highest s October 6, 2026
  • Korean investors turn to Japan on weak yen and AI boom
    Korean investors turn to Japan on weak yen and AI boom SEOUL, October 2 (AJP) — South Korean retail investors are increasingly looking across the Korea Strait as a stalling market at home and volatile U.S. bond prices turn their attention to Japan’s weak yen and expanding opportunities in the AI supply chain. South Korean investors bought $4.65 billion worth of Japanese stocks in the first nine months of 2026, up 94 percent from $2.40 billion a year earlier, according to the Korea Securities Depository (KSD). Purchases of October 2, 2026
  • Seoul stocks reclaim 7,000 as foreigners sell sixth day
    Seoul stocks reclaim 7,000 as foreigners sell sixth day SEOUL, October 02 (AJP) - South Korea's main stock index closed back above 7,000 on Friday for the first time since before the Chuseok holiday even as foreign investors sold for a sixth straight session. The Korea Composite Stock Price Index (KOSPI) rose 32.4 points, or 0.5 percent, to 7,003.7. Individuals sold a net 1.72 trillion won ($1.27 billion) and foreigners 143.8 billion won ($106.5 million). Institutional investors bought 381.4 billion won ($282.4 million). The gro October 2, 2026
  • KB Kookmin Bank reports data breach trailing Shinhan leak
    KB Kookmin Bank reports data breach trailing Shinhan leak SEOUL, October 2 (AJP) — KB Kookmin Bank, one of South Korea's largest commercial banks, reported a data breach that exposed about 100 customer records through unauthorized external access, following a much larger breach at another bank giant Shinhan a day earlier. KB Kookmin Bank recently confirmed that customer information had been exposed through unauthorized external access, according to financial authorities and industry sources Friday. After detecting signs of abn October 2, 2026
  • Seoul stocks stall as Samsung Electronics buyback winds down
    Seoul stocks stall as Samsung Electronics buyback winds down SEOUL, Oct. 2 (AJP) — The Korea Composite Stock Price Index (KOSPI) crawled toward 7,000 on Friday despite collective selling by foreign, institutional and retail investors. The market's floor now rests on corporate buying that Samsung Electronics has nearly finished. The main index in Seoul rose 11.7 points, or 0.2 percent, to 6,983.0. Foreign investors net sold 216.1 billion won ($159.0 million), putting them on course for a sixth straight session of selling. Samsun October 2, 2026
  • KOSPI jumps nearly 2% on chip rally, U.S. investment deal
    KOSPI jumps nearly 2% on chip rally, U.S. investment deal SEOUL, October 01 (AJP) — South Korean stocks rebounded nearly 2 percent Thursday as Micron Technology's stronger results lifted semiconductor shares, while nuclear and steel stocks gained on new U.S. energy investment projects. The benchmark KOSPI closed higher at 6,971.35, up 1.95 percent from the previous session. The index opened 0.34 percent lower at 6,814.49 and fell as low as 6,765.06 before reversing higher through the session. Institutions bought a net 334.4 b October 1, 2026