KOSPI extends rally despite global headwinds and profit-taking SEOUL, February 24 (AJP) - Korean stocks extended their upward momentum Tuesday despite a choppy start, shrugging off overnight losses on Wall Street driven by tariff uncertainty and rising Middle East tensions. Seoul’s benchmark KOSPI advanced 1.42 percent to a fresh all-time high of 5,929.14 as of 11:15 a.m., while the KOSPI 200 gained 1.66 percent to 880.21. Overnight in the United States, the Dow Jones Industrial Average fell 1.7 percent, the Nasdaq dropped 1.1 perc February 24, 2026

Korea's consumer confidence strongest in 3 mo Feb on buoyant stocks and exports SEOUL, Feb. 24 (AJP) — South Korea’s consumer confidence rose to its strongest level in three months in February, buoyed by a robust stock market and resilient exports, central bank data showed Tuesday. According to the Bank of Korea, the composite consumer sentiment index (CCSI) stood at 112.1 in February, up from 110.8 in January and 109.8 in December. A reading above 100 indicates that optimism outweighs pessimism compared with the long-term average. The inde February 24, 2026

Coupang expresses regret amid US House probe SEOUL, February 24 (AJP) - Coupang has expressed "regret" that a dispute over alleged unfair treatment in South Korea prompted a U.S. House investigation. In a statement on Monday, "We regret the circumstances in Congressional deposition, and we remain committed to seeking a constructive resolution," said Robert Porter, Coupang's chief global affairs officer. "More broadly, Coupang hopes to be able to serve as February 24, 2026

Kbank draws $7.3 bn in pre-IPO deposits ahead of planned KOSPI debut SEOUL, February 24 (AJP) - Kbank, South Korea’s first internet-only lender, has attracted more than $7 billion in pre-initial public offering deposits as it prepares to become the first major IPO of 2026 on the KOSPI, the world’s best-performing equity market this year. The bank wrapped up a three-day pre-IPO offering to retail investors on Monday, posting a subscription competition ratio of 136 to 1. About 9.85 trillion won ($7.3 billion) in deposits were raised, wi February 24, 2026

Rate inaction likely in upcoming BOK meeting amid growing uncertainties SEOUL, Feb 23 (AJP) - The Bank of Korea is widely expected to keep its benchmark interest rate unchanged on Thursday, hemmed in by political uncertainty abroad, domestic financial imbalances and a governorship nearing the end of its term. Since cutting rates to 2.5 percent in May last year, the BOK has remained on hold. That pause reflects a series of overlapping constraints: political turbulence triggered by impeachment fallout, renewed U.S. trade pressure, inflation risks from a February 23, 2026

KOSPI briefly tops 5,900 as individuals offset foreign selloff SEOUL, February 23 (AJP) - Korean stocks closed higher Monday after briefly touching the 5,900 mark for the first time, although heavy foreign selling erased much of the early advance. The benchmark KOSPI rose 0.7 percent to finish at 5,846.1, after surging 2.1 percent in early trade to hit an all-time high of 5,931.9. The index later slipped down to 5,846.1 before the trading session ended. The KOSPI 200 gained 0.7 percent to 865.5. Volatility intensified as foreign investors February 23, 2026

BOK governor sees economic recovery despite last year's stagnation SEOUL, Feb 23 (AJP) - South Korea’s central bank expects economic growth in 2026 to rise significantly compared to the previous year, despite last year’s performance falling short of initial market expectations. "Despite uncertainties surrounding US tariff policies, domestic demand is recovering on the back of favorable consumer sentiment, while exports continue their upward trend led by the robust semiconductor sector," BOK Governor Rhee Chang-yong stated du February 23, 2026

Korean sovereign wealth fund reaps 13.91% return in 2025, AUM at record high SEOUL, February 23 (AJP) -Korea Investment Corporation (KIC) posted a double-digit investment return in 2025 thanks to global equity rally that bolstered its assets under management to a record high. The sovereign wealth fund said Monday that it recorded an annual return of 13.91 percent last year, while its 10-year annualized return from 2016 to 2025 stood at 7.07 percent. Total assets under management (AUM) rose to $232 billion, driven by net investment gains of $28.5 billion. February 23, 2026

KOSPI unfazed in record-setting solo rally despite U.S. tariff flip-flop SEOUL, February 23 (AJP) — Korean stocks extended their record-setting rally on Monday, showing little sign of disruption from renewed U.S. tariff uncertainty as the benchmark index moved closer to the 5,900 mark while several major Asian markets remained closed. The main KOSPI briefly tested 5,900, extending its roughly 40 percent advance in the first two months of the year. As of 10:54 a.m., the index was up 1.17 percent at 5,875.12. The tech-heavy KOSDAQ rose 1.16 percent February 23, 2026

Exports in February soar to record high on AI chip demand SEOUL, February 23 (AJP) - Exports in February have hit a record high, fueled by strong demand for semiconductor chips. According to preliminary data released by the Korea Customs Service on Monday, outbound shipments for the first 20 days of this month stood at US$43.52 billion, up 23.5 percent from a year earlier, the highest for the period. The previous record was $43 billion, set during the same period in December last year. Semiconductors led the increase as artificial intel February 23, 2026