Market
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Korean shares outperform Asian peers, while Tokyo pauses
SEOUL, February 11 (AJP) – South Korean shares gained upward traction as institutions renewed buying after a correction last week, outperforming China-related markets weighed down by latest data renewing stagflation concerns. China’s consumer inflation rose less than expected in January while the deflation in producer prices persisted, in a sign of continued deflationary pressure in the absence of stronger stimulus. The consumer price index rose 0.2% in January fr
February 11, 2026
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Stocks are hot, but apartments are hotter in South Korea
SEOUL, February 10 (AJP) - Stocks are hot in South Korea, but Seoul apartments remain hotter, as data shows profits from record market surge are increasingly being redirected into property purchases. Between July and December last year—after the government unveiled a package of housing market curbs in June—2.09 trillion won ($14.4 billion) was withdrawn from stocks and bonds to finance home purchases, according to data obtained from the Ministry of Land, Infrastructure
February 10, 2026
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Coupang's data breach far worse than initially reported, probe finds
SEOUL, February 10 (AJP) - About 33.67 million users were affected by e-commerce giant Coupang's massive data leak late last year, a joint probe revealed on Tuesday. The probe, led by the Ministry of Science and ICT along with private agencies, found that about 33.67 million users' names, phone numbers, e-mail addresses and other details were exposed. Since users could save other people's information such as family members' details on their accounts for orders, the m
February 10, 2026
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Asian markets advance on Japan-led risk rally; Korean stocks mixed
SEOUL, February 10 (AJP) - Asian markets rose Tuesday after Japan’s postelection surge extended into a second session, setting the tone for regional trading as South Korean stocks lagged the rally. Japan’s Nikkei 225 jumped 2.3 percent to close at 57,650.5, marking a second straight record. The benchmark has risen more than 6 percent in the two days since the election, as investors welcomed policy continuity and prospects for aggressive fiscal support. Elsewhere, Ch
February 10, 2026
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FSS probes Bithumb following "ghost coin" scandal
SEOUL, Feb 10 (AJP) -The Bithumb mispayment case is emerging as a major test for South Korea’s virtual asset regulatory system, as financial authorities move to use the findings to shape tougher oversight and future legislation. The Financial Supervisory Service (FSS) said Tuesday that it is focusing on whether Bithumb’s internal control systems complied with the Act on the Protection of Virtual Asset Users, particularly rules requiring exchanges to hold virtual assets
February 10, 2026
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AI rally, election boost lift Asian stocks led by Japan
SEOUL, February 10 (AJP) - Asian stocks extended gains Tuesday, led by Japan, as investor sentiment improved on a powerful mix of artificial intelligence enthusiasm and political clarity following a landslide election victory for the country’s ruling camp. Japan’s Nikkei 225 climbed more than 2 percent as uncertainty eased after Prime Minister Sanae Takaichi’s decisive win strengthened confidence in her “Strong Japan” economic agenda. Heavyweight tech
February 10, 2026
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Bithumb scandal sparks deep skepticism over Korea's crypto exchange systems
SEOUL, Feb 09 (AJP) - A “fat finger” blunder at Bithumb, South Korea’s second-largest cryptocurrency exchange, has become a windfall for a few and a nightmare for many, involving more than $40 billion in erroneous transactions and raising fresh concerns over the safety of crypto trading in Korea. At around 7 p.m. KST last Friday, a staff member attempted to distribute 620,000 won in prize money but mistakenly transferred 620,000 won worth of Bitcoin instead&mdash
February 9, 2026
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Assured leadership in Japan and AI bet refuel Asian markets
SEOUL, February 09 (AJP) - Reinforced political leadership in Japan and renewed optimism over artificial intelligence helped refuel Asian equities on Monday, reversing much of last week’s sharp selloff. Japan’s Nikkei 225 jumped after the ruling Liberal Democratic Party secured a landslide election victory, strengthening support for Prime Minister Sanae Takaichi and her “strong Japan” agenda. The Nikkei closed up 2.9 percent at 56,363.9, after briefly br
February 9, 2026
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CJ CheilJedang Q4 profit drops 15 pct on weak domestic sales
SEOUL, February 09 (AJP) - CJ CheilJedang said fourth-quarter operating profit fell about 15 percent from a year earlier as weak domestic consumption offset gains from its overseas food business. Operating profit for the three months ended December reached 181.3 billion won ($124 million), down from 219.9 billion won a year earlier, according to regulatory filings on Monday. Revenue rose about 1 percent to 4.54 trillion won. For the full year, CJ CheilJedang posted revenue of 17.
February 9, 2026
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Nikkei tests new highs after sweeping Takaichi win, Seoul recoups last week's rout
SEOUL, February 9 (AJP) — Asian markets joined the celebration of a landslide victory by Japanese Prime Minister Sanae Takaichi in a rare vote of confidence just three months after taking office, reinforcing expectations for a stimulus-focused economic agenda and a tougher stance toward China. Takaichi’s Liberal Democratic Party and its coalition partner, the Japan Innovation Party, won 354 of the 465 seats in the lower house, giving the ruling bloc a more than two-t
February 9, 2026