The review comes amid hopes that Seoul could be included in MSCI’s Developed Markets watchlist.
CNBC Daily Open: Tech rout, MSCI moves on Indonesia and South Korea in focus
Global sell-off in tech stocks continues to rattle markets which spilled over to precious metals amid worries of higher interest rates.
South Korea vows continued reforms for MSCI developed market inclusion
Relevant authorities said on the 24th regarding South Korea’s failure to be included in Morgan Stanley Capital International (MSCI)’s developed market index, “If we steadily pursue reforms in the …
AI rally hits a wall: South Korea’s Kospi plunges 10%, triggers trading halt
South Korea’s Kospi plunged nearly 10 per cent on Tuesday, triggering a trading halt as investors dumped AI-linked chip stocks such as Samsung Electronics and SK Hynix, raising concerns that the …
South Korea’s finance minister says current FX level ‘excessive’
SEOUL, June 23 (Reuters) – South Korea’s Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is …
SK Hynix soars to new heights, becomes South Korea’s most valuable company
Memory chipmaker SK Hynix (000660.KS) has accelerated ahead to become South Korea’s most valuable company with a market cap of $1.36 trillion. Yahoo Finance Tech Editor Dan Howley discusses SK Hynix’s …
Massive bonuses for South Korea’s chip workers puts central bank on inflation alert
Workers from tech industries receive bonus worth millions of won, prompting the Bank of Korea to warn of the upward pressure to inflation.
South Korea’s Lee says Trump open to considering phased approach to North Korea nuclear issue
By Joyce Lee and Kyu-seok Shim SEOUL, June 19 (Reuters) – South Korean President Lee Jae Myung said on Friday that U.S. President Donald Trump had agreed to consider his proposal to prioritise halting …
TIIF 2026: From airports to biotech clusters Uzbekistan and Korea scale up new industrial partnership
Uzbekistan and South Korea have agreed to establish industrial clusters, expand infrastructure cooperation and elevate investment partnerships across multiple sectors based on a series of agreements …
South Korea launches company to manage $350 billion US investment pledge
SEOUL, June 18 (Reuters) – South Korea launched a state-backed company on Thursday to help implement a $350 billion investment pledge in the United States, the centrepiece of a trade deal Seoul agreed …