Ahead of the opening of a new library dedicated to unification and North Korea, posts falsely claimed the South Korean government was indirectly providing support to Pyongyang by spending nearly 50 …
South Korea bets $14B on AI as trillion-dollar race accelerates
According to the finance ministry of South Korea, it will set up a sovereign wealth fund worth more than 20 trillion won ($14 billion) on Friday to invest in strategic and advanced industries. It …
South Korea bets $14B on AI as trillion-dollar race accelerates
According to the finance ministry of South Korea, it will set up a sovereign wealth fund worth more than 20 trillion won ($14 billion) on Friday to invest in strategic and advanced industries. It …
South Korea conducts rare dollar-selling intervention, source says
By Yena Park and Jihoon Lee SEOUL, July 31 (Reuters) – South Korea’s foreign exchange authorities conducted a rare dollar-selling intervention on Thursday, sending the won to a nine-month high, a …
South Korea conducts rare forex intervention alongside Japan, source says
By Yena Park and Jihoon Lee SEOUL, July 31 (Reuters) – South Korea’s foreign exchange authorities conducted a rare dollar-selling intervention on Thursday, sending the won to a nine-month high, a …
‘Lost my apartment fund, feel like dying’: South Korean retail investors recount massive losses in KOSPI crash
South Korean investors are sharing stories of massive losses after the KOSPI’s sharp decline erased billions in wealth. Some lost apartment funds, while others saw years of savings disappear.
Samsung reports record profit as South Korean chip giants benefit from global AI boom
South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a day after crosstown rival SK Hynix also …
South Korea curbs may not save investors slaughtered by $2 trillion rout
By Cynthia Kim SEOUL, July 30 (Reuters) – South Korea’s efforts to rein in the leveraged products wreaking havoc in its financial markets may not go far enough to quell skyrocketing volatility, …
Why South Korea’s Finance Minister Apologized After Retail Investors Lost Billions in KOSPI Sell-Off
Finance Minister Koo Yun-cheol and the country’s top financial regulator issued public apologies in parliament on July 29 after single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix …
South Korea to cap investment in single-stock leveraged ETFs, ministry says
SEOUL, July 29 (Reuters) – South Korea will introduce additional curbs on single-stock leveraged exchange-traded funds (ETFs), including a cap that could limit an individual’s investment in such …