South Korea News: Latest Market and Industry Updates
South Korea sees chip boom lasting through 2027 amid tight supply
South Korea says strong semiconductor demand continues to support the country’s economic outlook despite sharp swings in chip shares. The finance minister says the supply-demand gap remains wide ...
Asian bond markets post biggest foreign outflow since March 2020
September brings the heaviest foreign selling of Asian bonds in more than six years as rising global yields weaken demand for emerging-market debt. Net withdrawals from bonds in five regional ...
Bitcoin rebounds above $82,000 as dip buyers return and Asian stocks recover
Risk appetite improves in Asian trading after a brief selloff pushes Bitcoin below $80,000 before buyers quickly step back in. The rebound comes as South Korean chip stocks and broader regional ...
Global hedge funds extend losses as AI trade unwind hits Asia-focused managers
Rising doubts over near-term returns from heavy artificial intelligence spending are driving a sharp retreat across hedge fund strategies this week. Asia-focused managers are leading the declines ...
Bitcoin pares losses as South Korea market shock hits crypto trading
Crypto markets come under renewed pressure as a sharp selloff in South Korean equities ripples across risk assets. Bitcoin rebounds from levels just above $80,000, while altcoins and crypto ...
Asian markets extend selloff as hot U.S. CPI hits AI stocks
Asian equities open lower on Thursday as stronger-than-expected U.S. consumer inflation reinforces expectations that the Federal Reserve may tighten policy later this year. The pressure is most ...
Asian chip and tech stocks slide as AI funding concerns deepen sell-off
Asian technology stocks are extending a broader global retreat as investors reassess how higher borrowing costs could affect spending on artificial intelligence infrastructure. The pressure is ...
Shinhan Bank covered bonds affirmed at AAA by Fitch with stable outlook
Shinhan Bank's mortgage covered bonds keep their top-tier rating after a periodic review of the programme covering about KRW2.2 trillion equivalent of issuance. The affirmation reflects continued ...
Crypto liquidations hit $803 million as SanDisk-linked contracts outpace XRP losses in chip selloff
A broad risk-off move across crypto and semiconductor-linked trades wipes out about $803 million in leveraged positions over 24 hours, with bullish bets accounting for the vast majority of losses. ...
Bitcoin rebounds as crypto decouples from Korean stock sell-off before U.S. CPI
Broader risk sentiment remains under pressure as Asian chip stocks tumble and oil prices stay elevated ahead of Thursday's U.S. inflation data. Even so, bitcoin recovers above $83,000 after an ...
South Korea signals near-term rate rise as yield gap with U.S. widens
South Korea faces mounting pressure to tighten monetary policy as borrowing costs in the U.S. move above domestic rates and global central banks maintain a hawkish stance. President Lee Jae Myung ...
South Korea expands crypto crackdown with 27 exchange websites blocked
South Korea is widening enforcement against unregistered virtual asset operators by extending access blocks from mobile apps to websites. The latest action covers 27 platforms, including KuCoin, ...
Asian stocks slide as oil, earnings outlook pressure technology shares
Asian share markets come under heavy pressure on Tuesday as rising oil prices and renewed geopolitical tensions drive investors away from technology stocks. The selloff also unfolds ahead of U.S. ...
Jeonbuk Bank starts issuing Bitcoin-backed business loans in South Korea
South Korea’s changing legal framework for digital assets is opening a path for banks to use cryptocurrency collateral in corporate lending. Jeonbuk Bank, a unit of JB Financial Group, has ...
Asian markets tread cautiously as earnings test tech valuations, oil eases
Investors in Asia open the week cautiously as a new earnings season approaches and elevated technology valuations come under closer scrutiny. Oil prices also turn choppy after strikes on shipping ...
Hackers use AI to attack South Korean banks and steal data
CrowdStrike researchers have uncovered a series of cyberattacks targeting South Korean financial institutions in which hackers used artificial intelligence tools to steal data. The attackers ...
South Korea probes major bank cyberattacks after wave of data breaches
A string of cyberattacks targeting South Korea’s largest banks has escalated into a nationwide security concern. Authorities are no longer looking at isolated incidents alone, but at how ...
Oil prices steer global markets as Middle East conflict offsets AI concerns
Investor sentiment in global markets is turning on oil price swings as hopes for a near-term pause in the Middle East conflict compete with the risk of fresh supply disruptions. Lower crude prices ...
HSBC backs higher SK Hynix valuation ahead of U.S. listing
SK Hynix is preparing for a U.S. stock market listing as the South Korean chipmaker looks to tap investor demand for companies tied directly to artificial intelligence infrastructure. The ...
Chip stocks pullback seen as buying opportunity after sharp market sell-off
A steep retreat in semiconductor shares is reviving a familiar debate over whether investors should add exposure after a fast rally. The latest drop follows a broad tech sell-off tied to weakness ...
South Korea crypto remittances rose 380% in three years
The volume of overseas transfers through cryptocurrency platforms in South Korea increased by 380% over the past three years. This growth significantly outpaced traditional bank remittances as ...
