Seoul to rewrite Kosdaq with tax breaks, listing reforms

South Korea is moving to revamp its Kosdaq market, pairing tax incentives aimed at institutional investors with listing reforms designed to revive t...

Korea presidential office convenes FX meeting with top exporters as it eases FX rules

South Korea’s presidential office on Thursday convened an emergency meeting with executives from seven of the country’s largest conglome...

Seoul weighs Kosdaq split from Kospi to invigorate lagging junior market

South Korean policymakers are weighing a far-reaching reform of the country’s stock market structure that would separate the Kosdaq from its l...

North Korean hacking group Lazarus blamed for $30 million crypto exchange Upbit heist

South Korean authorities have pinned responsibility for a 44.5 billion won ($30 million) hack on Upbit, the country’s largest cryptocurrency e...

Seoul to introduce tax incentives to revitalize Kosdaq market

After helping ignite a rally in the Kospi under South Korea's President Lee Jae Myung’s pro-market tilt, Seoul is turning its reform agenda to...

Policymakers explore ways to trigger NPS’ FX hedging as won slides to fresh 7-month low

South Korea has convened a four-party consultation body involving the National Pension Service (NPS), the nation’s largest institutional inves...

Seoul to finance $200 bn US investment with forex earnings, state-backed bond issues

South Korea has decided to finance its $200 billion US investment package through foreign-exchange earnings and newly issued government-guaranteed b...

Seoul, Washington strike tariff deal, agree on $20 billion annual cash investment cap

GYEONGJU – South Korea and the US reached a sweeping agreement on tariff, trade and investment terms on Wednesday, capping months of difficult...

World’s largest crypto exchange Binance officially enters South Korea

Binance, the world’s largest cryptocurrency exchange, has completed its long-delayed acquisition of South Korean crypto exchange Gopax, markin...

World’s first leveraged SK Hynix ETF debuts in Hong Kong

A leveraged exchange-traded fund tracking SK Hynix Inc. began trading in Hong Kong on Thursday, marking the world’s first such product linked ...

Korea Exchange to cut trading fees for 1st time in 2 decades as Kospi soars past 3500 to record high

The Korea Exchange (KRX) will slash stock trading fees by up to 40% in December, marking the first overhaul of its pricing structure since the bours...

Japan’s Ishiba plans farewell visit to S.Korea for summit with Lee

Japanese Prime Minister Ishiba Shigeru is expected to visit South Korea at the end of September for his final summit with President Lee Jae Myung be...

Naver set to bring Dunamu under wing in stablecoin drive

Naver Corp., South Korea’s platform powerhouse, is seeking to fold Dunamu Inc., operator of the world’s fourth-largest crypto exchange U...

Seoul’s finance chief to discuss currency swap proposal with US Treasury Secretary Bessent

NEW YORK – South Korea’s finance minister will hold talks with his US counterpart in New York on Wednesday, in a meeting expected to foc...

Korea risks hitting rate floor, nullifying monetary policy: BOK governor

WASHINGTON, D.C. – South Korea needs to prepare for its benchmark interest rates to fall to levels so low that the central bank would have lim...

S.Korea to debut fractional exchanges, unlocking new investment market

South Korea is gearing up to fully embrace tokenized securities as the country is set to open a new exchange for fractional investing. The Finance S...

Overseas equity boom lifts foreign currency deposits to record levels in South Korea

South Korea’s securities firms are sitting on record levels of foreign currency deposits as retail investors pile into overseas securities, pr...

LG launches ChatExaone AI beta service, available soon for enterprise use

South Korea’s fourth-largest conglomerate LG Group has made its artificial intelligence chatbot, ChatExaone, available to external users, sign...

Korean entertainment stocks advance, unfazed by US tariff concerns

South Korean entertainment and gaming stocks climbed on Friday, defying a broader market drop as investors sought refuge in sectors seen as immune t...

All listed stocks to be available for shorting in South Korea

South Korea will allow short selling of all listed stocks in the country as of Monday for the first time in five years, raising expectations of more...

Korea’s Nextrade stock exchange debuts; YG Entertainment tops 1st day

South Korea’s first alternative stock exchange Nextrade (NXT) started trading on Tuesday, challenging the Korea Exchange’s (KRX) long-st...

Gaming company NXC looks to unload stroller maker Stokke

NXC Corp., the holding company of South Korea’s Nexon Games Co., is looking to unload Stokke AS, a premium baby stroller brand, for around 700...

Dunamu slapped with 3-month business suspension order

Dunamu Inc., the operator of South Korea’s largest cryptocurrency exchange Upbit, has been hit with a three-month partial business suspension ...

Korean investors abandon savings, stocks for cryptocurrencies

Money is rapidly shifting to cryptocurrency markets in South Korea as lower interest rates and lackluster stock prices reduce the investment appeal ...

Alternative stock exchange Nextrade to launch on March 4

Nextrade, South Korea’s first alternative stock exchange, enabling trading of stocks listed on the Kospi and the Kosdaq for 12 hours a day is ...

Bank of Korea seen cutting interest rates by 25 bps in January

The Bank of Korea (BOK) is widely expected to cut interest rates by 25 basis points on Thursday amid the nation's softening economy and moderating i...

Korea seeks to ease fintech ownership, crypto regulations

South Korea’s top financial regulator has proposed loosening restrictions on financial holding companies’ ownership of fintech platforms...

South Korea’s forex reserves drop to 5-year low in 2024

South Korea’s foreign exchange reserves shrank to a five-year low at the end of last year after the country’s foreign exchange authoriti...

NPS initiates strategic currency hedging to unleash up to $48.2 billion

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to beg...

Koreans flock to cryptos amid Trump-fueled crypto craze

The number of South Koreans investing in cryptocurrencies recently broke past 15 million — about 30% of the country’s population —...