뉴스

[Editorial] Losing Seoul mayor’s race should be a wakeup call for Democrats

Program Selling Halted on KOSPI after KOSPI 200 Futures Plunge over 5%

[Economy] : Program selling was halted on the benchmark Korea Composite Stock Price Index(KOSPI) on Friday after the KOSPI 200 Futures index plunged more than five percent. According to the Korea Exchange, the “sidecar” mechanism was activated at around 9:08 a.m. in response to the KOSPI 200 Futures index losing ... [more...]

DP bags 9 by-election wins in 14 districts as Han Dong-hoon enters Assembly

The ruling Democratic Party of Korea claimed victory in nine constituencies out of 14 in Wednesday's National Assembly by-elections, but it was not enough to avoid losing ground in South Korea's legislature. The result was effectively the loss of four seats, as 13 out of 14 contested seats were previously held by the Democratic Party in the National Assembly. The People Power Party flipped three seats, while the other went to prosecutor-turned-politician Han Dong-hoon, a conservative who ran as

Ballot shortage delays poll closing in parts of Seoul

A digital watch shows 6:54 p.m. on Wednesday as voters line up at a polling station in Garak-dong, Songpa-gu, Seoul, where ballot shortages delayed voting past the scheduled 6 p.m. closing time. (Yonhap)

KOSPI Surges to Fresh High above 8,800 on Tuesday

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) surged to another record high on Tuesday, closing above the eight-thousand-800 mark for the first time. The KOSPI rose 13-point-11 points, or zero-point-15 percent, on Tuesday to close at a record high of eight-thousand-801-point-49. While ... [more...]

KOSPI Fluctuates after Breaking 8,900 in Intraday Trading

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) continutes to fluctuate after breaking eight-thousand-900 points for the first time in intraday trading. The KOSPI had dropped 67-point-two points, or zero-point-76 percent, from the previous session’s closing and stood at ... [more...]

KOSPI Surges to Fresh High above 8,780 on Monday

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) surged to another record high on Monday, closing above the eight-thousand-780 mark for the first time. The KOSPI jumped 312-point-23 points, or three-point-68 percent, to close at a new high of eight-thousand-788-point-38. The KOSPI opened at ... [more...]

Woori Bank bets on SME succession as new growth pillar

Woori Bank is pushing into corporate succession for small and medium-sized companies as a new banking frontier, casting it as an economic issue tied to jobs, technology and supply chain stability as Korea's first-generation founders age without clear successors. At a press conference Monday in Seoul, CEO Jung Jin-wan said the bank would support what it calls "productive corporate succession" to prevent viable companies from closing or downsizing. "Corporate succession is not just a priority for

KOSPI Surges to Fresh High Above 8,400

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) surged to another record high on Friday, closing above the eight-thousand-400 mark for the first time. According to the Korea Exchange, the KOSPI jumped 290-point-86 points, or three-point-55 percent, to close at a new high of ... [more...]

Seoul shares open strong on eased Middle East tensions

South Korean stocks opened sharply higher Friday following reports that the United States and Iran have reached an agreement to extend the current ceasefire. The benchmark Korea Composite Stock Price Index added 217 points, or 2.65 percent, to 8,402.29 in the first 15 minutes of trading. The index fell 0.53 percent Thursday after closing over the 8,200-point level two days prior. Investors were boosted by overnight reports that Washington and Tehran had agreed to a memorandum of understanding to

KOSPI Hits New All-Time High on Wednesday, 1 Day after Surpassing 8,000 Mark

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) posted an all-time high again on Wednesday, a day after closing above the eight-thousand mark for the first time. The KOSPI rose two-point-25 percent to close at a new high of eight-thousand-228-point-70 on Wednesday. The figure, at one point, ... [more...]

GC Biopharma sells US vaccine unit to Eli Lilly in $1.5b deal

GC Biopharma said Wednesday that it would transfer its US affiliate Curevo Vaccine to Eli Lilly and Company in a deal worth up to $1.5 billion. Under the agreement, Lilly will acquire all shares of Curevo and secure rights to amezosvatein, the affiliate’s herpes zoster vaccine candidate currently under development. The deal includes an upfront payment upon closing as well as milestone payments tied to future development and commercialization achievements, GC Biopharma said. The company said the

Wegovy, Mounjaro face tighter controls in Korea

The South Korean government is moving to tighten access to injectable obesity medications, closing prescription loopholes and cracking down on overseas purchases amid misuse concerns. According to the Ministry of Food and Drug Safety on Wednesday, the ministry is working to designate glucagon-like peptide-1 obesity treatments as drugs of concern for abuse. Wegovy and Mounjaro, which have been selling rapidly in Korea, are included in the planned designation. These medications mimic the GLP-1 hor

KOSPI Soars above 8,400 for First Time in Intraday Trading; Program Buy Orders Halted

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) has broken eight-thousand-400 points in intraday trading, after closing above the eight-thousand mark for the first time on Tuesday. The KOSPI had gained 400-point-18 points, or four-point-97 percent, from the previous session’s closing and stood at ... [more...]

SK hynix cuts staff turnover to 1% as Samsung lags: study

Two of the world's largest memory chipmakers are riding the same artificial intelligence boom, but in recent years one has held on to its workers far more tightly than the other. A study released Tuesday by corporate research firm Leaders Index found that by 2024, staff turnover at SK hynix had fallen to roughly 1 percent, while rival Samsung Electronics was losing staff at more than 10 times that rate. Part of the gap could be due to differences between the two firms' areas of operation. While

KOSPI Climbs Above 8,000 after 6 Trading Sessions

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) has climbed back above eight-thousand points, after setting the milestone on May 15. The KOSPI had jumped 204-point-38 points, or two-point-six percent, from the previous session’s closing and stood at eight-thousand-52-point-09 as of 9:02 a.m. ... [more...]

Samsung eyes record Q2 profit as union votes on wage deal

Samsung Electronics is forecast to post its strongest quarterly results on record in the second quarter, as a memory market reshaped by AI demand keeps prices climbing even as the wage settlement that pulled the company back from a strike still awaits a ratification vote closing Wednesday. According to financial data provider FnGuide, the analyst consensus for the April-June quarter stands at 165.48 trillion won ($109.7 billion) in revenue and 85.25 trillion won in operating profit, up 121.9 per

Mungiu's 'Fjord' Wins Palme d'Or at Cannes, S. Korea's 'Hope' Misses Out

[Culture] : Romanian director Cristian Mungiu's film "Fjord" won the Palme d'Or at the 79th Cannes Film Festival, while South Korean director Na Hong-jin's "Hope" left without an award. "Fjord" was announced as the top prize winner during the closing ceremony Saturday at the Grand Théâtre Lumière in ... [more...]

Tetradracma

Dracma is an Ancient Greek currency unit, and Tetra dracma was equivalent to four dracma. This silver coin was produced in Athens during the Golden Age of Ancient Greece (454~404 BC), from winning the Greco-Persian Wars to losing the Peloponnesian War to collapse. The Athenian Tetra dracma was stamped with Athena, the Goddess of War and a guardian of Athens, on the obverse, and on the reverse the image of the owl, the symbol of wisdom. A crescent for the moon and a sprig of olive were placed around the owl's head, and the three syllables which stands for "of the Athenians" on the right. The coin found wide usage for trade in the Mediterranean Region.