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The Korea Herald

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S. Korea posts second-largest current account surplus in April: BOK

South Korea posted its second-largest monthly current account surplus in April, driven by strong exports of semiconductors, central bank data showed Friday. The current account surplus totaled $28.29 billion in April, down from an all-time high of $37.93 billion in March, according to the data from the Bank of Korea. Compared with the same month a year earlier, the figure surged from $4.51 billion, marking the second-largest monthly surplus on record after the March figure. South Korea has repor

The Korea Herald

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Incumbent mayor Oh Se-hoon leads Seoul race in dramatic late surge

People Power Party candidate and incumbent Seoul Mayor Oh Se-hoon is leading the closely contested Seoul mayoral race in Wednesday’s local elections. As of 8:00 a.m. Thursday, with 95.83 percent of votes counted, Oh secured 48.77 percent, narrowly ahead of Democratic Party of Korea candidate Jung Won-oh, who had 48.51 percent. Oh, who had trailed the liberal candidate since vote counting began the previous day, rapidly closed the gap as ballots from conservative-leaning districts south of the Ha

The Korea Herald

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OECD revises up S. Korea's 2026 growth outlook to 2.6%

The Organization for Economic Cooperation and Development on Wednesday raised South Korea's economic growth outlook for this year to 2.6 percent from 1.7 percent three months earlier, citing the country's robust chip exports amid the artificial intelligence boom. The Paris-based organization said the country's outbound shipments of chips are expected to continue driving economic growth. South Korea's exports surged 53 percent from a year earlier to a new monthly high of $87.8 billion in May, dri

The Korea Herald

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문화/연예

Foreign hotel bookings in Busan surge ahead of BTS concert

The number of hotel reservations booked by foreign tourists in the southeastern port city of Busan rose sharply ahead of next week's concert by K-pop sensation BTS, industry sources said Wednesday. According to Hanwha Hotels & Resorts, foreigners accounted for 42 percent of the rooms booked at its Matie Osiria hotel in the port city from June 11 to 13, up sharply from 0.2 percent during the same period last year. BTS' performances in Busan will take place June 12-13. Hanwha Hotels added that the

KBS World (English)

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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...]

The Korea Herald

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Doosan Robotics extends rally on Huang's Korea robotics push

Doosan Robotics shares jumped again Tuesday after Nvidia chief executive Jensen Huang singled out robotics as a focus for the chipmaker's possible investment in South Korea. The stock was trading at 157,900 won ($104.12) per share by midday Tuesday on the Korea Exchange, up 14.09 percent from the previous session. The gain came on top of a 29.95 percent surge Monday, when the stock hit its daily price ceiling. Korean exchanges cap single-day moves at 30 percent. Speaking late Monday at a dinner

The Korea Herald

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산업/기업

Seoul shares sharply down late Tue. morning on profit-taking

South Korean stocks traded lower late Tuesday morning as investors rushed to cash out market heavyweights, bucking overnight gains on Wall Street. Opening a tad higher, the benchmark Korea Composite Stock Price Index was down 188.63 points, or 2.15 percent, to 8,599.75 as of 11:20 a.m. Overnight, US stocks finished higher, with major indexes reaching fresh record highs as a rally in tech shares lifted market sentiment. US chip giant Nvidia surged more than 6 percent after CEO Jensen Huang unveil

The Korea Herald

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Rescene rides YouTube buzz to chart resurgence

Rescene is enjoying an unlikely chart resurgence as "Love Attack," the lead track from the group's first EP "Scenedrome," released in August 2024, continues to climb major Korean music charts nearly two years after its release. The renewed interest follows the viral success of member Woni's personal YouTube channel, "Hello I am Woni Nice To Meet You." Videos featuring fellow members Minami and Zena taking on gyaru, Japanese fashion subculture, and regional dialect concepts, respectively, have re

KBS World (English)

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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...]

The Korea Herald

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경제

LG stocks soar on Nvidia partnership hopes

LG Group stocks extended their sharp rally Monday, led by another surge in LG Electronics, as investors piled into shares seen as potential beneficiaries of Nvidia CEO Jensen Huang’s expected visit to Korea and a possible first meeting with LG Group Chairman Koo Kwang-mo. LG Electronics jumped 29.86 percent to 380,500 won ($251), hitting the daily upper limit shortly after the market opened and setting a fresh 52-week high. The stock also closed at the daily ceiling Friday, extending a steep run

The Korea Herald

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정치

Local election campaigns push cash-based pledges

South Korea is seeing a surge in cash-based campaign pledges ahead of the June 3 local elections, as candidates seek to attract voters with promises of direct financial benefits, despite growing concerns over the sustainability of the plans. The trend has emerged across party lines, with candidates from both the ruling Democratic Party of Korea and the main opposition People Power Party proposing a variety of direct payment programs aimed at easing living costs and stimulating local economies. O

The Korea Herald

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Foreign tourist arrivals in Seoul top 1.5 million in April

Foreign tourists spent more than 1.15 trillion won ($762 million) in Seoul in April, as the number of overseas visitors to the capital surpassed 1.5 million and continued to outpace pre-pandemic recovery levels, according to data released by the Seoul Metropolitan Government on Sunday. The number of foreign visitors surged by 18.8 percent from 1.3 million in the same month in 2025. During the first four months of the year, cumulative arrivals reached 5.2 million, a 21.4 percent increase from 4.2

The Korea Herald

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Credit loans at local banks sharply rise in May amid stock rally

Credit loans at major South Korean banks surged in May at the fastest pace in more than five years, data showed Sunday, as investors increasingly took out loans to buy stocks amid a record-breaking market rally. Outstanding credit loans at five major lenders -- KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup -- stood at 107 trillion won ($70.9 billion) as of Friday, according to data compiled by the banks. The total increased by 2.65 trillion won from the end of April, or 2.55 percent on a mont

The Korea Herald

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IT/기술

Baemin to open Apple Pay to foreign-issued cards

South Korean food delivery platform Baemin, operated by Woowa Brothers, is set to accept overseas Apple Pay cards, becoming the first such platform in the country to do so as foreign demand for its services surges. According to the company on Sunday, the move will open Apple Pay, previously limited to Korean-issued cards, to those on global networks including Visa, Mastercard, JCB and American Express, starting June 2. "The addition of overseas Apple Pay card support, combined with our multiling

KBS World (English)

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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...]

The Korea Herald

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산업/기업

Netmarble's Seven Deadly Sins reenters top revenue ranks in Japan

Netmarble said Friday that its flagship mobile RPG The Seven Deadly Sins: Grand Cross has surged back up the charts following its seventh-anniversary update, underscoring the game's enduring appeal. According to Mobile Index, the title climbed to No. 4 on Japan's Apple App Store revenue rankings after the update. Daily active users across all regions jumped 72 percent from the previous week, building on momentum from recent collaboration events and a pre-anniversary campaign. Players responded s

The Korea Herald

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IT/기술

Samsung, SK hynix invest in Anthropic as AI chip demand surges

Samsung Electronics and SK hynix have taken strategic stakes in Anthropic, the developer of the Claude artificial intelligence models, joining a funding round that valued the US startup at $965 billion, making it the world's most valuable AI company ahead of OpenAI. The deal is also fueling expectations that Samsung could win future AI chip manufacturing orders from Anthropic, boosting its foundry business. The two Korean chipmakers signed on as strategic infrastructure partners alongside US mem

The Korea Herald

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스포츠

Unwavering self-belief pays off for ex-World Cup hero

About this time a year ago, there were whispers that Cho Gue-sung, who rose to stardom at the 2022 FIFA World Cup in Qatar, wouldn't be able to play football anymore. He had undergone knee surgery, but complications from the procedure kept him on the sidelines for over a year. Making the South Korean national team for the 2026 World Cup seemed like a pipe dream. But Cho, 28, never stopped believing. That self-belief has paid off, as Cho, who rejoined his Danish club FC Midtjylland last fall, ear

The Korea Herald

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경제

Korean investors chase US stocks despite Kospi rally

South Korea’s efforts to draw retail investors back to domestic markets through reshoring investment accounts, incentives and a surging Kospi are failing to slow the retail rush into US stocks. According to the Korea Securities Depository on Thursday, Korean investors’ custody holdings of US equities climbed to $200.4 billion as of May 26, already exceeding last year’s full-year record within just five months. The figure marks a 22 percent increase from the end of 2025. The surge was driven larg

The Korea Herald

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IT/기술

LG Energy Solution rides AI power surge with $1.6b US battery deal

LG Energy Solution has secured its second large-scale US energy storage system battery supply deal, as part of its push to capture fast-growing power demand from artificial intelligence data centers and grid infrastructure while navigating a prolonged slowdown in the electric vehicle sector. According to LG Energy Solution on Thursday, it signed a $1.6 billion contract with Michigan-based utility giant DTE Energy to supply 6 gigawatt-hours of ESS batteries for two years. The battery cells will p

뉴스

타임라인 키워드

S. Korea posts second-largest current account surplus in April: BOK

Incumbent mayor Oh Se-hoon leads Seoul race in dramatic late surge

OECD revises up S. Korea's 2026 growth outlook to 2.6%

Foreign hotel bookings in Busan surge ahead of BTS concert

KOSPI Surges to Fresh High above 8,800 on Tuesday

Doosan Robotics extends rally on Huang's Korea robotics push

Seoul shares sharply down late Tue. morning on profit-taking

Rescene rides YouTube buzz to chart resurgence

KOSPI Surges to Fresh High above 8,780 on Monday

LG stocks soar on Nvidia partnership hopes

Local election campaigns push cash-based pledges

Foreign tourist arrivals in Seoul top 1.5 million in April

Credit loans at local banks sharply rise in May amid stock rally

Baemin to open Apple Pay to foreign-issued cards

KOSPI Surges to Fresh High Above 8,400

Netmarble's Seven Deadly Sins reenters top revenue ranks in Japan

Samsung, SK hynix invest in Anthropic as AI chip demand surges

Unwavering self-belief pays off for ex-World Cup hero

Korean investors chase US stocks despite Kospi rally

LG Energy Solution rides AI power surge with $1.6b US battery deal