KB News DeskSeoul stocks close over 3% higher on chip rebound
Seoul stocks snapped their two-day losing streak and closed sharply higher Tuesday, as investors went bargain hunting for tech heavyweights. The Korean won closed higher against the US dollar. The…
Authorities mull tighter curbs on 'predatory' leveraged buyouts as Homeplus crisis bites
The government said Tuesday it was mulling a tighter curb on leveraged buyout firms, in response to liberal lawmakers’ claims that a predatory act by buyout firm MBK Partners is…
Korea keeps China at bay in large OLED race
Samsung Display is on course to overtake LG Display in the mid-to-large OLED market by revenue in the third quarter, taking the lead for the first time as Korean manufacturers…
Samsung takes on Apple with first Galaxy credit card
LONDON — Samsung Electronics is taking its rivalry with Apple into the US credit card market with the launch of its first credit card, a Galaxy-branded product issued by Barclays…
Korea ETF pioneer issues rare warning on single-stock leveraged ETFs
Bae Jae-kyu, CEO of Korea Investment Management and widely regarded as the father of Korea’s ETF market, urged investors to avoid single-stock leveraged ETFs despite his firm managing the products.…
World-class festivals, orchestras, soloists fill Seoul's concert halls in H2
Seoul’s classical calendar for the second half of the year begins in earnest with the 2026 Seoul Arts Center’s International Music Festival, which runs Aug. 18 to 23 at the…
Lee says Gwangju Fab plan isn’t labor dispute issue, orders clear rules
President says operating-profit distribution falls outside scope of labor disputes President Lee Jae Myung rejected the Samsung Electronics labor union’s claim that the company’s decision to build a semiconductor plant…
Large firms’ profits jumped 81% while workforce barely grew
Employment at Korea’s leading companies stayed virtually unchanged from 2023, report says South Korea’s largest companies saw double-digit growth in revenue and operating profit over the past three years, while…
Blackstone invests in South Korean robotics supplier Futronic
Blackstone has invested in Futronic, a supplier of high-precision actuators serving automotive and industrial robotics sectors, the world’s largest alternative asset manager said on Monday. The deal values the South…
FSS gave asset managers hours to pull ETF ads
Promotional campaigns remained online through the weekend after regulator issued unusually abrupt advertising ban South Korea’s Financial Supervisory Service ordered asset managers to halt advertising for single-stock leveraged exchange-traded funds…
