KB News DeskYemen gov't says Houthis planning to impose fees for Red Sea transit
A minister in Yemen’s internationally recognised government on Wednesday accused Houthi rebels of working under Iranian guidance to establish a system to impose fees for ships transiting the Red Sea…
Hospital left with W840m bill after treating unconscious patient for 6 years
A South Korean hospital that had treated an unconscious Chinese patient for more than six years was left with over 800 million won ($550,000) in unpaid medical bills after the…
Chief regulator expresses regret over leveraged ETF-led volatility
The chief financial regulator on Wednesday expressed regret over recent extreme market volatility, saying the authorities take responsibility for the turmoil amid criticism that single-stock leveraged ETFs had amplified the…
SK hynix rejects peak fears after record quarter
Five-year supply deals, sustained Big Tech spending underpin W40tr-plus investment plan SK hynix pushed back Wednesday against concerns that the AI memory boom is nearing its peak, citing five-year supply…
Krafton posts record half-year earnings on Subnautica 2 success
Korean game developer eyes long-term IP expansion with user generated-content initiatives and upcoming new titles Krafton on Wednesday reported record revenue and operating profit for the first half of this…
Seoul shares dip nearly 6% on extended chip rout amid AI skepticism
Seoul shares plunged by nearly 6 percent Wednesday following a nearly 11 percent crash the previous session as investors dumped semiconductor stocks amid growing skepticism over whether massive spending on…
Kospi crashes below 5,300 as selloff intensifies
Benchmark tumbles nearly 13%, triggering circuit breaker for second straight day South Korean stocks extended their historic selloff Wednesday, with the Kospi plunging nearly 13 percent to below 5,300 and…
Korea’s ETF clampdown may push leverage demand overseas
Tighter entry barriers risk shifting retail capital offshore while leaving volatility concerns unresolved at home As South Korea tightens rules on single-stock leveraged exchange-traded funds, overseas markets are expanding their…
How leveraged chip ETFs magnified Korea’s market swings
16 funds launched at market’s peak, amplifying moves in Samsung Electronics, SK hynix and Kospi Earlier this year, South Korea emerged as the world’s best-performing stock market as an artificial…
HD Korea Shipbuilding's Q2 profit jumps 73% on high-priced vessel sales
HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Wednesday its second-quarter operating profit jumped 72.5 percent from a year earlier driven by…
