KB News DeskKorea puts brake on leveraged chip ETFs
South Korea is tightening restrictions on single-stock leveraged exchange-traded funds tracking the country’s top chipmakers, which regulators have blamed for exacerbating market volatility, the Finance Ministry announced Thursday. The measures…
Homeplus secures W200b lifeline from Meritz to avert liquidation
Homeplus said Thursday that Meritz Financial Group agreed to extend 200 billion won ($135 million) in emergency financing to the cash-strapped retailer, keeping its court-supervised rehabilitation alive with only days…
Seoul shares fall again, dropping over 6% on tech losses amid Middle East tensions
Seoul shares again plummeted Thursday, led by steep losses in technology heavyweights, as escalating tensions in the Middle East weighed on investor sentiment. The Korean won rose against the US…
Cheong Wa Dae revives secretarial post for youth affairs
Kim Tae-won, former Google Korea executive, has been appointed as the newly established presidential secretary dedicated to youth affairs, Cheong Wa Dae announced Thursday. Kim, 46, will report to presidential…
LG Electronics maps H2 strategy around AI, robotics
LG Electronics convened about 300 executives from Korea and overseas on Thursday to review its second-half strategy and accelerate growth in robotics, AI data center cooling and other future businesses.…
BOK lifts base rate in first hike in over 3 years
Central bank pivots to monetary tightening to curb inflation, signaling more hikes ahead South Korea’s central bank raised its benchmark interest rate for the first time in more than three…
'Mongtan': Mongolian capital wrapped in Korean food, retail brands
From convenience stores to beer and coffee, Korean brands feed young capital’s love of K-culture The capital of Mongolia, Ulaanbaatar, has earned the Korean nickname “Mongtan,” a mashup of Mongolia…
Business leaders seek AI-led growth at Jeju Forum
Chey Tae-won tells executives AI requires redesigning business operations, not simply adopting new technology, as annual KCCI forum opens South Korea’s leading business figures gathered Wednesday on Jeju Island to…
Hanwha shareholders approve split, sharpening succession roadmap
Hanwha Corp., the holding company of Korea’s seventh-largest conglomerate Hanwha Group, won shareholder approval Wednesday for a corporate split to separate its core defense, shipbuilding, energy and financial businesses from…
Leveraged chip ETFs test Korea's market structure
Daily rebalancing fuels debate over whether Korea’s cash-based structure amplifies volatility more than Hong Kong’s swap-based model Surging trading in South Korea’s single-stock leveraged exchange-traded funds tracking Samsung Electronics and…
