KB News DeskSeoul shares end over 6% higher on tech rally despite Middle East tensions
Seoul shares ended more than 6 percent higher Wednesday, led by gains in technology heavyweights, although persistent tensions in the Middle East remained a key concern for investors. The Korean…
France, Korea to deepen strategic solidarity, envoy says on Bastille Day
France and South Korea are moving to deepen their “strategic solidarity” as wars in Europe and the Middle East expose how closely their security and economic interests have become intertwined,…
Minimum wage rises, but the bigger fight is over who pays
A single nationwide rate is carrying more weight than it was built to bear South Korea’s decision to raise the hourly minimum wage by 3.7 percent to 10,700 won ($7.19)…
Kospi retakes 7,000 on strong foreign buying
Index jumps over 8% as easing US inflation boosts risk appetite and foreign investors pour into chip stocks Seoul stocks reclaimed the 7,000 mark on Wednesday, with the Kospi surging…
MBK promotes Korea Zinc project in US amid Homeplus crisis
Private equity firm highlights Project Crucible as Homeplus struggles to secure emergency funding MBK Partners is facing criticism after hosting a reception in the United States to promote Korea Zinc’s…
Modigence Vision wins Korea-Germany AI startup competition
South Korean artificial intelligence startup ModigenceVision won the Korea-Germany Connect: AI Startup Pitching Challenge 2026 on Wednesday. The winner will present its technology before about 1,000 business, government and academic…
Hyosung bucks STEM trend with humanities-only hiring
Hyosung Group has launched a recruitment program exclusively for humanities majors, an unusual move in a job market where employers have increasingly favored graduates in science, technology, engineering and mathematics.…
Leveraged chip ETFs face fivefold deposit hike
South Korea’s brokerage industry has agreed to tighten investor protection rules for single-stock leveraged exchange-traded funds after the products came under criticism for amplifying market volatility. The Korea Financial Investment…
Hong Kong offers free child airfare to draw Korean families this summer
Families flying to Hong Kong this summer can bring one child along for free under a promotion from the Hong Kong Tourism Board and Cathay Pacific aimed at Korean travelers.…
Korean Air may keep dual mileage programs after merger
Separate mileage programs could bring daily fines, duplicate operating costs, accounting risks Korean Air may have to run two separate mileage programs even after its merger with Asiana Airlines takes…
