KB News DeskSeoul shares tumble over 4% on tech losses amid lingering AI concerns
South Korean stocks tumbled more than 4 percent Thursday due to losses in tech shares amid lingering concerns over profitability of artificial intelligence spending. The local currency rose against the…
‘No time to divide chip profits’: Industry minister
Kim urges Samsung, SK hynix to reinvest as China narrows technology gap South Korea should resist calls to redistribute the record profits of Samsung Electronics and SK hynix beyond the…
Did NPS rebalancing delay amplify Kospi volatility?
Unlike global peers, Korea’s pension fund delayed stock sales during rally, potentially leaving less room to cushion reversal The National Pension Service rode the Kospi above 9,000 to record returns.…
Korea’s ETF curbs push leveraged trading overseas
South Korean investors are moving into US leveraged ETFs after tighter domestic rules pushed them away, raising questions over whether efforts to curb speculative trading are shifting risk-taking activity overseas.…
Celltrion’s record quarter sparks target-price upgrades
Newer products lift margins and growth outlook as UBS names Celltrion its top Korean healthcare pick Celltrion’s record second-quarter results have prompted a wave of target-price upgrades from Korean and…
LG Uplus posts record profit on AI data center growth
LG Uplus posted a record quarterly operating profit in the second quarter as rapid growth in its artificial intelligence data center business and cost-cutting efforts offset a decline in overall…
Homeplus reopens ahead of full operations next week
Homeplus said Thursday it is starting its reopening with a soft launch today, drawing on the cash injection that kept its rehabilitation alive, with a court decision on the plan…
Daily turnover of single-stock leveraged ETFs falls below 1 tln won after curbs
Average daily transactions in 16 single-stock leveraged exchange-traded funds fell below 1 trillion won ($701 million) on Wednesday, data showed, after authorities took steps to curb the investment products blamed…
Korea Zinc posts record Q2 profit on strong metals demand
Korea Zinc recorded its highest-ever operating profit in the second quarter of this year, mainly driven by robust demand for key metals. The company said Wednesday that its second-quarter sales…
Foreign banks warn Korea is rushing T+1 shift
Lenders cite automation and FX hurdles, saying transition needs at least 18 months South Korea’s plan to shorten its stock settlement cycle to T+1 is drawing warnings from global investment…
