The Latest Breaking News from South Korea

South Korea's Kospi Led Global Stocks And Hit an All-Time High Just Weeks Ago. Then It Went Into Bear Territory

South Korea's benchmark Kospi stock market index has tumbled into bear-market territory just weeks after reaching a record high and taking the title of the best-performing market of the year.

International Business Times · Jul 9

Retail Preps for SK Hynix US Listing: 'Dumping All My MU for This'

Retail traders are lining up for SK Hynix’s U.S. debut on Friday, treating the Korean memory giant as the pure-play way to ride the DRAM and HBM supercycle — and, in many cases, as a straight swap-out of Micron Technology Inc. (NASDAQ:MU).

Benzinga · Jul 9

Near-ruin to riches: The story of chip giant SK hynix

South Korean chipmaker SK hynix faced significant financial challenges after its founding in 1949. SK Group's 2012 buyout and focus on HBM chips fueled its resurgence. Today, SK hynix is a trillion-dollar tech firm benefiting from the AI boom. Its US listing aims to achieve higher valuations compared to its…

The Economic Times · Jul 9

More than 30,000 votes cast so far in search of South Korea’s top travel spots

South Korea has extended voting for its ambitious travel directory of the 10,000 must-visit destinations across the country. So far, more than 30,000 people have already had their say.

Euronews · Jul 8

Kospi enters bear market! What South Korea’s finance minister said after 20% crash

South Korea’s Kospi entered bear market territory after falling over 20% from its June peak, dragged down by a sharp selloff in semiconductor giants Samsung Electronics and SK Hynix. Finance Minister Koo Yun-cheol warned that heavy concentration in chip stocks is increasing market volatility. Despite the correction, Kospi remains the…

The Economic Times · Jul 8

Big Short fame Michael Burry is betting against Nvidia, AMD, Micron and other chipmakers. Is a massive AI crash coming?

Michael Burry, famed for predicting the 2008 financial crisis, has increased his bearish bets against AI-linked chipmakers through the iShares Semiconductor ETF. His move has reignited concerns over stretched semiconductor valuations, the sustainability of the AI rally, and the possibility of a sharp correction in technology stocks.

The Economic Times · Jul 8

Addicted to Online Shopping or Food Deliveries? South Koreans Are Using Fake Sites That Deliver Nothing

In South Korea, 'dopamine sites' simulate online shopping and delivery without actual purchases, appealing to Gen Z amid rising costs. These platforms offer the thrill of shopping without financial consequences.

International Business Times UK · Jul 8

Global Market: South Korea steps up market monitoring as chip-driven volatility rattles stocks

South Korean economic officials will closely monitor factors causing market volatility. Sharp swings in chip shares have unsettled investors and caused market fluctuations. Increased profit-taking and global AI expectations contributed to the heightened market volatility.

The Economic Times · Jul 8

South Korea's Kospi enters bear market, plunges 20% from peak. What's spooking investors?

South Korea's Kospi index entered bear market territory, plunging 20% from its peak. Heavyweight Samsung Electronics saw its share price fall nearly four percent on Wednesday. Foreign investors turned net sellers of shares worth over three hundred million dollars. Despite the sharp selloff, Kospi remains the world's best-performing major stock…

The Economic Times · Jul 8

Ross Gerber Says Chip Sell Off 'a Gift' for Those That Want to Retire Even as SK Hynix US Debut Nears: 'Captured by Very Short-Term Thinking'

Investor Ross Gerber said Tuesday that those selling semiconductor stocks were focusing on the short term, calling the recent pullback “a gift” for long-term investors ahead of South Korea’s chipmaker SK Hynix‘s $29 billion U.S. listing later this week.

Benzinga · Jul 8