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The Latest Breaking News from South Korea

South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York

South Korean billionaire Chey Tae-won's bold acquisition of SK Hynix has paid off significantly. The company became a major AI chip producer after betting on niche technology. SK Hynix's strategic investment in high-bandwidth memory chips proved highly successful. However, concerns about slowing AI spending and potential oversupply are now emerging.…

The Economic Times

SK Hynix set for marquee US debut in test for AI appetite

SK Hynix's U.S. debut tests investor belief in the AI boom's durability. The South Korean chipmaker's offering is the second-largest share sale in the United States. This move provides direct access to the world's largest pool of investors. SK Hynix leads in high-bandwidth memory chips essential for AI. Spending on…

The Economic Times

$1 Trillion SK Hynix Storms Wall Street With Record-Shattering $26.5 Billion Nasdaq Debut

SK Hynix, a leading South Korean memory-chip maker, raised $26.5B in the largest-ever US share sale by a foreign firm, as its market value nears $1 trillion.

International Business Times UK

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Christopher Wood warns of AI fatigue. Why Jefferies is turning to India and China

Christopher Wood of Jefferies warns that the AI trade is showing signs of fatigue as investors seek cheaper value opportunities. With India and China positioned to benefit from a rotation away from crowded AI winners, Wood believes picks-and-shovels companies will continue to outperform amid massive AI capex and uncertain monetisation.

The Economic Times

Exit strategies: how and why 27% of World Cup coaches have left their jobs

Thirteen coaches have been sacked or walked away from their national teams – here’s a full rundown

The Guardian - UK

North Korea vows boost to nuclear buildup, military intelligence

North Korea will strengthen its nuclear force "both in quality and quantity" and expand the role of its military intelligence agency focused on South Korea, state media said Friday. The meeting decided on measures such as "bolstering up the nuclear force both in quality and quantity", the report said.

The Economic Times

Global Market: SK Hynix's Nasdaq ADR debut raises $26.5 billion amid AI chip boom

South Korean chipmaker SK Hynix successfully raised $26.5 billion through its ADR offering. This significant fundraising highlights robust global investor interest in AI semiconductor suppliers. The company is a leading provider of essential high-bandwidth memory chips for AI processors.

The Economic Times

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N. Korea says will bolster nuclear force, expand S. Korea spy activities in ‘radical way’

North Korea plans to boost its nuclear force “both in quality and quantity”, state media reported on Friday, citing a decision from a military commission meeting. The country also announced plans to bolster its spying activities in South Korea “in a radical way”.

France 24

Korea's pain will be India's gain? Why Nifty bears betting on Kospi crash may get disappointed

Foreign investors pulled ₹1.92 lakh crore from India in 2026 to chase the East Asian AI chip boom. As South Korea's KOSPI experiences wild swings, Nifty bulls are hoping that a capital rotation will send those funds rushing back to Dalal Street. But experts warn the road ahead won't be…

The Economic Times

South Korea's Kospi jumps 5%, exits bear market. What lies ahead for world's best performing stock market of 2026?

South Korea's Kospi index saw a significant jump on Friday, extending recent gains after a substantial crash. The benchmark index officially entered bear market territory earlier this week due to a sharp decline. Heavyweight semiconductor stocks experienced a notable crash, impacting investor sentiment and the overall market. Despite a recent…

The Economic Times

Global Market Today: Asian stocks rise following chip rally, oil slips

Asian stocks climbed as investors favored semiconductor shares due to AI demand. Oil prices declined as energy supply disruption fears eased. South Korea's Kospi index saw a significant rally, while other regional benchmarks edged higher. Futures for the Nasdaq 100 Index indicated a more cautious market sentiment. Company earnings and…

The Economic Times

Real-Time Stalker Location Tracking: South Korean App Lets Victims Keep Tabs on Stalkers, Raising Questions About Safety

South Korea introduces an app allowing stalking victims to track offenders' real-time locations, aiming to enhance safety amid rising stalking cases and concerns over violence against women.

International Business Times UK

Micron Gives Stocks a $250 Billion AI Boost: Stock Market Today

Markets looked beyond the Middle East to the promise of the AI revolution, including more capex and another record-breaking IPO.

Kiplinger

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

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Benzinga

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).

The Economic Times

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…

France 24

South Korea's top court upholds 7-year sentence for ex-president Yoon

South Korea's Supreme Court on Thursday upheld a seven-year prison sentence handed down to former president Yoon Suk Yeol o charges of obstruction and other crimes tied to his botched 2024 martial law declaration. The disgraced former president has insisted his martial law declaration was motivated by the public interest.

The Independent UK

South Korea’s top court upholds prison term for former president Yoon in martial law case

Ruling aligns with views of Constitutional Court, which, in removing Yoon Suk Yeol from office in 2025, found his martial law decree lacked legal basis and failed to follow required procedures

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International Business Times

XRP Just Crushed Bitcoin and Ethereum in Korea, Here's Why

XRP just reclaimed the throne on Upbit, South Korea's largest crypto exchange, posting $52.33 million in 24-hour trading volume and blowing past Bitcoin at $42.14 million and Ethereum at $24.30 million on the same venue.

The Economic Times

Andhra IT Minister Lokesh invites South Korean BNK Venture Capital to mentor SMEs, startups

Andhra Pradesh's IT Minister Nara Lokesh has opened doors to South Korean BNK Venture Capital, seeking mentorship for local SMEs. His call for investment and fund management guidance aims to bolster state startups. Additionally, Lokesh has prompted the BNK Financial Group to delve into potential infrastructure funding opportunities, leveraging the…

Euronews

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.

The Economic Times

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

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.

International Business Times UK

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.

The Economic Times

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.

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