Seoul

Korean stocks are reported to be highly active once again. In related news, Seoul has curbed the use of leveraged ETFs.

A jump in South Korean stocks drove emerging-market equities higher on Thursday. This upward movement was fueled by a revival in global AI trade, which pushed Seoul’s Kospi index into a technical bull market.

Asian shares were mostly higher on Wednesday, with the Kospi gaining 4% and Tokyo's Nikkei 225 rising 0.6%. Concurrently, oil prices advanced amid persistent doubts about when the war with Iran will allow free flow of crude. Higher oil prices increased inflation concerns, sending Wall Street’s focus to the U.S. government's pending monthly inflation reading.

Two former Chinese military servicemembers were arrested in South Korea for alleged espionage, accused of intercepting communications and collecting sensitive information on U.S. armaments. One suspect was caught setting up an interception device near a joint air base, while the second man was apprehended near Seoul for illegally obtaining details about U.S.-South Korean military drills from a South Korean woman working at the U.S. command.

SK Hynix stock initially dropped 30% in premarket trading in Seoul following a flash crash, but later recovered much of its lost value. Separately, a SocGen strategist suggested that the 'Korean shakeout' is nearing completion.

South Korean police raided the headquarters of Starbucks' local operation over a marketing campaign that was perceived as defaming 1980s pro-democracy movements. The controversial campaign used 'Tank Day,' marking an anniversary of a brutal uprising in Gwangju, and utilized slogans referencing past political cover-ups. Amid public outrage, Shinsegae Group forced Starbucks Korea to cancel the campaign and fire its chief executive.

South Korean police raided Starbucks' headquarters in Seoul following an investigation into a marketing campaign perceived as defaming 1980s pro-democracy movements. The controversy centered on promoting "SS Tank" by declaring May 18, the anniversary of the Gwangju uprising. Public outrage forced Shinsegae Group to cancel the campaign and fire the chief executive of Starbucks Korea.

South Korean police raided Starbucks’ local headquarters investigating a controversial marketing campaign that was perceived as defaming 1980s pro-democracy movements. The controversy stemmed from the promotion of “SS Tank” tumblers, linking May 18 to the brutal Gwangju uprising and using a slogan referencing Park Jong-chol's death. Following intense public outrage, Shinsegae Group canceled the campaign, fired the chief executive, and Starbucks Korea closed nationwide for mandatory training.

SK Telecom Co. reported second-quarter earnings of $313.4 million with net income of 81 cents per share and revenue of $2.9 billion. The results were generated by Automated Insights using data from Zacks Investment Research.

South Korea is experiencing a record heat wave that has resulted in 16 deaths. President Lee Jae Myung has urged officials to act quickly as extreme weather becomes 'normal,' and authorities issued an extended heat wave warning for Seoul.

US Undersecretary of War Elbridge Colby referred to South Korea as a 'model ally' during a visit to Seoul. The article questions the label 'model ally' and notes that South Korea and the US are bound by a mutual defense treaty from 1953, though their relationship evolves over time.

Students from Mysuru have qualified for the Seoul robotic championship, showcasing their skills in robotics.

The cost to insure AI-related debt has reached a record high as Asian semiconductor markets decline. Seoul's two-day stock market crash and expanding credit spreads among hyperscale companies indicate growing risks in the AI sector's leveraged investments across equities and debt markets.

South Korean authorities ordered evacuations near Seoul due to a reported white phosphorus leak at a U.S. military base. The incident occurred on Tuesday but no further details were provided.

Shares of SK Hynix fell 10% in Seoul, part of a broader decline in semiconductor stocks following a weak performance on Wall Street.

North and South Korea are competing to develop nuclear-powered submarines. South Korea sees an opportunity to build more advanced vessels following Donald Trump's approval last year.

A South Korean court convicted Seoul's mayor Oh Se-hoon for illegal polling payments, fining him 10 million won for violating the Political Funds Act ahead of the 2021 mayoral by-election. The ruling threatens to end his presidential ambitions.

SK Hynix shares in Seoul are fluctuating following a decline in Wall Street's AI memory sector. The market reaction reflects concerns over AI-related memory demand impacting semiconductor stocks.

SK Hynix stock plummeted over 15% in Seoul following its Nasdaq debut, reducing its market cap below $875 billion. The selloff also caused South Korea's Kospi index to drop 9%.

SK Hynix's local shares in South Korea fell 15% on the domestic exchange in Seoul following a successful U.S. listing of its American Depositary Receipts. The article highlights the geopolitical shock impacting the company's stock performance despite its strong ADR debut.

SK Hynix Inc. shares fell over 10% in Seoul following the company's successful Nasdaq debut.

El Salvador is attracting South Korean tech investment by promoting its digital-asset laws and AI initiatives at a Seoul innovation forum. The country is targeting Korean tech firms to participate in its tech-hub development.

The Netflix movie 'The Apartment Job' follows a gambling den CEO who attempts to steal an apartment complex's construction fund. The plot is set in Seoul, where apartment complexes hold significant funds.

Yoon's upheld sentence connects Seoul with Lima, Brasília, and Bogotá in a global reckoning addressing presidential impunity. The development highlights a broader trend of legal accountability for former leaders across different regions.

The Bank of Korea is considering raising interest rates due to higher inflation and economic growth. The decision is based on current economic indicators.

Nvidia has become the world’s most valuable company and is currently cheaper than Hershey. Jensen Huang confirmed that three major memory chipmakers are certified to supply high-bandwidth products for Nvidia’s AI accelerators.

South Korea's market turmoil is serving as an early warning system for potential AI-driven economic risks in the region. The situation highlights concerns over over-reliance on artificial intelligence in financial and technological sectors.

UBS recommends purchasing SK Hynix's new American Depositary Receipts (ADRs) while advising the sale of its Seoul-listed shares. The analysis focuses on SK Hynix's stock strategy in both international and domestic markets.

Samsung Electronics Co.'s results have prompted a stock rotation towards less favored sectors. The company's headquarters in Seoul is highlighted in the article.

Tether’s former CIO plans to sell their stake in the stablecoin company. The article includes a photo of the Tether logo at a Bithumb exchange office in Seoul.

The South Korean won remained stable against the US dollar during its first day of 24-hour trading, marking a milestone in Seoul’s effort to open financial markets to global investors. The currency initially rose slightly before easing slightly later in the day.

Seoul cafés are hosting birthday parties for celebrities who do not attend, and nearly 100 monkeys escaped from an enclosure in Thailand.

The article highlights global investments in AI memory chips, particularly the High Bandwidth Memory (HBM) gamble, and examines its implications for Latin America. The focus is on how this tiny chip is influencing the world economy.

Chinese tourists are traveling to Seoul for duty-free shopping, beauty treatments, and cosmetics due to currency advantages and K-beauty popularity. A group including Chelsea Wang and her friend Wu focused on discounted items like backpacks and perfume during their trip.

Meta's cloud plan triggered a global memory-chip market decline, impacting regions from Seoul to Wall Street. The article highlights Asia's AI boom as a connected trade and its implications for Latin America.

Michael Burry's short bet against Nvidia and the global chip market triggered a Seoul circuit breaker and a worldwide market reaction. The article examines the implications of the AI bubble scare for Latin America.

MBK Partners is facing a sanctions process in the Homeplus case, according to the FSS. The company's logo is displayed in Seoul.

South Korea's government has disputed a U.S. congressional report that accuses the country of discriminating against Coupang, a Seattle-based company. The report claims Seoul engaged in discriminatory practices against the e-commerce firm.

Global interest in Korea is increasing as anticipation builds for 24-hour won trading. The Yeouido financial district in Seoul is highlighted as a key location in this development.

South Koreans are using AI-generated videos of deceased loved ones to cope with grief, with companies like Vaice creating digital likenesses based on photos and voice samples. The practice raises ethical and psychological questions while offering emotional comfort to some families.