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369 stories mentioning KOSDAQUpdated 12h ago

Rose alongside the Kospi as the US-Iran deal and strong semiconductor-driven export price data lifted South Korean investor sentiment.

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Asia

South Korean Shares End Week Higher on Strong July Exports, Easing Concerns Over US Fed Rate Hikes

South Korean shares rose again on Friday to close the week in green, driven by strong July exports and easing U.S. rate concerns after U.S. Federal Reserve Governor Christopher Waller signaled caution on further tightening.The Korea Composite Stock Price Index, or Kospi, increased by 107.73 points, or 1.6%, to close at 6,687.21. The Kosdaq also rose by 23.29 points, or nearly 3%, to close at 813.5.In economic news, South Korea booked a current account surplus of $42.1 billion in July, down from $49.7 billion in June, according to data from the Bank of Korea published Friday. The figure missed Trading Economics' $50 billion surplus forecast.The goods surplus narrowed to $40.4 billion as exports and imports fell month on month, while the services deficit widened to $1.97 billion.In corporate news, A security breach at CJ ENM (KOSDAQ:035760) subsidiary TVing resulted in the leakage of source code from 361 development projects and information from 39.54 million accounts, which comprised 22.06 million active and 17.37 million inactive accounts.In corporate news, a security breach at CJ ENM unit TVing exposed source code from 361 projects and data from 39.54 million accounts, according to a Thursday Ministry of Science and ICT report. Investigators cited inadequate key management, weak anomaly monitoring, insufficient staffing and log oversight, and unaddressed vulnerabilities. TVing said it will address the issues to prevent recurrence.CJ ENM shares closed nearly 3% higher.

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Asia

Four US Firms to Invest $2 Billion in South Korea

Four American companies--Air Products, Axcelis, Corning, and Pacifico Energy--plan to invest a total of $2 billion, or 2.8 trillion won, in foreign direct investment (FDI) sectors such as semiconductor materials and equipment, advanced materials for displays, and offshore wind power, the Ministry of Trade, Industry and Energy said Friday.Air Products is expanding its semiconductor gas supply facilities in Pyeongtaek, while Axcelis plans to expand its Korean manufacturing facilities for ion implanters, the release said.Corning is aiming to expand its South Korean manufacturing capabilities and boost equipment investment for advanced materials used in next-generation mobile devices and semiconductors, while Pacifico Energy plans to advance construction of a 3.2-gigawatt offshore wind farm project in South Jeolla province, it said.

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International

South Korea's Current Account Surplus Shrinks in July

South Korea booked a current account surplus of $42.1 billion in July, down from $49.7 billion in June, according to data from the Bank of Korea published Friday.The figure missed Trading Economics' $50 billion surplus forecast.Of the total, the goods account surplus fell to $40.4 billion from $47.9 billion the previous month as exports and imports dropped month on month to $100.5 billion from $112.4 billion and $60.0 billion from $64.5 billion, respectively.Services account logged a larger deficit of $1.97 billion versus $1.29 billion in June, weighed down by deficits in other business services and manufacturing services accounts.

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Asia

South Korean Shares Close Higher as Oil Prices Ease on Trump's Iran Remarks

South Korean shares closed higher on Thursday, supported by easing oil prices after U.S. President Donald Trump downplayed the prospect of a prolonged military conflict with Iran. Investors weighed the risk of renewed US-Iran military strikes disrupting crude supplies from West Asia.Brent crude futures fell 43 cents, or 0.45%, to $95.20 a barrel, while West Texas Intermediate (WTI) crude futures declined 24 cents, or 0.26%, to $90.77. The latest attacks marked the most substantial exchange of fire between the US and Iran since July, with the conflict now in its seventh month.The Korea Composite Stock Price Index, or Kospi, increased by 16.76 points, or 0.3%, to close at 6,579.48. The Kosdaq fell by 13.77 points, or 1.7%, to close at 790.21.In corporate news, Samsung Fire & Marine Insurance (KRX:000810) and Samsung Life Insurance (KRX:032830) plan to take over London-based reinsurance firm Canopius by purchasing an additional 50% stake for more than 2 trillion won, the Korea Economic Daily reported Thursday.The two Samsung affiliates currently hold a combined 40% stake in Canopius. The firms are expected to fund the stake purchase with dividends from Samsung Electronics (KRX:005930), which had reported record operating profit in the second quarter, according to the report.The two firms are expected to sign a deal with major shareholders, including asset manager Centerbridge Partners, the report said, citing unnamed industry sources.The Samsung affiliates said that no decision has been made, while Samsung Life said it was reviewing investment opportunities, both at home and abroad, to identify new growth drivers, without reaching any specific decision on a possible equity investment in a U.S. insurer, the report said.Samsung and Canopius did not immediately respond to' request for comment.Shares of Samsung Fire & Marine Insurance jumped nearly 7% at market close, while those of Samsung Life Insurance added 3%.In other news, SK Oceanplant (KRX:100090) received an order worth 592.9 billion Korean won from an undisclosed Greek shipowner.The contract is for building six 115,000-DWT-class crude oil tankers, according to a Thursday filing with the Korean Exchange.The contract runs from Aug. 28, 2026, to June 30, 2030.Shares of SK Oceanplant added 8% at market close.

^KOSDAQKOSPIKRX:000810KRX:005930KRX:032830KRX:100090
Asia

Chipotle Mexican Grill Enters Asia with First Restaurant in Seoul

Chipotle Mexican Grill entered Asia with its first restaurant in Seoul, which was opened on Wednesday at 423 Gangnam-daero, Seocho-gu, the U.S.-based multinational chain of fast casual restaurants said in a same-day release.The restaurant was opened in partnership with Sangmidang Holdings, the release said.Chipotle plans to open restaurants at two more locations in South Korea by the end of this year in partnership with Sangmidang, followed by establishing its first restaurant in Singapore in 2027, it said.

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Asia

South Korean Shares Snap Two Days of Gains as Middle East Tensions Push Oil Prices, Inflation Concerns

South Korean shares closed lower on Wednesday, snapping a two-day gaining streak as higher oil prices raised inflation concerns and pushed global bond yields higher. In addition, the U.S. and Iran's resumption of strikes, following their most intense exchange of fire in weeks, also affected sentiment.Washington threatened further strikes, while Iran condemned a U.S. attack that it said killed five civilians at a wedding. The U.S. military said it targeted Iranian air defenses, radar, maritime assets, mine-laying capabilities and communications sites.The Korea Composite Stock Price Index, or Kospi, decreased by 273.08 points, or 4%, to close at 6,562.72. The Kosdaq also fell by 17.27 points, or 2.1%, to close at 803.98.In economic news, South Korea's headline inflation rate quickened to 3.1% in August from 2.8% in July, according to data from the Ministry of Data and Statistics published Wednesday.The latest print missed the market consensus forecast of 3.2%, according to Investing.com.On a month-over-month basis, consumer prices inched up 0.2%, reversing the 0.2% decline the previous month.Meanwhile, the country's core inflation rate, which excludes food and energy prices, accelerated to 3.4% from 2.6% in July. Month-over-month core inflation eased to 0.2% from 0.4%.In other economic news, South Korea plans to raise its 2027 budget by a record 12.8% to 820.9 trillion won, according to government announcements on Wednesday.The plan, approved during a Cabinet meeting on Tuesday, is designed to establish a "growth-led fiscal virtuous cycle," the Ministry of Planning and Budget said.The budget will draw upon 162.3 trillion won in excess tax revenues, surpassing the 10-year domestic tax trend line. Of this total, 45.4 trillion won will be funneled into youth support, growth engines, local regions, and education and talent, the ministry added.In corporate news, Doosan Fuel Cell (KRX:336260) secured a fuel cell system supply contract from Connecticut-based energy company HyAxiom, according to a filing with the Korea Exchange on Wednesday.The contract, valued at 501.4 billion won, is valid until April 20, 2028.Shares of Doosan Fuel Cell fell nearly 13% at market close.

^KOSDAQKOSPIKRX:336260
Asia

Market Chatter: South Korea's Antitrust Regulator Conducts On-Site Inspection at Coupang

South Korea's Fair Trade Commission has made another on-site inspection at U.S.-listed e-commerce company Coupang's Seoul headquarters over possible interference in other companies' operations, The Korea Times reported on Wednesday, citing industry sources.The company cooperated with the fair trade regulator's officials during the probe on Tuesday, according to the report.The watchdog attempted to do an inspection at the company last week over an alleged change in the cost of discounts for its suppliers, with the company refusing the probe.The antitrust regulator and Coupang did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

South Korea Approves Record KRW821 Trillion Budget For 2027

South Korea plans to raise its 2027 budget by a record 12.8% to 820.9 trillion won, according to government announcements on Wednesday.The plan, approved during a Cabinet meeting on Tuesday, is designed to establish a "growth-led fiscal virtuous cycle," the Ministry of Planning and Budget said.The budget will draw upon 162.3 trillion won in excess tax revenues, surpassing the 10-year domestic tax trend line. Of this total, 45.4 trillion won will be funneled into youth support, growth engines, local regions, and education and talent, the ministry added.

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South Korea's August Inflation Quickens on One-Off Telecom Base Effect
US Markets

South Korea's August Inflation Quickens on One-Off Telecom Base Effect

South Korea's headline inflation accelerated further above the central bank's 2% annual target in August, driven largely by a sharp rebound in mobile phone service charges.The consumer price index rose 3.1% year over year in August, quickening from the 2.8% increase in July, according to data released Wednesday. The print came in slightly below the consensus market estimate of 3.2%, tracked by Investing.com.Prices within the communication sector saw the steepest jump across all tracked items, surging 16.6% from the prior year.The spike reflected a 26.7% increase in mobile phone service charges, resulting from the expiration of temporary 50% billing discounts granted in August 2025 following a cyberattack on SK Telecom (KRX:017670).Senior financial official Kang Gi-lyong noted during a government meeting that headline inflation would have stood at about 2.5% excluding the distortion from mobile phone bills, The Korea Herald reported.On a month-over-month basis, consumer prices inched up 0.2%, reversing the 0.2% decline the previous month.Meanwhile, the country's core inflation rate, which excludes food and energy prices, accelerated to 3.4%, the fastest increase since May 2023, from 2.6% in July. Month-over-month core inflation eased to 0.2% from 0.4%.During a meeting to review the latest inflation data, Bank of Korea Deputy Governor Lee Ji-Ho said inflation in September is expected to ease as the impact of the telecom-related base effect subsides."[A] fundamental upward trend is anticipated to continue, centered on core items," the deputy governor said.

^KOSDAQKOSPIKRX:017670
Asia

Market Chatter: Renault Korea's Sales Plunge 34% in August

The sales of Renault Korea Motors, the South Korean unit of the French automaker Renault SA, plunged 34% to 4,261 vehicles in August from 6,457 units sold a year earlier, Yonhap News reported Tuesday.Sales in the country declined 47.7% to 2,024 units in the month from August 2025, while sales overseas fell 13.6% to 2,237 units, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

South Korea's Headline Inflation Accelerates to 3.1% in August

South Korea's headline inflation rate quickened to 3.1% in August from 2.8% in July, according to data from the Ministry of Data and Statistics published Wednesday.The latest print missed the market consensus forecast of 3.2%, according to Investing.com.On a month-over-month basis, consumer prices inched up 0.2%, reversing the 0.2% decline the previous month.Meanwhile, the country's core inflation rate, which excludes food and energy prices, accelerated to 3.4% from 2.6% in July. Month-over-month core inflation eased to 0.2% from 0.4%.

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Asia

South Korea's Kospo Rise for Second Day on Tech Stock Gains

South Korean shares rose for a second consecutive session on Tuesday, lifted by technology stocks despite renewed U.S.-Iran airstrikes and heightened Middle East tensions.The Korea Composite Stock Price Index, or Kospi, increased by 15.78 points, or 0.23%, to close at 6,835.8. The Kosdaq fell by 13.04 points, or 1.6%, to close at 821.25.Iran launched missiles and drones at U.S. bases in Jordan on Sunday in retaliation for a U.S. strike on Larak Island, prompting President Donald Trump to vow a forceful response. Iran later said it would "immediately" reciprocate if Washington fulfills commitments under an interim deal to end the conflict and reopen the Strait of Hormuz.In economic news, South Korea recorded a trade surplus of $34.7 billion in August, compared with $30.4 billion in the previous month, data showed Tuesday.The data beat the forecast for a trade surplus of $30.7 billion, according to Investing.com.Exports increased by 68.7% to $98.3 billion from the year-ago period, while imports expanded 22.5% to $63.5 billion, the Ministry of Trade, Industry and Energy added.In corporate news, Hahn & Co. Auto Services Holdings and KG Steel completed a transaction on Monday involving K Car (KRX:381970) shares, according to a Tuesday filing with the Korea Exchange.Hahn & Co. Auto Services Holdings previously agreed to sell all of its shares in the company, comprising 35,255,670 shares, to KG Steel and In-Guk Jung.Following the transaction's completion, KG Steel now becomes the company's largest shareholder with a 52.52% stake, or equivalent to about 25.6 million shares.Shares of K Car rose nearly 1% at market close.

^KOSDAQKOSPIKRX:381970
International

South Korea Logs Trade Surplus in August as Exports Jump 68.7%, Imports Rise 22.5%

South Korea recorded a trade surplus of $34.7 billion in August, compared with $30.4 billion in the previous month, data showed Tuesday.The data beat the forecast for a trade surplus of $30.7 billion, according to Investing.com.Exports increased by 68.7% to $98.3 billion from the year-ago period, while imports expanded 22.5% to $63.5 billion, the Ministry of Trade, Industry and Energy added.

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International

South Korea's Manufacturing Sector Growth Slows in August

Operating conditions across South Korea's manufacturing sector improved at a slower rate in August, with the S&P Global South Korea Manufacturing Purchasing Managers' Index (PMI) falling to 52.3 from 53.1 in July, according to data released on Tuesday.The reading remained above 50, indicating improved sector performance, although growth moderated since the start of the third quarter.The slowdown in overall growth came despite robust export demand, with export sales rising at the fastest pace since November 2020.New orders increased for a ninth consecutive month, while output expanded for an eighth straight month. However, the pace of expansion eased slightly as capacity constraints persisted.Capacity pressures intensified as material shortages hampered order completions. Backlogs accumulated at a faster pace, while finished-goods inventories fell at their sharpest rate since May as products were often delivered immediately after assembly.Supply chain disruptions also persisted, with transportation issues linked to the Middle East conflict continuing to weigh on operations.Meanwhile, manufacturers' confidence in the year ahead improved to its highest level in three months.

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Asia

South Korean Shares Gain Marginally on Tech Gains; Samsung, SK Hynix Add Over 1%

South Korean shares gained marginally on technology stocks' gains after hawkish comments from Federal Reserve Chair Kevin Warsh dragged markets lower earlier in the day. Major market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added over 1% at market close.The Korea Composite Stock Price Index, or Kospi, increased by 31.14 points, or 0.5%, to close at 6,820.02. The Kosdaq fell by 4.12 points, or 0.5%, to close at 834.29.In economic news, South Korea's all industry production index, which measures output across the mining, manufacturing, services and construction sectors, was steady in July from a month earlier, according to data released by Statistics Korea on Monday.The index compared with a 2.4% increase in June and stood at 120.2 points based on a 2020 benchmark of 100.On an annual basis, the all-industry production index rose 3.1%, softer than the 4.4% growth in the previous month.In corporate news, Samsung Biologics (KRX:207940) said its Switzerland-based unit, Samsung Peptide, has published the prospectus for its public tender offer for PolyPeptide Group, according to a Monday release.The offer includes 44.31 Swiss francs in cash per PolyPeptide share, implying an equity value of about 1.46 billion francs, and represents a 40% premium to the unaffected share price.The offer is expected to run between Sept. 15 and Oct. 12, subject to a minimum acceptance threshold, and the largest individual shareholder, Draupnir Holding, with about a 55.65% stake, has committed to tendering all its shares.Shares of Samsung Biologics rose more than 2% at market close.In other news, Samsung Heavy Industries (KRX:010140) secured a 444.5 billion won contract to build two container ships for an unnamed African buyer, according to a filing with the Korean bourse on Monday.The contract is valid from Aug. 28, 2026, to Dec. 27, 2028. Payment will be made as construction progresses, the filing said.Shares of Samsung Heavy Industries fell more than 1% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:010140KRX:207940
International

South Korea's All Industry Output Remains Steady in July

South Korea's all industry production index, which measures output across the mining, manufacturing, services and construction sectors, was steady in July from a month earlier, according to data released by Statistics Korea on Monday.The index compared with a 2.4% increase in June and stood at 120.2 points based on a 2020 benchmark of 100.Mining and manufacturing output rose 0.2%, slower than the 7% increase in June, while the services index fell 1.3%, turning from the 0.9% rise in the previous month.Construction output fell 1.1%, also reversing the 4.2% increase in June.On an annual basis, the all-industry production index rose 3.1%, softer than the 4.4% growth in the previous month.

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International

South Korea's Retail Sales Slip in July

South Korea's retail sales fell 0.8% year over year in July, according to data released by the Ministry of Data and Statistics on Monday.The performance reversed the 3.9% increase in June.On a month-over-month basis, retail sales fell 2.4%, also reversing the 2.7% gain the previous month.

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Asia

South Korean Shares Close Lower on Tech Sell-Offs, Potential US Tariffs on Chip Firms

South Korean shares closed lower on Friday, snapping a three-day winning streak as investors sold technology heavyweights amid external uncertainties, including concerns over the Trump administration considering a new round of sweeping tariffs on semiconductors.Shares of major market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) fell over 3% and 4%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 123.49 points, or 1.8%, to close at 6,788.88. The Kosdaq rose by 0.76 points, or 0.09%, to close at 838.41.In corporate news, Samsung Biologics (KRX:207940) plans to issue 2.27 million new common shares at a par value of 2,500 won per share through a general public offering of forfeited shares after shareholder allotment, bringing the total value of the allotment to 5.68 billion won.Funds raised via the issuance will be used primarily to acquire securities issued by other corporations, with 294.8 billion won allocated for facility investment, according to a Friday filing with the Korea Exchange.Shares of Samsung Biologics fell nearly 7% at market close.In other news, Kyobo Securities (KRX:030610) has increased its borrowings by 2 trillion won, according to a Thursday filing with the Korea Exchange.The securities company carried out the transaction by increasing the issuance limit of commercial paper and short-term bonds to 4 trillion won from 2 trillion won.The additional borrowings will support an increase in the company's operating funds.Shares of Kyobo Securities rose nearly 1% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:030610KRX:207940
Asia

South Korean Shares Close Over 1% as Nvidia Earnings Lift Sentiment Despite BOK's Rate Hike

South Korean shares closed over 1% higher on Thursday, lifted by stronger‑than‑expected Q2 earnings from U.S. tech giant Nvidia, even as the Bank of Korea raised interest rates for a second straight time.The Korea Composite Stock Price Index, or Kospi, increased by 104.16 points, or 1.53%, to close at 6,912.37. The Kosdaq also rose by 10.78 points, or 1.3%, to close at 837.65.Nvidia reported Q2 revenue of $96.2 billion, up 18% from the previous quarter and 106% from a year earlier, while non-GAAP diluted earnings per share came in at $2.22, up 120% from $1.01 in the year-ago period.In economic news, the Bank of Korea raised its benchmark interest rate by 25 basis points to 3% on Thursday, broadly in line with market expectations.The Monetary Policy Board decided to lift the base interest rate from its previous level of 2.75% as inflation is projected to exceed its target level "for a considerable period."The move follows the BOK's rate hike in July, which marked its first increase in over three years.In corporate news, Samsung Electronics (KRX:005930) said it will look into all potential countermeasures, including an appeal, to a U.K. High Court's order of an $11.6 million payment in damages to Swatch Group, The Korea Times reported Thursday, citing a statement.The ruling stemmed from a damages suit over Samsung hosting smartwatch face designs copying Swatch brands on its Galaxy app store, the report said.Swatch had originally sought $170 million in damages, while Samsung said it earned only $300 from hosting the designs, the report added.Shares of the chipmaker added nearly 2% at market close.

^KOSDAQKOSPIKRX:005930
International

Bank of Korea Delivers Another Rate Hike as Expected

The Bank of Korea raised its benchmark interest rate by 25 basis points to 3% on Thursday, broadly in line with market expectations.The Monetary Policy Board decided to lift the base interest rate from its previous level of 2.75% as inflation is projected to exceed its target level "for a considerable period."The move follows the BOK's rate hike in July, which marked its first increase in over three years.

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