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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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International

South Korea's All-Industry Output Rises 2.3% in June

South Korea's all-industry production index, which measures output across the mining, manufacturing, services and construction sectors, rose 2.3% in June from a month earlier, according to data released by the Ministry of Data and Statistics on Friday.The movement compared with a 0.3% decline in May and stood at 120.1 points based on a 2020 benchmark of 100.Manufacturing output rose 6.8%, reversing the 3.2% decline in May, while the construction index grew 4.1%, sharper than the 3.7% increase in May.Services output inched up 0.7%, decelerating from the 1% expansion the previous month.On an annual basis, the all-industry production index climbed 2.3%, reversing the 0.4% drop in May.

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Asia

South Korean Equities Drop for Third Day as Tech Selling Counteracts Record Samsung Earnings

South Korean shares extended losses for a third consecutive session Thursday, dragged down by retail selling across technology equities as global investors digested the U.S. Federal Reserve's decision to hold interest rates steady alongside ongoing concerns over artificial intelligence capital expenditure.The Korea Composite Stock Price Index, or Kospi, decreased by 69.68 points, or 1.2%, to end at 5,593.56. The Kosdaq also declined by 17.9 points, or 2.7%, to close at 644.78.Market sentiment was restrained after the U.S. Fed voted 9-3 on Wednesday to maintain the federal funds target rate at 3.5%-3.75%.In economic news, credit card spending in South Korea rose 7.6% to 336.9 trillion won in the April-June quarter from a year earlier, Credit Finance Association data showed.The number of approved card settlements climbed 6% to 7.96 billion in the second quarter from the same period last year.The total card approval amount growth rate rose to 7.6% in Q2 from 7.2% in Q1, while card approval volume growth increased to 6% from 5.1% during the period.Consumption improved on higher income, strong semiconductor demand, and government policies aimed at stabilizing prices and supporting public livelihoods. This helped sustain robust card spending growth.In corporate news, Samsung Electronics (KRX:005930) posted a 1,344% year-over-year jump in attributable net income to 71.3 trillion won in the second quarter from 4.934 trillion won, according to a regulatory filing.Sales surged 130% to 171.5 trillion won in the June quarter from 74.6 trillion won, which the South Korean tech company attributed to strong demand for its memory products amid the artificial intelligence boom.Shares of Samsung fell nearly 1% at market close.

^KOSDAQKOSPIKRX:005930
International

Credit Card Spending in South Korea Rises 7.6% in Q2

Credit card spending in South Korea rose 7.6% to 336.9 trillion won in the April-June quarter from a year earlier, Credit Finance Association data showed Thursday.The number of approved card settlements climbed 6% to 7.96 billion in the second quarter from the same period last year.The total card approval amount growth rate rose to 7.6% in Q2 from 7.2% in Q1, while card approval volume growth increased to 6% from 5.1% during the period.Consumption improved on higher income, strong semiconductor demand, and government policies aimed at stabilizing prices and supporting public livelihoods. This helped sustain robust card spending growth.

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Asia

South Korea Outlines New ETF Curbs After Emergency Market Meeting Over Tech Sell-Off

South Korean financial authorities pledged swift action to stabilize markets after convening an emergency meeting on Wednesday, following a sharp sell-off in semiconductor stocks, the finance ministry said in a same-day release.Representatives from the Ministry of Economy and Finance, the Bank of Korea, the Financial Services Commission, and the Financial Supervisory Service attended the meeting.The agencies attributed the recent market volatility to intensifying Chinese competition in the memory chip sector, concerns regarding U.S. technology firm financing, and concentrated retail bets on single-stock leveraged exchange-traded funds (ETFs).The agencies plan to maintain 24-hour market monitoring and put in place additional measures from Friday, including stricter limits on leveraged products, higher transaction costs for excessive trading, simulated trading requirements and more.

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International

South Korea's Business Confidence Improves in July

The Composite Business Survey Index (CBSI) for South Korean enterprises increased 0.8 points to 98.5 in July, but remained in pessimistic territory, according to data from the Bank of Korea on Thursday.A print above 100 indicates optimism, while a reading below suggests negative sentiment. The latest reading compared with 97.7 points recorded in the previous month.The index for businesses' outlook for the following month also rose 1.3 points to 96.5.Within the manufacturing sector, the CBSI edged up 2 points to 103.2, while the index for the non-manufacturing sector fell 0.2 points to 95.2.Meanwhile, the Economic Sentiment Index, which combines the CBSI and the Consumer Survey Index (CSI) released Tuesday, rose 1.1 points to 97.9.The CSI inched up 0.2 points to a positive reading of 106.8 in July.

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Asia

South Korean Shares Extend Selloff for Second Day, Kospi Plunge Nearly 6% on AI Spending Concerns

South Korean equities plummeted for a second straight session on Wednesday, driven by an accelerating selloff across major technology and semiconductor holdings over concerns regarding artificial intelligence investment returns.The Korea Composite Stock Price Index, or Kospi, decreased by 360.42 points, or 6%, to end at 5,663.24. The Kosdaq also declined by 43.17 points, or 6.1%, to close at 662.68.The market slide overshadowed positive economic indicators released Tuesday by the Ministry of Culture, Sports and Tourism. South Korea welcomed 1.99 million foreign tourists in June, rising 23.1% from a year ago, the Ministry of Culture, Sports and Tourism said Tuesday.The total number of foreign tourists reached 10.71 million in the first half of 2026, up 21.3% year over year, the government agency said.Foreign credit card spending hit 2.54 trillion won in June, bringing the total to more than 10 trillion won in the first half.In corporate news, Daewoo Engineering & Construction (KRX:047040) was removed as a contractor for the Gangnam Wonhyoseong villa housing redevelopment project, according to a Tuesday filing with the Korea Exchange.Shares of Daewoo Engineering & Construction fell nearly 11% at market close.

^KOSDAQKOSPIKRX:047040
International

South Korea's Number of Foreign Visitors Grows 23% in June

South Korea tallied 1.99 million foreign tourists in June, rising 23.1% from a year ago, the Ministry of Culture, Sports and Tourism said Tuesday.The total number of foreign tourists reached 10.71 million in the first half of 2026, up 21.3% year over year, the government agency said.China had the largest share of visitors for the month with 650,000 arrivals, followed by Japan with 350,000 and Taiwan with 220,000.Visitors from North America reached 220,000, with Europe tallying 120,000 and six major Southeast Asian countries with 230,000.Air travel accounted for the majority of the mode of transportation, totaling 1.74 million people.Foreign credit card spending hit 2.54 trillion won in June, bringing the total to more than 10 trillion won in the first half.

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Asia

Tech Sell-Off Drags South Korean Equities Down, Triggering Circuit Breakers

South Korean stocks plunged on Tuesday as a sharp sell-off in semiconductor heavyweights dragged the benchmark KOSPI down over 10%, triggering market-wide circuit breakers. Shares of major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) declined 13%, 15%, and 6%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 732.09 points, or 10.8%, to end at 6,023.66. The Kosdaq also declined by 59.01 points, or 7.7%, to close at 705.85.In economic news, South Korea's consumer sentiment improved in July, with the Composite Consumer Sentiment Index rising 0.2 points to 106.8, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.6 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.Inflation expectations for the upcoming 12 months fell 0.1 percentage point to 2.7%.In corporate news, Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 12% at market close, while those of Korea Electric Power fell 7%.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:015760KRX:047040KRX:373220
Asia

South Korea's Ministry of Science and ICT, AMD Partner to Develop Sovereign AI Ecosystem

The Ministry of Science and ICT of the Republic of Korea and US-based chipmaker Advanced Micro Devices (AMD) signed a partnership to develop a sovereign AI infrastructure and semiconductor ecosystem in South Korea, AMD said in a Monday release.The two parties plan to work together on AI for science and physical AI, software development, advanced research, talent development, and foundation models and world models for physical AI, including a computing environment that combines AMD central processing units and graphics processing units with Korea-developed AI technologies, the release said.AMD plans to establish an AMD AI center of excellence in South Korea, which will support AMD's global AI software development while increasing collaboration with South Korean universities, research institutions, and the broader AI ecosystem, it said.

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South Korea Consumer Sentiment Edges Up in July as Inflation Expectations Ease
US Markets

South Korea Consumer Sentiment Edges Up in July as Inflation Expectations Ease

South Korea's consumer sentiment edged higher in July as households grew slightly more optimistic about their future income and living standards, while one-year inflation expectations eased.The Composite Consumer Sentiment Index rose to 106.8 in July from 106.6 in June, the Bank of Korea survey data showed Tuesday.Consumer sentiment on current living standards slipped to 93 from 94, while expectations for future living standards improved to 98 from 97.Expectations for future household income also increased to 101 from 100, while those for future household spending were unchanged at 110.Sentiment on current domestic economic conditions fell to 84 from 86, while expectations for future economic conditions held steady at 92.One-year ahead inflation expectations eased to 2.7% from 2.8% in June. Three-year ahead inflation expectations also declined to 2.6% from 2.7%, while five-year ahead expectations were unchanged at 2.6%.The survey follows the Bank of Korea's decision earlier this month to raise its benchmark interest rate by 25 basis points to 2.75%, the first increase since January 2023, citing stronger economic growth, persistent inflationary pressures and financial stability risks.The central bank said exports and investment, driven by the semiconductor sector, continued to support the economy, while consumption showed signs of strengthening."Inflation is forecast to remain above the target level for a considerable time, as elevated cost pressures persist and demand-side pressures also gradually increase," the Bank of Korea said.The central bank expects consumer inflation to remain above its 2% target despite easing global oil prices, as elevated costs, a weaker won and strengthening domestic demand continue to support price pressures.

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International

South Korea's Consumer Confidence Improves in July

South Korea's consumer sentiment improved in July, with the Composite Consumer Sentiment Index rising 0.2 points to 106.8, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.6 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.The sub-index for current living standards fell to 93 from 94 in June, while the consumer sentiment index for future conditions rose to 98 from 97, both still in pessimistic territory.Meanwhile, inflation expectations for the upcoming 12 months fell 0.1 percentage point to 2.7%.

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Asia

South Korea Signs AI Semiconductor Cooperation MoU with US Chipmaker AMD

South Korea signed a memorandum of understanding with US chipmaker AMD for bilateral cooperation in the AI semiconductor ecosystem, according to a Monday release from the Ministry of Science and ICT.Under the agreement signed on July 23, the parties will establish the AMD Artificial Intelligence Excellence Research Center in the country and conduct AI research for science.

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Asia

Kospi Surges 1% on Tech Gains Amid Halt in Middle East Hostilities; Samsung Climbs 2%

South Korean stocks rallied on Monday, led by technology shares, as a halt in Middle East hostilities lifted investor sentiment.The U.S. and Iran paused strikes in recent days, raising hopes of another possible ceasefire and pushing Brent and West Texas Intermediate (WTI) crude prices down nearly 5% after last week's rally. Meanwhile, the U.S. 10-year Treasury yield remained near 4.7% ahead of the Federal Reserve's interest rate decision on Wednesday.The Korea Composite Stock Price Index, or Kospi, increased by 65.13 points, or nearly 1%, to end at 6,755.75. The Kosdaq also rose by 16.64 points, or 2.2%, to close at 764.86.In corporate news, Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.Shares of Samsung Electronics added nearly 2% at market close.In other news, SK Group, the parent of SK Hynix (KRX:000660), signed a memorandum of understanding with U.S.-based chipmaker Nvidia to secure and co-develop next-generation AI memory, Nvidia said in a press release on Friday.The two companies will jointly develop and optimize next-generation AI memory, including high-bandwidth memory (HBM), for AI infrastructure spanning large language models, agentic AI and physical AI, according to the release.Shares of SK Hynix increased more than 3% at market close.Additionally, Naver (KRX:035420), Nvidia, and private-equity firm Brookfield proposed expanding South Korea's sovereign AI factory infrastructure by increasing the planned Nvidia DSX AI factory deployment to 200 megawatts from the 55-megawatt project announced in June, Nvidia said in a press release on Friday.The expanded facility will be built at Naver's GAK Sejong hyperscale data center in South Korea's Sejong. Nvidia plans to invest $1 billion in Naver, while Brookfield signed a non-binding term sheet to provide up to $9 billion in funding, with Naver financing the balance.Shares of Naver jumped nearly 9% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:035420
Asia

South Korean Shares Close Sharply Lower on Escalated US-Iran Military Conflict, Oil Price Jump

South Korean shares broke a three-day winning streak to close sharply lower on Friday, amid escalating tensions in the Middle East.The U.S. carried out a 13th straight night of strikes on Iran on Thursday, targeting military sites and commercial establishments, while Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea. In addition, these escalations led to oil prices climbing above $100 a barrel.The Korea Composite Stock Price Index, or Kospi, decreased by 406.27 points, or 5.7%, to end at 6,690.62. The Kosdaq also fell by 42.06 points, or 5.3%, to close at 748.22.In corporate news, Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached, while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell nearly 8%, those of Hyundai Motor and HD Hyundai Electric declined 7%, while shares of HD Hyundai Heavy Industries fell nearly 3% at market close. Shares of Hanwha Aerospace added over 2%, while shares of Kakao and Naver declined 3% and 6%, respectively.In other news, KB Financial Group (KRX:105560) posted a 3.2% year-over-year decline in profit attributable to owners of the parent to 1.124 trillion won from 1.161 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.Net sales fell 17% to 11.8 trillion won from 14.2 trillion won for the three months ended June 30.Shares of KB Financial slipped 3% at market close.

^KOSDAQKOSPIKRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
International

Trump Administration Slaps Up to 12.5% Tariffs on 60 Nations Over Forced Labor Concerns

US President Donald Trump's administration on Thursday imposed new tariffs of up to 12.5% on South Korea, Japan and 58 other trading partners over forced labor concerns.The imposition of tariffs followed Section 301 investigations into whether these economies fail to prohibit or enforce a ban on imports made with forced labor, according to White House statement on Thursday.Japan, South Korea, and Switzerland face a net 12.5% cap, meaning their effective tariffs are reduced by their existing Most-Favored Nation (MFN) duties.Australia and China will face a straight 12.5% tariff on all goods while Taiwan and the European Union will see tariffs capped at a net 10% (the difference between the MFN rate and 10%).Southeast Asian nations received mixed treatment: Malaysia, Indonesia India, and Bangladesh were assigned a 10% tariff with additional textile tariff-rate quotas (TRQs) to encourage U.S. cotton and textile imports, while the Philippines, Singapore, Thailand, and Vietnam were lumped into the 12.5% category.There is a proposed 10% tariff on goods from economies that have a forced labor import ban in place but are not yet effectively enforcing it.The six economies falling into this category are Canada, Ecuador, the European Union, Indonesia, Mexico, and Pakistan.

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Asia

South Korean Shares Extend Winning Streak on Tech Rally

South Korean shares closed sharply higher for a third consecutive day, driven by a rally in technology shares after Alphabet's strong second-quarter earnings.The Korea Composite Stock Price Index, or Kospi, increased by 299.19 points, or 4.4%, to end at 7,096.89. The Kosdaq also rose by 39.19 points, or 5.2%, to close at 790.28.Shares of Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) gained nearly 4% and 5%, respectively, at market close.In economic news, South Korea's GDP grew 3.7% year over year in the second quarter, according to advance estimates released by the Bank of Korea on Thursday.The pace of growth weakened marginally from the 3.8% expansion recorded in the previous quarter, but beat the consensus forecast for a 3.5% expansion, tracked by Investing.com.In corporate news, Samsung Heavy Industries (KRX:010140) signed a memorandum of understanding with U.S. nuclear power plant design firm Sargent & Lundy to develop a floating small modular reactor standard platform.Shares of Samsung Heavy Industries jumped over 9% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:010140
Asia

Market Chatter: South Korea, US to Disclose First Bilateral Investment Project Next Month

South Korea and the United States are expected to disclose their first investment project under a bilateral trade agreement next month, pending discussions in the energy sector, Yonhap News reported Thursday, citing South Korean Industry Minister Kim Jung-kwan.The South Korean minister, who is in Washington for a four-day visit, is scheduled to meet US Commerce Secretary Howard Lutnick and other officials to discuss investment and trade issues.Under last year's trade agreement, South Korea committed to invest $350 billion in the United States, with an annual investment cap of $20 billion.(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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Asia

S&P Says Currency Depreciation Has Mixed Impact on Asian Corporates

Asian corporates will face mixed effects from currency depreciation, S&P Global Ratings said Wednesday.Exporters will see gains from weaker currencies while importers are pressured by their inability to pass on greater costs, the rating agency said.India, Indonesia, Japan and South Korea have experienced weaker local currencies, but S&P said most rated companies should be able to manage the risks.However, some issuers show greater vulnerability to depreciation amid mismatches in operational and financing foreign exchange, S&P analyst Simon Wong said.Firms that mostly use domestic revenue and cash flow to anchor notable amounts of US dollar debt are subject to greater refinancing risk under steep depreciations, the analyst said.Still, S&P views companies as stronger compared to past instances of depreciation, given natural or financing hedging of foreign currency debts, manageable volume of maturing US dollar notes, and less dependence on US dollar borrowing.

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South Korea's Economy Loses Steam in Second Quarter as Exports Cool
US Markets

South Korea's Economy Loses Steam in Second Quarter as Exports Cool

South Korea's economy expanded 3.7% in the second quarter from a year earlier, according to the Bank of Korea's advance estimate published Thursday.The pace of growth weakened marginally from the 3.8% expansion recorded in the previous quarter, but beat the consensus forecast for a 3.5% growth, tracked by Investing.com.On a quarter-over-quarter basis, the economy rose 0.6%, also decelerating from the 1.8% increase in the previous quarter. The latest print, however, was up from the 0.4% consensus forecast.Real gross domestic income jumped 15.6% year over year, accelerating from the 13.2% growth in Q1.The slowdown in annual GDP growth was partly due to a softer rise in exports of goods and services at 9% in Q2 versus 11.8% in Q1. Import growth likewise weakened to 6.3% from 8.5%.On the production side, output from the agriculture, forestry and fishing sector contracted 2.4% after growing 3.5% in Q1, while manufacturing output growth decelerated to 6.5% from 7.2%Utilities production inched down 0.5%, softening from the 5% drop the previous quarter.On the expenditure side, private consumption rose 2.5% year over year, weaker than the 2.7% increase in Q1. On a quarter-over-quarter basis, private consumption edged up 0.4%, which the BOK attributed to increased spending on household appliances, restaurants, and accommodations.The advance estimate was published a week after the BOK raised its benchmark interest rate for the first time in three and a half years.Also last week, South Korea lifted its full-year GDP growth forecast for 2026 to a five-year high of 3%, citing a semiconductor boom.

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International

South Korea's Q2 GDP Growth Slows to 3.7%

South Korea's GDP grew 3.7% year over year in the second quarter, according to an advance estimate released by the Bank of Korea on Thursday.The pace of growth weakened marginally from the 3.8% expansion recorded in the previous quarter, but beat the consensus forecast for a 3.5% expansion, tracked by Investing.com.On a quarter-over-quarter basis, the economy expanded 0.6%, also decelerating from the 1.8% increase in the previous quarter. The latest print, however, was up from the 0.4% consensus forecast.

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