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338 stories mentioning KOSPIUpdated 10h ago

Opened up 1.8% on the US-Iran deal and strong May export prices driven by a surge in semiconductor-linked products.

Asia Week Ahead: U.S. Interest Rate Decision, Japan's Data Deluge, Industrial Output

Several key data releases are scheduled this week, with a decision by the U.S. Federal Reserve on Wednesday regarding interest rates taking center stage.The economic release calendar will gain momentum as the week progresses.Following business and consumer confidence survey reports, industrial and production data, and import and export prices, the bulk of economic disclosures will be released Friday.Japan is set to announce an interest rate decision at the end of the week. The week ahead also features the usual end-of-month data deluge from Japan that could provide insights into its economic health and potential monetary policy direction.MONDAY, July 27The Monetary Authority of Singapore (MAS) tightened monetary policy for a second straight review, slightly raising the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band.Meanwhile, the city-state's manufacturing output rose 7.2% year over year in June, slowing from a revised 17.8% increase in May and missing the 9% forecast of Trading Economics.Elsewhere, profits of China's major industrial firms grew 15.1% year over year in June, softer than the 21.1% gain in May.TUESDAY, July 28India is expected to see a year-over-year rise of 5.3% in industrial production in June, according to economists at ING. Manufacturing production is projected to increase 5%, based on a Trading Economics forecast.South Korea will release consumer confidence data.WEDNESDAY, JULY 29Markets will be on the lookout for the U.S. Fed's interest rate decision, with Investing.com and Westpac expecting the regulator to keep the policy unchanged for the fifth straight meeting.Elsewhere, Singapore is set to release domestic supply and manufactured products price index data, as well as export and import price figures.THURSDAY, July 30South Korea will release its business confidence report, while Japan publishes its consumer confidence data.Singapore will report its unemployment statistics for June, with Investing.com projecting a 2.1% rise.FRIDAY, JULY 31Japan is expected to keep its interest rate steady at 1%, according to predictions by ING and Investing.com.Japan's Usual End-of-Month Data DelugeInflation: Tokyo inflation figures will give further insights into Japan's inflation outlook. Tokyo's annual inflation rate is estimated to rise slightly to 1.8% in July, according to market consensus forecast data quoted by ING and Westpac Economics.Retail Performance: June retail sales are expected to increase 2.8% year over year, according to a Trading economics consensus.Activity: Industrial production is estimated to increase 1.8% compared with a 2.1% decline a year prior.Unemployment: Japan's unemployment rate will likely remain unchanged in the month at 2.5%, according to a Trading Economics consensus.Elsewhere, experts at ING forecast a slowdown of China's manufacturing PMI to 50.1 in July from 50.3 the previous month. Non-manufacturing PMI is expected to decelerate to 50 from 50.2 in the previous month.ANZ Research, however, projects manufacturing PMI to fall to 49.9 amid a correction in commodity prices, which dampened business sentiment and corporate profit outlook, the Wall Street Journal reported citing Senior Rates Strategist Jennifer Kusuma.Westpac Economics sees manufacturing activity as broadly stable, alongside a focus on domestic demand for services.Other key indicators due Friday are South Korea's industrial output and retail sales data for June, as well as Singapore's business confidence report for the second quarter.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted

Asia7d ago

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

Asia10d ago

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

Asia11d ago

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

Asia11d ago

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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Asia11d ago

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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US Markets11d ago

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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International11d ago

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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Asia12d ago

Market Chatter: South Korea's Industry Minister to Hold Trade, Investment Talks Ahead of US Tariff Deadline

South Korea's Industry Minister Kim Jung-kwan is reported to have departed for Washington on a scheduled visit to the United States from July 22 to 25 to meet US Commerce Secretary Howard Lutnick to discuss investment and bilateral trade issues, Reuters reported Wednesday.The visit assumes significance as South Korea awaits an expected US decision on additional tariffs under Section 301 of the Trade Act.The Jung-kwan is also scheduled to hold talks with US Energy Secretary Chris Wright on energy and resource cooperation and will also attend the opening ceremony of the South Korea-US Shipbuilding Partnership Center in Washington.(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.)

KOSPI

Asia12d ago

South Korean Shares Close Higher for Second Day on Overnight Wall Street Gains

South Korean shares closed higher on Wednesday for a second straight day on overnight Wall Street gains, ahead of second-quarter earnings releases of US big tech companies.U.S. stocks rebounded on Tuesday, with the Dow Jones Industrial Average gaining 0.74%, the S&P 500 adding 0.89% and the Nasdaq Composite climbing 1.3%, as all three indexes snapped three-day losing streaks.The Korea Composite Stock Price Index, or Kospi, increased by 49.75 points, or 0.7%, to end at 6,797.7. The Kosdaq fell by 2.25 points, or 0.3%, to close at 751.09.In economic news, South Korea's producer price index (PPI) increased 8.6% year over year in June, according to preliminary data from the Bank of Korea released on Wednesday. The reading remained unchanged from the previous month but exceeded Trading Economics' forecast of 8.2%.PPI inflation across agricultural, forestry and marine products, and services was unchanged in June from May, while that of manufacturing products slowed. Out of all the primary sectors, only utilities posted an acceleration in producer price growth.On a month-over-month basis, South Korea's PPI was flat after rising for nine straight months.In corporate news, Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), introduced an integrated vehicle-to-everything (V2X) service called AllDayEnergy around the world, which would allow electric vehicles to double as mobile energy sources.The automotive group will work with Hana Financial Group (KRX:086790) subsidiary Hana Bank to introduce "AllDayEnergy My Heart Savings Account," Hyundai Motor Group said in a Tuesday release.V2X allows two-way power flow between electric vehicle batteries and the grid, enabling users to lower charging costs and generate revenue. The service stores electricity during off-peak hours and supplies it when the requirement is higher, it said.Shares of Hyundai Motor jumped nearly 5% while those of Kia added about 2% at market close.In other news, Unionized workers at Kakao Corporation (KRX:035720) subsidiary Kakao Bank voted to carry out a full-scale strike on July 31 after failed talks with management over salary hikes and other benefits, Yonhap News reported Wednesday.The bank's union and management are at odds over wages and benefits after no agreement was reached during negotiations, despite the bank posting record first-quarter operating income and revenue, the report said.Kakao Corp. has also faced continued wage-related disputes, with union members carrying out strikes last month, according to the report.The company did not immediately respond to a request for comment from.Shares of Kakao Corp. added nearly 1% at market close.

^KOSDAQKOSPIKRX:000270KRX:005380KRX:035720

Asia12d ago

Shinsegae Group Ties Up with OKO for Real Estate JV

South Korean retail conglomerate Shinsegae Group plans to launch a joint venture with U.S.-based real estate developer OKO Group to develop luxury hotels and other real estate projects, according to a Tuesday release.The Korean conglomerate said it has signed a memorandum of understanding in Seoul on Tuesday, with the two companies aiming to raise $500 million in initial investment for the joint venture.The JV plans to set luxury hotels and branded residences across Asia and North America, as well as commercial and mixed-use real estate projects in South Korea.

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US Markets12d ago

South Korea Producer Inflation Stalls in June as BOK Eyes More Hikes

South Korea's producer price index (PPI) increased 8.6% year over year in June, according to preliminary data from the Bank of Korea released on Wednesday.The reading remained unchanged from the previous month but exceeded Trading Economics' forecast of 8.2%.On a monthly basis, the reading was flat after rising 1% in May.Manufacturing product prices fell from May, while agricultural, forestry and marine product prices rose. Prices for electric power, gas, water and waste increased, while services edged up.Within manufacturing, coal and petroleum product prices dropped month over month, while chemical products declined. Prices for basic metal products rose, and computer, electronic and optical equipment increased.The total output price index, which measures prices of goods and services produced by domestic producers, increased 0.4% month over month and 17.6% year over year.The producer price data comes after the Bank of Korea last week raised its benchmark seven-day repurchase rate by 25 basis points to 2.75%, its first increase since January 2023.The move marked the start of a new tightening cycle after the central bank cut borrowing costs four times since late 2024.Policymakers cited persistent inflation pressures and indicated further rate increases remain possible."The next several policy meetings are all live," Bank of Korea Governor Rhee Chang-yong said after the decision. "We'll keep all options open and base our decisions on the incoming data."

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Equities12d ago

Market Chatter: South Korea Says Crude Oil Supplies Secure Through September

South Korea has secured crude oil supplies equivalent to 110% of last year's levels for July and August and about 90% for September, securing its energy needs even as the Middle East conflict continues to disrupt global supply chains, Yonhap News reported Tuesday, citing the South Korean industry ministry.The ministry said that since June, as many as six oil tankers bound for South Korea have transited the Strait of Hormuz, with three already arriving, adding that it sees no significant concerns over crude supplies through September.(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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International12d ago

South Korea's Producer Inflation Remains at 8.6% in June

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Asia13d ago

South Korean Shares Rebound as Bargain Hunting Pushes Tech Stocks Higher

South Korean shares stopped their two-day losing streak and closed sharply higher on Tuesday, after investors took to bargain-hunting, with a particular focus on technology stocks.The Korea Composite Stock Price Index, or Kospi, increased by 231.68 points, or 3.6%, to end at 6,747.95. The Kosdaq also rose by 3.7 points, or 0.5%, to close at 753.34.In corporate news, Samsung Electronics' (KRX:005930) US unit, Samsung Electronics America, launched its first credit card called the Galaxy Card in the U.S., according to a Tuesday release.The Samsung Galaxy Card, issued by Barclays US Consumer Bank on the Visa network, will take applications from Wednesday, July 22, the release said.Shoppers can also apply for the card at Samsung retail stores and receive an extra $200 cash bonus after spending $2,000 within the first 90 days of opening the account.Shares of Samsung Electronics added over 6% at market close.In other news, Fitch affirmed KB Financial Group (KRX:105560) subsidiary Kookmin Bank's long-term issuer default rating (IDR) at A and short-term IDR at F1+ with a stable outlook.The ratings agency on Monday also affirmed the Korean bank's government support rating (GSR) and viability rating (VR) at a.Fitch expects the bank's underlying profitability to remain above 2% over the next two years, aided by moderate loan growth, cost discipline and a stabilizing net interest margin. In addition, the bank's strong domestic banking franchise, along with its diverse products and solutions, is expected to raise business volumes and lead to resilient near-term earnings.Shares of KB Financial Group added over 3% at market close.

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Asia13d ago

Market Chatter: Coupang Logistics Fire Forces Evacuations After 52-Hour Blaze

A fire at Coupang's Incheon fulfilment center raged for over two days, prompting evacuations of nearby businesses due to structural collapse risks, Reuters reported on Monday, citing authorities.The blaze started early Saturday on the sixth floor and spread upward to the seventh, the news wire said.Authorities continue to monitor the site as concerns over building stability persist, the publication said.Coupang did not immediately respond to' request 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.)

KOSPI

Asia14d ago

Blackstone-Backed Private Equity Funds Agree to Invest in South Korea's Futronic

Private equity funds affiliated with Blackstone signed a definitive agreement with Futronic to make a considerable investment in the latter, the South Korean manufacturer of high-precision actuators and motion control solutions, the US-based alternative asset manager said in a Monday release.The definitive agreement is being made in partnership with Futronic founder Jin-ho Ko, who will remain chairman and chief executive officer and work with Blackstone. Founded in 1993, Futronic has primary operations in South Korea and the U.S.The value of the investment remains undisclosed.

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International14d ago

Asia Week Ahead: Bank Indonesia Decision, Japan Inflation, Korea GDP

Several key economic releases are due across Asia this week, including central bank decisions, inflation data, gross domestic product figures and flash purchasing managers' index reports.The week begins with China's benchmark lending rates on Monday, followed by Taiwan's June export orders on Tuesday.Indonesia's central bank will announce its interest rate decision on Wednesday. On Thursday, South Korea will report second-quarter gross domestic product, and Singapore will publish June inflation figures.The week wraps up with July flash PMI data from India and Japan on Friday. Japan will also release inflation numbers.Here's what to watch in the week ahead.MONDAY, July 20The People's Bank of China left its benchmark lending rates unchanged for the 14th consecutive month, matching the consensus forecast tracked by Investing.com.The one-year loan prime rate, which serves as the benchmark for most corporate and household loans, was held at 3%. Meanwhile, the five-year LPR, the reference rate for residential mortgages, was maintained at 3.5%.Elsewhere, Malaysia's trade surplus narrowed to 14.9 billion ringgit in June from 39.9 billion ringgit in May.Total exports grew 45.4% year over year to 177.9 billion ringgit, while imports rose 43.9% to a record 163 billion ringgit.India's infrastructure output for June is also expected later today.TUESDAY, July 21Taiwan will report June export orders, with ING economists forecasting a 43.9% increase, slower than the 47.2% rise in May.WEDNESDAY, July 22Bank Indonesia is expected to hike rates by 25 basis points to 6%, according to a forecast by ING, adding that the increase underscores the central bank's commitment to foreign exchange stability by attracting foreign inflows and stabilizing the local currency.The hike is anticipated to be the last of the cycle, according to DBS economists.South Korea's producer prices are forecast to have risen 8.2% year over year in June, slowing from 8.5% in the previous month, according to Trading Economics.Elsewhere, Japan may see a trade deficit of 120 billion yen in June, narrowing from the 378.7 billion yen recorded in May, according to consensus estimates.Exports and imports are expected to climb 18.6% and 21% year over year, respectively.THURSDAY, July 23South Korea will release its Q2 GDP. ING said the economy likely grew 4.2% year over year in the April to June period, up from 3.8% in the first quarter, driven by positive net exports.Singapore will publish inflation data for June, with ING economists forecasting core inflation at 1.7%, and Trading Economics at 1.6%. This compares to 1.4% in May.FRIDAY, July 24Japan will release inflation figures for June. Trading Economics expects the nation's core consumer price index, which excludes volatile fresh food prices, to be 1.5%, slightly higher than May's 1.4%.Flash PMI reports for Japan and India are also due on Friday.Lastly, Singapore will post industrial production numbers, with Trading Economics forecasting a 9% year-over-year boost in June, slowing from May's 13% growth.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted

Asia14d ago

Market Chatter: South Korea's Per Capita GDP Expected to Rise 7.6% in 2026

The per capita gross domestic product of South Korea is expected to rise 7.6% year on year to about $39,164 in 2026, the strongest annual growth in the last five years, Yonhap News reported Sunday, citing data from local Korean analysts.The projected per capita GDP is expected to reach $39,164 this year, up $2,750, which will be the biggest year-over-year jump since the 11.5% recorded in 2021, according to projections reported.The estimates, based on the government's revised forecast of 12.3% nominal GDP growth, project South Korea's nominal GDP at 3,005.9 trillion won in 2026 from 2,676.7 trillion won in 2025.(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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International14d ago

South Korea Unveils Roadmap to Make Won Freely Exchangeable Globally

The South Korean government on Sunday unveiled the won internationalization roadmap designed to transition the won from a heavily regulated asset into a freely convertible currency.The plan includes building infrastructure for around-the-clock, location-free trading, according to a statement by the finance ministry on Monday.Authorities also pledged to maintain balanced risk management measures alongside the gradual push for internationalization.The joint effort involves the Ministry of Economy and Finance, the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, and the Korea Securities Depository.

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