Seoul shares started sharply lower Friday on the US Federal Reserve's hawkish turn, which signaled fewer rate cuts next year. The benchmark Korea Composite Stock Price Index dropped 24.88 points, or 1.02 percent, to 2,411.05 in the first 15 minutes of trading. The Korean won continued to hover above 1,450 won per US dollar, the lowest level in 15 years. It was trading at 1,450.9 won against the greenback at 9:15...

With more South Korean retail investors flocking to US shares and other overseas stock markets, the balance of foreign equities held by Mirae Asset Securities customers has reached 40 trillion won ($27.6 billion), according to the country’s leading brokerage house Thursday. Investors at Mirae Asset Securities held over 40 trillion won in foreign equities, marking an over 10 trillion won gain from the 30 trillion won recorded in June, the firm said. The brokerage firm also saw its customers

Seoul shares ended more than 1 percent higher Wednesday as foreign investors picked up blue chip tech shares in a bargain following the Korean stock market's two-day fall. The Korean won was trading higher against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) added 27.62 points, or 1.12 percent, to close at 2,484.43. Trade volume was moderate at 421.9 million shares worth 6.9 trillion won ($4.8 billion), with winners outnumbering losers 582 to 302. Analysts said the

Samsung Electronics announced Wednesday that it will unveil a new lineup of home appliances powered by artificial intelligence at CES, the world’s largest tech trade show taking place in Las Vegas from Jan. 7-10, 2025. The lineup includes AI-driven refrigerators, washing machines and dryers designed to streamline household tasks and enhance connectivity. Central to these devices is Samsung’s “AI Home” solution, which allows users to remotely monitor and control all compat

Seoul shares started higher Wednesday as investors were paying attention to the results of the Federal Reserve's rate decision meeting. The benchmark Korea Composite Stock Price Index (Kospi) added 16.43 points, or 0.67 percent, to 2,473.24 in the first 15 minutes of trading. Overnight, Wall Street closed lower as investors awaited the Fed's rate decision. The US central bank is widely expected to make its third consecutive rate cut on Wednesday. In Seoul, most big-cap shares gained gr

Seoul shares opened lower Tuesday as investors remain cautious ahead of the US Federal Reserve's rate decision this week. The benchmark Korea Composite Stock Price Index fell 14.97 points, or 0.6 percent, to 2,474.00 in the first 15 minutes of trading. The US central bank is widely expected to cut interest rates for a third straight meeting on Wednesday. In Seoul, large-cap stocks were mixed. Market behemoth Sam...

Seoul shares dipped nearly 1.3 percent Tuesday on big losses by tech and battery shares sparked by a media report on the incoming Trump administration's push for roll back tax credits for the electric vehicle industry. The Korean won lost ground against the US dollar. The benchmark Korea Composite Stock Price Index fell 32.16 points, or 1.29 percent, to close at 2,456.81. Trade volume was moderate at 547.9 million shares worth 9.03 trillion won ($6.3 billion), with losers surpassing winners

Riding a “Santa Claus rally,” a hike in markets seen at the tail end of the year, the price of cryptocurrency bitcoin reached another historic milestone on local exchanges Monday, surpassing the 150 million won ($104,493) mark for the first time. Bitcoin, the world’s largest cryptocurrency, topped its previous all-time high and soared to a new peak of 152 million won on Upbit, the largest exchange in Korea, on Monday. The price had retreated slightly to 151 million won as of 5

Seoul shares ended lower Monday, snapping their four-session winning streak, as foreign investors moved to take profit after market volatility decreased following President Yoon Suk Yeol's impeachment over the weekend. The Korean won was trading lower against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 5.49 points, or 0.22 percent, to close at 2,488.97. The Kospi had kicked off 0.43 percent higher before turning lower. Trade volume was moderate at 515 million

Business leaders are calling on lawmakers to expedite the approval of bipartisan, noncontentious bills on semiconductors and artificial intelligence, amid rising concerns that political uncertainty following President Yoon Suk Yeol’s impeachment could delay enactment of critical legislation, jeopardizing industry competitiveness. Finance Minister Choi Sang-mok on Sunday stressed the importance of passing legislation such as the Semiconductor Special Act, the AI Basic Act and the Expansion