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"Up, up, up": KOSPI zooms past 6,000 — and where next?
SEOUL, Feb 25 (AJP) - It took the KOSPI nearly two months to climb from 4,000 to 5,000 — and less than a month to zoom past 6,000. On Wednesday, the index closed at a record 6,083.86, capping one of the fastest rallies in its history. The jump is striking for a market that once waited more than a decade to reach each new four-digit milestone: 1,000 in 1989, 2,000 in 2007 and 3,000 in 2021. From Dec
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SK hynix okays $16 bn investment into Yongin chip facility to stay ahead in HBM race
SEOUL, February 25 (AJP) - SK hynix said Wednesday it will invest more than 21 trillion won ($15.7 billion) in new semiconductor production facilities at the Yongin Semiconductor Cluster, as it moves to expand capacity and stay ahead in the high-bandwidth memory race amid the artificial intelligence boom. According to a regulatory filing with the Financial Supervisory Service, the company plans to invest 21.61 tri
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The murmured question: Will Rhee become third BOK chief in second term?
SEOUL, Feb. 26 (AJP) — That the Bank of Korea will keep the policy rate steady at 2.5 percent on Thursday is hardly in doubt. Whether Governor Rhee Chang-yong will still be holding the gavel beyond the April meeting is. Rhee’s four-year term ends on April 20, shortly after the next rate-setting meeting on April 10. Whether he remains in office will be decided next month. Under the Bank of Korea Ac
NewJeans' creator proposes settlement to HYBE to resolve NewJeans legal disputes
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New boy band CHASER to release debut album ROUTE 01: Burning Point
K-literature takes center stage in Africa after Han Kang's Nobel win
Why The King's Warden reigns over Korea's box office
YG Plus to open BLACKPINK 'Deadline' pop-up in Seoul
