U.S. Semiconductor Index Drops 27% in a Month, Investors Bet on 3x Leverage ETFs
Domestic investors have turned to buying 3x leveraged exchange-traded funds (ETFs) focused on semiconductors, despite a more than 20% drop in U.S. semiconductor stocks over the past month. This trend appears to reflect a strategy of buying on dips, betting on a potential rebound after the recent declines.According to the Korea Securities Depository, the top net purchase in U.S. stocks for July (1-30) was the Direxion Daily Semiconductor Bull 3X ETF (SOXL), with domestic investors net buying $3.3
Special Prosecutors Summon Jeong Won-joo in Unification Church Investigation
The second special investigation team, led by Special Prosecutor Kwon Chang-young, has summoned Jeong Won-joo, the former chief of staff to Unification Church leader Han Hak-ja, regarding allegations of covering up an investigation into overseas gambling.As of 10 a.m. on July 31, the special investigation team is questioning Jeong in his capacity as a witness. This marks the first time Jeong has been interrogated by the team.The allegations of covering up the Unification Church investigation ste
Park Doo-soon Appointed as New Spokesperson for the Ministry of Foreign Affairs
The Ministry of Foreign Affairs announced the appointment of Park Doo-soon as its new spokesperson on July 31.Park, who joined the ministry after passing the 29th Foreign Service Examination, has held various positions including Minister-Counselor at the Embassy in Bangladesh, Chief of Protocol, Minister-Counselor at the Embassy in Lebanon, and Ambassador to Belarus. He has worked in the ministry for over 30 years, primarily focusing on protocol duties, and returned from his four-year tenure as
Stephen Roach: The Old Hong Kong is Gone, but a New Hong Kong is Emerging
Renowned scholar Stephen Roach, a professor at Yale University, recently published a column titled "Yes, the Hong Kong of Old is Over." In the column, Roach downplays Hong Kong's resurgence as the world's top IPO market this year, attributing it solely to support from mainland Chinese companies and the Chinese government. He argues that as the rule of law and press freedom have declined, Hong Kong has transformed from a global financial hub into just another major city in China.However, his clai
2026 Hwacheon Tomato Festival Kicks Off for Ten Days
The 2026 Hwacheon Tomato Festival, a highlight of the summer in Hwacheon County, is set to begin on July 31. This marks the first festival under the Minseon 9th administration, expanding the duration from three days to a record ten days and relocating the venue to Sain Sports Park, aiming to enhance stay-type tourism and revitalize the local economy.According to Hwacheon County, the 22nd annual festival will kick off at 6 p.m. with a pre-show, followed by a harmony dinner at 6:20 p.m. and an ope
U.S. Ambassador Michelle Steel Emphasizes Strong U.S.-South Korea Alliance
U.S. Ambassador to South Korea Michelle Park Steel emphasized the "unwavering trust" in the U.S.-South Korea alliance, stating, "At this critical time, we must come together to open the next chapter of our alliance, ensuring it remains results-oriented and future-focused." In a guest column titled "U.S.-South Korea Alliance: Strong, Modern, and Results-Oriented," Steel expressed hope for continued cooperation with South Korea to maintain the alliance as a cornerstone for peace and security in th
LG CNS Reports Second Quarter Operating Profit of 127.9 Billion Won, Down 9.2%
LG CNS reported second quarter revenue of 1.52 trillion won and an operating profit of 127.9 billion won. While revenue increased by 4.2% compared to the same period last year, operating profit fell by 9.2%.For the first half of the year, the company recorded revenue of 2.83 trillion won and an operating profit of 222.1 billion won, marking increases of 6.1% and 1.1%, respectively, from the previous year. The company noted a growing share of external business revenue across all sectors.Revenue f
Hamyang County Accelerates Disaster Recovery Efforts in Imho District
Hamyang County in South Gyeongsang Province is making steady progress on the "Imho District Improvement Project," aimed at preventing future disasters in Imho Village, which suffered damage from heavy rainfall last year.In preparation for the upcoming rainy season, the county is taking proactive measures to ensure that key debris control facilities function effectively, focusing on building a safety net at the site.According to Hamyang County, the project is part of a recovery initiative funded
Korean Stock Market Soars as Samsung and SK Hynix Surge Over 20%
The Korean stock market is experiencing an unprecedented surge, with explosive gains across the board.On this day, the KOSPI index recorded a remarkable increase of over 14% in just one day. It opened at 6,385.83, while the KOSDAQ index also rose by more than 6%, reaching 683.64, adding vitality to the overall market.The early gains were primarily driven by major semiconductor stocks related to artificial intelligence (AI). SK Hynix, which saw the highest trading volume, surged 22.69% to open at
HS Hwasung Reports 300% Increase in Q2 Operating Profit, Shares Surge 19%
HS Hwasung has seen its operating profit for the second quarter increase by over 300% compared to the same period last year, leading to a surge of nearly 19% in its stock price.According to the Korea Exchange, as of 10:07 a.m. on July 31, HS Hwasung's shares were trading at 47,950 won, up 7,900 won (19.43%) from the previous trading day.On the previous day, HS Hwasung announced that its consolidated revenue for the second quarter reached 430.9 billion won, a 24.9% increase from the same period l