Seoul, May 24 (IANS) South Korea’s financial authorities are moving to allow foreign investors to trade domestic exchange-traded funds (ETFs) directly, a measure that could help draw more overseas money into Korean assets amid a record-setting rally in the benchmark KOSPI, sources said on Sunday.The KOSPI has been among the world’s best-performing stock indexes this year, rising 82 percent from 4,309.63 on the first trading day of the year to close at 7,847.71 on Friday, driven largely by strong…
Latest SK hynix Inc. News & Updates
Washington, May 23 (IANS) US Trade Representative Jamieson Greer said that there were no immediate semiconductor tariffs coming, according to a report, though he underscored the importance of protecting America’s chip sector.Greer made the remarks at Micron Technology’s memory chip plant expansion project outside Washington, Reuters reported, apparently referring to sectoral duties on chip imports that might come after national security investigations under Section 232 of the Trade Expansion Act…
Seoul, April 21 (IANS) Around two months after an extreme rout caused by the Middle East crisis, South Korea’s stock market showed a dramatic return on Tuesday by setting a new record high amid hopes for the US-Iran peace talks and the revival of a tech rally.The benchmark KOSPI closed 2.72 percent higher at 6,388.47 points. The previous high was recorded on Feb. 26, when the benchmark index closed at 6,307.27, reports Yonhap news agency.Market capitalisation of the KOSPI-listed firms also swell…
Seoul, March 29 (IANS) The market capitalisation of defence stocks rose while that of auto and shipbuilding shares fell on the benchmark Korea Composite Stock Price Index (KOSPI) about a month after U.S.-Israeli air strikes on Iran, bourse data showed on Sunday.According to data by the Korea Exchange (KRX), Samsung Electronics Co. retained the top spot in market capitalization, with 1,063.8 trillion won (US$705 billion) as of Friday, followed by SK hynix Inc. with 657.1 trillion won, reports Yon…
Seoul, March 2 (IANS) The average daily trading value on South Korea’s main stock market reached a record high of over 30 trillion won ($20.7 billion) in February, driven by a rally in semiconductor shares.The benchmark Korea Composite Stock Price Index (KOSPI) rose above the 6,000-point level on Wednesday, less than a month after surpassing the 5,000 mark, reports Yonhap news agency.Average daily turnover on the KOSPI market reached 32.23 trillion won last month, up 19 percent from 27.06 trilli…
Seoul, Feb 14 (IANS) Exports by South Korea’s 10 largest companies accounted for nearly 40 per cent of all outbound shipments last year, reaching a record high, largely driven by strong semiconductor sales, government data showed on Saturday.In 2025, outbound shipments by the top 10 exporters accounted for 39 per cent of the country’s total exports, up 2.4 percentage points from a year earlier, according to the data by the Ministry of Data and Statistics, reports Yonhap news agency.”The concentr…
Seoul, Jan 29 (IANS) Samsung Electronics on Thursday said it has posted record operating profit and sales in the fourth quarter of 2025 on strong sales of premium semiconductor products, including high bandwidth memory (HBM), amid the global artificial intelligence (AI) boom.The company said in a regulatory filing that it posted 20.07 trillion won ($13.9 billion) in operating profit for the quarter, compared with 6.49 trillion won a year ago. Revenue rose 23.8 percent on-year to 93.83 trillion w…
Seoul, Jan 14 (IANS) Amid a recent supercycle in the chip industry led by an artificial intelligence (AI) boom, South Korean chipmakers are becoming vulnerable to non-practicing entities (NPEs) as Washington moves to strengthen patent protection, industry watchers said on Wednesday.NPEs, commonly known as “patent trolls,” generate profits by licensing or enforcing patents rather than producing goods, reports Yonhap news agency.Such concerns have emerged as Samsung Electronics Co. and SK hynix In…