South Korean stocks opened stronger Wednesday as investors snapped up blue chips across the board following overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index climbed up 46.43 points, or 1.77 percent, to 2,669.45 in the first 15 minutes of trading. Overnight on Wall Street, the S&P 500 rose 1.2 percent and the tech-heavy Nasdaq jumped 1.59 percent, while the Dow Jones Industrial Average gained 0.69 percent, as tech heavyweights lifted the broader US stock market.

이르면 6월부터 육･해･공군 각군 본부가 위치한 계룡대 내에서 아이폰 사용이 전면 금지될 것으로 보인다. 최근 아이폰 사용자들도 별도의 앱을 통해 통화녹음이 가능해지면서 늘어난 기밀 유출 우려에 따른 조치이다. 23일 다수의 군관계자들에 따르면 지난 11일 공군본부는 인트라넷망을 통해 ‘전기능차단제한장비’를 불허한다는 내용의 공문을 전파했다. 공군본부는 “녹음기, 레코드 등 앱을 통한 대화나 회의 내용 녹음 뿐만 아니라 개인 통화 녹음 등 모든 음성데이터 저장”을 통제한다는 지침과 함께 “각종 사업공고, 공적민원, 잔여상담, 개인소통 등의 통화녹음이 필요한 부분까지 차단이 불가피하다”고 밝혔다. 공문 한 편에는 “아이폰 반입 통제”라는 문구가 명시돼 있다. ‘전기능차단제한장비’란 카메라와 녹음 등 일부 기능을 차단하는 권한을 요청하는 서드파티앱을 허용하지 않는 전자기기를 지칭한

South Korean stocks finished slightly lower Tuesday as foreign investors took profit despite overnight gains on Wall Street. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index fell 6.42 points, or 0.24 percent, to 2,623.02. Trade volume was moderate at 316 million shares worth 9.43 trillion won ($6.84 billion). Winners, however, outpaced losers 671 to 403. Foreign investors sold a net 288.8 billion won, while institutions and individuals combined bought a

Samsung Electronics, the world’s largest memory chip maker, said Tuesday it kicked off the mass production of its one-terabit triple-level cell vertical NAND, or V-NAND, which is about 50 percent denser and 10 percent more energy efficient than its predecessor that launched in 2022. “We are excited to deliver the industry’s first 9th-gen V-NAND which will take future applications leaps forward. To address the evolving needs for NAND flash solutions, Samsung has pushed the bou

South Korea’s military is considering a comprehensive ban on iPhones in military buildings due to increasing concerns about possible leaks of sensitive information through voice recordings, according to multiple military sources on Tuesday. The sources, a group of ranking officers who wished to speak on condition of anonymity, said that the Air Force headquarters released an internal announcement on the military's intranet server on April 11, instructing a complete prohibition on any

South Korean stocks opened slightly higher Tuesday as investors picked up tech and auto shares following overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index edged up 4.4 points, or 0.17 percent, to 2,633.84 in the first 15 minutes of trading. Overnight on Wall Street, the S&P 500 rose 0.9 percent and the tech-heavy Nasdaq jumped 1.1 percent, while the Dow Jones Industrial Average gained 0.7 percent, as investors looked forward to positive first-quarter corporate e

Investors of the two Korean chip makers – Samsung Electronics and SK hynix -- dumped their shares Monday after Nvidia, the US chip giant, lost almost 10 percent Friday -- its worst day since March 2020. Market heavyweight Samsung Electronics and its chip rival SK hynix opened weaker in the day compared to Friday’s closing. Samsung and SK hynix fell 1.93 percent and 0.98 percent, respectively, to end trading at 76,100 won ($55.14) and 171,600 won on the country’s benchmark Kospi

South Korean stocks rose over 1.4 percent Monday as financial, auto and other blue chips advanced after last week's overall market decline amid eased tensions in the Middle East. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index climbed 37.58 points, or 1.45 percent, to close at 2,629.44. Trade volume was moderate at 389 million shares worth 10.85 trillion won ($7.86 billion), with winners outpacing gainers 659 to 226. Lee Kyung-min, an analyst at Da

About 70 percent of those newly hired by small and medium-sized enterprises here are aged at least 40, government data showed Monday, highlighting the younger population’s tendency to avoid smaller companies and the country's overall rapid aging. Of the 25.3 million people newly hired by companies in South Korea in 2023, 7.8 million were hired by those with less than 300 employees. Those in their 20s accounted for 13.5 percent of new hires, while those in their 30s took up 17.4 percen

South Korean stocks opened higher Monday as investors scooped up financials, bios and other blue chips following last week's overall market decline amid eased tensions in the Middle East. The benchmark Korea Composite Stock Price Index gained 32.11 points, or 1.24 percent, to trade at 2,623.97 in the first 15 minutes of trading. Financial stocks led the overall bullish market, with KB Financial surging 5.49 percent and Shinhan Financial soaring 5.39 percent. Bio shares also gained strong mo

Doubts have been raised over Samsung Group’s latest decision to make the executives of its key tech affiliates -- Samsung Electronics, Samsung SDI, Samsung SDS and Samsung Display -- work an extra day per week as part of the group's emergency measures to tackle ongoing business uncertainties. Critics pointed out that the six-day workweek for executives is "outdated and inefficient," and that it lies in contrast to other local Big Tech firms who are following the global trend

The South Korean market on Friday faced heightened volatility in response to Israel's military actions against Iran, with the benchmark Korea Composite Stock Price Index plunging to its lowest level in 11 weeks. The dip coincided with a weakening of the local currency. The Kospi concluded the day at 2591.86, marking a marginal decrease of 1.63 percent from the previous session. Initially opening at 2,600.69, a decrease of 34.01 from the prior session, the index experienced a sharp downturn

South Korean stocks plummeted by more than 1.5 percent on Friday as investors shed risky assets on escalating tensions in the Middle East. The Korean won fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index dropped 42.84 points, or 1.63 percent, to close at 2,591.86, trimming some of the losses after falling more than 3 percent during the session. Trade volume was high at 799 million shares worth 13.85 trillion won (US$10 billion), with losers outpacing gainers 629

SK hynix is joining hands with TSMC, the world’s top foundry, to develop High Bandwidth Memory 4 and cutting-edge packaging technology, the company said on Friday. Under the partnership agreement, the two sides plan to proceed with the development of HBM4, the sixth-generation model of the advanced memory chip, and enhance logic and HBM integration through advanced packaging technology, SK hynix said. "We expect a strong partnership with TSMC to help accelerate our efforts for open co

South Korean stocks started sharply lower Friday amid expectations over a delay in US interest rate cuts this year. The benchmark Korea Composite Stock Price Index fell 37 points, or 1.4 percent, to 2,597.7 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average edged up 0.06 percent, while the tech-heavy Nasdaq decreased 0.52 percent, extending losses for a fifth consecutive month. New York Federal Reserve President John Williams has said that he feels no urgency to cut