3,500 Hong Kong investors enter Korean market | K-pop mogul's $22M fraud case

The Daily Debrief | Oct. 13, 2026

Published
People hold umbrellas as rain falls and autumn leaves appear in Daegu on Oct. 13.

It's a damp Tuesday here in Seoul as the rains contribute to a temperature dip in the capital. Here are the stories you need to know in Korea!

In today's news, Hong Kong has risen to second place when it comes to the largest net buyers on the Korean market. In other stories, K-pop mogul Cha Ga-won denied all allegations in a $22 million fraud case against her. Meanwhile, a knife attack at an Incheon Homeplus injured eight and left one person unresponsive.
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Today's top story

BUSINESS

Exclusive: Over 3,000 Hong Kong investors enter Korean market as city ranks second-largest net buyer

About 3,500 Hong Kong retail investors entered the Korean stock market since October last year through omnibus accounts offered by Hana Securities and its local partners, part of a buying wave that has made Hong Kong the second-largest foreign net buyer of Korean stocks in 2026.

They accounted for a growing share of foreign buying as U.S. and British investors, traditionally major players in the Korean market, were net sellers cumulatively from January through August.

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Feature of the day

LIFESTYLE & ENTERTAINMENT

K-pop mogul behind Taemin, EXO-CBX’s former agencies denies all allegations in $22M fraud trial


One Hundred Label CEO Cha Ga-won denied allegations that she defrauded two parties of 29.6 billion won ($22 million) in a Seoul trial involving Taemin, EXO-CBX and fromis_9 projects.


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More stories

Global chip stocks tumble as China's CXMT unveils next-generation DRAM plans

IMF raises Korea's 2026 growth forecast to 3.3 percent on AI chip boom

Jamsil's long goodbye continues as Bears play final regular-season game

Police probe cruise control in deadly highway crash

Europe’s carmakers defend their turf at the Paris Motor Show. China is already inside the gates.

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Editor's picks

KOREA

Knife attack at Incheon Homeplus injures eight, leaves one unresponsive

The 119 emergency line received a report of a stabbing at the hypermarket's Guwol branch in Namdong District, Incheon. Police officers who arrived at the scene arrested a man suspected of carrying out the attack.


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KOREA

Lee calls for diplomacy that puts Korea first, avoids submitting to other nations


While chairing a Cabinet meeting at the Blue House, President Lee Jae Myung described the country's strategy as "pragmatic diplomacy centered on national interests."


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KOREA

Student caught using AI smart glasses in Yonsei entrance exam

The first known case of AI smart glasses cheating in a Korean university admissions test has prompted an investigation and renewed calls for stronger safeguards.

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LIFESTYLE & ENTERTAINMENT

G-Dragon’s face returns to Chinese billboards as K-pop ban hits 10th year

McDonald’s campaign signals enduring demand for Korean stars in China, though the decade-long K-pop ban remains in place.


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