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Stocks opened lower Thursday, tracking overnight losses on Wall Street spooked by hawkish tones in the latest minutes of the U.S. Federal Reserve.
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More than 4,000 one-person media creators in Korea earned over 100 million won ($70,400) in 2023, marking a sharp rise that highlights the growing economic power of YouTubers and other digital content creators.
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The Kospi shed 7.84 points, or 0.25 percent, to 3,071.72 in the first 15 minutes of trading.
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Korean stocks started higher Monday as investors hunted for bargains following a sharp drop in the previous session amid concerns over an AI bubble.
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Salaried workers turned out to be the biggest losers from the increase in income tax in Korea.
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Shares closed nearly 1 percent higher on Wednesday on revived rate cut hopes and better-than-anticipated September export data. The won edged down against the dollar.
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Korean stocks opened sharply lower Friday, following declines on Wall Street led by tech shares, while investors grew pessimistic about a December rate cut in the United States.
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Shares closed markedly higher Monday, led by strong gains in big-cap semiconductor shares in a year-end rally. The local currency strengthened to its highest level in nearly two months against the dollar.
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Seoul shares closed lower Thursday as investors were divided over the U.S. Federal Reserve's latest rate-setting meeting. The won weakened against the dollar.
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Korea's tax revenue increased by 34.3 trillion won ($23.9 billion) from a year earlier during the first nine months of this year, on improved corporate earnings and rising income tax, data showed Friday.
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Korean stocks opened higher Monday, led by gains in major tech and chemical shares as investors looked to developments in trade talks with the United States.
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Tax authorities said Thursday they will investigate more than 2,000 cases involving the transfer of high-value properties in upscale areas of Seoul over suspected tax evasion, amid tighter government regulations on real estate lending.
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Stocks opened weaker Thursday as investors sought profits following the previous session's sharp rise amid mixed overnight results on Wall Street.
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Shares finished higher Monday, led by gains in chemical shares, as investors welcomed signs of progress in Sino-U.S. trade talks and looked to developments in tariff negotiations between Korea and the United States.
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Shares closed lower Thursday, snapping a two-day advance, as investors offloaded stocks to lock in recent gains. The won rose against the dollar.
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North Korea has yet to announce the schedule for its upcoming party congress, which would be its first in five years, amid speculation in Seoul that the event may take place next month.
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Financial Supervisory Service Governor Lee Bok-hyun said that tax and incentive policies to remedy the "Korea discount" are expected in June.
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Posco Holdings announced Monday that it would target up to 8 percent annual growth in sales over the next three years as part of its "value-up program" aimed at boosting corporate value.
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The U.S. government had informed the South Korean government in advance of its decision to allow Ukraine to use U.S.-supplied long-range missiles for strikes inside Russia, Seoul's presidential office said.
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The Cabinet on Tuesday approved a bill raising tax rates on corporate income by 1 percentage point across all taxable income brackets starting next year, as the government seeks an expansionary fiscal policy.