Korea Joongang Daily
Korea JoongAng Daily

Kospi opens sharply higher on revived hopes for U.S.-Iran peace talks

Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street on revived hopes for peace talks after a U.S. blockade of the Strait of Hormuz.

2026-04-14

Crypto exchange Coinone fined, hit with business suspension over customer verification, unregistered partner issues

Crypto exchange Coinone was fined 5.2 billion won ($3.49 million) and faces a three-month partial business suspension over lapses in customer verification obligations and transactions with unregistered partners.

2026-04-13

Kospi falls 0.86% on escalating Hormuz tensions after U.S.-Iran talks fail

Shares closed lower Monday following the escalating tensions surrounding the Strait of Hormuz after the United States announced a blockade following failed peace talks with Iran. The won fell against the U.S. dollar.

2026-04-13

BOK governor nominee says won's weakness not a 'crisis' given Korea's large foreign reserves

Shin Hyun-song, the Bank of Korea governor nominee, said Monday that authorities stand ready to respond to excessive foreign exchange volatility if needed, though he added that the won's recent weakness does not signal a crisis.

2026-04-13

BOK chief nominee Shin says he has sold significant portion of foreign assets in response to controversy

Shin Hyun-song, the Bank of Korea (BOK) governor nominee, said on Monday that he has already sold a significant portion of his foreign currency-denominated financial assets and plans to further reduce his exposure.

2026-04-13

BOK calls for introduction of circuit breakers for crypto exchanges in wake of Bithumb error

The central bank on Monday called for the introduction of mechanisms similar to the Korea Exchange (KRX)'s circuit breakers for cryptocurrency exchanges, citing the absence of such systems as a key factor behind a recent erroneous payment incident.

2026-04-13

Won weakens against dollar as failed U.S.-Iran talks result in Trump order to block Strait of Hormuz

The Korean won weakened markedly against the dollar Monday as U.S. President Donald Trump ordered a blockade of all ships entering or leaving the Strait of Hormuz after high-stakes peace talks with Iran failed to make a breakthrough.

2026-04-13

BOK chief to attend G20, IMF-WBG meetings in Washington

Korea's top central banker will attend a meeting of the Group of 20 (G20) finance ministers and central bank chiefs to be held in the United States this week, sources said Sunday.

2026-04-12

Mirae Asset pushing to get SpaceX IPO shares for its investors as gov't reviews regulatory hurdles

Mirae Asset Securities is pushing to allocate shares from SpaceX’s initial public offering (IPO) to domestic investors. Financial authorities have already begun reviewing legal feasibility and regulatory compatibility.

2026-04-12

Local banks expected to limit household loan growth to just one percent this year

Major lenders in Korea are expected to limit the growth in their household loans to 1 percent this year, sources said Sunday, lower than their initial target of around 2 percent and also lower than the 1.5 percent previously suggested by authorities.

2026-04-12