Korea Joongang Daily
Korea JoongAng Daily

Kospi reaches all-time high driven by strong AI shares, renewed cease-fire optimism in Iran

Shares rebounded to a fresh all-time high on Friday, driven by strong gains in AI-related shares and renewed optimism about a potential cease-fire in Iran.

2026-05-29

Foreigners extend sell-offs of Korean stocks in April

Foreign investors continued their selling binge of Korean stocks in April but sharply scaled down the amount of sell-offs, data showed on Friday.

2026-05-29

Kospi opens higher following reports that U.S., Iran reached agreement to extend cease-fire

Korean stocks opened sharply higher on Friday following reports that the United States and Iran reached an agreement to extend the current cease-fire.

2026-05-29

NPS raises its allocation of domestic equities by 5.9 percent

The National Pension Service (NPS), a major player in the domestic stock market, decided to raise its allocation in domestic equities by 5.9 percentage points this year.

2026-05-28

Hana Financial Group announces 3 trillion won inclusive finance program for marginalized debtors, small businesses

Hana Financial Group will launch a 3 trillion won ($1.9 billion) inclusive finance program to provide financial support to economically marginalized debtors and small business owners, the finance company announced Thursday.

2026-05-28

BOK chief says policy direction is clear as bank raises growth forecast to 2.6%

Korea's central bank sharply raised its economic growth forecast for this year on Thursday, in a move that aligns with its signal of further interest rate hikes ahead, but held the benchmark interest rate steady at 2.5 percent.

2026-05-28

KB, 4 other Korean banks join prototype for 'Project Agora' payment system

KB Bank and four other major banks in Korea said Thursday that they had joined an international move to test the prototype of a cross-border payment project known as Project Agora

2026-05-28

Kospi snaps 4-day winning streak on AI rally pause, renewed Iran tensions

Stocks snapped their four-day winning streak Thursday as AI-related shares took a breather following their recent rally and renewed tensions between the United States and Iran.

2026-05-28

Household income up 2.4 percent in first quarter due to rise in wages and number of pensioners

Korea's average household income rose 2.4 percent from a year earlier in the first quarter, driven by an increase in wages and a rise in the number of pensioners, government data showed Thursday.

2026-05-28

BOK maintains 2.5 percent key rate for 8th consecutive meeting

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.5 percent on Thursday for the eighth meeting in a row.

2026-05-28