Korea Joongang Daily
Korea JoongAng Daily

'Sell in May and go away?' Not this time, as Kospi continues record-setting rally.

The “sell in May and go away” strategy does not appear to be working in Seoul this year, as the benchmark Kospi continues its record-setting rally, breaking above 6,900 points on Monday to near the 7,000 milestone.

2026-05-04

SK hynix shares plummet with Korea Exchange's 'warning' designation

SK hynix, the second-largest company on the Kospi by market capitalization, saw its stock price plummet on Thursday after it was hit with an "investment warning" by the Korea Exchange.

2025-12-11

bemyfriends acquires majority stake in SK Group's Dreamus

The tech startup bemyfriends will acquire a majority stake in SK Group's Dreamus, the parent company of the consumer electronics brand iRiver and music streaming platform FLO, for 55 billion won ($38.5 million).

2025-10-31

SK Square CEO resigns amid conglomerate's rebalancing efforts

SK Square, an investment arm of SK Group, said Tuesday its CEO Park Sung-ha resigned amid the conglomerate's rebalancing efforts to solve its financial strains.

2024-06-25

Tving, Wavve merge to create Korea's largest streaming platform

Local streaming services Tving and Wavve signed a deal to merge their respective platforms, signaling the possible birth of the largest domestic service to compete with U.S. giant Netflix.

2023-12-05

SK dodges further investment in troubled online retailer 11Street

SK Group is giving up on its affiliated online commerce platform, 11Street, as the retailer fails to go public amid deteriorating sales.

2023-11-30

Virtual humans steal the show at Seoul basketball game

Virtual humans took center stage at a basketball game in Seoul, Korea. Created through a project by Onmind and SK Square, the virtual characters resembled the players and coaches and entertained fans during the game with dances and cheers.

2023-10-23

Chinese giant Alibaba emerges as front-runner to acquire 11st

China's Alibaba is the top contender to acquire SK Square's e-commerce company, 11st, after its failed IPO attempt. The Korean market's growth potential is attracting interest from Alibaba and other players.

2023-09-15

SK hynix, SK Square make joint $77m semiconductor investment

SK hynix, SK Square and several Korean financiers jointly invested 100 billion won ($76.8 million) to create a fund that will mostly be spent on Japanese semiconductor parts, equipment and material companies.

2023-07-04

SK Square names Park Sung-ha CEO

SK Square has named Park Sung-ha, CEO of SK Inc. C&C, as new CEO. The decision is pending approval by shareholders at an annual general meeting next year. The company explained that Park’s experience of leading mergers and ...

2022-12-01