Photo=Hana Bank South Korea’s benchmark Kospi index surged past the 7,000 level for the first time on Aug. 6, reaching a record high just 70 days after topping 6,000, as a rally in artificial-intelligence-related semiconductor shares fueled a broad market advance. The Kospi closed up 6.45% at 7,384.56 after opening above 7,000 at the start of trading. The benchmark later

A shareholder group in South Korea has warned it may pursue legal action against all union members at Samsung Electronics if a planned general strike results in damage to key corporate assets, escalating tensions in an already widening labor dispute. The group, which calls itself the Korea Shareholder Movement Foundation, said on May 5 that it would seek damages if

Photo=IU Facebook South Korean singer and actress IU donated about $75,000 to support children and teenagers in need, marking Children’s Day on May 5 local time, her agency said. EDAM Entertainment said the donation was made under the name “IUAENA,” a combination of the artist’s name and her fan club, Uaena. The funds will be used to provide practical support

Photo=Motionelements South Korea is demonstrating a firm but strategically balanced regulatory approach in its crackdown on major sugar producers, imposing heavy penalties for prolonged price collusion while rewarding corporate cooperation with substantial fine reductions. The Korea Fair Trade Commission’s handling of a multibillion-won antitrust case involving three of the country’s largest sugar manufacturers—CJ CheilJedang, Samyang Corp. and Daehan Sugar—highlights how

South Korea has reopened debate over how investment gains should be taxed, less than a year after abandoning a planned overhaul, as a strong stock market rally and renewed political signaling from President Lee Jae-myung reshape the policy outlook. The discussion gained momentum after President Lee Jae-myung raised concerns over fairness in the country’s current securities taxation system during a