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Asian stocks rallied on the reopen, led by a record-breaking performance from South Korea's Kospi index, as investors shrugged off concerns over global economic growth. The Kospi surged to a new high, while other regional markets also made significant gains. The rally was driven by a combination of positive economic data and renewed optimism among investors.
South Korea's Industry Minister Kim Jung-kwan recently returned from a trip to the United States. He announced plans to expedite the implementation of investment legislation desired by the US. The proposed legislation aims to streamline the approval process for foreign investments.
The Philippine economy experienced its weakest growth since the pandemic. South Korea announced plans to accelerate housing supply in the Greater Seoul area to address skyrocketing apartment prices.
President Donald Trump has announced his intention to raise tariffs on goods imported from South Korea to 25%. This is in response to the South Korean legislature's failure to ratify the revised Korea-U.S. Free Trade Agreement (KORUS FTA)
Gulf countries stepped up borrowing efforts in January, with Asian investors showing increased demand for emerging market bonds. Meanwhile, South Korea's National Pension Service announced plans to trim its foreign stock exposure and boost domestic equity allocations.
South Korea's small-cap stocks experienced their best day versus the Kospi Index since 2000. China saw a significant military leadership shake-up with the downfall of General Zhang Youxia. South Korea's surge reflects growing investor confidence in the country's economic prospects. China's military purge underscores Xi's determination to maintain his firm hold on power.
In a week marked by international tensions and economic uncertainty, the US has called for an end to the war in Ukraine by June, while a South Korean cryptocurrency firm accidentally paid out $40 billion in bitcoin. Meanwhile, conservation efforts in Bermuda have resulted in the thriving population of a previously extinct snail species.
South Korea's
A roundup of major news stories from around the world, including a devastating factory fire in South Korea, escalating tensions in the Middle East, and the passing of a beloved actor.
Malaysian retailer MR DIY Group M. Bhd. has been the top-performing stock in Southeast Asia this month. The company's impressive performance is drawing bullish bets from analysts. Meanwhile, U.S. President Donald Trump threatens to impose higher tariffs on South Korean imports.
Cybersecurity is facing a perfect storm of threats, from deepfakes to zero-day exploits and phishing attacks.
The world of tech and finance is always on the move, with new developments and updates emerging every day.
The global film scene is abuzz with new releases, tributes, and production announcements, from the box office success of "Moana" in South Korea to the upcoming documentary on James Hunt.
South Korea's Haeran Ryu won the Evian Championship in a playoff against Brooke Henderson, claiming her second major title in the space of two weeks.
Hyundai, Toss, and Metaplanet Drive Adoption in South Korea and Japan
South Korea's Hwang In-beom sparks comeback win, while referees hand out red cards and stars like McTominay face setbacks
From the Strait of Hormuz to Ukraine, Lebanon, and South Korea, global conflicts are escalating and old alliances are being tested
Discover the world's most unique vacation rentals, embark on a
Developments from the Middle East, Australia, South Korea, and the UK
South Korea's National Tax Service exposes wallet seed, allowing thief to steal millions