The Korea Composite Stock Price Index (KOSPI) closed 1.72% lower on Tuesday, at 5,487.24, extending a slide tied to concerns over a spike in oil prices driven by Middle East developments. The index opened at 5,412.39 and briefly fell to 5,392.52 in intraday

Lee Jung-hyun, the head of the People Power Party’s nomination management committee, unexpectedly announced his resignation, just 29 days after his appointment on the 12th of last month. He said that although he valued diverse views, he could no longer push the reform and change he had envisioned. The

Hanwha Aerospace and Krafton announced on the 13th that they will jointly develop physical AI technologies and establish a joint venture to accelerate the deployment of AI-driven defense capabilities, with a long-term plan to expand into space and aviation sectors. The move is described as Korea’s attempt to create

The TIGER KoreaTOP10 ETF, run by Mirae Asset Global Investments, has drawn attention as a high-conviction, large-cap focused vehicle amid rising geopolitical and global growth uncertainty. Investors have increasingly favored domestic champions with solid earnings power and global competitiveness. Launched in 2018 as Korea’s first TOP10 ETF, the fund

The Korea Housing Finance Corporation (HUG) announced a meeting with the Korea Housing Construction Association and the chairs of metropolitan and provincial chapters on the 13th at the Housing Construction Hall in Seoul. The aim was to strengthen mutual cooperation between the housing industry and HUG to support government housing-supply

Samsung Electronics Chairman Lee Jae-yong returned to Seoul on the afternoon of the 13th, arriving at the Seoul Gimpo Business Aviation Center, as he closed a Europe-focused trip aimed at assessing cooperation with major European customers. During brief exchanges with reporters, Lee confirmed that he had met with European clients

A Korean science writer examines the growing role of social robots in everyday life in a new book titled Robots, and the People Who Love Robots. The work, published by Hyunsansa and translated by Kim Chang-gyu, runs 292 pages and is priced at 20,000 won. The analysis centers on

The South Korean presidential office announced that Indonesian President Prabowo Subianto will visit Korea as a state guest from January 31 to February 2, followed by French President Emmanuel Macron, who will visit on February 2 and 3. The announcements were made by Cheong Wa Dae, the Blue House, in

South Korea’s southwest, including Gwangju and Jeollanam-do, is set to see temperatures near the seasonal average this weekend, but with a notably broader day-to-night temperature swing of up to about 15°C. The forecast from the Gwangju Regional Meteorological Administration indicates that weekend temperatures in Gwangju and Jeollanam-do will

A U.S. Air Force KC-135 aerial refueling aircraft crashed in western Iraq on the 10th, during U.S. military operations against Iran described by the command as part of an operation named Grand Fury. Two aircraft were involved; one aircraft crashed in western Iraq and the other landed safely.