South Korea

U.S. stock markets experienced a downturn today, with the S&P 500 declining by 1.07%. The NASDAQ also saw a decrease, falling by almost 1.2%. The Dow Jones Industrial Average declined almost 1%. Despite these indices in the red, certain stocks captured significant attention from investors....

A South Korean court has approved the detainment of President Yoon Suk Yeol over his imposition of martial law earlier in the month. What Happened: On Tuesday (local time), the Seoul Western District Court issued a warrant against Yoon on charges of masterminding a failed martial law declaration,...

Boeing Co. (NYSE:BA) is back in the spotlight after a Boeing 737-800 operated by South Korea’s JejuAir crashed at Muan International Airport on Sunday, tragically killing 179 of 181 passengers and raising fresh questions about the aerospace manufacturer's safety record. What Happened: The...

In a tragic incident, a passenger plane carrying 181 people crashed while attempting to land at Muan International Airport in South Jeolla Province, South Korea. What Happened: The Jeju Air flight 7C2216, which had taken off from Bangkok, Thailand, crashed around 9:07 a.m. local time during its...

South Korea’s opposition-controlled National Assembly voted to impeach acting President Han Duck-soo on Friday, only two weeks after impeaching President Yoon Suk Yeol.  South Korean stocks listed in the U.S. have faced significant volatility due to the recent political turmoil. The iShares...

Alibaba Group Holding Ltd. (NYSE:BABA) is reportedly close to merging its South Korean operations with E-Mart Inc. in a deal valued at approximately $4 billion. This strategic move aims to bolster their position in South Korea’s competitive online retail market. What Happened: The potential...

South Korean lawmakers have voted to impeach President Yoon Suk Yeol following his controversial attempt to impose martial law, a move that triggered widespread protests across the country. The impeachment motion passed after an unexpected twist, with several members of Yoon's own People Power...

South Korean electric vehicle (EV) manufacturers are reconsidering a substantial $54 billion investment in U.S. battery plants due to potential policy changes under President-elect Donald Trump. Concerns have arisen over the possibility of Trump eliminating tax credits for EVs, which could...

The governor of the Bank of Korea, Rhee Chang-yong, expressed that the South Korean economy is more threatened by the trade policies of President-elect Donald Trump than the current political crisis in the country. What Happened: Rhee Chang-yong has indicated that the fallout from President...

Political uncertainty surrounding South Korean President Yoon Suk Yeol has spurred heated activity on prediction market Polymarket on Wednesday. What Happened: Data from the prediction market shows a 37% probability of Yoon being impeached before the end of 2024. Another Polymarket question gives a...

Cryptocurrencies traded at big discounts in the South Korean market Tuesday but recovered amid intense political drama in the East Asian nation. What happened: Major coins like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) sharply fell in value on Upbit, South Korea's largest cryptocurrency...

South Korean President Yoon Suk Yeol is under fire from the main opposition party, who are demanding his resignation or impeachment in the wake of a short-lived martial law imposition. What Happened: The Democratic Party, which holds a majority in the 300-seat parliament, has called for President...

South Korean markets traded sharply lower on Wednesday following a dramatic political upheaval that saw President Yoon Suk Yeol briefly impose and then quickly withdraw martial law after facing parliamentary opposition. What Happened: The benchmark Kospi index fell 1.15% to 2,471.27, while the tech...

South Korean markets staged a sharp recovery Tuesday afternoon after President Yoon Suk Yeol reversed a martial law declaration just hours after its announcement following a unanimous parliamentary vote against the measure. The iShares MSCI South Korea ETF (NYSE:EWY), a key vehicle for U.S.-based...

U.S. stocks paused for a breather Tuesday, with major equity indices hovering near the flatline as investors digested global developments, including China’s ban on key raw material exports to the U.S. and South Korea’s political turmoil following the president’s announcement of...