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Korean won gains sharply against yen as SK hynix inflows, rate hike lift currency
The won has climbed more than 5 percent against the yen in three weeks, reaching its strongest level against the Japanese currency since Nov. 22, 2024.
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Kospi closes over 3% higher on chip rebound
Stocks surged 3.56 percent as bargain hunting lifted major semiconductor shares and the won strengthened against the dollar.
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'Don't invest': 'Father of Korean ETFs' warns against single-stock leveraged funds
In a Facebook post, Bae Jae-kyu, the CEO of Korea Investment Management, wrote that the products pose a huge risk of accumulating losses.
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Nearly 73% of 1997 financial crisis bailout funds repaid as of June
Korea has recouped 123 trillion won ($83.3 billion) of public money used to rescue troubled financial firms after the economic collapse.
