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Illustration of the KOSPI index reaching 8000 points with AI rally elements in a Seoul trading setting.
Image generated by AI

KOSPI surpasses historic 8,000-point landmark amid AI rally

Reported by AI Image generated by AI

South Korean stocks surged past the historic 8,000-point mark on the KOSPI index Friday, driven by a continued rally in large-cap tech shares tied to artificial intelligence.

Former I.O.I member Kim Do-yeon is set to make her mark at the Cannes Film Festival with her role in the film Dora, shortly after winning Best New Actress at the Blue Dragon Film Awards.

Reported by AI

ILLIT has shifted from its cute image with a new techno track on its fourth mini album. The lead single 'It’s Me' quickly climbed charts and boosted album sales.

Hyundai Motor Group announced on May 13 it will join a government-led autonomous vehicle project in Gwangju. Hyundai Motor and Kia will develop around 200 vehicles based on the Ioniq 5.

Reported by AI

Samsung Electronics and its union failed to reach a wage deal on May 13 despite government mediation, increasing the chance of an 18-day strike from May 21. The union demands performance bonuses equal to 15 percent of operating profit.

The South Korean won weakened sharply against the US dollar on Wednesday amid lingering Middle East uncertainties and hotter-than-expected US inflation data.

Reported by AI

U.S. Treasury Secretary Scott Bessent arrived in South Korea on Wednesday for talks with a Chinese official ahead of a summit between Presidents Donald Trump and Xi Jinping.

 

 

 

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