Seoul

Seoul shares surged more than 2 percent Tuesday to close at a fresh record high above the 5,900-point mark, driven by strong gains in technology shares. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) advanced 123.55 points, or 2.11 percent, to finish at an all-time high of 5,969.64.

The index has extended its upward momentum in recent weeks, surpassing the 5,000-point mark for the first time on Jan. 27 and crossing 5,500 on Feb. 12. It moved above 5,800 on Friday.

Trading volume was heavy at 1.58 billion shares worth 30.73 trillion won (US$21.3 billion), with decliners outnumbering gainers 465 to 407.

Institutions bought a net 2.37 trillion won worth of stocks, offsetting net sales of 199.16 billion won by foreign investors and 2.28 trillion won by retail investors.

The rally came despite overnight losses on Wall Street.

The Dow Jones Industrial Average fell 1.66 percent, and the tech-heavy Nasdaq Composite declined 1.13 percent.

In Seoul, investors scooped up major chip stocks ahead of an earnings report from U.S. chipmaker Nvidia later this week, while remaining cautious over U.S. President Donald Trump‘s push to impose new tariffs after the Supreme Court struck down his original sweeping duties, analysts said.

Trump signed an executive order Friday (U.S. time) authorizing new 10 percent global tariffs that took effect Tuesday. He has also threatened to raise the rate to 15 percent, though no formal order has been issued.

“Even if the global tariffs are raised to 15 percent, there will be no major impact on the local stock market because current U.S. tariffs on Korean imports already stand at 15 percent,” an analyst at IBK Securities Co. said.

Technology and automobile stocks led the gains.

Market bellwether Samsung Electronics jumped 3.63 percent to 200,000 won, while chip giant SK hynix surged 5.68 percent to a record high of 1,005,000 won.

Top automaker Hyundai Motor rose 0.19 percent to 524,000 won, and leading battery maker LG Energy Solution gained 4.17 percent to 412,500 won.

Among decliners, shipbuilder Hanwha Ocean fell 2.79 percent to 143,100 won, and Lotte Shopping declined 1.67 percent to 111,700 won.

The Korean won was quoted at 1,442.50 won against the U.S. dollar at 3:30 p.m., down 2.5 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 0.4 basis point to 3.158 percent, and the return on the benchmark five-year government bonds also climbed 0.5 basis point to 3.410 percent.

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South Korea and Brazil have agreed to significantly deepen cooperation across key minerals, trade, technology and security, as President Lee Jae Myung hosted Brazilian President Luiz Inácio Lula da Silva in Seoul for the first Brazilian state visit in more than two decades. The summit, held at the Blue House, marked a symbolic reset in bilateral ties and produced an ambitious roadmap aimed at elevating relations to a strategic partnership.

The two leaders endorsed a four-year action plan designed to anchor cooperation in strategic minerals, advanced manufacturing, defence, space industries and food security. They also oversaw the signing of 10 memorandums of understanding covering trade and industrial policy, rare earths and other critical minerals, the digital economy including artificial intelligence, biotechnology and health, agricultural collaboration, small-business exchanges, and joint efforts to combat cybercrime and narcotics trafficking.

Critical Minerals at the Core

At the heart of the agreement lies a shared recognition of the growing geopolitical importance of critical minerals. Brazil holds significant reserves of rare earth elements and nickel, both essential to electric vehicles, renewable energy systems and high-tech manufacturing. South Korea, a manufacturing powerhouse heavily reliant on imported raw materials, is seeking to diversify supply chains amid intensifying global competition for resource security.

For Seoul, closer ties with Brasília offer an opportunity to secure stable access to strategic inputs while reducing exposure to concentrated supply routes. For Brazil, the partnership represents a chance to attract South Korean investment into mining, processing and downstream industries, potentially moving up the value chain rather than remaining primarily a raw-material exporter.

Trade Expansion and Industrial Policy Alignment

Brazil is South Korea’s largest trading partner in South America, and both governments signaled an intent to broaden the scope of commerce beyond traditional commodity flows. Industrial policy coordination featured prominently in the discussions, suggesting a shift toward co-development in sectors such as semiconductors, batteries and green technologies.

The emphasis on the digital economy and artificial intelligence reflects a convergence of economic strategies. South Korea’s advanced technological ecosystem complements Brazil’s expanding digital market, creating potential for joint ventures and technology transfers. Cooperation in biotech and health also indicates a recognition of demographic and public health challenges that transcend borders.

Security, Stability and Shared Democratic Narratives

Beyond economics, the leaders framed their partnership within a broader narrative of stability and democratic resilience. Lee emphasized support for peace on the Korean Peninsula, while Lula underscored Brazil’s interest in a balanced and rules-based international order.

Their personal rapport, shaped by shared experiences of early-life factory work and social mobility, added a human dimension to the diplomacy. Lee publicly praised Lula’s life story as emblematic of democratic progress, reinforcing a symbolic alignment that may help sustain political goodwill between the two administrations.

The inclusion of joint policing initiatives against cybercrime and transnational threats signals that the partnership extends into non-traditional security domains. As digital connectivity deepens, cyber resilience and coordinated law enforcement become integral to safeguarding economic integration.

Strategic Diversification in a Fragmented World

The timing of the summit is notable. As global trade faces renewed uncertainty and supply chains continue to recalibrate, middle powers such as South Korea and Brazil are seeking to hedge against volatility by strengthening bilateral and regional ties. By formalizing cooperation in minerals, technology and defence, both governments aim to insulate their economies from external shocks while positioning themselves within emerging industrial ecosystems.

The ceremonial elements of the visit including a state banquet blending Korean and Brazilian cultural traditions underscored the leaders’ intent to broaden engagement beyond transactional trade. Whether the newly signed agreements translate into measurable investment flows and industrial integration will depend on sustained political commitment and private-sector participation. Yet the framework established in Seoul suggests that both countries see strategic partnership not as a symbolic upgrade, but as a practical response to an increasingly fragmented global landscape.

With information from Reuters.

South Korean stocks topped the 5,800-point mark for the first time Friday to end at a fresh record high amid expectations that upcoming investor-friendly measures will help lift market valuations. The local currency fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 131.28 points, or 2.31 percent, to close at an all-time high of 5,803.53.

Trade volume was heavy at 1.73 billion shares worth 32.74 trillion won (US$22.64 billion), with winners outnumbering losers 543 to 340.

Institutions scooped up a net 1.61 trillion won worth of shares, while foreign and retail investors sold a net 745.06 billion won and 986.12 billion won worth of shares, respectively, for profit-taking.

After a three-day Lunar New Year holiday break, the index surged Thursday to top the 5,600 level, with experts saying pent-up demand accumulated during the holiday continued to flow into the stock market.

The KOSPI has been on a bull run recently, surpassing the 5,000 mark for the first time ever on Jan. 27 and the 5,500 level on Feb. 12.

“Geopolitical tensions have heightened after U.S. President Donald Trump signaled the possibility of military action against Iran following a 10-day negotiation deadline, and some analysts suggest the risk of a full-scale conflict is not negligible,” Kim Seok-hwan, an analyst at Mirae Asset Securities, said.

“But investors have maintained expectations for a series of measures by the government and companies to boost shareholder returns and overall market valuations,” he added.

U.S. shares lost ground Thursday (U.S. time) amid concerns about the U.S.-Iran situation and risks linked to massive investments in artificial intelligence (AI), as the U.S. private market and alternative assets manager Blue Owl Capital announced it is going to tighten investor liquidity.

Most large-cap shares finished higher, with chip and defense shares leading the market advance.

Market bellwether Samsung Electronics edged up 0.05 percent to 190,100 won, and chip giant SK hynix surged 6.15 percent to 949,000 won.

Carmakers traded mixed. Top automaker Hyundai Motor went down 0.78 percent to 509,000 won, while its sister affiliate Kia soared 1.06 percent to 171,800 won.

Leading battery maker LG Energy Solution fell 0.5 percent to 401,500 won, but AI investment firm SK Square advanced 2.47 percent to 580,000 won.

Nuclear power plant builder Doosan Enerbility surged 5.18 percent to 103,500 won, and defense giant Hanwha Aerospace spiked 8.09 percent to 1,242,000 won.

Leading shipbuilder HD Hyundai Heavy jumped 4.88 percent to 602,000 won, and its rival Hanwha Ocean shot up 6.61 percent to 149,900 won.

Pharmaceutical giant Samsung Biologics went up 0.93 percent to 1,736,000 won, while Celltrion dipped 1.02 percent to 242,000 won.

Financials gathered ground. KB Financial added 1.38 percent to 168,800 won, and Shinhan Financial grew 1.69 percent to 102,000 won.

Samsung Life Insurance climbed 4.78 percent to 219,000 won, and Mirae Asset Securities rose 0.57 percent to 70,900 won.

The Korean won was quoted at 1,446.65 won against the U.S. dollar at 3:30 p.m., down 1.15 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys lost 3.5 basis points to 3.143 percent, and the return on the benchmark five-year government bonds also shed 3.5 basis points to 3.391 percent.

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Feb. 13 (Asia Today) — Seoul apartment prices have risen more than 6% a year on average over the past four decades, data showed, reinforcing perceptions among South Korean buyers that housing in the capital remains a “safe asset.”

KB Real Estate data showed Seoul apartment prices increased an average of 6.17% a year from 1987 through 2025. That compares with a 2.56% average rise in other regions outside major metropolitan cities, the data showed.

Market analysts attributed the gap partly to policies and tax rules that have discouraged multiple-home ownership, while encouraging demand for a single “best-in-class” property in Seoul, fueling persistent scarcity.

Demand has also been supported by tighter rules on property transactions in Seoul. After the government designated the entire capital as a land transaction permit zone, purchases that rely on “gap investment” – buying a home while using a tenant’s large lump-sum deposit lease to fund the purchase – have become harder, pushing lease prices higher, analysts said.

The Korea Real Estate Board said Seoul apartment lease prices rose 3.76% last year.

A real estate industry official said Seoul apartments tend to hold value during market downturns, then rise sharply in upswings, adding that some buyers are now focusing on large new pre-sale projects as lease prices climb and new supply remains limited.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260213010004938

Little is known about Kim’s daughter, Ju Ae, who made her first public appearance in 2022 but appears set to be her father’s successor.

South Korea’s spy agency believes that North Korean leader Kim Jong Un is preparing to designate his daughter, Kim Ju Ae, as his successor, increasing the agency’s earlier assessment of the teenager being the “most likely successor”.

The National Intelligence Service in Seoul informed legislators of the news during a closed-door briefing on Thursday, according to South Korea’s official Yonhap News Agency. Their intelligence agency’s findings were later shared with the media by South Korean politicians Park Seon-won and Lee Seong-gwon.

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“Kim Ju Ae’s presence continues to be highlighted at events such as the recent Armed Forces Day ceremony and her visit to the Kumsusan Palace of the Sun, and there are even signs that she is expressing opinions on some policies,” Lee told reporters, according to Yonhap.

“We believe that she has now entered the succession selection stage,” Lee said.

Kumsusan Palace of the Sun is considered one of the most important places in North Korea as the final resting place of the country’s Great Leader Kim Il Sung and his son Dear Leader Kim Jong Il – the current Kim’s grandfather and father, and Ju Ae’s great-grandfather and grandfather.

Yonhap reports that if Ju Ae attends or receives a title at the ruling Workers’ Party congress later this month, a key political event that analysts believe will see major policy goals unveiled, speculation about her path to succession will “gain traction”.

Very little is known about Kim’s daughter, including her official age, though she is believed to still be in her teens.

Her first public appearance was in 2022 at the test launch of a North Korean intercontinental ballistic missile, and she has been photographed alongside her father at numerous events across the country since then.

In January, she was photographed by Pyongyang’s Korean Central News Agency attending the test launch of a large-calibre multiple-rocket launch system alongside her father.

She also travelled by armour-plated train with her father to Beijing in September to attend a military parade marking 80 years since Japan’s surrender at the end of World War II, where she would have mixed with both Chinese and Russian leaders.

Seoul’s spy agency also said that Kim is currently directing the development of a large submarine ‌that is likely capable of carrying up to 10 submarine-launched ballistic missiles and which may be designed to be powered by a ‌nuclear ‌reactor, according to the politicians Park and Lee.

Feb. 9 (Asia Today) — A power struggle over nomination authority within South Korea’s conservative People Power Party intensified Monday as Seoul party chair Bae Hyun-jin faced possible disciplinary action ahead of the June 3 local elections.

Tensions escalated after the party’s central ethics committee initiated disciplinary proceedings against Bae, while the Seoul city party’s ethics body launched a separate case involving a conservative YouTuber. The parallel moves have fueled an open clash between the party leadership faction and lawmakers aligned with former leader Han Dong-hoon.

Senior vice chairpersons of the Seoul party rejected the central committee’s action, warning against undermining a city chair elected by delegates across Seoul. They denied allegations that Bae led a signature campaign opposing Han’s expulsion from the party.

Those accusations were raised by Lee Sang-gyu, who filed the ethics complaint against Bae. He dismissed the denials as false, accusing critics of trying to shield what he described as undemocratic procedures and abuse of authority.

Local media reported that Bae confronted party leader Jang Dong-hyuk during a National Assembly session, pressing him on whether the central ethics committee’s intervention reflected his intent and asking whether he supported suspending her duties as Seoul party chair.

The dispute has raised speculation that severe disciplinary action against Bae could reshape the party’s nomination landscape ahead of the local elections, turning the ethics process into a broader struggle for control. Some party officials, however, suggested the leadership may seek to de-escalate.

Jang Ye-chan, a deputy director at the party-affiliated Yeouido Research Institute, said prolonged disciplinary proceedings would only increase the leadership’s burden. He predicted the leadership would avoid sanctioning Bae and instead pivot toward a message of unity and reform.

A Seoul party official offered a contrasting view, saying disciplinary action was likely. The official alleged Bae pressured party members by leveraging nomination authority ahead of the local elections and said internal discord had grown within the city party organization.

Separately, the People Power Party confirmed the expulsion of former supreme council member Kim Jong-hyuk, a figure associated with the pro-Han faction. The central ethics committee had issued a recommendation last month urging him to leave the party, triggering automatic expulsion under party rules. Kim said he would pursue legal action against the party leadership and the ethics committee.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260210010003400

A senior South Korean official told reporters in Washington Thursday that he anticipates “some new progress in a few days” regarding issues with North Korea. In this photo, U.S. President Donald J. Trump shakes hands with North Korean leader Kim Jong Un on June 30, 2019, at the DMZ. File White House Photo by Shealah Craighead/UPI | License Photo

A senior South Korean official said Thursday that he anticipates “some new progress in a few days” regarding North Korea-related issues, but he noted it is not about the resumption of dialogue between Washington and Pyongyang.

The official made the remarks during a meeting with reporters in Washington amid speculation that U.S. President Donald Trump could seek a meeting with North Korean leader Kim Jong-un when he visits China in April.

“There may be some new progress in a few days. It is not anything significant, but it is intended as a gesture of goodwill that can serve as a starting point (for progress in diplomacy with North Korea),” the official said.

“It doesn’t go as far as dialogue between the U.S. and North Korea,” he added.

He also pointed out North Korea’s lack of interest in diplomacy with Seoul or Washington.

“So we need to wait and see,” he said.

Both South Korea and the U.S. have expressed their desire to reengage with North Korea. But it remains uncertain whether Pyongyang would accede to dialogue overtures at a time when it has deepened cooperation with Russia and China to address its economic and other needs.

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South Korean stocks shot up by the most in six years Tuesday, rebounding from the previous session’s deep trough, as investors brushed off concerns over the newly nominated Federal Reserve chair and went bargain hunting. The Korean won also rose against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 338.41 points, or 6.84 percent, to close at a new high of 5,288.08, a sharp upturn from the previous day’s plummet.

It marked the steepest daily increase since March 24, 2020, when the index rose by 8.6 percent, according to data provided by the Korea Exchange (KRX), South Korea’s main bourse operator.

Trade volume was heavy at 666.5 million shares worth 29.3 trillion won (US$20.3 billion). Winners outnumbered losers 825 to 75.

Strong buying demand triggered the KRX to temporarily suspend stock purchases in early trading.

The temporary halt in trading, also known as a “sidecar” in Korea, came a day after the bourse operator issued a sidecar for sell orders, with the KOSPI plunging by more than 5 percent.

The last time when the KRX consecutively issued a sell-side and a buy-side sidecar was on April 7 and 8, following U.S. President Donald Trump‘s announcement of sweeping tariffs, Lee Kyoung-min, an analyst from Daishin Securities, said.

“As there was no change in the market’s fundamentals, the benchmark index recovered on bargain hunting,” he said.

On a similar note, JP Morgan raised its target for the KOSPI to a range of 6,000 to 7,500 in a report released Tuesday, citing strong delivery in other sectors, such as defense and shipbuilding.

Foreign and Institutional investors turned net buyers, scooping up 703.3 billion won and 2.2 trillion won of equities, respectively. Retail investors sold off a net 2.9 trillion won.

Large-cap shares ended higher across the board.

Market top-cap Samsung Electronics soared 11.37 percent to 167,500 won, while its rival SK hynix advanced 9.28 percent to 907,000 won.

Defense giant Hanwha Aerospace rose 4.84 percent to 1,299,000 won, top carmaker Hyundai Motor added 2.82 percent 491,500 won, and major financial group KB Financial closed up 3.81 percent to 138,800 won.

The local currency was quoted at 1,445.4 won against the greenback at 3:30 p.m., up 18.9 won from the previous session.

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South Korean stocks nosedived by more than 5 percent Monday, due largely to a risk-averse sentiment following the nomination of the new Federal Reserve chair, and a sharp decline in silver and gold prices. The Korean won plunged against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 274.69 points, or 5.26 percent, to close at 4,949.67, snapping a four-session winning streak.

The country’s main bourse operator, the Korea Exchange (KRX), issued a sell-side circuit breaker for 5 minutes around noon.

Trade volume was heavy at 568.8 million shares worth 32 trillion won (US$21.9 billion). Losers outnumbered winners 795 to 116.

Foreign and institutional investors offloaded a net 2.5 trillion won and 2.2 trillion won, respectively. Retail investors, on the other hand, went bargain hunting and snapped up a net 4.6 trillion won.

Local stocks came under selling pressure following the nomination of Kevin Warsh, seen widely as a hawkish figure, as Fed chair, and sharp declines in silver and gold prices, according to Lee Kyoung-min, an analyst from Daishin Securities.

“A sharp drop in precious metals triggered the liquidation and margin call of derivatives holding them. This in turn led to the forced liquidation of other assets, as investors went to preserve margins, further amplifying the stock market’s decline,” Lee said.

International gold prices have experienced a sharp decline of over 10 percent in the past few days, while sliver prices plunged over 30 percent.

The local gold market was affected, too, with gold traded on the KRX falling to its lowest permissible limit of 10 percent Monday. It marked the first time KRX gold prices fell to the floor since the market opened in March 2014, according to the bourse operator.

“There is a possibility the benchmark KOSPI could take a breather, considering its sharp gains recently, but a daily decline of 4 to 5 percent seems excessive,” Han Ji-young, a researcher at Kiwoom Securities, said.

Shares closed lower across the board.

Market top-cap Samsung Electronics declined 6.29 percent to 150,400 won, while its chipmaking rival SK hynix tumbled 8.69 percent to 830,000 won.

Top car marker Hyundai Motor retreated 4.4 percent to 478,000 won, bio firm Celltrion lost 3.33 percent to 203,000 won, and defense giant Hanwha Aerospace closed down 4.69 percent to 1,239,000 won.

Financial shares were among the few winners.

Hana Financial Group added 3.2 percent to 103,300 won, and Meritz Financial Group inched up 0.69 percent to 117,400 won.

The Korean won was quoted at 1,464.3 won against the U.S. dollar at 3:30 p.m., down 24.8 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 1.4 basis points to 3.152 percent, and the return on the benchmark five-year government bonds rose 1.2 basis points to 3.448 percent.

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South Korean stocks closed a tad higher Friday to extend their winning streak to a fourth session to a new record high as investors scooped of artificial intelligence (AI) shares despite concerns over a bubble. The local currency fell against the greenback.

The benchmark Korea Composite Stock Price Index (KOSPI) inched up 3.11 points, or 0.06 percent, to close at 5,224.3, after rising as high as to 5,321.68.

Trade volume was heavy at 852 million shares worth 34.7 trillion won (US$24.1 billion). Losers outnumbered winners 602 to 278.

Individuals bought a net 2.2 trillion won, while foreigners sold a net 1.9 trillion won. Institutions sold a net 425 billion won.

Investors continued to purchase tech shares despite concerns over a bubble, as their performance has already been proven for robust earnings amid the AI cycle.

“For the time being, AI hardware and software companies need to overcome concerns over their profitability,” Han Ji-young, a researcher at Kiwoom Securities, said.

“During the period, the market’s preference for chipmakers that sell memory products to such companies will remain strong,” Han added.

The market advance was limited after U.S. President Donald Trump vowed to raise “reciprocal” tariffs and auto duties on South Korea back to 25 percent this week.

Top-cap Samsung Electronics edged down 0.12 percent to 160,500 won, while SK hynix set a fresh high at 909,000 won, up 5.57 percent.

Brokerage houses closed bullish amid the market rally, with Mirae Asset Securities rising 4.65 percent to 42,750 won and Kiwoom Securities increasing 4.11 percent to 443,500 won.

Top mobile carrier SK Telecom rose 4.32 percent to 72,500 won on the back of improved business outlook, and its rival KT added 1.43 percent to 56,900 won.

Samsung SDI rose 0.52 percent as the company said it has won a battery supply contract without disclosing details, with the deal widely believed to be related to Tesla Inc.’s energy storage system business.

The Korean won was quoted at 1,439.5 won against the U.S. dollar at 3:30 p.m., down 13.2 won from the previous session’s close.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 3.2 basis points to 3.138 percent, and the return on the benchmark five-year government bonds added 4.1 basis points to 3.436 percent.

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