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Finance

KOSPI slumps nearly 6 percent to 5,250 level; KOSDAQ down 4.5 percent

South Korean stocks closed sharply lower as fears of a potential clash between the United States and Iran rose again. The KOSPI fell 5.97 percent to 5,251.46 after a volatile session, prompting the Korea Exchange to trigger a sell-side sidecar and later a circuit breaker. Individuals were net buyers while foreigners and institutions sold. The KOSDAQ dropped 4.54 percent to 1,102.28. The won weakened to 1,494.90 per dollar.

Finance

FSS sets out bank supervision focus, says crisis can be an opportunity

South Korea's Financial Supervisory Service on Monday set out its supervision and inspection direction for the banking sector, centering on strengthening consumer protection and expanding inclusive finance. It plans to help banks build consumer protection systems across the full process from product design to sales and to introduce a comprehensive evaluation system to assess each bank’s implementation of inclusive finance. The agency also flagged governance and internal controls.

AI & Enterprise

Fact check finds GPT-5.3 Instant still shows overly emotional reactions

OpenAI says it improved excessive emotional reactions with its GPT-5.3 Instant model, but tests entering the same questions found unnatural responses still appear. TechRadar reported some improvement versus GPT-5.2, including more direct solutions and briefer explanations. Yet emotional framing, forced casual tone and overinterpretation persisted in prompts ranging from losing a reusable shopping bag to explaining quantum computing and reacting to a burnt toast comment. Web search answers were also only slightly better.