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Finance

KOSPI ends near flat despite hawkish FOMC as foreigners net sell 2.3 trillion won

South Korea's KOSPI ended near flat on Sept. 17 despite a hawkish outcome from the U.S. Federal Open Market Committee and heavy net foreign selling. Chip heavyweights such as Samsung Electronics and SK Hynix fell, while some financial shares rose and helped support the index. Foreign investors net sold 2.3 trillion won. The Kosdaq fell, and the won weakened to 1,381.70 per dollar.

Games & Commerce

Naver drops review of Baemin stake purchase, citing changing business environment

Naver has stopped reviewing a possible purchase of a stake in Baedal Minjok, the operator of the Baemin food delivery app. The company decided not to proceed about four months after reports in May said it was pursuing a deal with Uber. Naver said in a regulatory filing on Sept. 17 that it had reviewed the stake purchase but decided against it due to changes in the business environment and other factors.

People

Soumgo, Ppaekka support renovation of 30-year-old home for descendants of independence activist

South Korean home services platform Soumgo said on Sept. 17 it carried out a housing environment improvement project with Koyote member Ppaekka’s YouTube channel “Ppaekka Unni” for descendants of an independence activist. The beneficiaries were a married couple who are maternal grandchildren of Jo Wan-gu, who took part in founding the Provisional Government of the Republic of Korea and served as interior minister. The project renovated their ageing home, addressing mould, condensation and safety issues.

All articles List

KOSPI ends near flat despite hawkish FOMC as foreigners net sell 2.3 trillion won

Naver drops review of Baemin stake purchase, citing changing business environment

Soumgo, Ppaekka support renovation of 30-year-old home for descendants of independence activist

MSIT, BMCC to step up policy coordination, speed up Korea broadcast media telecom promotion agency

EU pushes online protection law for minors beyond social media to games and AI

Public cloud security certification overhaul seen opening door to global firms

EU's von der Leyen joins calls to slow AI development, pushes talks with top labs

Coinbase raises USDC rewards to 3.75 percent after U.S. Senate stalls Clarity bill

Clarity bill stalls but 7 U.S. Democratic senators say bipartisan talks will continue

AM radio mandate in new cars possible after U.S. House passes bill

U.S. crypto group steps up midterm pressure after Clarity bill vote fails

Dangote Refining launches IPO with stablecoin-based on-chain subscriptions on Solana

Snap targets enterprise market with 3 million won AR glasses

Jim Cramer says AI investment won't falter, data centre component stocks still buys

Japan's Deutsche Bank pushes to launch institutional BTC, ETH custody this year

Saxo Bank says crypto regulatory uncertainty raises pressure on Coinbase

U.S. Treasury warns financial sector after $12.7 billion in suspected crypto fraud transactions

Park In-kyu discusses 2027 R&D investment direction with industry