Finance

Kosdaq triggers circuit breaker after 8 percent plunge following KOSPI drop

South Korean shares sank on June 8 in a selloff dubbed “Black Monday,” with declines spreading from the KOSPI to the Kosdaq. The Korea Exchange said it triggered a first-stage circuit breaker on the Kosdaq after the index fell more than 8 percent from the previous close for at least 1 minute, halting trading for 20 minutes. Sell-side sidecars were also activated on both markets.

Telecommunications & Media

Korea media watchdog orders removal, blocking of 1,081 suggestive adult webtoon ads

South Korea's Broadcasting Media Communication Deliberation Committee ordered the removal and access blocking of link advertisements that use sexually suggestive images to draw teenagers to adult webtoons. It voted on June 8 to take action against 1,081 ads circulated indiscriminately on social media, blogs and community sites without measures to restrict youth access. The committee said the move aims to protect teenagers and urged industry self-regulation.