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Finance

FSS orders risk controls for IMA, says investor protection must not be neglected

South Korea's Financial Supervisory Service called in major comprehensive investment firms and urged stronger risk management for note issuance and integrated investment accounts, as funding via the products has grown rapidly. It stressed tighter internal controls and liquidity management, and told firms to prepare for stress scenarios. The FSS also highlighted responses to overseas private loan funds, urging early monitoring of redemptions and losses and prompt investor guidance if limits arise.

Finance

Korea Exchange says KOSPI hits record high on strong semiconductor outlook and improving foreign flows

South Korea's KOSPI ended on April 21 at 6,388.47, surpassing its previous record close set on Feb. 26, and also topped the prior intraday high. Market capitalisation rose to a record 5,236.2 trillion won. The Korea Exchange said the index rebounded in April on expectations for semiconductor results and improved foreign investor flows, supported by expanding global AI memory demand. Foreigners and institutions were net buyers on the day.

AI & Enterprise

National AI strategy committee sets up subcommittees on autonomous driving and humanoids

South Korea's National Artificial Intelligence Strategy Committee has set up new subcommittees on autonomous driving and humanoid robots to expand industrial AI transition. The committee held kickoff meetings and began discussing key agendas to implement the national AI action plan. The autonomous driving group reviewed transport ministry plans and debated data, infrastructure and rules, while the humanoid group heard industry presentations and a trade ministry draft plan covering capabilities and ecosystem support.