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Search results for April 8

Games & Commerce

Court suspends KFTC designation of Coupang chairman Kim Bum-seok as controlling shareholder

A South Korean court has suspended the Fair Trade Commission’s decision to designate Coupang Inc chairman Kim Bum-seok (김범석) as the conglomerate’s controlling shareholder, pending the outcome of a lawsuit. The Seoul High Court granted part of Coupang’s request for a stay, halting the designation’s effect until 30 days after the main verdict is delivered. It also suspended the KFTC’s order seeking documents related to Kim for the same period.

AI & Enterprise

Trump bought Apple, Nvidia and other big tech stocks after tariff-driven market drop, disclosure shows

U.S. President Donald Trump bought large amounts of major tech stocks including Apple, Nvidia and Microsoft after a tariff-driven market selloff in April 2025, CNBC reported after reviewing his annual financial disclosure. The filing shows 327 stock purchases on April 8. The White House said his assets are held in a fully discretionary account managed by an independent third-party institution. The disclosure also lists 2025 revenue of $2.24 billion from various sources.

Finance

KOSPI surges over 8 percent in a day, breaks above 7,800; Samsung Electronics nears 300,000 won

South Korea\'s KOSPI surged more than 8 percent in a single session on May 21, jumping over 600 points to close above 7,800. Institutions led gains with net buying of 2.88 trillion won, while individuals and foreigners sold. Most top market-cap shares rose sharply, with Samsung Electronics climbing 8.51 percent to 299,500 won. The KOSDAQ also rose, and buy sidecars were triggered in both markets.