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Finance

Won-dollar rate surges to 1,560, raising market jitters

South Korea\'s won-dollar exchange rate jumped to the 1,560 level, its highest since the financial crisis, stoking anxiety in currency markets. A surge cooled after authorities’ verbal intervention and the National Pension Service resumed currency hedging, but caution over U.S. monetary policy, Middle East uncertainty, foreign selling of local stocks and offshore NDF trading continue to weigh on the won. Analysts said the near-term ceiling may be limited, though volatility could persist.

Finance

Hana Bank launches non-face-to-face small loans for public pension recipients

Hana Bank has launched a mobile-only small credit loan for customers receiving public pensions, allowing applications and disbursement through its app without visiting a branch. The product targets recipients of four major public pensions and expands an in-person offering to non-face-to-face channels. It carries a fixed annual interest rate of 1.0 percent and provides a single credit limit of 500,000 won for customers who receive public pensions at Hana Bank.

Finance

KOSPI nears 8,500 as focus turns to whether semiconductor rally cools

South Korea\'s stock market this week is expected to test whether heavy concentration in semiconductor and AI leaders begins to ease as the KOSPI approaches 8,500. The KOSPI closed at 8,476.15 on May 29 after a sharp rise, while the Kosdaq fell. Gains were driven by a limited number of large caps and leveraged products. Analysts see June as a period of moderating momentum, with attention on the pace of gains and continued dominance by Samsung Electronics and SK Hynix.