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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

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.

Finance

Mirae Asset Management AUM tops 600 trillion won; growth accelerates with ETFs, pensions and AI

Mirae Asset Management said its total assets under management reached 624 trillion won as of end-April, surpassing 600 trillion won. It attributed growth to its global ETF business, the expansion of domestic TIGER ETFs, and broader businesses including pensions, OCIO and real estate. Its Global X unit runs 747 ETFs across 13 markets. The firm is also expanding tokenised ETF offerings and reported strong growth in a semiconductor-themed TIGER ETF.