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Finance

KOSPI rebounds 1 percent, recovers 6,750 despite foreigners\' 2.885 trillion won net selling

South Korea\'s KOSPI rebounded despite heavy foreign selling, supported by buying from retail investors and institutions. The benchmark index rose 0.97 percent to 6,755.75 after giving up early gains and sliding as low as 6,557.39 before recovering in afternoon trade. Retail investors bought 1.98 trillion won net and institutions 862.3 billion won net, while foreigners sold 2.885 trillion won net. The Kosdaq climbed 2.22 percent.

Games & Commerce

Naver narrows commerce gap with Coupang by expanding from search to delivery

Naver is narrowing its gap with Coupang by expanding beyond search and price comparison into delivery and returns management. An analysis by Wiseapp.Retail put Naver and Naver Pay at 96.5 when Coupang is set at 100, though the figure may include external merchant payments. Broker estimates point to strong commerce revenue growth and rising user metrics for Naver Plus Store. The push into fulfillment is lifting transactions and orders, but costs are rising and user gaps remain.

Industry

Hyundai Motor design patent for \'Boulder\' off-road SUV revealed in India

A design patent for Hyundai Motor\'s off-road sport utility vehicle has been revealed, drawing attention to the possibility of an electric SUV launch. The patent, disclosed via India\'s patent office, closely resembles the Boulder concept shown this year at the New York auto show. Some elements were changed for production feasibility, including a mostly closed grille and slimmer LED headlamps. Hyundai has not disclosed production plans or powertrain details.