Finance

KOSPI rises for first time in four sessions on semiconductor gains, nears 7,000

South Korea\'s benchmark KOSPI climbed nearly 2 percent on Wednesday, led by gains in heavyweight semiconductor stocks such as Samsung Electronics and SK Hynix. The index recovered from an early drop to the 6,700 level and finished around 6,900, closing up 133.31 points at 6,971.35. Institutions were net buyers, while individuals and foreigners sold. The KOSDAQ rose 4.48 percent. The won was little changed against the dollar.

Industry

SK hynix says it will assess shareholder impact first amid dual listing concerns

SK hynix addressed controversy over a potential dual listing tied to the use of capital at Solidigm. The company said the method of raising funds for investment in Solidigm has not been decided and that the benchmark for all decisions is the long-term value of existing shareholders. It said Solidigm’s capital use will be determined after reviewing SK hynix’s overall investment plans, financial position and capital allocation, and that various options, including external capital, will be assessed.