Finance

KOSPI closes at record high of 7,844

South Korea\'s KOSPI opened lower on Tuesday but turned higher during the session and ended in the 7,800s, setting a record closing high. The benchmark rose 200.86 points, or 2.63 percent, to 7,844.01. Foreign investors net sold 3.72 trillion won as the dollar-won rate climbed to the 1,490 won range, while individuals and institutions bought. Auto and chip shares led gains.

Industry

Koh Young Technology Q1 operating profit 9.9 billion won, up 209 percent

Koh Young Technology posted first-quarter revenue of 72.7 billion won and operating profit of 9.9 billion won, up 42 percent and 209 percent from a year earlier. It reported record first-quarter sales, citing expanding demand for 3D inspection equipment and smart factory software led by global AI customers. Net profit rose to 15.7 billion won, up 389 percent. Revenue and operating profit also increased from the previous quarter.