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Finance

Foreign selling of 2.5 trillion won pulls KOSPI down 0.25%, but it holds 7,000

South Korea\'s KOSPI fell on Thursday as foreigners stepped up selling, but it held the 7,000 mark after recovering most intraday losses on buying by institutions and retail investors. The index closed down 0.25% at 7,033.92 after briefly sliding to the 6,900 level. Foreigners were net sellers of 2.49 trillion won, while individuals and institutions were net buyers. The won ended firmer against the dollar and the Kosdaq rose.

AI & Enterprise

South Korea launches \'4 hubs, 3 special regions\' autonomous R&D plan, to invest 78.9 billion won in 7 zones

South Korea will shift its regional research and development system from a central government and province-led model to a zone-based, locally autonomous approach. The Ministry of Science and ICT said it launched the \'4 hubs, 3 special regions\' programme at KAIST on Wednesday and will push projects in seven zones. It will invest a total of 78.9 billion won this year and expand support after 2027.

Industry

SK Chairman Choi Tae-won checks Ulsan sites three months after AX overhaul declaration

SK Group Chairman Choi Tae-won (최태원) is inspecting the group\'s AI transition progress by visiting SK AI Data Center Ulsan and SK Innovation\'s UlsanCLX on Sept. 10, SK Group said. The visit comes three months after Choi declared an \"AX-centered management overhaul\" at the New Icheon Forum in June. Executives from key affiliates are accompanying him as he reviews implementation of the group\'s \"AI full-stack provider\" strategy from infrastructure to manufacturing AX.