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8/13
03:47
South Korea's benchmark stock index, KOSPI, rose 3.6% on Thursday, rebounding approximately 22% from its July 30 low, officially entering a technical bull market. This rally was primarily driven by chip stocks such as Samsung Electronics and SK Hynix, both of which saw single-day gains of close to or exceeding 5%. Previously, KOSPI had plummeted 22% in July alone, marking its worst monthly performance since the global financial crisis. Behind this rebound are several factors: sustained high AI capital expenditures by global tech giants, easing inflation data in the US alleviating rate hike concerns, tightened regulatory rules for single-stock leveraged ETFs, and market expectations that Samsung and SK Hynix are about to announce large-scale shareholder return plans.
03:45
Sony Group and Taiwan Semiconductor Manufacturing Co. (TSMC) are forming a joint venture, with Sony holding approximately 60% and TSMC 40%, to mass-produce next-generation image sensor chips in Kumamoto, Japan, as early as 2029. The chips are intended for Apple's iPhone and future "physical AI" applications in robots and vehicles. The joint venture is expected to be established by the end of fiscal 2026 (through March 2027).
03:36
The Bank of Japan's latest data for July 2026 shows that the number of Japanese Government Bond (JGB) fails decreased to 309 cases, down from 403 cases in June. The total face value of these fails also fell to 19.73 billion yen (approximately $135 million USD) from 22.84 billion yen in June. The average duration of fails remained stable at 1.19 business days.
03:31
The investment follows Mirae Asset's acquisition of 97.15% of Korbit for approximately $91.5 million in July.
03:01
South Korean KOSPI Index rose 3.21% to 6,790.01, marking fourth straight day of gains on chip rally. The benchmark index gained 210.97 points as investors scooped up major chipmakers. The Korean won also gained ground against the US dollar.
02:29
Yanolja's hospitality technology affiliate, Yanolja Cloud Solution, announced Thursday it will officially launch Pulse AI, a multi-agent platform designed to automate hotel operations throughout a guest’s stay. The platform, which was tested at around 1,000 properties in India, will deploy eight specialized AI agents covering guest communications, reservations, check-in and checkout, room service, housekeeping, payments, and upselling.
02:24
Samsung Life Insurance and Samsung Fire & Marine Insurance earned a combined 3.27 trillion won ($2.3 billion) in the first half of the year, both posting double-digit profit growth despite sharply different earnings drivers. Samsung Life reported 1.89 trillion won in net profit attributable to controlling shareholders, a 35.8 percent increase from a year earlier, according to disclosures released Thursday. Its consolidated net profit rose 33.8 percent to 1.97 trillion won.
02:19
The Korea Exchange designated the 36 listed companies as administrative issues on Wednesday, citing their share prices or market capitalizations falling below minimum listing requirements. This move is part of tougher rules designed to accelerate the removal of penny stocks and financially weak firms. Of the total, nine trade on the Kospi and 27 on the Kosdaq, with 30 being newly designated and six already under administrative issue status receiving additional grounds.
02:10
The industry group stated that the case is about ensuring 'lawful digital asset businesses can compete on equal footing.'
02:00
Bloomberg reported that Japanese Prime Minister Sanae Takaichi's government supports the Bank of Japan (BOJ)'s recent interest rate hike, and sources familiar with the matter revealed that the Bank of Japan (BOJ)'s next interest rate hike is likely to occur in September or October. Following this news, the Japanese Yen against the US Dollar saw a rapid short-term appreciation of 20 pips. The market's pricing for a Bank of Japan (BOJ) rate hike at its September 18 policy meeting has now risen to 74%. If another rate hike occurs in September or October, it would mark the Bank of Japan (BOJ)'s third rate hike within 12 months, the fastest tightening pace since 1989.
01:56
OKX SG has expanded its On-chain Earn offering, providing eligible accredited investors with access to new earning opportunities across 5 additional networks and 3 DeFi protocols. The expansion is exclusively for OKX SG users.
01:36
Samsung Electronics announced it has opened a new heating, ventilation, and air-conditioning (HVAC) production line in Pune, India. The facility aims to expand manufacturing capacity to address the growing demand from AI data centers and will be capable of producing up to 6,500 HVAC units annually once fully operational. The new line will serve customers in India and the broader Asia-Pacific region.
01:34
Ukrainian authorities stated that Russian forces attacked the port infrastructure of Izmail in Ukraine's southern Odesa region early Thursday, causing damage and sparking fires. Izmail port is Ukraine's largest Danube port, handling grain and other bulk commodities. This attack followed a day after Kyiv struck Russia's Novorossiysk port.

Meanwhile, Ukrainian President Zelenskyy told CNN that Ukraine needs 5% of the US's "Patriot" interceptor missile stock to survive the winter, and 10% would be enough to destroy all Russian ballistic missiles. He noted that Ukraine's supply of "Patriot" interceptor missiles was diverted since the US went to war with Iran in February, leading to a severe shortage. Ukraine has 2.5 times fewer interceptor missiles this year than in 2025, while Russia is launching twice as many ballistic missiles per month as before. The Ukrainian Air Force stated that it would stop publishing detailed data on Russian ballistic missile attacks due to the difficulty in intercepting increasingly frequent Russian strikes.
01:12
Russia's sanctioned "ghost fleet" of oil tankers is reportedly using "Mad Max"-style fishing nets as a defensive measure to protect vessels from Ukraine's mass maritime drone operations.
01:12
Bitwise Chief Investment Officer Matt Hougan expects revenue capture mechanisms to become prevalent in DeFi applications and Layer-1 networks within the next 12 to 24 months.
01:03
In an exclusive interview with the BBC, Russian Nobel Peace Prize winner Dmitry Muratov stated that Russian President Vladimir Putin can only "destroy Ukraine, not conquer it," as the war enters its fifth year. Muratov, former editor-in-chief of Novaya Gazeta, also warned of the possibility of nuclear escalation, noting that the need to use nuclear weapons has been mentioned over 500 times on state TV since the beginning of the year. He highlighted the broader crackdown on free speech in Russia and the increasing attacks by Ukrainian drones on targets deep within Russian territory.
00:46
The South Korean government held an inter-ministerial joint press conference on August 13 to announce its housing supply and financial support plan. During the conference, the Financial Services Commission (FSC) announced a significant expansion of public guarantee support for real estate project financing, increasing it from the previous 26.3 trillion Korean Won to over 47.8 trillion Korean Won, to promote housing development. Furthermore, to meet the housing financing needs of non-speculative homebuyers and renters (especially young people), the government will raise this year's household debt growth target from the originally planned 1.5% to approximately 3%. Concurrently, the equity capital requirements for real estate development projects will be postponed by two years to 2029.

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