South Korea’s Market Surge, Yoon Trial, and Renewed Inter‑Korean Outreach
Updated (4 articles)
KOSPI climbs to record levels on AI and chip demand The Korea Composite Stock Price Index rose 0.87 % to 4,952.53 on Jan. 22, briefly breaking the 5,000 mark, while it closed at a record 4,840.74 on Jan. 16 and opened above 4,800 the same day, marking an 11‑session rally driven by semiconductor and AI‑related stocks [1][2][3].
Former President Yoon faces first ruling on martial‑law charges Seoul’s Central District Court sentenced Yoon Suk‑yeol to five years on obstruction and related counts, and a separate hearing on Jan. 16 awaited the first verdict on the same martial‑law case, with prosecutors seeking up to ten years [1][2][3].
Seoul launches new channels to revive inter‑Korean exchanges Unification Minister Chung Dong‑young pledged multilateral projects to restart North‑South contacts, while vice ministers inaugurated a regular consultative luncheon to coordinate policy, signaling a coordinated push to resume exchanges [1][2].
Sources (3 articles)
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[1]
Yonhap: Seoul stocks briefly breach 5,000 intraday as AI rally lifts market; BTS comeback approved and AI safety act takes effect: Article details the KOSPI intraday spike, BTS concert approval, and enactment of the AI Basic Act, emphasizing AI‑driven market optimism and cultural event clearance .
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[2]
Yonhap: Yoon sentenced to five years; Seoul bus crash; KOSPI hits record high; North Korea policy talks launched; Guryong fire displaces 200: Provides Yoon’s five‑year sentence, record‑high KOSPI close, and the launch of a vice‑ministerial channel for North‑Korea policy, highlighting legal and diplomatic developments .
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[3]
Yonhap: Yoon verdict awaited as Seoul stocks hit fresh high and NK youth events planned: Reports the pending verdict on Yoon’s martial‑law case, a fresh KOSPI high above 4,800, and large‑scale North‑Korean youth events, underscoring ongoing political and regional narratives .
All related articles (4 articles)
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Yonhap: Seoul stocks briefly breach 5,000 intraday as AI rally lifts market; BTS comeback approved and AI safety act takes effect
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Yonhap: Yoon sentenced to five years; Seoul bus crash; KOSPI hits record high; North Korea policy talks launched; Guryong fire displaces 200
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Yonhap: Yoon verdict awaited as Seoul stocks hit fresh high and NK youth events planned
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Yonhap: Seoul market hits record as politics, legal cases and diplomatic moves shape the week