South Korea’s Record KOSPI Surge, Yoon’s Life Sentence, and Lee’s R&D Push Shape Feb 20 Landscape
Updated (6 articles)
KOSPI Hits New All‑Time High Amid Tech Optimism The Korea Composite Stock Price Index closed at 5,803.53 on Feb 20, a 2.31 % rise that set a fresh record [1]. The previous day the index had reached 5,677.25, breaking the 5,600‑point barrier for the first time [2]. Gains were led by semiconductor and AI‑related stocks, while the won weakened against the U.S. dollar, reflecting investor confidence in upcoming pro‑business policies.
Former President Yoon Receives Life Sentence and Issues Apology Seoul court sentenced ex‑President Yoon Suk Yeol to life imprisonment on Feb 19 for leading an insurrection tied to his 2024 martial‑law attempt [2]. Prosecutors had sought the death penalty, but the court imposed a lighter term [2]. Yoon publicly apologized on Feb 20 for the suffering caused by the brief martial‑law decree, framing it as a protective measure [1].
Presidential Spokesperson Resigns to Run for Incheon Seat Kim Nam‑joon submitted his resignation on Feb 20 to contest the Incheon Gyeyang‑B district seat in the June local elections [1]. His departure comes five months after his appointment as presidential spokesperson. The move underscores the administration’s focus on securing legislative footholds ahead of the local polls.
President Lee Announces Expanded R&D Support and Collusion Crackdown At a KAIST commencement ceremony on Feb 20, President Lee Jae Myung pledged intensified backing for scientists and engineers to strengthen research foundations amid rapid technological change [1]. In a senior‑aide meeting the day before, Lee called for harsher penalties against covert price‑fixing in commodities such as sugar, flour, school uniforms and housing [2]. Both initiatives aim to boost innovation while curbing market distortions that drive home‑price inflation.
Naver Pay Service Restored After Midday Outage Naver Corp. reported that its mobile payment platform, Naver Pay, resumed normal operation around 4:30 p.m. on Feb 19 following a noon‑time disruption that blocked reward‑balance checks and payment processing [2]. The outage was resolved within hours, restoring user confidence in the service.
Sources
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1.
Yonhap: South Korea sees record KOSPI high, political resignations and R&D pledge amid post‑crisis shifts: details the Feb 20 KOSPI record, Yoon’s apology after his life sentence, Kim Nam‑joon’s resignation, and President Lee’s R&D commitment .
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Yonhap: South Korea sees Yoon life sentence, record stock high, anti‑collusion push, and Naver Pay recovery: covers the Feb 19 life sentence, a slightly lower KOSPI high, Lee’s anti‑price‑collusion stance, and the restoration of Naver Pay .
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Timeline
Dec 2024 – Former President Yoon Suk Yeol declares a brief martial‑law decree, a move later judged an illegal attempt to seize power and cited in multiple court cases [1].
2025 – Exports of K‑pop albums surpass US$300 million, reaching US$301.7 million and marking a 3.4 % rise year‑over‑year, underscoring the sector’s global demand [4].
Jan 8, 2026 – The KOSPI closes at a fresh record of 4,552.37, extending a five‑day rally as investors favor heavy‑industry and defense stocks despite profit‑taking pressures [6].
Jan 8, 2026 – President Lee Jae Myung says his recent China visit “has cemented a foundation for fully restoring relations with Beijing,” signaling a diplomatic push to normalise ties [6].
Jan 8, 2026 – The Defense Counterintelligence Command is slated for dismantling after investigators link the unit to Yoon’s 2024 martial‑law bid, marking a major institutional reform [6].
Jan 8, 2026 – Seoul Central District Court schedules an arrest‑warrant hearing for MBK Partners chairman Kim Byung‑ju and three executives over alleged Homeplus fraud, reflecting heightened corporate‑governance scrutiny [6].
Jan 8, 2026 – The Supreme Court upholds lower‑court rulings that strip two Democratic Party lawmakers of seats for under‑reporting assets in the April 2024 election, tightening enforcement of election‑law violations [6].
Jan 8, 2026 – Cambodian authorities extradite Prince Group chairman Chen Zhi to China after South Korean sanctions over kidnapping‑linked online job scams, illustrating expanding regional cooperation against transnational crime [6].
Jan 16, 2026 – Former President Yoon Suk Yeol receives a five‑year prison term for obstruction tied to his December 2024 martial‑law declaration, the first sentencing on those charges [5].
Jan 16, 2026 – A city bus crashes near Seodaemun Station, seriously injuring two and lightly injuring eleven others, prompting a police investigation into the cause [5].
Jan 16, 2026 – A fire in Seoul’s Guryong shantytown displaces about 200 residents; the blaze is contained with no reported casualties [5].
Jan 16, 2026 – The KOSPI closes at a record 4,840.74, extending an 11‑day gain streak driven by semiconductor shares while the won weakens against the dollar [5].
Jan 16, 2026 – The unification and foreign ministries launch a regular vice‑ministerial consultative channel to coordinate North‑Korea policy, aiming for more coherent diplomatic engagement [5].
Jan 16, 2026 – President Lee convenes a bipartisan luncheon with ruling DP, opposition PPP and five minor parties to seek cross‑party cooperation on state affairs amid political tension [4].
Jan 16, 2026 – Seoul stocks open above 4,800 at 4,807.36, marking the 11th consecutive session of gains and reinforcing market optimism [4].
Jan 16, 2026 – North Korea prepares large‑scale youth events for the 80th anniversary of the Socialist Patriotic Youth League, a showcase ahead of a key party congress later in the year [4].
Jan 22, 2026 – The KOSPI briefly spikes above 5,000 intraday before closing at 4,952.53, propelled by an AI‑driven semiconductor rally that highlights market sensitivity to tech demand [3].
Jan 22, 2026 – Seoul city conditionally approves BTS’s comeback show in Gwanghwamun Square for March, pending compliance with safety standards, signaling cultural confidence post‑pandemic [3].
Jan 22, 2026 – South Korea enacts the AI Basic Act, the world’s first comprehensive AI regulatory framework, taking effect to curb misinformation and other AI‑related risks [3].
Jan 22, 2026 – Unification Minister Chung Dong‑young vows to resume inter‑Korean exchanges through mutually beneficial, multilateral projects, indicating a shift toward engagement [3].
Jan 22, 2026 – An opposition lawmaker urges diplomatic action to repatriate two North Korean POWs held in Ukraine, calling for a special envoy to Kyiv [3].
Feb 19, 2026 – A Seoul court sentences ex‑President Yoon Suk Yeol to life imprisonment for leading the 2024 insurrection; prosecutors had sought the death penalty, underscoring the severity of the case [2].
Feb 19, 2026 – The KOSPI climbs to an all‑time high of 5,677.25, up 3.09 %, driven by semiconductor and AI optimism, while the won continues to weaken [2].
Feb 19, 2026 – President Lee calls for harsher sanctions on covert price‑collusion schemes in commodities such as sugar, flour, school uniforms and housing, linking the effort to broader home‑price controls [2].
Feb 19, 2026 – Naver Pay restores full service around 4:30 p.m. after a midday outage that blocked reward‑balance checks and payments, stabilising the mobile‑payment market [2].
Feb 20, 2026 – The KOSPI reaches a record 5,803.53, up 2.31 %, reflecting investor optimism about upcoming pro‑business measures despite a weakening won [1].
Feb 20, 2026 – Former President Yoon apologizes for the hardship caused by his brief martial‑law decree, stating it “aimed solely to protect the nation,” a rare admission following his life‑sentence [1].
Feb 20, 2026 – Presidential spokesperson Kim Nam‑joon resigns to contest the Incheon Gyeyang‑B district seat in the June 2026 local elections, highlighting the political fallout from recent scandals [1].
Feb 20, 2026 – President Lee pledges intensified R&D support for scientists and engineers at a KAIST commencement ceremony, aiming to reinforce research foundations amid rapid technological change [1].
June 2026 (planned) – Local elections will include the Incheon Gyeyang‑B district race in which former spokesperson Kim Nam‑joon runs, potentially reshaping the ruling party’s parliamentary strength [1].
March 2026 (planned) – BTS’s comeback concert in Gwanghwamun Square proceeds pending safety compliance, marking a high‑profile cultural event in the capital [3].
Later 2026 (planned) – North Korea’s party congress follows the youth‑league anniversary celebrations, a key political milestone that may influence inter‑Korean relations [4].
All related articles (6 articles)
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Yonhap: South Korea sees record KOSPI high, political resignations and R&D pledge amid post‑crisis shifts
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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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