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South Korea's key market index fell nearly 10% in 2024 amid political turmoil and a plane crash. The Kospi index's sharp decline in 2024 contrasts with a 19% rise in 2023.
On Wednesday, South Korea's Kospi Index fell as much as 2.2% and closed 1.4% lower. The Kospi is already the worst-performing major Asian stock index this year, down about 7%.
South Korean stocks slid 2.8%, while the won currency weakened, even as authorities pledged all-out efforts to stabilise financial markets amid uncertainty over the fate of President Yoon Suk Yeol.
The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2025. [3]
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
The Korean Securities Dealers Automated Quotations (KOSDAQ; Korean: 코스닥) is a trading board of Korea Exchange (KRX) in South Korea established in 1996. [1] Initially set up by Korea Financial Investment Association as an independent stock market from the Korean Stock Exchange, it was benchmarked from the American counterpart, NASDAQ.
The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%.
The Daewoo dissolution and corruption scandal was a 1999–2006 scandal in South Korea involving the bankruptcy of Daewoo, then-country's second largest company, and a subsequent corruption investigation, involving arrests, escapes and eventual conviction of dozens of company's top executives. The resulting scandal has been described as one of ...