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Kospi Closes Above 7,000 as Won Firms and October Politics Heat Up
Sunday’s South Korea edition: exporters hedge at 1,350 won, institutions carried the index rebound, card-loan rates stay near 14 percent, and Sungnyemun hosts the first major opposition rally in a year.
StocksSeoul Index Recaptured 7,003.74 as Trusts Bought Samsung and SK Hynix Into the Close
Investment trusts and pension funds led a late-session push that lifted the Kospi to 7,003.74 on Oct. 2, while foreigners net-sold for a fifth day and individuals trimmed chip winners into the Gaecheonjeol break.
Today's picks
PoliticsPPP Sungnyemun Gathering Pressures Court to Restart President Lee Criminal Docket
BusinessShipbuilders Hedge Won Swings as Exporters Lock In Forward Contracts at 1,350 Won
SecurityKoFIU Flags Offshore Shell Banks Routing Voice Scams From Phnom Penh Call Floors
OpinionEditorial: Serious Crimes Agency Pick Forces Democrats to Define Investigation Independence
SportsKia and LG Square Off at Jamsil With Fourth-Place Playoff Berth on Sunday Card
EntertainmentImjingak GHOST Concert Books Rain and 2AM Closers on DMZ OST Bill
Credit CardsSpecialized Lenders Post 14.15% Mean on Revolving Cash After ABS Auction
HealthGyeonggi CDC Closes Pension Buffet Serving 62 Guests With Acute Gastroenteritis
ScienceKIGAM Traces Microseismic Swarm Near Pohang Geothermal Wells After September Tremor
AINaver Works Ships On-Prem Copilot Gateway for Regional District Offices
TechnologySamsung SDS Expands Hyperscale Backup Vault for Gangnam Finance Tenants
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Samsung SDS Expands Hyperscale Backup Vault for Gangnam Finance Tenants
Samsung SDS opened a third immutable backup vault for Gangnam finance tenants, offering air-gapped snapshots and four-hour recovery tests certified under Korea’s cloud-security framework for securities firms.
Specialized Lenders Post 14.15% Mean on Revolving Cash After ABS Auction
Eight specialized card lenders reported a 14.15 percent average rate on new card loans in July as three-year AA+ card bond yields briefly topped 4.64 percent, pushing issuers toward overseas ABS and syndicated funding.
Shipbuilders Hedge Won Swings as Exporters Lock In Forward Contracts at 1,350 Won
Heavy exporters from Ulsan shipyards to Suwon chip plants booked dollar forwards after the won closed at 1,350.6 on Friday, locking in holiday-week revenue before the Bank of Korea’s Oct. 22 rate decision.