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SK Hynix Hits Historic High as BlackRock Returns; KOSPI Rockets Past 5,800

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TL;DR SK Hynix shares surged over 6% to reach a record intraday high of 950,000 KRW ($678) after BlackRock disclosed a major stake. The KOSPI benchmark rose 2.31% in a single day, shattering the 5,800 level just 24 hours after crossing 5,600. Global institutional confidence in the AI-driven semiconductor 'Super Cycle' is overshadowing valuation concerns. What Happened On February 20, the Korean market witnessed a historic rally led by semiconductor giant SK Hynix (000660.KS) . The company's stock price soared 6.15% to close at 949,000 KRW (approx. $678), briefly touching the 950,000 KRW mark during intraday trading. This rally was fueled by the news that BlackRock , the world's largest asset manager, has increased its stake in SK Hynix to over 5% for the first time in nearly eight years. The surge in SK Hynix had a massive gravitational pull on the benchmark KOSPI , which jumped 131.28 points (2.31%) to close at 5,808.53. Notably, SK Hynix alone contributed 45.15 points...
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VERIVERY's Kangmin to Make Highly Anticipated Solo Debut This March

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New Beginnings for VERIVERY’s Youngest Star Exciting news has broken for fans of the K-pop group VERIVERY! The group's youngest member, Kangmin , is officially preparing to step into the spotlight as a solo artist. This move marks a significant shift in his career and a fresh chapter for his agency, Jellyfish Entertainment. Quick Summary Solo Launch Date: Kangmin is reported to release his debut solo album on March 23 . Personal Confirmation: While his agency has yet to release a formal press statement, Kangmin personally confirmed the news to fans via the communication app Bubble. Survival Show Momentum: This debut follows his successful run on the audition program "BOYS II PLANET," where he narrowly missed the final debut lineup. What Happened On February 16, Korean media outlet STAR NEWS reported that Kangmin is in the final stages of preparation for a solo album set for release on March 23. The news caught fans by surprise, and Kangmin himself reacted with a mix of...
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Major South Korean Banks Accelerate Branch Closures Despite Record Profits

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The brick-and-mortar banking era in South Korea is rapidly shrinking. According to recent industry data, the number of physical bank branches operated by the country's top lenders hit a new record low in 2025, continuing a downward trend driven by the aggressive shift toward digital finance. TL;DR Historical Lows: The number of branches operated by Korea's top five banks fell to 3,748 in 2025, a significant drop from over 4,400 just five years ago. Digital Shift: Banks cite a 30% decline in foot traffic and physical workloads as customers migrate to mobile-first "non-face-to-face" services. The Profit Paradox: The closures come despite record-breaking net profits of 13.99 trillion won ($9.67 billion), sparking criticism over the marginalization of elderly customers. What Happened Data released on Tuesday reveals that South Korea's five major commercial lenders— KB Kookmin Bank, NH NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank —operated a combined ,3748...
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