KOSPI closes back above 7,000 as won firms; Samsung extends buyback
Seoul shares rebounded, with the KOSPI closing above 7,000 for the first time in five sessions as bargain hunting lifted the index and the won strengthened. Samsung Electronics said it will buy more shares after exceeding its buyback target, while BTS became the first pop group to surpass $500 million in tour ticket sales.
Markets & chips
Korean markets & the won
The session reversed an early dip, with the index recovering from a lower open despite overnight gains on Wall Street.
Seoul's main index finished above the 7,000 mark for the first time in five sessions.
Bargain hunting lifted Seoul shares to a higher close despite lingering uncertainties, and the South Korean won rose.
Samsung Electronics
Samsung Electronics plans additional share purchases after surpassing its buyback target.
SK hynix
Micron is narrowing the gap with SK hynix in the global DRAM market.
Chung Heejin, SVP and Head of Venture Investment at SK hynix, set out the vision and roadmap for SK hynix Ventures at the unit's Ventures Day in Silicon Valley last September.
Business of culture
HYBE
BTS has become the first pop group to top $500 million in tour ticket sales.
BTS was named an honorary guest of Bogota ahead of the start of its Latin America tour.
K-pop agencies
First-generation K-pop acts Fin.K.L, Fly to the Sky and Son Ho-young are returning.
CJ ENM
CJ ENM took seven national titles at the Asian Academy Creative Awards.
Netflix in Korea
Son Suk-ku stars in the Netflix cross-border thriller 'The Blue Road'.
K-drama, film, webtoons & streaming
Actors from 'The Assassin(s)' will skip Busan International Film Festival events amid controversy over historical inaccuracies.