KOSDAQ index rose 0.7% to 1063.75 driven by retail investors. Pharmaceutical biotech stocks like Alteogen and Samchundang Pharm surged, while optical communication and telecom equipment stocks rallied significantly amid positive market sentiment.
Eumseong signs $718M investment deal with Dongjin companies
Eumseong County signed a $718M investment agreement with Dongjin Semichem and Dongjin Advanced Materials for semiconductor and display materials production, creating 46 new jobs by 2027.
Dongjin Semichem to spin off foaming agent business
Dongjin Semichem will spin off its foaming agent business into a new subsidiary called Dongjin Innochem, effective January 1, 2026, to enhance competitiveness and expertise.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.