Skip to main content

KOSPI KOSDAQ tumble; KRW weakness continues; Outdoor mask-wearing lifted; Blackpink tops Billboard 200

News happening now in Korea

Stock market tumbles; Currency weakness continues; Outdoor mask-wearing lifted; Blackpink tops Billboard 200


Monday, September 26, 2022


It is only the start of the week and there are a horde of hard news hitting this country. Here are some of the news happening now in South Korea.


KOSPI-KOSDAQ-September 26, 2022 (Source: Daum)

  • The benchmark Korea Composite Stock Price Index (KOSPI) plunged about 3.1%, while the tech-heavy KOSDAQ crossed the 700-point line by closing at 692.38, down 5.07% from the previous trading day.
  • South Korea’s currency, won (KRW), continued to slide and passed below the 1,430 won mark against the U.S. dollar, marking a 13-year low per greenback, over Federal Reserve’s and other central banks’ monetary tightening amid the grim economic outlook.
  • Bank of Korea (BOK) Governor Rhee Chang-yong said the central bank is “exchanging information with U.S. Federal Reserve” with regards to possible currency swap deals, though he said “we are not in a situation where a currency swap line is needed.”
  • South Korea fully lifted outdoor mask mandates from Monday as the country’s new Covid-19 cases fell to the lowest level over the past couple of months. But health authorities said the rules for indoor mask wearing will have to stay in place for the time.
  • Blackpink became the first K-pop girl group to top “Billboard 200” with its latest and second full-length album “Born Pink.” BTS, SuperM and Stray Kids - all boy groups - are the K-pop groups that made the same achievements before, but it is the first time for a girl group to make the feat.


(End of text)


Labels:

Popular posts from this blog

Jeonse? Wolse? A Guide to South Korea's Unique Housing Market Systems

South Korea has a unique housing market system, which includes two main types of rental agreements: jeonse and wolse. Jeonse is a system where the tenant provides a large lump-sum deposit to the landlord, while wolse is a more conventional rental system where the tenant pays monthly rent. Foreigners who plan to stay in South Korea for more than a year should familiarize themselves with these unique systems. Understanding South Korea's Different House Rental Systems When it comes to renting a home in South Korea, you might be surprised to learn that it is quite different from what you are used to in the Western world. South Korea has its own unique housing market system, which includes two main types of rental agreements: jeonse and wolse. Types of Houses in South Korea In South Korea, you can choose from a variety of housing options, including apartments, individual houses, and more. In South Korea, there are several different types of housing options available to choose from, incl
Read more

BLACKPINK Jisoo’s First Solo Album to Be Released on March 31

BLACKPINK Jisoo’s first solo album will be released on March 31, according to the group’s agency YG Entertainment. BLACKPINK Jisoo’s First Solo Album to Be Released on March 31 Hey, Blackpink fans! The wait is finally over for Jisoo’s first individual album. The release date has been confirmed by the group’s agency, YG Entertainment, and it’s coming on March 31. Yay! The agency teased the album with a cool “Coming Soon” image that shows a bright red piece of cloth spread on a beautiful green field. It looks so mysterious, right? We don’t have many details about the album yet, but we know that Jisoo is the fourth and final member of the quartet to go solo. The other three members, Jennie, Rose, and Lisa, have already made successful solo debuts with their respective albums “Solo,” “R,” and “Lalisa.” So, Jisoo fans, get ready for some amazing music coming your way soon. Apart from Jisoo’s solo debut, Blackpink is currently on a massive world tour that’s expected to attract around 1.5 mil
Read more

Doggy vs. Kitty: South Koreans' Best Companion

Are you a dog person or a cat person? In South Korea, this question is particularly relevant, as the country has a strong culture of pet ownership. According to the Korean Pet Industry Association, there were about 10 million pets in the country in 2021, with an estimated 23% of households owning at least one pet. So, what do South Koreans prefer as their furry companion, dogs or cats?  Dogs or Cats: Which Animal is More Popular in South Korea? In South Korea, both dogs and cats are popular as pets, but dogs have traditionally been more favored. There are a few reasons for this: Cultural significance: Dogs have long held a special place in Korean culture, as they were traditionally kept as guard dogs, hunting companions, and loyal protectors. In contrast, cats were considered vermin and were often persecuted. Size and personality: Small apartments and busy city life in South Korea means that smaller dogs, such as Pomeranians or Chihuahuas, are more popular as they are more suitable for
Read more