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COVER STORY Korean investors in Nvidia suffer estimated $2.4 bil. in valuation losses

A deepening scandal involving Nvidia CEO Jensen Huang is unnerving Korean investors, as the chip giant's shares are falling and uncertainty mounts over his future. Nvidia is the second-most-held U.S. stock among Korean investors after Tesla, leaving local shareholders exposed to mounting losses as the chipmaker's shares plunged amid the scandal. Korean investors held about $13.65 billion worth of Nvidia shares as of Thursday, according to data from the Korea Securities Depository. An estimated 800,000 retail investors in Korea own shares in the chipmaker. Nvidia shares have fallen nearly 15 percent since the company announced an investigation into these allegations. Assuming the retail investors maintained their holdings, the 15 percent decline in shares would amount to an estimated $2.4 billion in valuation losses. The losses extend beyond direct shareholdings. Some 153 exchange-traded funds (ETFs) listed on the Korea Exchange have exposure to Nvidia. The ACE Nvidia Bond Mixed ETF, with assets of about 197.9 billion won ($148 million), has roughly 30 percent of its portfolio invested in N

3 MIN READ
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Chances of Trump-Kim meeting at APEC grow slim

A summit between U.S. President Donald Trump and North Korean leader Kim Jong-un appears unlikely at next week’s Asia-Pacific Economic Cooperation (APEC) gathering in Shenzhen, China, a Cheong Wa Dae official and security analysts said Thursday, despite Trump’s earlier talk of a potential meeting. The assessment comes as the Republican Party’s sweeping losses in the Nov. 3 U.S. midterm elections have weakened Trump’s momentum for unconventional diplomatic initiatives such as a meeting with Kim. Pressing international issues are also expected to dominate any talks involving the U.S. on the sidelines of APEC, including a possible one-on-one meeting with Chinese President Xi Jinping and three-way talks that would also involve Russian President Vladimir Putin. “We see little possibility of North Korea participating in multilateral events on occasions such as APEC, and little possibility of U.S.-North Korea contact taking place on that occasion,” the Cheong Wa Dae official said during a press briefing. While acknowledging uncertainties, the official said, “the chances of contact

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Korean retail investors struggle to cut losses, holding on to or buying more losing stocks

Two-thirds of Korean retail investors hold on to losing stocks or buy more in an attempt to lower their average purchase price, rather than sell at a loss, a report showed Thursday. The findings are based on an online survey of 1,000 people in their 20s to 50s with experience investing in domestic or overseas stocks, conducted by financial research institute Toss Insight from July 11 to Aug. 21. Of the respondents, 42.2 percent said they continued holding losing stocks, while another 24.4 percent said they bought more shares to bring down their average purchase price. The survey also found that investors who cut their losses according to predetermined rules were less likely to report losses in stocks. Over the previous year, the share reporting losses stood at 26.5 percent in this group, compared with 41.7 percent among those who continued holding losing stocks. It also revealed a gap between investors’ perceived risk tolerance and their actual exposure. Among respondents who described themselves as “conservative” investors, 66 percent were nevertheless found to have high-risk port

1 MIN READ
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FTC approves combination of Jin Air, Air Seoul, Air Busan

The proposed merger of Jin Air, Air Busan and Air Seoul has cleared its final regulatory hurdle, paving the way for the three low-cost carriers (LCCs) to officially operate as a single carrier under the Jin Air brand beginning March 17, the nation’s antitrust authority said Thursday. Under the approvals by the Ministry of Land, Infrastructure and Transport and the Fair Trade Commission (FTC), the three carriers will be integrated through Jin Air's absorption of Air Busan and Air Seoul following Korean Air’s acquisition of Asiana Airlines. The approvals remove the major regulatory obstacles to the restructuring of Hanjin Group's airline business, following the planned launch of the integrated Korean Air as a full-service carrier on Dec. 17. Jin Air will assume the assets, liabilities, employees and legal status of the two other carriers. The combined airline will become Korea's largest LCC by fleet size, with about 58 aircraft in operation by the three carriers combined as of the end of 2025. It will combine the three carriers' routes, aircraft and operating infrastructure, with the a

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Can tougher reappointment rules curb power of Korea's bank holding company chiefs?

A corporate governance reform package unveiled by the government to boost transparency of CEO succession at financial companies and rein in long-serving chairmen is facing questions over whether it can deliver meaningful change, according to experts Thursday. Their skepticism centers on whether tougher voting requirements will make a difference when incumbent chairmen already enjoy overwhelming shareholder support, and whether independent directors will be able to challenge management in practice. The announcement comes nearly a year after President Lee Jae Myung publicly criticized what he called a “corrupt inner circle” in which a small group of executives takes turns retaining control of financial firms. A central aim of the reform is to curb incumbent CEOs’ influence over the selection of their successors. Under the proposed rules, committees responsible for nominating CEO candidates would consist entirely of independent directors. The package also seeks to make repeated reappointments harder at bank holding companies such as KB, Shinhan and Hana. CEO nominations would require a

2 MIN READ
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Kim Yoon-seok, Koo Kyo-hwan deliver gripping tension in snowy thriller 'White Blast'

Actors Kim Yoon-seok and Koo Kyo-hwan reunite on screen for the first time in five years in "White Blast," delivering a sharp, intense mystery thriller where psychological tension and dark humor collide inside a snowbound rural train station. Directed by Hong Eui-jeong and Park Sun-woo, the upcoming movie is considered one of the most anticipated Korean releases this winter. With a compact 89-minute runtime, the movie relies heavily on the dynamic between its two lead actors. Set against the heavy snowfall in mountainous Gangwon Province, the story follows Gap-soo (Kim), a veteran stationmaster just one day away from retirement, and Hyeon-taek (Koo), his newly assigned successor. When a mysterious corpse turns up at the isolated station during a severe snowstorm, the two men are drawn into a tense psychological battle. Because the two actors carry the majority of the story, their shifting emotional states drive the film’s dense atmosphere, even creating moments of unexpected humor amid the freezing cold. Director Hong, who gained acclaim for her 2020 film "Voice of Silence," explained

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Samsung Electronics breaks ground on new HBM packaging facility in Asan

Samsung Electronics broke ground on a new semiconductor packaging facility at its Onyang campus in Asan, South Chungcheong Province, Thursday as part of a 144 trillion-won ($108.4 billion) investment plan by the company and three affiliates to expand advanced manufacturing capacity in the region. The company held a groundbreaking ceremony at the campus, joined by President Lee Jae Myung, Executive Chairman Lee Jae-yong, Deputy Prime Minister Lee Hyeong-il, South Chungcheong Province Gov. Park Soo-hyun and about 100 executives and employees from Samsung and its partner companies. The new production line, aimed at beginning operations in June 2028, a year ahead of the original schedule, will expand the campus' role beyond conventional semiconductor assembly and testing to include advanced high bandwidth memory (HBM) packaging. "Through today's groundbreaking ceremony, we pledge to take another leap forward," Lee Jae-yong said. "This site, which has traditionally focused on simply assembling and testing conventional semiconductors, will become a leading hub for advanced HBM, the heart of A

3 MIN READ
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Police seek arrest warrant for father in killing of son's alleged rape victim

Police sought an arrest warrant Thursday for a 59-year-old man, surnamed Jin, suspected of killing a 15-year-old girl who was the alleged victim in a statutory rape case involving his son, as investigators continued efforts to establish the motive. The Seongbuk Police Station in Seoul requested the warrant on suspicion of murder. Jin was taken into emergency custody at around 1:40 a.m. Wednesday after allegedly stabbing the girl to death at a shared accommodation property in Seongbuk District, northern Seoul. It remains unclear what motivated him to kill her. Police will bring in a criminal profiler to help determine his motive and seek forensic analysis from the National Forensic Service. His son, 20, has been under investigation on suspicion of statutory rape involving the victim in January. Under Korean law, sexual intercourse between a person aged 19 or older and a minor aged 13 to 15 constitutes statutory rape, regardless of whether the minor consented. According to police, Jin purchased a knife and charcoal briquettes at two separate stores in Incheon earlier Tuesday. Three empty s

2 MIN READ
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KakaoBank simplifies banking for foreign residents with mobile account service

KakaoBank’s account service for foreign residents attracted 20,000 accounts in its first month, drawing customers from 124 countries, the bank said Thursday. Introduced in October, the account is available to foreign residents aged 19 and older and can be opened through the bank’s app in about five minutes. Customers can also apply for debit cards and send money overseas through the app without visiting a branch. The bank streamlines registration through the government’s Public MyData service, which retrieves personal details such as names, nationalities, addresses and occupations. The service allows users to access their administrative records held by public institutions or request that those records be shared with third parties. Applicants can also submit required documents, including employment certificates and pay statements, directly through the app. Myanmar nationals accounted for the largest share of account holders at 30.3 percent, followed by Chinese nationals at 18 percent, Vietnamese at 16.6 percent, Thai at 4.8 percent and Japanese at 4.6 percent. By purpose of stay, int

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Korea welcomes record 20 mil. foreign visitors as K-culture fuels tourism boom

Korea has crossed a milestone that once seemed distant, welcoming more than 20 million foreign tourists in a single year for the first time as the global popularity of Korean culture fuels demand for travel to the country. The Ministry of Culture, Sports and Tourism announced that international arrivals surpassed the 20 million mark on Thursday, just 14 years after Korea first recorded 10 million annual visitors in 2012. The achievement marks a new high for the country's tourism industry, with arrivals expected to continue setting records through the end of the year. The surge has also translated into higher spending and more visitors entering through regional gateways, extending tourism's economic benefits beyond the capital. Foreign tourists spent 15.9 trillion won on tourism-related activities through September, up 47.7 percent from the same period last year, according to the ministry. Arrivals through airports outside the Seoul metropolitan area reached 3.24 million, up 37.4 percent, while arrivals through regional seaports totaled 1.58 million, an increase of 14.5 percent. The ministr

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Singapore Art Week to mark 15 years by taking art to streets

SINGAPORE — For 11 days next January, art in Singapore will spill out of its museums and galleries. It will light up the facade of a skyscraper in the financial district, fill the historic Padang green, ride a bus through residential neighborhoods and greet commuters at 10 subway stations. That citywide takeover sits at the heart of Singapore Art Week (SAW) 2027, which will mark its 15th edition from Jan. 21 to 31. With Singapore expected to take on the chairmanship of the Association of Southeast Asian Nations (ASEAN) in a year that also marks the bloc’s 60th anniversary, this edition will put Southeast Asian art and its creative ties across the region front and center. SAW is organized by the National Arts Council (NAC), a statutory board under the Ministry of Culture, Community and Youth that champions the arts in Singapore, with support from the Singapore Tourism Board. Launched in 2013 with just over 50 events, the annual season has since grown into the country’s most prominent visual arts event, now spanning more than 100 programs across museums, galleries, independent art

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InterviewRenting in Korea: What foreign residents should know before signing

The cultural pull of the Korean wave and the availability of jobs have drawn growing numbers of foreign nationals to Korea. As of July, 2.9 million were living in the country, a record high, with the vast majority staying long term, according to data from the Ministry of Justice. For many, settling in Korea means navigating a housing market that can be daunting even for locals. Kim Tae-soo, a real estate investment adviser with two decades of experience in finance, has seen firsthand how gaps in understanding the system can leave newcomers exposed. One of the biggest hurdles, he said, is Korea’s distinctive rental system, particularly “jeonse,” under which tenants pay landlords a large lump-sum deposit instead of monthly rent. The deposit is supposed to be returned in full when the lease ends, typically after two years. Even monthly rentals tend to require deposits substantially larger than those in many other countries. “As a result, Korea’s housing laws place considerable emphasis on the conditions tenants must meet to secure protection for these often sizable sums. Many peop

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InterviewKorea has much to gain from helping refugees, UNHCR official says

Korea has much to gain from supporting refugees, including making a safer and more stable international environment, according to the United Nations' refugee agency representative in Afghanistan. During an interview with The Korea Times during his visit to Seoul, Tuesday, Arafat Jamal, the UN High Commissioner for Refugees' (UNHCR) representative in Afghanistan, said supporting countries such as Afghanistan is not simply an act of charity, but an investment in a more stable world. "Korea is a responsible member of the international community. And helping a country like Afghanistan is for global public good. I think that we can only gain if countries are more open and more willing to build international solidarity and to look beyond themselves," he said. Jamal expressed deep gratitude to the Korean government and people for their continued support, urging them "to continue to build solidarity with the world." Afghanistan's strategic location, bordering seven countries including China, Pakistan and Iran, makes its stability a matter of wider international concern, the U.N. official said. A

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Interview'The old America is gone': OPCON transfer is Korea's answer to changing US, Moon Chung-in says

Korea's push to regain wartime operational control (OPCON) of its military is not just an attempt to reclaim military sovereignty, but a necessary response to a fundamental shift in the United States' foreign and security policy, according to Moon Chung-in, a former presidential special adviser. In an interview with The Korea Times on Tuesday, Moon, currently a professor emeritus at Yonsei University, argued that President Lee Jae Myung's pursuit of OPCON transfer comes in line with Washington's growing expectation that Seoul assume primary responsibility for its own defense, rather than the self-reliant defense agenda set by former President Roh Moo-hyun. "The U.S. is changing, but we are still clinging to the old America. The old America is gone," Moon said. He pointed to U.S. President Donald Trump's repeated demands that Korea shoulder a greater share of its defense burden. Under such an arrangement, Korean forces would take the lead in conventional defense against North Korea, while U.S. forces would provide complementary capabilities in areas where Seoul remains relatively weak, i

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China's Xi says Taiwan 'reunification' must happen as history cannot be stopped

BEIJING — The tide of history cannot be stopped, Chinese President Xi Jinping said on Thursday, as he urged complete "reunification" of Taiwan with the motherland and pledged to do so peacefully, making no mention of the use of force. China views democratically-governed Taiwan as its own territory, despite Taipei's strong rejection of that claim, and has repeatedly offered a "one country, two systems" model of autonomy not supported by any major Taiwanese political party. Resolving the Taiwan question is an "unwavering historical mission" of China's Communist Party, Xi said in a speech in Beijing's Great Hall of the People. "The tide of history cannot be stopped," Xi added. "The complete reunification of the motherland must be realized, and it will certainly be realized." Xi's comments came in a speech on the 160th birthday of revolutionary hero Sun Yat-sen who helped lead a 1911 revolt that ended centuries of rule by emperors and empresses. China adheres to "peaceful reunification and the policy of 'one country, two systems'" and is willing to talk to Taiwan on the basis of upholding t

2 MIN READ
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EXPLAINER Why Korea's mandatory tender offer plan is drawing global scrutiny

The proposed revival of Korea's mandatory tender offer system, abolished in 1998 following the Asian financial crisis, has reignited debate nearly three decades later. The idea behind the system is simple: When someone buys a company, smaller shareholders should have a chance to sell their shares at the same price as the company's largest shareholder. Under the bill pending in the National Assembly, a buyer taking control of a company would have to purchase enough shares through a public tender offer to raise its ownership to at least 50 percent plus one share. The goal is to protect minority shareholders, particularly retail investors, who could otherwise miss out on the higher prices paid in corporate takeovers. Here's why the rule matters: Imagine Company A wants to take over Company B. Company B's largest shareholder, Kim, owns 40 percent of its shares, while smaller shareholders own the remaining 60 percent. Company A offers to buy Kim's entire stake at a price above the current market price. By acquiring Kim's 40 percent stake, Company A gains control of Company B. Kim walks away wit

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Naver clinches $1.5 bil. AI computing deal with US firm

Naver has signed a 2 trillion-won ($1.5 billion) computing services supply contract with a U.S. artificial intelligence (AI) inference company, securing an initial customer for its AI infrastructure business ahead of the commercial launch planned in the first half of next year. “This is a meaningful contract that confirms actual market demand and the initial commercial viability of the AI factory business,” CEO Choi Soo-yeon said during the company's third-quarter earnings call Thursday. "Revenue is also expected to be generated sequentially as commercial services begin in the first half of next year." AI factory is Nvidia's term referring to next-generation data centers generating tokens. The contract covers computing services involving next-generation graphics processing units (GPUs), with the initial supply scheduled for 2027. Naver is developing its AI factory business in partnership with the Canadian asset manager Brookfield and U.S. chipmaker Nvidia. It plans to expand capacity from an initial 55 megawatts next year to 200 megawatts by 2028. The company said it had secured cont

2 MIN READ
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Women flock to Seoul's Namdaemun Market for viral 'Scarf Man'

“Take a few. I can come back again.” “Oh, thank you, sis. Bless you.” At 1 p.m. on Wednesday, middle-aged women gathered outside Hanyangsa, a scarf shop at Namdaemun Market in central Seoul, were sharing scarves with one another. The shop had already closed for the day, but women who had purchased scarves earlier were handing them to those leaving empty-handed. Some visitors had traveled by train from cities such as Daegu and Daejeon. Namdaemun Market has been swept up in the craze for the “Scarf Man.” A merchant identified only as A, who sells scarves at the market, has become an online sensation for his witty banter on social media, drawing huge crowds eager to see him in person. At 1 p.m. that day, the real-time population indicator for the Namdaemun Market area stood at approximately 25,000, classified as severely crowded. When A emerged from his shop after closing, a barrage of smartphone camera flashes greeted him. He made his way through the crowd with help from privately hired security guards. His appeal lies in his down-to-earth personality and gruff, humorous way of

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Why Koreans eat boiled pork with fresh kimchi — and what it does to the body

Click here for more articles by Kormedi.com. As Korea's annual kimchi-making season approaches, one traditional food pairing is drawing renewed attention for its potential health benefits: freshly made kimchi served with steaming slices of boiled pork. Known as "suyuk," the tender boiled pork has long been a staple at the end of "kimjang," the traditional Korean practice of preparing large quantities of kimchi for the winter. In the past, families and neighbors would gather to salt napa cabbage, prepare seasonings and pack kimchi into containers. The labor-intensive process often ended with a shared meal of freshly made kimchi and boiled pork, offering a welcome reward after hours of physical work. But the pairing may offer more than comfort and flavor. Pork provides nutrients involved in energy metabolism, while cabbage and kimchi seasonings contribute fiber and antioxidants. A fading winter tradition Despite its cultural significance, kimjang is becoming less common in Korean households. According to the Korea Rural Economic Institute, 58.6 percent of households surveyed this year said th

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Editor's Pick

[COVER STORY] AI glasses solve 4 CSAT math questions in 10 seconds

COVER STORY AI glasses solve 4 CSAT math questions in 10 seconds

At an optical store in Seoul’s Myeong-dong shopping area, I looked through a pair of Rokid artificial intelligence (AI) glasses at a page of four math questions from a mock version of the College Scholastic Ability Test (CSAT). Within 10 seconds, answers and explanations appeared inside the lenses, before I had even finished making sense of the first question. All four were correct. I then tested the glasses with another math question — this time a calculus problem involving a definite integral. The correct answer appeared in under two seconds. “This is the very product that has been in the controversy lately over cheating,” the optician said. It was a brief demonstration, not a controlled accuracy test. But reading the solutions inside the lenses, I could see why exam authorities were concerned ahead of this year’s CSAT, set to be held on Nov. 19. Data from the Human Resources Development Service of Korea, disclosed in October during a parliamentary audit, showed that five cases involving AI smart glasses had been detected at state-run qualification examinations this year. Four

2 MIN READ

Life in Korea

Korean traditional culture meets modern retail at Seoul festival

Korean traditional culture meets modern retail at Seoul festival

The 2026 Today’s Tradition Festival opened Thursday at Culture Station Seoul 284, a cultural complex housed in the historic former Seoul Station building in central Seoul, the Ministry of Culture, Sports and Tourism said. Co-hosted with the Korea Craft & Design Foundation, the four-day event runs through Sunday from 10 a.m. to 6 p.m. daily, with last admission at 5:30 p.m. Now in its fourth year, the festival aims to integrate Korean heritage into contemporary lifestyles and modern consumer tastes. This year’s theme, “Bokjak Bokjak, Today’s Tradition,” plays on a Korean expression evoking a lively, bustling crowd while hinting at making and sharing “bok,” or good fortune. At the heart of the event is a pop-up market featuring 104 brands — including 39 traditional culture startups — selling home goods, fashion, food, beverages and handicrafts. Highlights include rugs woven with reimagined traditional motifs, color-changing glassware inspired by celadon and white porcelain, and hanbok, Korea’s traditional attire, redesigned for everyday wear. An adjacent exhibition sho

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Lifestyle

Love spicy instant noodles? Here's what they do to your body

Click here for more articles by Kormedi.com. Spicy instant noodles may offer a temporary sense of stress relief, but the fiery kick that makes it appealing can also trigger heartburn, abdominal pain and other digestive discomfort, particularly for people with sensitive stomachs. Capsaicin, the compound responsible for the burning sensation in chili peppers, stimulates pain receptors and can prompt the release of endorphins, chemicals involved in the body's response to pain. While this reaction may help explain why some people feel better after eating spicy food, the sensation of relief does not necessarily mean the food is beneficial to their health. The potential health effects have drawn renewed attention following a Korea Consumer Agency (KCA) report examining 12 popular instant noodle products sold in Korea. Why spicy food can upset your stomach Capsaicin activates receptors that detect heat and pain, producing the burning sensation associated with spicy food. The body responds to this stimulation through a series of physiological reactions, including sweating and changes in pain perc

3 MIN READ
Love spicy instant noodles? Here's what they do to your body

K-Culture

'Dead-End Job' tops Netflix's non-English TV chart

The Korean original series "Dead-End Job" has topped Netflix's non-English TV series chart, the streaming platform said Wednesday. The Netflix series, released Oct. 30, accumulated 8.7 million views during the latest tracking week ending Sunday, according to Netflix. The series, starring Lee Jae-wook and Kim Min-ha, blends horror and black comedy and satirizes South Korea's grind culture. It landed in the top 10 in 76 countries and topped the chart in 22 of them, including South Korea, Bolivia, Egypt, Indonesia and Vietnam. The Korean medical drama series "Doctor X: Mafia in White" ranked No. 4 with 3.7 million views. Based on the Japanese series "Doctor-X: Surgeon Michiko Daimon," it follows genius surgeon Gye Su-jeong (Kim Ji-won), who challenges corruption in her hospital. In the English film category, "KPop Demon Hunters" ranked No. 10, marking its 69th week in the top 10. It accumulated 2.8 million views and reached the top 10 in four countries.

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'Dead-End Job' tops Netflix's non-English TV chart

Celebrities

Kim Go-eun, Gang Dong-won to star in new Netflix series

Actors Kim Go-eun and Gang Dong-won have been cast in an upcoming historical romance drama, Netflix said Thursday, in what marks their first collaboration. Titled "The Twilight Between Us," the action-packed series follows a man and a woman from two families that have been locked in a long feud, who are forced to marry by royal decree, according to the streaming platform. Gang portrays Mu-yeong, an illegitimate son of the Kang family, who lives an isolated life despite his excellent martial arts skills and noble mind. Kim plays Su-ryeon, the only daughter of the Han family, who is compelled to marry Mu-yeong after failing to become crown princess. Park Ji-eun, who penned hit dramas such as "Queen of Tears" (2024) and "Crash Landing on You" (2019-2020), wrote the upcoming drama. It is directed by hit producer Kim Won-suk, known for "When Life Gives You Tangerines" (2025), "My Mister" (2018) and "Signal" (2016).

1 MIN READ
Kim Go-eun, Gang Dong-won to star in new Netflix series

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Opinion

Top 10 Stories

  1. InterviewRenting in Korea: What foreign residents should know before signing

  2. Korea welcomes record 20 mil. foreign visitors as K-culture fuels tourism boom

  3. COVER STORY Korean investors in Nvidia suffer estimated $2.4 bil. in valuation losses

  4. Nvidia board meets to decide CEO Huang's future as leadership crisis deepens

  5. China's Xi says Taiwan 'reunification' must happen as history cannot be stopped

  6. Interview'The old America is gone': OPCON transfer is Korea's answer to changing US, Moon Chung-in says

  7. Lee to attend ASEAN, APEC summits in Philippines, China next week

  8. InterviewKorea has much to gain from helping refugees, UNHCR official says

  9. Congressman-elect Koh expresses concerns over S. Korea-US alliance under Trump administration

  10. Women flock to Seoul's Namdaemun Market for viral 'Scarf Man'

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