South Korea is considering implementing an oil price cap for the first time in nearly 30 years, invoking Article 23 of the Petroleum and Alternative Fuel Business Act, which authorizes the government to set maximum retail fuel prices during periods of sharp market fluctuation. The provision, last activated during the oil price spikes of the…
South Korea’s Framework Act on Artificial Intelligence Development and Establishment of Trust, commonly known as the AI Basic Act, went into enforcement on January 22, 2026. The timing matters. South Korea is now the first country in Asia with a comprehensive, binding AI governance law that carries extraterritorial reach, transparency obligations, and mandatory risk assessments…
South Korea’s KOSPI closed at an all-time high of 4,624.79 on Monday, adding 0.84% in a session that underscored the market’s transition from a purely AI-driven rally to a broader governance-led rerating. While Samsung and SK Hynix remain the index’s gravitational center, the day’s standout performer was Hyundai Glovis, which surged as much as 7%…
South Korea’s Financial Services Commission is preparing to implement the final phase of its short-selling regulatory overhaul, which has been one of the most consequential market structure changes in the KOSPI’s history. The ban on naked short-selling, implemented in late 2023 and extended multiple times since, is being replaced with a permanent regulatory framework that…
