Lee Eog-weon

Money Moves

Said a Solidigm US listing would fall under dual-listing guidelines

SK Hynix dropped the planned US listing of its Solidigm memory unit, a sale that could have raised $15 billion at a $150 billion valuation. It halted the review on October 23, citing market conditions and share prices. On October 28 it said the review was discontinued. South Korean regulators had said the listing would fall under rules meant to protect parent-company shareholders.

Updated Nov 1

New Capabilities

Leading the regulatory response; the FSC confirmed 16 affected firms on October 14 and plans to hold CEOs and boards accountable for security

South Korea's cyber alert remains at Watch, the second-highest of five levels, after regulators confirmed on October 14 that breaches at 16 financial firms exposed about 100,000 personal records. That is up from seven firms and about 68,000 people reported earlier in the month. Depositors pulled more than 20 trillion won from the five biggest banks between September 30 and October 11.

Updated Oct 21

Money Moves

As of September 2026: Executing market stabilization program

South Korea's stock market was the world's best performer in early 2026, with the KOSPI peaking at 6,347 in late February. When Iran closed the Strait of Hormuz, the passage for roughly two-thirds of the country's crude oil imports, the index crashed 19% in two days, the worst two-day drop in its history.

Updated Sep 12