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Finance & Markets

Budget 2027 nears final stage with high-impact sectors in focus

HIGH-impact industries including electronics and electrical (E&E), semiconductors, automotive, the Blue Economy and medical devices are taking centre stage as preparations for Budget 2027 enter their final phase. Finance Minister II Datuk Seri Amir H...

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Oil surges past $108 as Hormuz attack and Saudi pipeline shutdown rattle markets

Brent crude climbed above $108 a barrel on Monday morning after a merchant vessel was struck in the Strait of Hormuz, killing one crew member, and Saudi Arabia shut its main pipeline bypassing the…

  • Brent crude and WTI oil prices exceed $108 and $102 per barrel, respectively
  • Saudi Arabia shuts East-West pipeline due to drone attacks
  • Strait of Hormuz attacks raise concerns for global oil trade

KOSPI falls below 6,700 on AI growth, oil, rate concerns

The KOSPI fell below 6,700 Monday as concerns over a possible slowdown in AI development triggered heavy foreign selling, with high oil prices and elevated interest rates adding to investor unease. The benchmark index closed at 6,684.37, down 3.26 percent from the previous session.

What drove KB to pick Lee Jae-keun as next chairman?

The surprise nomination of KB Financial Group Vice Chairman Lee Jae-keun as its next chairman shows that the financial sector is under growing pressure from regulators to reform governance by strengthening board independence and improving fairness and transparency in leader selection procedures, according to observers in the industry.

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