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  • Yesterday, 2:53 AM
    • Politicians in South Korea have voted to impeach president Park Guen-hye over a corruption scandal involving a confidante. If she's permanently removed from office by the constitutional court (a procedure that could take up to half a year), snap elections will be called within two months.
    • Largely ceremonial prime minister Hwang Kyo-Ahn is set to become acting president, but with political uncertainty at a high, South Korea's defense minister has reportedly stepped up the military alert.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Yesterday, 2:53 AM | 2 Comments
  • Yesterday, 2:16 AM
    | Yesterday, 2:16 AM
  • Tue, Dec. 6, 3:25 AM
    • South Korean President Park Geun-hye has accepted a proposal for her to step down in April over an influence-peddling scandal, upon which a presidential election would be held 60 days after her resignation.
    • She will also accept the result of an impeachment vote against her this week. If the latter were to happen, she would be suspended from power unless the move was rejected by the constitutional court.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Tue, Dec. 6, 3:25 AM | 1 Comment
  • Sun, Dec. 4, 4:09 AM
    • South Korea's three opposition parties introduced a joint impeachment motion against President Park Geun-hye on Saturday, dismissing the scandal-hit leader's recent proposal to resign early if parliament can agree on a suitable transition.
    • The motion, signed by 171 members of the 300-seat legislature, will be put to a vote on Friday, but still needs a two-thirds majority - or 200 lawmakers - to impeach her.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Sun, Dec. 4, 4:09 AM
  • Tue, Nov. 29, 4:11 PM
    | Tue, Nov. 29, 4:11 PM
  • Tue, Nov. 29, 1:49 AM
    • With protests growing in South Korea, President Park Geun-hye has asked parliament to find a way for her to relinquish power and shorten her term, but the opposition said she was just trying to avoid impeachment.
    • "I am giving up everything now," Park said in a televised address to the nation, again offering an apology for the corruption scandal that has paralyzed her government for weeks.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Tue, Nov. 29, 1:49 AM
  • Sun, Nov. 27, 8:26 AM
    • More than a million protesters gathered in central Seoul on Saturday in the fifth consecutive weekly rally against President Park Geun-hye as opposition parties plan to put an impeachment motion up for a vote in early December.
    • The protests, which have plunged the nation's government into uncertainty, mark the the largest ongoing series of demonstrations in the country since the 1987 movement to democratize South Korea.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Sun, Nov. 27, 8:26 AM | 3 Comments
  • Mon, Nov. 21, 5:15 AM
    • Prosecutors in South Korea believe President Park Geun-hye played a "considerable role" in an escalating a corruption scandal, which has brought allegations of cult activities, influence-peddling and leaks of classified information.
    • The formal accusations come as hundreds of thousands of people took to the streets of Seoul in the fourth straight weekend of protests and opposition parties move to impeach the President.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Mon, Nov. 21, 5:15 AM
  • Sun, Nov. 13, 9:40 AM
    • South Korean prosecutors have questioned the heads of some large conglomerates, including the chairman of Hyundai Motor (OTC:HYMLF), and plan to question the de factor head of Samsung Group in a probe over a political scandal involving President Park Geun-hye, according to Yonhap News Agency.
    • Pressure is mounting on Park to step down after hundreds of thousands of demonstrators marched in the capital on Saturday to protest allegations that she let a friend meddle in state affairs.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Sun, Nov. 13, 9:40 AM
  • Tue, Nov. 8, 3:19 AM
    • Seeking to defuse a crisis rocking her presidency, South Korea's Park Geun-hye said she will withdraw her nominee for prime minister if parliament recommends a candidate and is willing to let the new premier control the cabinet.
    • The political concession comes as opposition lawmakers demand she distance herself from domestic affairs to quell an influence-peddling scandal that has crippled her government for weeks.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Tue, Nov. 8, 3:19 AM
  • Sun, Nov. 6, 3:59 AM
    • Tens of thousands of people rallied in Seoul on Saturday to demand South Korean President Park Geun-hye step down over an explosive political scandal.
    • While several politicians have individually called for the president's resignation, opposition parties have yet to attempt a serious push for her departure or impeachment in fear of negatively impacting next year's presidential election.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Sun, Nov. 6, 3:59 AM
  • Wed, Nov. 2, 2:16 AM
    • The cronyism scandal engulfing South Korea's President Park Geun Hye could hardly have come at a worse time for the country's economy.
    • Samsung is still trying to control damage from canceling its Note 7, Hanjin Shipping went into receivership and the head of Lotte Group has been indicted for embezzlement.
    • With pressure building, the Blue House has appointed a new prime minister and finance minister in a high-profile governmental shakeup.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Wed, Nov. 2, 2:16 AM | 2 Comments
  • Tue, Oct. 25, 4:49 AM
    • Weakness seen in South Korea's Q3 GDP growth data was largely due to the scrapping of Samsung's Galaxy Note 7, Hyundai Motor's strikes and the collapse of Hanjin Shipping, according to the Bank of Korea.
    • Gross domestic product grew by a seasonally adjusted 0.7% over July-September vs. the second quarter, but is still expected to hit the central bank's 2.7% forecast this year.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY, KOR
    | Tue, Oct. 25, 4:49 AM
  • Wed, Oct. 12, 4:45 AM
    | Wed, Oct. 12, 4:45 AM | 1 Comment
  • Fri, Sep. 9, 2:06 AM
    • Hours after multiple global agencies detected a magnitude 5.3 earthquake near North Korea's nuclear test site, Pyongyang declared it had conducted its fifth nuclear test and was now able to produce miniaturized nuclear warheads.
    • South Korea's vice finance minister said the government will closely monitor financial markets and guard against geopolitical risks linked to the North's actions, and promised to take measures to stabilize markets if needed.
    • South Korea's KOSPI -1.4% to 2,035.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY
    | Fri, Sep. 9, 2:06 AM | 12 Comments
  • Mon, Sep. 5, 4:35 AM
    • All three were medium-range Rodong-class and flew about 600 miles, with at least one of the missiles falling into Japan's Air Defense Identification Zone.
    • The launches were likely a show of force by the North's military timed to coincide with the Group of 20 leaders' summit taking place in China, the South's Office of the Joint Chiefs of Staff said in a statement.
    • ETFs: EWY, KF, KEF, KORU, DXKW, DBKO, FKO, QKOR, HEWY
    | Mon, Sep. 5, 4:35 AM