KOSPI Hits Record 6,700: Insights into South Korea's Economic Boom

Kim Soo-gang | 2026.04.29


■ Kim Geon-hee sentenced to 4 years on appeal… Former President Yoon Suk Yeol’s obstruction-of-arrest appeal due tomorrow ■ Kim Geon-hee was sentenced on appeal to four years in prison and fined 50 million KRW (approximately $37,500). The appellate court found her guilty of the Deutsche stock price-manipulation charge and of arranging to receive a Chanel bag before former President Yoon’s inauguration — charges the lower court had acquitted her of. The appellate ruling in former President Yoon Suk Yeol’s obstruction-of-arrest case is scheduled to be announced tomorrow. ■ 'Attempted assassination of President Trump' suspect charged… faces possible life sentence ■ Prosecutors have charged the suspect who opened fire at a dinner attended by President Donald Trump with attempted assassination of the president. If convicted, the suspect could face life imprisonment. ■ US: We will not tolerate control of the strait… Iran opens accounts to collect passage tolls ■ The United States reiterated that it will not tolerate Iran’s control of the Strait of Hormuz. Iran, meanwhile, has begun preparations to collect tolls for ships transiting the strait. ■ Iran, Russia deepen ties amid stalled talks… release footage of seized ships ■ Iran’s foreign minister met with President Vladimir Putin to emphasize strategic alignment with Russia. The Islamic Revolutionary Guard Corps released video footage of two vessels it seized on the 22nd. ■ KOSPI tops 6,700 intraday for first time… market capitalization ranks eighth globally ■ The KOSPI climbed past 6,700 intraday for the first time today, setting another record high. It also posted record closing levels for the second consecutive day, and the domestic market’s total capitalization rose to the eighth-largest in the world. Yonhap News TV contact and tips: KakaoTalk/LINE jebo23 Kim Soo-kang (kimsookang@yna.co.kr)