SK Hynix Shares Draw Second Exchange Caution on Blistering Rally

SK Hynix Inc. experienced a decline in share prices following a warning from South Korea's main stock exchange regarding the rapid increase in its stock value, which had surged due to expectations of a potential listing in New York. This marks the second caution issued within a month, reflecting concerns over the sustainability of the stock's performance.

Coupang's CEO has resigned following a significant data breach that compromised the personal information of approximately 33.7 million users in South Korea. The breach, which was disclosed last month, has raised serious concerns about the security measures in place at the e-commerce giant.

Coupang's CEO, Park Dae-jun, has resigned following a massive data breach that exposed personal information of nearly 34 million customers in South Korea. The company has publicly acknowledged the breach and Park has accepted 'grave responsibility' for the incident, which has raised significant concerns about data security practices within the organization.

SK Hynix Inc. is considering a share listing in New York, a strategic move aimed at aligning its valuation more closely with U.S. competitors like Micron Technology Inc. This decision comes amid a significant surge in SK Hynix's share prices, which have tripled this year due to the booming demand for artificial intelligence technologies.

South Korea's jobless rate increased to 2.7% in November, reflecting a slight rise in unemployment as the nation continues to navigate economic challenges. This uptick comes amid various fiscal adjustments and ongoing recovery efforts following the pandemic's impact on the labor market.