The KOSPI rose as Alphabet's results boosted AI demand optimism, while Seoul mayor Oh Se-hoon was fined for campaign finance violations
Seoul stocks open higher on tech rally after Alphabet earnings
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Summary
Oh Se-hoon, the 65-year-old conservative who has led South Korea's capital on and off for nearly two decades, was fined 10 million won (US$6,800) on Wednesday for violating the Political Funds Act ahead of the mayoral by-election in 2021. Should the Supreme Court uphold Wednesday's verdict, Oh would be stripped of his position as Seoul's mayor and forfeit any hope of winning a seat in the 2028 National Assembly elections or entering the next presidential race in 2030. The United States launched the 12th consecutive strike against Iran, with President Donald Trump threatening to "bomb and destroy" an Iranian bridge or power plant each time Tehran strikes ships in the Strait of Hormuz.
Furthermore, SEOUL, July 23 (Yonhap) -- South Korean stocks opened higher Thursday, led by a sustained tech rally, as the latest earnings results from Alphabet reaffirmed demand for artificial intelligence (AI).
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Oh Se-hoon, the 65-year-old conservative who has led South Korea's capital on and off for nearly two decades, was fined 10 million won (US$6,800) on Wednesday for violating the Political Funds Act ahead of the mayoral by-election in 2021.
according to South China Morning Post - AsiaShould the Supreme Court uphold Wednesday's verdict, Oh would be stripped of his position as Seoul's mayor and forfeit any hope of winning a seat in the 2028 National Assembly elections or entering the next presidential race in 2030.
according to South China Morning Post - AsiaThe United States launched the 12th consecutive strike against Iran, with President Donald Trump threatening to "bomb and destroy" an Iranian bridge or power plant each time Tehran strikes ships in the Strait of Hormuz.
according to Yonhap News +1SEOUL, July 23 (Yonhap) -- South Korean stocks opened higher Thursday, led by a sustained tech rally, as the latest earnings results from Alphabet reaffirmed demand for artificial intelligence (AI).
according to Yonhap News +1
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