City Seoul Financial News
28.03 / 06:45
Bitcoin
voice
reports
Investigations
South Korean Civil Servant Charged with Crypto Fraud
A South Korean civil servant was arrested on March 27 on charges of committing crypto-related fraud and carrying out voice phishing attacks.
26.03 / 09:33
markets
Manufacturing
Boeing
stage
reports
International
China's COMAC wide-body C929 jet in 'detailed design stage', official says
SEOUL/BEIJING (Reuters) — Chinese state-owned planemaker COMAC's first wide-body jet is in its «detailed design stage», an executive said on Tuesday, following a report from the jet's fuselage manufacturer aiming to deliver the first fuselage section by September 2027.
26.03 / 04:23
Man
Police
Trade
South Korean ‘Crypto Fraudsters’ ‘Duped Financier Out of $4.1m’
Suspected South Korean crypto fraudsters allegedly fooled a wealthy financier into parting with over $4.1 million, the nation’s police force said on March 25.
23.03 / 22:55
MET
country
song
International
North Korea, China commit to bolster ties in high-level Beijing talks
SEOUL (Reuters) -North Korean and Chinese officials have met in Beijing and committed to further develop bilateral ties, North Korean media said on Sunday, as Pyongyang seeks to expand its diplomatic engagement after COVID-19 lockdowns.
21.03 / 19:27
Citi
Food
love
Sky News
Olympics
outbreak
reports
athletics
Paris Olympic 2024: Sex is back in City of Love, 3 lakh condoms to be distributed in Game Village
Olympic Village, said the organizers of the 2024 Paris Games plan to provide 300,000 condoms to 14,250 residents staying in their quarters. “We are aiming to have 300,000 condoms here at the disposal of the athletes in the village. It’s a quantity that makes sure that everybody will have what they’re expecting and what they need," Michaud told Sky News.
21.03 / 12:55
markets
UPS
DOW
Remark
Trade
Markets rally makes investors richer by Rs 5.72 lakh cr
Investors’ wealth jumped Rs 5.72 lakh crore on Thursday as markets soared nearly 1 per cent in tandem with a rally in global equities after the US Fed projected three rate cuts this year. The 30-share BSE Sensex jumped 539.50 points or 0.75 per cent to settle at 72,641.19. During the day, it zoomed 780.77 points or 1.08 per cent to 72,882.46. The market capitalisation of BSE-listed firms went up by Rs 5,72,752.79 crore to Rs 3,79,85,669.12 crore (USD 4.57 trillion).
20.03 / 09:47
SPY
country
reports
testing
travelers
North Korea successfully conducts ground-jet test for new hypersonic missile
North Korea has successfully conducted a ground-jet test of a solid-fuel engine for a new type of intermediate hypersonic missile amid heightened tensions on the Korean peninsula, according to Yonhap News Agency. Reportedly, hypersonic missiles are on the list of sophisticated weapons North Korean leader Kim Jong-un vowed to develop during a key party congress in 2021, along with nuclear-powered submarines, spy satellites and solid-fuel intercontinental ballistic missiles. The missiles travel at a speed of at least Mach 5, five times the speed of sound, and are designed to be maneuverable on unpredictable flight paths and fly at low altitudes.
20.03 / 05:25
markets
Police
country
Investigations
boating
South Korean Altcoin Issuer Arrested on $16.1m Fraud Charges
A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million.
20.03 / 04:47
markets
UPS
Provident
security
Remark
electronic
Samsung Elec expects $100 million or more sales from advanced chip packaging business
By Joyce Lee and Heekyong Yang
19.03 / 06:59
Digital
Election
Freedom
country
prevention
rights
South Korea hosted summit warns of AI risks to democracy
democracy, as some officials attending a global summit accused Russia and China of conducting malicious propaganda campaigns. Speaking at the opening of the Summit for Democracy in Seoul, Yoon said countries had a duty to share experiences and wisdom so that artificial intelligence and technology could be employed to promote democracy.
19.03 / 04:59
Digital
Opinion
trends
crypto regulation
International
South Korean Regulators Discuss Crypto Regulation with ASEAN, OECD Officials
South Korean regulators talked to officials from ASEAN, the Association of Southeast Asian Nations, and the OECD about crypto policy in Seoul on March 18.
19.03 / 03:31
markets
UPS
Provident
security
NVIDIA
Micron
electronic
Nvidia supplier SK Hynix begins mass production of next generation memory chip
SEOUL (Reuters) — SK Hynix Inc said on Tuesday it has begun mass production of next-generation high-bandwidth memory (HBM) chips used in artificial intelligence chipsets, with sources saying initial shipments will go to Nvidia (NASDAQ:NVDA) this month.
18.03 / 05:21
markets
Racing
Trade
students
performer
rights
FIITJEE slammed for controversial 'belittling' Ad: Zoho's Sridhar Vembu, IRS officer Katyayani Sanjay Bhatia react
Also Read | North Korea Fires Ballistic Missile as Blinken Visits Seoul The IRS officer also raised concerns about the undue pressure such advertisements could place on students and called upon the Education Ministry and Union Minister for Women and Child Development Smriti Irani to take note of these "advertising malpractices." Bhatia asserted that “no institute has the right to shame students to claim its superiority." Also Read | Dividend paying stock Oil India share price to trade ex-dividend today In the controversial advertisement, FIITJEE traced the student's performance history while at the institute and claimed that she could have scored a perfect 100 NTA score in JEE-Mains 2024 if she had remained with them, dismissing the contribution of the "EVIL institute" as negative. Also Read | Turkey Finance Chief Highlights Central Bank Policy Independence Meanwhile, Sridhar Vembu, said, “India has to get out of this ultra-competitive exam pressure on children and young adults.
16.03 / 21:56
BTS
love
Celebrity
dance
gatherings
Videos
BTS' V celebrates 'FRI(END)S' release with heartwarming moments amid military service
BTS’ V, also known as Kim Taehyung, recently delighted fans with the release of his new music video «FRI(END)S,» showcasing his talent and storytelling prowess. Despite being in mandatory military service, V didn't let this milestone pass without celebration, gathering with his batchmates for heartwarming moments.
13.03 / 20:39
08.03 / 15:19
crypto regulation
US Prosecutors to Appeal Montenegrin Court’s Decision to Extradite Do Kown to South Korea
US prosecutors aim to appeal the Montenegrin High Court’s decision to extradite former cryptocurrency mogul Do Kwon to South Korea to face charges related to the $40 billion collapse of the TerraUSD stablecoin in 2022.
08.03 / 04:37
Provident
Platform
Instagram
Trade
country
reports
Investigations
South Korea regulator may sanction Meta over marketplace, say media reports
SEOUL (Reuters) — South Korea's antitrust agency will consider imposing sanctions on Meta Platforms (NASDAQ:META) for allegedly failing to protect some users of online marketplaces operated by Facebook and Instagram against fraudulent transactions, news reports said on Friday.
07.03 / 23:15
Action
Sustainability
country
social
Discrimination
Equality
International
Invest in women for a gender dividend to transform India
In the 1990s, South Korea faced a pivotal moment in its economic development. At the time, the country was rapidly industrializing and seeking ways to sustain its economic growth. Recognizing the untapped potential of half its population, South Korea embarked on a series of reforms aimed at increasing women’s participation in the workforce and promoting gender equality.
07.03 / 19:57
Terraform Labs
South Korea Seeks Interpol’s Aid to Extradite Terraform Labs Co-Founder
South Korea’s National Police Agency has officially requested assistance from the International Criminal Police Organization (Interpol) in bringing back Kwon Do-hyeong, the co-founder of Terraform Labs, to South Korea, according to a local news agency on March 7.
06.03 / 23:37
markets
ETF
Election
Bitcoin
reports
Bitcoin ETF approval
No Bitcoin ETF Without Further Crypto Regulation, Says South Korean FSS Chief
No Bitcoin ETF will gain approval in South Korea unless the government introduces new crypto rules, the head of the Financial Supervisory Service (FSS) said on March 5.
06.03 / 02:49
Blockchain
NFT
ICO
innovations
politician
Jeju Island, South Korea, Eyes NFT-powered Growth
Jeju Island, a subtropical province off the South Korean mainland’s south coast, says it wants to use non-fungible tokens (NFTs) to transform its economy.
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