City Seoul Financial News

Shares are mixed in Asia after China's premier said the country's target for economic growth this year is around 5%, in line with expectations

South Korean crypto controversy continues as police announced the investigation of a firm linked to a gaming coin.

₹251 crore IPO to open Mar 5 BYD India to unveil Seal EV sedan in India Mar 5 Oppo F25 Pro launched in India, will go on sale from Mar 5 Nothing to launch CMF Neckband, Buds alongside Nothing Phone 2(a) on Mar 5 South Korea: Jaishankar to visit Seoul to co-chair the Korea Joint Commission Meeting Mar 5 Goa: Rajnath Singh to inaugurate new building of Naval War College at INS Mandovi Mar 5 Kochi: Indian Navy to commission MH 60R Seahawk at INS Garuda Mar 5 Maratha quota stir: Bombay HC to hear the matter Mar 5 Rahul Gandhi plans Mahakaleshwar Temple visit Mar 5 Delhi: NDMC to start admission to its 12 Navyug schools Mar 5 AP: CM Jagan Mohan Reddy to visit Vizag to take part in two programmes Haryana Cabinet to meet on Mar 5 Hookah ban: Kerala HC hearing on Mar 5Milestone Alert! Livemint tops charts as the fastest growing news website in the world

AfreecaTV BJ (broadcast jockeys) stars have become the latest targets of increasingly sophisticated South Korean crypto scammers.

By Hyun Young Yi and Hyonhee Shin

South Korean police continue to wage “war” on crypto-powered drug trafficking, with officers in the capital Seoul making 452 arrests from June 2022 to December 2023.

Mark Zuckerberg, who is on a mini-Asia tour, is currently in Japan, exploring the heritage and food of the country. The Meta chief is likely to visit Seoul and attend the pre-wedding celebrations of Anant Ambani, the youngest son of Mukesh Ambani, in Gujarat’s Jamnagar. “Mark is in Japan for a personal trip and will also meet with a few key partners while he is here," Bloomberg quoted Meta Platforms' spokesperson as saying.

OTC crypto crime appears to be on the rise in South Korea, where police say they have arrested a “multinational gang” who allegedly locked a woman in a car before stealing cash.

Mark Zuckerberg was in Japan on Monday on a mini-Asia tour involving sword-making, mixed-reality headsets in Seoul and reportedly also lavish pre-wedding celebrations for an Indian multi-billionaire's son. Zuckerberg posted footage on Sunday on social media of a «special afternoon learning about making katanas» with a sword master, including of him hammering molten metal and swinging a blade.

artificial intelligence services and forge ties with business and government leaders in the region. Meta Platforms Inc.’s chief executive officer, who’s been in Japan the past week to accompany his family on a ski trip, will meet with his company’s developers in Tokyo on Monday and Tuesday, according to a spokesperson. They’ll discuss the company’s Quest virtual-reality headsets and its large language model Llama, one of its efforts to compete with OpenAI’s ChatGPT.

SEOUL (Reuters) -South Korea's financial regulator on Monday announced reform proposals to nudge listed companies with low valuations to report plans to boost shareholder returns in an effort to reduce the «Korea discount» on stock prices.

“Is crypto a security?”– South Korean courts cannot seem to decide on the answer, and a new report claims the conundrum is causing a legal backlog.

SEOUL (Reuters) -South Korea's finance minister said the government's corporate reform plan would continue in steps until the «Korea discount» in the local stock market is resolved.

K-Pop has lost one of its most legendary producers Shinsadong Tiger. The maestro, known for producing classics such as ‘Up & Down’ (for the girl group EXID, ‘Thriller’ for BtoB, ‘Mastermind’ by Beast, Apink’s ‘No No No’ etc, was found dead in his recording studio on Thursday. He was 41 years old. According to a report by The Korea Herald, the composer was found dead by an acquaintance, who travelled to his studio after the producer didn’t respond to calls.

A new project has taken the Cryptoverse by storm. Ethereum Layer 2 Blast’s TVL is nearing $2 billion ahead of its mainnet launch and an upcoming Blast airdrop at the end of the month. Notably, commenters argue that the protocol – created by the BLUR team – already has an entire ecosystem ready to go.

Building a vibrant community by spotlighting industry titans and featuring cutting-edge discussions to shape the future of Web3

Also Read: Auto Q3 Result Review: Expect positive momentum to sustain, says Nuvama; picks Hero Moto, M&M, Minda The fundraising by Hyundai would put the valuation of its Indian operation at more than half its market capitalisation of around $47 billion in Seoul, the report added. Some domestic Indian investment banks are also likely to be appointed for the IPO in coming months.

Mark Zuckerberg is planning to visit South Korea and is scheduling key meetings during his trip, Meta said in a statement on Wednesday without elaborating. Zuckerberg is expected to meet Samsung Electronics chairman Jay Y Lee as early as later this month to discuss AI chip supply and other generative AI issues, South Korean newspaper Seoul Economic Daily reported earlier on Wednesday, citing unnamed sources with knowledge of the matter.

European shares opened lower after a mixed session in Asia as Chinese markets reopened from a long Lunar New Year holiday

South Korean shares rose more than 1% on Monday to their highest level since May 2022, as chipmakers jumped and foreign buying continued on optimism around the government's corporate reform plan. ** The benchmark KOSPI closed up 31.50 points, or 1.19%, at 2,680.26 — its highest level since May 31, 2022.

Shares in Asia are higher, with Japan's benchmark Nikkei 225 index approaching a record high