City Seoul Financial News

King Charles III has hosted South Korean President Yoon Suk Yeol and his wife at a glittering banquet at Buckingham Palace, as Britain rolled out the red carpet for a formal state visit aimed at strengthening trade and defense ties between the two coun...

fired a missile late Tuesday. "Missile launch. Missile launch.

South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb.

Samsung Electronics Executive Chairman Jay Y. Lee faces a final court hearing on Friday over accounting fraud and stock price manipulation charges involving an $8 billion merger of two Samsung affiliates in 2015. The trial is the last legal uncertainty for Lee, who had being pardoned for an earlier, separate conviction and only last year cemented his leadership position of Samsung.

Asian shares have retreated after Wall Street added a bit more to its big rally from a day before

A branch of the South Korean High Court has jailed a convicted crypto scammer who operated a bogus token trading platform for nine and a half years.

SEOUL (Reuters) — South Korea's largest music label Hybe Co, behind K-Pop supergroup BTS, said on Monday it acquired the music label of Spanish-language media company Exile Content in its first major foray into the Latin music market.

By Ebru Tuncay and Heekyong Yang

Paris 2024 Olympics. Traditional Korean spa called "jjimjilbang" in Incheon, west of Seoul, and a college dorm in the southeastern city of Daegu reported the bedbug outbreak, Reuters reported, citing officials.

Travel was expensive and busy in 2023, leading jetsetters to seek out cheaper, less-trodden alternatives to popular hot spots. It's a great way to save money on trips heading into 2024, according to experts.

South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49.

Shares have mostly fallen in Asia after a mixed close on Wall Street

By Jack Kim

romantic drama series, 'Welcome to Samdalri,' is on its way to your screens. Directed by Kwon Hye Joo and written by Cha Young Hoon, this series is set to make waves internationally.

North Korea is poised to close as many as a dozen embassies including in Spain, Hong Kong, and multiple countries in Africa, according to media reports and analysts, in a move that could see nearly 25 percent of Pyongyang's missions close worldwide. North Korea's recent closing of its diplomatic missions was a sign that the reclusive country is struggling to make money overseas because of international sanctions, South Korea's unification ministry said on Tuesday. On Monday, North Korean state media outlet KCNA said the country's ambassadors paid «farewell» visits to Angolan and Ugandan leaders last week, and local media in both African countries reported the shutdown of the North's embassies there. Both Angola and Uganda have forged friendly ties with North Korea since the 1970s, maintaining military cooperation and providing rare sources of foreign currency such as statue-building projects. The embassy closings set the stage for what could be «one of the country's biggest foreign policy shakeups in decades», with implications for diplomatic engagement, humanitarian work in the isolated country, as well as the ability to generate illicit revenue, wrote Chad O'Carroll, founder of the North Korea-focused website NK Pro. More than a dozen missions may close, likely because of international sanctions, a trend of Pyongyang's disengaging globally and the probable weakening of the North Korean economy, he said in a report on Wednesday. Seoul's unification ministry, which handles inter-Korean affairs, said the pullout reflected the impact of international sanctions aimed at curbing funding for the North's nuclear and missile programs. «They appear to be withdrawing as their foreign currency earning business has stumbled

A South Korean prosecution unit dedicated to investigating crypto crime is already “overloaded” with cases, just over a year after launching.

The trial of payment platform developer Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, and seven others got underway in Seoul Southern District Court in South Korea on Oct. 30, according to local news reports. Shin is accused of defrauding investors. Also at issue was whether or not Luna is a security.

Shares have skidded in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold

World shares are mixed after China pledged more spending to counter its economic slowdown

By Joyce Lee and Heekyong Yang

Asian shares are mixed after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%