City Seoul Financial News

South Korean prosecutors have asked a court to arrest an ex-pro golfer and a top executive at Bithumb, one of the country’s leading crypto exchanges.

airport toward waters off its east coast. The missiles flew about 360 kilometers (225 miles). The North's army said the missiles were fired late Wednesday in a "tactical nuclear strike drill simulating scorched earth strikes at major command centers and operational airfields" across the border in South Korea.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty settled higher in the previous session supported by gains in select heavyweights, including HDFC Bank, Tata Steel amid positive global cues. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended with gains. European markets were trading in the green.

₹305 crore during the session. As per the NSE data, FIIs cumulatively bought ₹10,515.8 crore of Indian equities, while they sold ₹10,453.97 crore --- resulting in an inflow of ₹61.51 crore. Meanwhile, DIIs infused ₹8,131.87 crore and offloaded ₹7,826.78 crore, registering an inflow of ₹305.09 crore.

Fish auction prices at a port south of the Fukushima Daiichi nuclear power plant are mixed amid uncertainty about how consumers may respond a day after treated and diluted radioactive wastewater began to be released into the sea

free trade in the belief that it would liberalize China. But Biden maintained much of his predecessor’s tough policies toward Beijing. Tariffs remained in place.

North Korea has apparently decided to reopen its border after more than three years of its tight virus curbs largely due to economic challenges from the closure, South Korea's Unification Ministry said on Monday. North Korea said Sunday it has allowed its citizens abroad to return home amid eased concerns about the Covid-19 pandemic and will put them under quarantine for a week, reports Yonhap News Agency. The decision marked the secretive regime making official the reopening of its border. «Due to its border closure, North Korea is presumed to have faced various economic difficulties, and there were probably many inconveniences as personnel exchanges were blocked,» Koo Byoung-sam, a spokesperson at the Ministry, told a regular press briefing. Still, the Ministry viewed the North's latest move as «limited border reopening,» as the North has only approved the return of its nationals abroad, without mentioning when it will allow entry by foreigners. With the latest decision, more North Korean diplomats, labourers and students staying in foreign nations are expected to return. There are also concerns that North Korean defectors in China could be forcibly repatriated to the North. The Unification Ministry voiced «grave concerns» about the possible repatriation of North Korean defectors who were arrested and detained in China. «We'd like to stress once again that such defectors should not be forcibly sent back to the North against their will.

The sound of treated radioactive water flowing to an underground pool could be heard as media toured Japan's Fukushima Daiichi nuclear power plant

Fish auction prices at a port south of the Fukushima Daiichi nuclear power plant are mixed amid uncertainty about how consumers may respond a day after treated and diluted radioactive wastewater began to be released into the sea

Fukushima Daiichi nuclear plant's central control room in northeastern Japan, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted and released into the Pacific Ocean. In the coastal area of the plant, two seawater pumps are in action, gushing torrents of seawater through sky blue pipes into the big header where the treated water, which comes down through a much thinner black pipe from the hilltop tanks, gets diluted by hundreds of times before the release. The sound of the treated and diluted radioactive water flowing into an underground secondary pool was heard from beneath the ground during Sunday's first plant tour for media, including The Associated Press, since the controversial release began. «The best way to eliminate the contaminated water is to remove the melted fuel debris,» said Tokyo Electric Power Company Holdings spokesperson Kenichi Takahara, who escorted Sunday's media tour for the foreign press. But Takahara said the scarcity of information from inside the reactors makes planning and development of the necessary robotic technology and a facility for the melted fuel removal extremely difficult. «Removal of the melted fuel debris is not like we can just take it out and be finished,» he said. The projected decades-long release of treated water has been strongly opposed by fishing groups and criticized by neighboring countries.

US Federal Reserve Chair Jerome Powell's speech at Jackson Hole. The domestic institutional investors (DIIs) were net buyers again and invested ₹1,414 crore during the session. As per the NSE data, FIIs cumulatively bought ₹10,929.61 crore of Indian equities, while they sold ₹15,567.82 crore --- resulting in an outflow of ₹4,638.21 crore.

A bizarre South Korean crypto-related murder case has taken a new twist, with one of the chief suspects telling a court his initial confession was “false.”

Reliance Industries and HDFC Bank, ahead of the release of Reserve Bank of India (RBI) minutes of the Monetary Policy Committee (MPC) meeting today as well as annual central bank summit in Jackson Hole, Wyoming, on Friday. Officials of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan are meeting in Jackson Hole, Wyoming, for their yearly conference on central banking. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the positive territory.

South Korean tech company Naver Corp has unveiled its answer to OpenAI’s ChatGPT — named CLOVA X — its newest generative AI chatbot which is aimed at Korean-language users. 

Louis Vuitton has welcomed yet another talented face into its fold. On the 22nd of August, the renowned fashion brand revealed that Felix, a standout member of Stray Kids, is now proudly stepping into the role of their newest house ambassador. Nicolas Ghesquière, the artistic director of women’s collections at Louis Vuitton, expressed his excitement about this partnership. Ghesquière's introduction to Felix occurred during the unveiling of his Prefall collection in Seoul, a moment that sparked an instantaneous connection.

Global stock markets are higher as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation

Asian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation

Steel Authority of India (SAIL), Granules India Ltd, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd are the 11 stocks that are a part of the F&O ban list by the stock exchange for Monday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

alliance to bolster security. President Biden hosted South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida at Camp David, in the first visit by foreign leaders to the presidential retreat since 2015. The three committed to consulting on threats to each’s security, working together on ballistic-missile defense, conducting annual joint military exercises and holding yearly summits to maintain the momentum.

The United States Securities and Exchange Commission has been granted a motion to seek assistance from South Korea to question Terraform Labs co-founder Daniel Shin — as it builds its case against the firm and co-founder Do Kwon. 

Global stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes that interest rate hikes are finished