City Seoul Financial News

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

BSE Sensex ended at 65,539.42 up 137.50 points or up 0.2 per cent while the Nifty also closed at 19,465 level, up 30.45 points or 0.16 per cent. Metal and financial stocks saw the most declines following a spike in domestic retail prices that prompted caution, and further worries about China's economic recovery weighed on the market sentiment. Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "The initial apprehension stemming from an above-expected surge in domestic CPI inflation, driven by higher food prices, induced volatility in the Indian market.

Reuters. Notably, this was Pyongyang's first public acknowledgment of Travis King's crossing from South Korea on July 18. He dashed into the North while on a civilian tour of the Joint Security Area (JSA), the heavily fortified border between the two Koreas.

South Korean police are stepping up their crackdown on crypto-powered drug trafficking, and have made 312 arrests in a wide-sweeping narcotics bust.

Iran reached a tentative agreement this week that will eventually see five detained Americans in Iran and an unknown number of Iranians imprisoned in the U.S. released from custody after billions of dollars in frozen Iranian assets are transferred from banks in South Korea to Qatar. The complex deal — which came together after months of indirect negotiations between U.S.

South Korean prosecutors say they hope to jail executives thought to be behind a $651 million crypto scam to prison for up to 15 years.

Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy

South Korea, which was preparing a pop concert for 40,000 Scouts whose global Jamboree was disrupted by the weather. Much of Khanun's damage was concentrated in the country's southern and eastern regions, where several cities and towns saw 30 to 40 centimeters (12 to 16 inches) of rain. Dozens of houses and buildings were damaged, roads were closed and at least one death was reported.

North Korean leader Kim Jong Un has dismissed his top general and called for stepping up war preparations «in an offensive way», including boosting weapons production and conducting more drills, state media reported Thursday. With a cigarette in hand, Kim was shown talking to a room full of uniformed top generals, and pointing at maps, images in state media showed, while he discussed «major military actions» against South Korea at a meeting of the Central Military Commission. The Korean Central News Agency said the agenda of the meeting, which comes just days after Kim inspected key arms factories, was «the issue of making full war preparations» and ensuring «perfect military readiness for a war». The meeting comes as Seoul and Washington prepare for major joint drills later this month, which the North views as rehearsals for invasion and has repeatedly warned could trigger «overwhelming» action in response. At the meeting, Kim dismissed chief of the general staff Pak Su Il, replacing him with Vice Marshal Ri Yong Gil, KCNA said without giving further details.

The home of Georgia Tech football has been renamed Bobby Dodd Stadium at Hyundai Field following a naming rights agreement between the school and the automaker

The CEO of the crypto exchange Bitsonic, who was under investigation for stealing investments and deposits, was arrested by South Korean police. The Vice President of Bitsonic would also be put on trial, but without preliminary detention. 

Zombieverse," a new Korean reality TV sensation that has ignited discussions across social media platforms. Designed by the creative minds of Park Jin-kyun and Moon Sang-don, this unorthodox show presents a dynamic group of contestants deliberately brought together to navigate through spine-tingling twists and exhilarating highs, all set against the backdrop of a zombie-infested realm. Initial reactions on Twitter to «Zombieverse» are a mix of anticipation and skepticism, with a myriad of opinions contributing to a mosaic of perspectives.

The XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise.

SEOUL (Reuters) — South Korea's jobless rate climbed in July for a second month and hit the highest since January, official data showed on Wednesday.

Asian stocks are mixed after Wall Street rallied and Japanese wages rose ahead of a U.S. inflation update that might influence Federal Reserve plans for possible interest rate hikes

Mazda Motor Corp will suspend production at its two domestic plants on Wednesday and Thursday, the carmaker said on Monday as reported by Reuters. Moreover, Shinkansen, or high-speed train, service may also be suspended between the Hakata and Osaka stations from Wednesday night until Thursday morning, the West Japan Railway Co said.

Netflix's lineup for the week of August 7th to August 13th, 2023, features an exciting mix of 18 new movies, series, and games. While it might be a bit quieter compared to the first week of August, there are still some highly anticipated titles to look forward to. Here's a glimpse of what's coming:

Japanese Prime Minister Fumio Kishida says he has high hopes to discuss further strengthening of three-way strategic cooperation with the United States and South Korea at a summit hosted by President Joe Biden at Camp David later this month

A string of random stabbings in South Korea has inspired online threats of copycat attacks and unnerved the country of 52 million, pushing officials to consider adding new criminal punishments such as life imprisonment without parole. Lawmakers and local media have referred to the knife-wielding incidents as “Don’t Ask Why" crimes, given the lack of clear motives behind the violence and indiscriminate victim targeting. South Korea, where strict firearm laws block nearly all civilians from gun ownership, had recently reported a decade-low level of crime, with its murder rate dropping to 1.3 homicides per 100,000 people, according to the latest government data.

South Korea on Thursday when a man rammed a car onto a sidewalk and then stepped out of the vehicle and began stabbing people near a subway station in the city of Seongnam. Yoon Sung-hyun, an official from the southern Gyeonggi provincial police department, said at least nine people were stabbed and four others were injured by the vehicle.

The globe-trotting billionaire Joe Lewis , longtime owner of the London soccer club Tottenham Hotspur, spent the evening of July 25, 2019, with a woman who was then his girlfriend, dining on room service at the Four Seasons hotel in Seoul. U.S. prosecutors say he also fed her confidential information about coming disclosures by a life-sciences company that she used to make stock trades that ultimately netted her hundreds of thousands of dollars.