City Seoul Financial News

01.08 / 10:37

CBDC Central Bank place South Korea's CBDC Pilot to Take Place in Jeju, Busan, or Incheon, Excluding Seoul

The central Bank of Korea (BOK) has narrowed down the choices for its central bank digital currency (CBDC) pilot venue to three regions. Notably, the nation's capital Seoul is not among these.

31.07 / 18:01

Citi Aware Mobile CAT HANS country South Korean dog meat farmers push back against growing moves to outlaw their industry

Dog meat consumption, a centuries-old practice on the Korean Peninsula, isn't explicitly prohibited or legalized in South Korea

31.07 / 10:01

CBDC Adoption Central Bank NOT South Korea to pilot CBDC in one of these three cities, not Seoul

The Bank of Korea has narrowed down three regions for the piloting of its central bank digital currency (CBDC), which does not include the country’s capital Seoul, according to a report from a local South Korean media outlet.

31.07 / 05:53

UPS COMPOSITE Nikkei show Stock market today: Asia shares gain after Wall St rally as investors pin hopes on China stimulus

Shares are mostly higher in Asia after Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy

31.07 / 05:53

Citi Aware Mobile CAT HANS country South Korean dog meat farmers push back against growing moves to outlaw their industry

Dog meat consumption, a centuries-old practice on the Korean Peninsula, isn't explicitly prohibited or legalized in South Korea

30.07 / 06:59

UPS FLEX Samsung Motorola cover July Tech Recap: Major smartphones launched in India

In July 2023, the Indian smartphone market witnessed a flurry of new models, creating a highly exciting atmosphere for consumers. Renowned brands such as iQOO and Realme decided to concentrate on the mid-range segment, while Samsung and Motorola introduced groundbreaking foldable devices, intensifying the competition. A significant highlight was Nothing's much-awaited second phone release, which generated considerable buzz.

29.07 / 00:43

Legal Worldcoin WLD French Privacy Watchdog Raises Concerns Over Worldcoin's Data Collection; Collaborating with Germany for Investigation

European regulators, including the French National Commission on Informatics and Liberty (CNIL) and the Bavarian state authority in Germany, are raising legal concerns about Worldcoin's data collection methods.

28.07 / 19:57

regulation Upbit Bithumb Financial Intelligence Unit compliance Financial South Korea's Financial Intelligence Unit Presses Crypto Platforms to Improve Compliance Measures

The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities.

28.07 / 14:01

business regulation data ChatGPT Worldcoin French privacy watchdog questions Worldcoin's data collection method: Report

The French data protection agency, also called the Commission Nationale Informatique & Libertés (CNIL), is reportedly questioning the legality of data collection methods conducted by Worldcoin, according to a Reuters report.

27.07 / 17:13

COST UPS Fighting country Korean War Armistice: What happened between two Koreas 70 years ago?

South Korea and North Korea are now two countries — different from one another. The two function differently due to cultural and political differences that have not always existed. For better understanding, let's revisit history — the conflict took place on July 25, 1950, which resulted in the killing of masses, mostly innocents, however, the fight ended on July 27, 1953. But technically the South and North continue to remain at war with the signing of the Korean War Armistice that turned into the world’s longest ceasefire – over seven decades now.

27.07 / 11:31

COST Microsoft Google Fighting Samsung Slash Samsung aims to slash cost of foldables in fight With iPhone

Samsung Electronics Co. is considering adding an affordable option to its portfolio of foldable phones, in a move to hasten adoption of the novel form factor.

27.07 / 10:09

Provident Apple Samsung show stage electronic recovery Samsung extends output cuts in anticipation of AI-driven recovery: Report

artificial intelligence (AI) technologies following the post-Covid economic downturn. Samsung's recent financial report showed net income surpassing expectations. The company expressed confidence that AI-related applications would fuel memory demand growth by the end of the year.

26.07 / 15:23

UPS Provident BAY Samsung track electronic NOT Not just another smartwatch! The new Samsung Galaxy 6 watches can help monitor heart health, keep sleeplessness at bay

Never miss an appointment, date, or deadline. And keep an eye on your health. Sounds like a win-win situation!Galaxy Watch 6, the new generation of smartwatches launched by the consumer electronics titan Samsung at the Galaxy Unpacked Event in Seoul, promises to be more than just a cool-looking smartwatch!

26.07 / 14:35

Blockchain Adoption Digital Asset South Korea strengthens crypto regulation with LEI adoption and crime unit

South Korea has established an interagency investigation unit to combat cryptocurrency crimes, aiming to address the rise in illicit activities in the market and the need for investor protection, according to a July 26 report.

26.07 / 10:07

FIVE Fighting Fallout Southern Luna track country Crypto Crime South Korea Forms Joint Crypto Crime Investigation Unit to Fight Surging Crypto Illegal Activities

South Korean prosecutors and financial authorities have launched an interagency crypto crime division to crack down on crypto-related illegal activities.

26.07 / 05:21

CEO Compilation Tesla Hyundai Hyundai Motor's Q2 net profit jumps 15%, slightly misses expectations

SEOUL (Reuters) -South Korea's Hyundai Motor Co reported on Wednesday a 15% rise in second-quarter profit helped by solid sales of high-margin sport utility vehicles and increased output following an easing in global semiconductor shortages.

26.07 / 05:13

Mobile Apple LG Display posts 5th consecutive quarterly loss

SEOUL (Reuters) — South Korea's LG Display (NYSE:LPL) on Wednesday posted its fifth consecutive quarterly loss as poor demand for mobile display panels was compounded by continued weakness in premium TV demand in its key market Europe.

25.07 / 03:23

UPS Provident Waters Celebrity show country North Korea fires 2 short-range ballistic missiles after US submarine arrives in South Korea

North Korea fired two short-range ballistic missiles into its eastern sea, South Korea's military said on Tuesday, adding to a recent streak in weapons testing that is apparently in protest of the US sending major naval assets to South Korea in a show of force. In its third round of launches since last week, North Korea fired the missiles just before midnight from an area near its capital, Pyongyang, South Korea's Joint Chiefs of Staff said. It said both missiles travelled around 400 kilometers (248 miles) before landing in waters off the Korean Peninsula's eastern coast.

24.07 / 10:48

Blockchain CBDC Adoption regulation Korean banks to research the stablecoins alternative

Several private banks in South Korea are studying the potential of tokenized deposits technology, an alternative both to private stablecoins and central bank digital currencies (CBDCs).

22.07 / 10:39

Gap Samsung cover Samsung's Galaxy Unpacked: Galaxy Z Flip 5 teaser reveals redesigned hinge and other details

Galaxy Z Fold 5 and the Galaxy Z Flip 5. Building excitement, Samsung has shared a teaser video offering a sneak peek at the color choices available for its upcoming flagship clamshell foldable, along with showcasing the redesigned hinge. One striking feature observed in the teaser is the apparent absence of any gap between the folding halves when the Galaxy Z Flip 5 is closed.

22.07 / 02:37

Citi country South Korea warns North, says any nuclear attack will result in…

Yonhap News Agency reported on Friday. The warning came after Pyongyang had said the deployment of a US nuclear-capable submarine and other strategic assets here could meet the conditions for its use of nuclear arms.

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