City Seoul Financial News

22.07 / 01:47

Citi country end Any nuclear attack will result in the end of the North Korean regime, warns South Korea

South Korea has warned North Korea that any nuclear attack from the latter's side would mean an «end» of the Kim Jong Un-led regime, Yonhap News Agency reported on Friday. Seoul's warning has come 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.

20.07 / 07:23

Citi Provident Digital beautiful electronic Cross-border 200+ Hong Kong Stores Accept Digital Yuan – China’s CBDC Goes Cross-border

Over 200 Hong Kong stores now accept digital yuan payments, banks have claimed, as China looks to take its CBDC into the cross-border space.

19.07 / 04:35

‘Just want him to come home’ Mother of US Army soldier Travis King who illegally crossed North Korea

King had served around two months in a South Korean jail on assault charges was believed to be in North Korean custody on Wednesday after crossing the heavily fortified border without authorisation, officials told AFP. King, 23, was a cavalry scout with the 1st Armored Division who had served nearly two months in a South Korean prison for assault. He was released on July 10 and was being sent home Monday to Fort Bliss, Texas, where he could have faced additional military discipline and discharge from the service.

19.07 / 04:35

Citi FIVE Man Williams Platform These 4 bars in India are rated among top-50 best bars in Asia

A post shared by Sidecar (@sidecarindia) Hong Kong's Coa has bagged the top spot for a third consecutive year. Whereas Jigger & Pony in Singapore ranked second on Asia’s 50 Best Bars list. It’s the first time since 2019 that the ceremony has been held with all borders in the region re-opened after the Covid-19 pandemic.

19.07 / 02:05

Action US soldier detained in North Korea after crossing the border: Report

airport, he was left alone to fly to Fort Bliss, Texas, to receive the separation notice. North Korea fired two short-range ballistic missiles into the East Sea a day after the inaugural session of the US-South Korea security dialogue, according to Seoul's military as reported by Yonhap news agency. The Joint Chiefs of Staff (JCS) of South Korea stated that the missiles were launched from the Sunan area in Pyongyang and traveled around 550 kilometers before landing in the sea. The JCS strongly denounced these launches as "acts of significant provocation" that not only threaten peace on the Korean Peninsula but also the international community.

19.07 / 02:01

UPS Cooper Stealth North Korea fires two ballistic missiles into sea

North Korea has fired two short-range ballistic missiles into the sea, Yonhap news agency reported Wednesday, hours after an American nuclear-armed submarine made its first South Korean port call in decades. The launch was reported by South Korea's Joint Chiefs of Staff (JCS), according to Yonhap, who said they were fired early Wednesday from the Sunan area in Pyongyang, and flew some 550 kilometres (340 miles) before splashing into the East Sea, also known as the Sea of Japan. The JCS condemned the launches as «acts of significant provocation» and a clear violation of UN Security Council resolutions.

18.07 / 03:31

Provident Target Extreme Action Mobile Southern US and China discuss climate crisis as world reels from heatwaves, wildfires, floods

Also read: Global weather alert: Heatwave engulfs US, Europe, Japan while floods wreak havoc in India and South Korea The prolonged extreme heat poses challenges to communities, with the international charitable organisation Salvation Army has been providing relief to individuals through cooling centres and mobile outreach for homeless. Scientists warn that climate change, caused by CO2 emissions from burning fossil fuels, intensifies heatwaves and urges governments to take drastic actions to prevent a climate catastrophe. Also read: US heatwave: Record high temperature in California, Florida, Las Vegas.

14.07 / 03:07

Aware MICA Upbit Publishes Complete Korean Translation of EU’s MiCA Laws – Crypto Regulation Incoming?

Upbit, South Korea’s biggest crypto exchange, has published a full, translated text of the EU’s MiCA crypto regulation laws, a suggestion that Europe’s new rules could be impacting other nations.

13.07 / 12:21

Cooper Cooperation Presidents of South Korea and Poland hold talks on security, war in Ukraine and business cooperation

The South Korean president is in Poland for two days of talks and meetings on global security, the war in neighboring Ukraine, and developing bilateral business and defense ties

13.07 / 02:53

UPS Cooper Action SPY North Korea says conducted new test of solid-fuel ICBM

Kim Jong Un personally oversaw the successful test of the country's newest intercontinental ballistic missile, state media reported Thursday, days after Pyongyang threatened to down any US spy planes that enter its airspace. A beaming Kim, wearing a white suit and flanked by his wife and key aides, was shown in state media images applauding enthusiastically after the launch of the solid-fuel Hwasong-18 on Wednesday. The ICBM, which North Korea has fired only once before, in April, flew 1,001 kilometres at a maximum altitude of 6,648 km before splashing into the East Sea, also known as the Sea of Japan, the official Korean Central News Agency reported.

12.07 / 10:29

COST UPS Apple Qualcomm Samsung Nothing Phone 2, OnePlus Nord 3, Oppo Reno 10 series and more: Top smartphones launched in India in July 2023

The Indian smartphone market is one of the most competitive in the world with several great phones set to launch this year. Samsung, one of the leading names in the industry, has confirmed launch of its two new foldable phones- Galaxy Z Flip 5 and Z Fold 5 at Unpacked event in Seoul. Apple in September is expected to launch new iPhone 15 series.

11.07 / 09:37

Target DOW COMPOSITE Nikkei KOSPI rate hikes Stock market today: Asian shares rise ahead of a US inflation update on hopes for easing rate hikes

Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes

10.07 / 22:49

Legal Terra Luna Terra Terra Classic Terraform Labs Co-founder Faces Legal Proceedings: Trial Preparations Underway

Legal proceedings have been initiated against Shin Hyun-Seong, also known as Daniel Shin, concerning charges concerning alleged illicit profits from the sale of Terra (LUNA) tokens.

10.07 / 18:59

UPS Citi FIVE Cooper Support South Korea asks banks to keep aside $4 bn to support credit union

South Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday. An official at the Financial Services Commission said it could not confirm the amount or other details, but it had asked the banks for cooperation in preparing liquidity through repurchase-agreement facilities to aid MG Community Credit Cooperatives (MGCCC).

10.07 / 15:55

Law regulation Court Terraform Labs Terra Legal proceedings start for Terraform Labs co-founder in South Korea: Report

Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA).

10.07 / 10:55

AXY SUN NIFTY TCS SENSEX Sensex ends volatile trade 64 points higher; Nifty above 19,350

Reliance Industries. The 30-share BSE benchmark Sensex rose 64 points or 0.10% to settle at 65,344. The broader NSE Nifty surged 24 points or 0.12% to end at 19,356.

06.07 / 06:25

AXY SENSEX Nestle valuation Market valuation of BSE-listed firms hit lifetime peak of Rs 301.10 lakh cr

BSE Sensex jumped 185.37 points or 0.28 per cent to 65,631.41 in morning deals. Tracking rally in equities, the market capitalisation (mcap) of BSE-listed firms reached an all-time peak of Rs 3,01,10,526.12 crore. The BSE benchmark had jumped over 2,500 points in its record rally from June 26 to July 4.

06.07 / 05:33

UPS Discover Qualcomm Samsung Samsung Galaxy Unpacked event announced for July 26: Galaxy Z Fold 5, Flip 5 and other expected launches

Samsung is sending out media invites for the event where it says: “A new cultural driver is coming. Come along on our journey to discover an all-new Galaxy as we showcase our latest technologies designed to open possibilities and transform lives. It’s going to make you want to Join the flip side." Samsung Galaxy Unpacked event will begin at 4:30 pm IST.

04.07 / 16:15

FIVE AXY SUN SENSEX valuation Investors become richer by Rs 7.90 lakh cr in 5 days; BSE-listed firms' valuation hits new peak of Rs 298.57 lakh cr

BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments. Rallying for the fifth straight session, the 30-share BSE Sensex jumped 274 points or 0.42 per cent to settle at its all-time closing high of 65,479.05 on Tuesday. During the day, the benchmark surged 467.92 points or 0.71 per cent to hit its lifetime intra-day peak of 65,672.97.

04.07 / 11:49

UPS COMPOSITE Tesla DAX Stock market today: Global stocks higher after Wall St hits 15-month high ahead of holiday

Global stock markets are mostly higher after Australia's central bank kept its key lending rate unchanged and Wall Street hit a 15-month high

03.07 / 00:43

COST FIVE Manufacturing South Korea factory activity suffers longest downturn in at least 19 years

SEOUL (Reuters) — South Korea's factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount solid recovery.

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