City Seoul Financial News

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Pop star Dua Lipa, who is set to headline the second edition of the Zomato Feeding India Concert in November, says she is looking forward to returning to the country after she rang in the new year here. The Grammy winner, known for songs such as «Levitating», «Houdini», and «Dance The Night», shared a post on Instagram expressing her excitement for the upcoming show. «India, I'm coming back!!! My trip at the start of this year was a beautiful reminder of how much I love this place. »The warmth and energy I felt from everyone I met there was amazing, and I can't wait to see you again to perform in November!!!!" Lipa wrote on Saturday alongside a series of pictures from her previous India visit and the announcement poster of the concert.

North Korea vowed Saturday to advance its nuclear capabilities, reacting to a report that the United States had revised its own nuclear strategic plan. The country will «bolster up its strategic strength in every way to control and eliminate all sorts of security challenges that may result from Washington's revised plan», the official Korean Central News Agency (KCNA) reported. The New York Times reported this week that a US plan approved by President Joe Biden in March was to prepare for possible coordinated nuclear confrontations with Russia, China and North Korea.

SEOUL—Wanting to halt defections to neighboring South Korea, North Korea’s Kim Jong Un has ordered the construction of new border walls, rearmed guard posts and installed more land mines. But North Koreans keep finding creative ways to flee. The latest escape unfolded in spectacular fashion early Tuesday morning: A North Korean soldier, on foot, navigated the heavily fortified Demilitarized Zone to his freedom.

SEOUL—For most of 2020, Kim Yong-min and So Sung-uk enjoyed joint family coverage with the nation’s public health insurer. Then an abrupt call severed their government benefits. A mistake had been made, an insurance representative explained to Kim.

SEOUL—The uproar over a Mercedes-Benz electric vehicle that burst into flames in South Korea this month wasn’t only about fire safety. Outrage emerged over the lesser-known Chinese battery maker, Farasis Energy. Now South Korea has a fresh proposal to ease public anxiety: Advising carmakers to voluntarily divulge what brand of battery sits inside their EVs.

UN sanctions banning North Korea's imports of luxury goods, North Korean leader Kim Jong Un appeared to be using a new model of a Mercedes-Benz SUV, local media in neighbouring South Korea reported. Seoul-based Yonhap news agency on Tuesday published photos carried by the Korean Central News Agency, which showed a black Mercedes-Benz SUV on a special train that Kim used to visit flood-hit areas in the northwestern province of North Phyongan last week. Under UN resolutions, first enacted in 2006 after Pyongyang carried out underground nuclear tests, exports of luxury cars and other high-end items to North Korea are banned.

The South Korean CEO of a tech firm has been arrested for allegedly masterminding an Ethereum (ETH) -themed crypto-powered fraud scheme that sucked in around 500 victims.

China won the women's team event in table tennis at the Paris Games on Saturday for the country's 300th gold medal in Olympic history. China beat Japan 3-0 in the final for its fifth consecutive gold in the women's team event, a feat that the men had also achieved on Friday. «Each of us went all out today and played every position well,» No. 1-ranked Sun Yingsha said. South Korea took the bronze with a 3-0 win over Germany, its first medal in the team event since the Beijing Games in 2008.

tech capital of India, Bangalore has topped the list of 20 APAC cities with the largest flexible office stock at 15.5 million square feet, surpassing cities such as Shanghai, Seoul, and Tokyo. Following Bangalore, Delhi NCR ranks second with a total flexible office space stock of 10.7 million square feet as of June 2024, mentioned CBRE. Recent growth in the Asia Pacific flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible office operators.

Arshad Nadeem, who gave Pakistan its first Olympics medal after 32 years, is as spectacular as his 92.7 meter throw in the Javelin final. Nadeem's journey is celebrated not because of institutional support but despite the lack thereof. When he took up javelin, Nadeem reportedly did not have much money. According to his father, Muhammad Ashraf, people pooled money so that he can train. “People have no idea how Arshad got to this place today. How his fellow villagers and relatives used to donate money so that he could travel to other cities for his training and events in his early days,” his father Muhammad Ashraf revealed.

A South Korean court has ordered Dumamu, the operator of the crypto exchange Upbit, to compensate a customer for delaying a LUNC transfer just before the Terra ecosystem crash.

Seoul’s Gangnam District says it will probe almost 2,000 residents to check if they have crypto holdings as part of a crackdown on tax evasion.

South Korean prosecutors are set to try a crypto market maker they think masterminded a $59.6 million altcoin-themed “scam coin” fraud.

Olympic medal podium is no longer a given for U.S. swimmers. Nine days of thrilling competition at La Defense Arena wrapped up Sunday night with the Americans barely pulling out the lead in the gold medal standings thanks to a victory in the final race. The U.S. finished with just eight golds, its fewest since the 1988 Seoul Games and one ahead of its biggest rival, Australia.

Turbulence is knocking a beloved instant noodle offering off Korean Air’s economy menu

South Korean prosecutors have indicted an unnamed man they suspect of orchestrating a $1.3 million crypto mining-themed “scam.”

SEOUL—Inside the cavernous factories of Samsung Electronics, rows of white machines pump out memory chips around the clock, with help from just a few workers. Until this month, Kim Jae-won was one of them. Now he is on an indefinite strike with thousands of colleagues in South Korea.

The likely new head of the top South Korean financial regulator says he is “cautious” about letting corporations invest in crypto.

Mike Conley spent most of the 1980s ranked among the top triple jumpers in the world. So, heading into the US Olympic trials in ’88, there was very little thought given to the idea he wouldn’t finish in the top three and make the trip to Seoul. In a sport embedded inside an Olympic world where medals can be won and careers can be made by the most minuscule of fractions — of seconds or centimeters — what toppled Conley’s hopes had nothing to do with a measuring tape. It was a pair of baggy shorts, the likes of which he had never worn in a track meet before, that did him in. Conley recalls video replays that showed the breeze that was kicked up by the vented flaps on the sides of his shorts created a barely perceptible mark in the sand nearly a foot behind where he landed.