City Seoul Financial News

South Korean scientists are developing a novel rice variety infused with protein cells, aiming to provide a more ethical source of protein. Named "meaty rice," this innovative type of rice has a slight buttery aroma, resembles regular rice but with a pink hue. The scientists have confirmed that no animals were harmed in the process, as the rice is embedded with beef muscle and fat cell culture.

Food authorities in Denmark have recalled three types of spicy instant noodle products imported from South Korea over possible risks for “acute poisoning.”

A South Korean court has jailed two people for crypto-powered drug trafficking, as the nation’s judiciary continues to crack down on Bitcoin and altcoin-fuelled crime.

World shares have started June mostly higher, though gains in some markets were whittled back later in the day

North Korea sent some 600 balloons carrying trash into South Korea overnight, Seoul said on Sunday, in Pyongyang's latest move to rile its rival neighbour.

SEOUL—China’s panda diplomacy isn’t looking so cuddly all of a sudden. Beijing is accused of mistreating Fu Bao, a recently returned female panda from South Korea. The 4-year-old panda has a following in South Korea akin to a pop star, with merchandise, online fan groups and even birthday billboards.

Shares have opened higher in Europe after a retreat in Asia

North Korea fired a salvo of short-range ballistic missiles early Thursday, Seoul's military said, hours after Pyongyang sent hundreds of trash-filled balloons across the border to punish South Korea. The launch follows a failed attempt by the nuclear-armed North to put a second spy satellite into orbit on Monday, shortly after Seoul, Beijing and Tokyo held a rare summit and called for Pyongyang to give up their nukes. Kim Jong Un's powerful sister on Thursday referred to the balloon barrage, which reportedly contained animal faeces, as «sincere presents» for the South in a statement, saying they were justified retaliation for anti-Kim propaganda sent northwards by activists.

Shares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday

Shares have advanced in Europe and Asia ahead of Monday's Memorial Day holiday in the United States

North Korean ballistic missile, reported Reuters.'Stay indoors or find shelter', the Japanese government said over its J-Alert broadcasting system, the report said.Meanwhile, North Korea has said that its attempt to put another spy satellite into orbit has failed, adding that a rocket carrying the spy satellite exploded in mid-air on Monday.Earlier, the South Korean Joint Chiefs of Staff said that the launch vehicle may have failed in flight, adding it had detected "many fragments" in the ocean from the rocket in the sea. The report further said South Korean and US intelligence agencies are investigating whether the launch had failed.“Around two minutes after it detected "what's suspected to be the North's military reconnaissance satellite...

Leaders of China and Japan arrived in Seoul to meet separately with South Korea's president on Sunday, a day before they gather for their first trilateral meeting in more than four years. No major announcement is expected from Monday's trilateral South Korea-China-Japan meeting. But just resuming their highest-level, three-way talks is a good sign and suggests the three Asian neighbors are intent on improving their relations.

Top Events on May 26: India is all set to witness various political, international, technological, and sports events on Sunday. Congress leaders Mallikarjun Kharge and Rahul Gandhi will address poll rallies in Odisha. South Korea, China, and Japan will hold their first trilateral summit today.

South Korea on Friday imposed sanctions on seven North Korean individuals and two Russian vessels over weapons trade and other activities between Pyongyang and Moscow deemed in breach of U.N. Security Council resolutions, Seoul's foreign ministry said. The Russian vessels had been carrying a large quantity of containers between Russia and North Korea transporting military supplies in a clear violation of the United Nations Security Council resolutions, the ministry said in a statement. The United States and South Korea have accused North Korea of transferring weapons to Russia for use in its war in Ukraine. Both Moscow and Pyongyang have denied the accusations, but vowed last year to deepen military relations.

settlement window next week is expected to upend trading for Asian money managers, pushing some to secure funds in the early hours of their mornings when currency markets are at their thinnest and most jumpy. From May 28, investors from Singapore, Tokyo or Seoul who buy U.S. shares during the Wall Street day will have just 24 hours to validate their trades and convert their funds into dollars to complete the deals, down from two days previously.

Bring out your designer sunglasses, because this show is about Korea’s super rich. About men who flash their black cards to buy an apartment that costs 991,442,000.00 rupees (16 Billion Won). About a woman who will do anything to get that front row seat at the Paris Fashion Week. About limited edition designer bags, watches, clothes that’s hollower than a show called Dubai Bling which showed up on Netflix a while ago.

SEOUL: North Korean leader Kim Jong Un ordered accelerated production to strengthen the country's nuclear force more rapidly, on the same day he oversaw a test of tactical ballistic missiles with new guidance technology, state media KCNA said on Saturday. While visiting an arms factory on Friday, Kim made the production order to bolster nuclear war deterrence, KCNA said. This way, the enemy would be afraid of North Korea's nuclear combat posture, Kim added. North Korea fired a number of short-range ballistic missiles towards the sea off its east coast on Friday, South Korea's military had said. Kim expressed satisfaction at the successful test, KCNA said.

Worldcoin ($WLD), the blockchain project helmed by OpenAI’s Sam Altman, has fallen nearly 20% in the last two weeks and 6.4% overnight despite other leading cryptocurrencies posting green candles.

The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000.

South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a «war» in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.

An illegal XRP exchange operator has been sentenced to jail for eight years in South Korea after duping investors out of almost $3.4 million.