City Seoul Financial News

South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade guidelines. The Ministry of Trade, Industry and Energy in Seoul said Wednesday that it will provide 9.700 trillion won ($7.14 billion) in state financing to the local EV-battery industry this year to build up the country’s supply chain to continue to benefit from U.S.

Worldcoin ($WLD), the biometric crypto project helmed by OpenAI CEO Sam Altman, has shot up a blistering 37% in the last seven to trade at $6.17 as of this writing.

A top South Korean prosecution official says courts must deliver swifter justice to crypto offenders – with cases currently taking “too long” to process.

For one day, workers ruled the world’s biggest streets.

Mint. The firm has at least $1.5 billion invested in India across three strategies: primary funds, secondary transactions, and direct co-investments. “We expect a material increase in investments in India.

The South Korean tech giants Naver and Kakao are set to finalize their blockchain merger plans with a token launch in June.

Stocks paused their gains amid a flurry of corporate news and earnings with traders adopting a cautious stance before the Federal Reserve’s policy decision on Wednesday.

Local media reports that South Korea is taking decisive measures to combat the surge in cryptocurrency-related crimes and fraud cases by moving to establish its temporary virtual asset investigative unit as a permanent entity.

Brij Bhushan's plea for further probe in harassment case rejected, verdict on... The Ministry of Home Affairs (MHA) has accepted the recommendation of the Union Public Service Commission (UPSC) to dismiss Deputy Inspector General Khajan Singh. The CRPF headquarters accepted the probe report prepared by the internal committee and forwarded it to the UPSC and the MHA for taking appropriate disciplinary action. The UPSC and the MHA have hence issued orders for dismissal against the DIG.

₹41 lakh) to a romance scam after being deceived by a deepfake video featuring Tesla CEO Elon Musk, according to local media reports. According to a report by KBS, Jeong Ji-sun felt like "a dream come true" when she began chatting with someone on Instagram who claimed to be Musk. “I experienced something like a dream last year," she told the broadcaster.

Upbit, a Seoul-based exchange located in the upscale Gangnam district, has captured  the majority  of the Korean crypto market.

benchmark has climbed nearly 2 per cent amid firm global trends. The 30-share BSE Sensex climbed 114.49 points or 0.16 per cent to settle at 73,852.94 on Wednesday. During the day, it jumped 383.16 points or 0.51 per cent to 74,121.61. In the last four days, the BSE benchmark climbed 1,363.95 points or 1.88 per cent.

An escaped South Korean criminal suspect reportedly stole almost $362,000 worth of cash in an armed robbery on an OTC crypto buyer.

South Korean police have raided the offices of the sports-themed blockchain platform Winnerz as part of a probe into claims its WNZ token is a “scam coin.”

South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows.

Vitalik Buterin, the Ethereum co-founder, was spotted out and about in the South Korean tech hub city of Pangyo over the weekend – to the delight of the nation’s crypto community.

Kim Taehyung, aka BTS’ V, surprised soccer fans when he turned up at a soccer match on Sunday! The ‘Slow Dancing’ hitmaker attended Round 4 of the 2024 Hana Bank K League 1 soccer match. The match took place at the Chuncheon Songam Sports Town stadium. Dressed in the military uniform, the ‘Singularity’ singer was seen sporting a pair of stylish glasses and a mesmerising boxy smile. Photos of the star looking radiant quickly went viral on social media and many eagle-eyed fans noticed that the star was looking healthy and very content at the event. A fan club of the star shared details of the star’s surprising appearance at the event. “Kmedia reports, V watched the match between Gangwon and FC Seoul. V was caught on the electronic display before kickoff. His face was captured as BTS' hit song Dynamite was played. When V, with short hair, wearing a combat uniform, appeared, the stadium was filled with cheers. A large number of soldiers serving in the 2nd Corps, including V, visited the stadium..” read the post.

Asian shares have ended mostly higher in quiet, Good Friday holiday trading and European and U.S. markets were closed

record highs on Wall Street. The benchmark Nikkei 225 index added 0.48 percent, or 193.04 points, to 40,361.11 in early trade, while the broader Topix index rose 0.58 percent, or 16.03 points, to 2,766.84.

South Korea slammed Russia's «irresponsible» veto blocking the renewal of a panel of UN experts monitoring international sanctions on North Korea, with the vote following accusations Pyongyang is aiding Moscow in its war in Ukraine. South Korea «clearly points out that the Russian Federation, despite its status as a permanent member of the UN Security Council, has made an irresponsible decision», Seoul's foreign ministry said in a statement.

Several senior South Korean judges hold Bitcoin, Ethereum, and altcoins, new public disclosure data revealed on March 28.