North Korea Financial News

India's cooling appetite for hatchbacks and sedans is proving to be a double-edged sword for Hyundai Motor India Ltd, as the country's second-largest passenger vehicles maker draws closer to an initial public offering (IPO). After two years of blazing growth, passenger vehicle wholesales in July fell 2.5% from a year earlier, and manufacturers have been offering discounts since May to clear stocks. While falling demand has reduced pressure on Hyundai's stretched production capacity, it has also depressed its expected valuation to $16-20 billion from $25-30 billion earlier, two people aware of the IPO discussions said.

insights from iFixit, a major concern is the device's design, which could make repairs nearly impossible if the battery depletes or if there is a damage to any internal parts.According to the report, the problem lies in the Galaxy Ring's internal structure. The teardown analysis reveals that accessing the ring's internal components requires opening it from the inside, which could render the device non-functional.

Netflix will release "Squid Game: Unleashed" video game. This will be a multiplayer game and will be available for iOS and Android users. The multiplier mobile game from the OTT streaming giant is based on the highly successful Korean show «Squid Game». The game was unveiled by Netflix at Gamescom, as per a WhatsOnNetflix report. «You win some, you die some. Use skill and quick reflexes to survive twisted competitions in this multiplayer action game inspired by the hit series. Squid Game: Unleashed is coming soon to the Netflix App,» the caption for «Squid Game: Unleashed» reads.

China is seriously concerned about a report that said the United Stated approved a nuclear strategic plan to focus on China's rapid expansion in its nuclear arsenal, the Chinese foreign ministry said on Wednesday. «The U.S. is peddling the China nuclear threat narrative, finding excuses to seek strategic advantage,» a Chinese foreign ministry spokesperson said. According to a report by the New York Times, U.S. President Joe Biden approved in March a highly classified nuclear strategic plan that focused on China's quickly growing arsenal, but also seeks to prepare the U.S for possible coordinated nuclear challenges from China, Russia 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.

Solomon Baek in the critically acclaimed series, takes a moment to reflect on his connection with his character. Based on Min Jin Lee's novel, Pachinko is a multigenerational saga that spans over six decades, chronicling the lives of the Baek family from their emigration from Korea to Japan in the 1930s to the family's struggles and triumphs in the 1980s. As Solomon embarks on a new chapter in his life, Jin Ha revisits his earlier thoughts on how deeply intertwined his own experiences are with those of his character, as per a report by Movieweb.

Netflix, Hulu and Apple TV Plus are releasing new shows this week for OTT streaming platforms subscribers. The list of shows include documentary, novel-based series. A new documentary series on Netflix follows the origin story of the new global girl group KATSEYE. Cameras followed wannabe singers for one year as they trained the K-pop way, with rigorous classes in dance and vocals, to secure a spot in the group. “Pop Star Academy: KATSEYE” premieres Wednesday. “Reasonable Doubt” debuts its second season on Thursday on Hulu. The series has an all-Black writers room and has been praised for reflecting a true Black experience. Emayatzy Corinealdi plays Jax Stewart, a defense attorney who often colors outside the lines when it comes to legal ethics. Morris Chestnut joins the show for season two. Recording artist Kandi Burruss of the R&B group Xscape and a former cast member of “The Real Housewives of Atlanta,” will also have a recurring role.

South Korean prosecutors have indicted a civil servant for allegedly stealing public funds to buy crypto.

TOKYO—Eight decades ago, when Japan’s kamikaze pilots were crashing their planes into American ships and its soldiers were dying from the Aleutian Islands to Guadalcanal, all were given the same promise: Upon death, their souls would be enshrined at Tokyo’s Yasukuni Shrine. The shrine was the symbol of the religious-military state that sought to mobilize the population to fight in the name of a divine emperor.

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.

Matthew Knoot from Nashville, Tennessee has been indicted under federal charges for allegedly aiding North Korea’s (DPRK) ballistic weapons programs in a massive IT jobs fraud scheme, a new U.S. Department of Justice press release reveals.

Hulu is out with a new original Korean drama called “The Tyrant.” Rogue government scientists create a deadly virus to put South Korea on the same power level as the U.S. and other countries with nuclear arms. The four-part series premieres Wednesday. MTV’s long-running competition show “The Challenge” began as a spinoff of the “Real World” and “Road Rules,” and is still charging full steam ahead with season 40. Debuting Wednesday, “The Challenge 40: Battle of the Eras,” has 40 contestants from the show’s history, including mainstays Johnny Bananas and Chris “CT” Tamburello. Episodes air on MTV and will also stream on Paramount+. Guess what? Emily is still in Paris! Part 1 of the Lily Collins- led romance, workplace comedy’s fourth season drops Thursday on Netflix. And rumor has it in the new season of “Emily in Paris,” the star also visits Rome.

K-pop videos to cooking chimichangas with celebrity chefs, movie stars like Ryan Reynolds are trying ever-more unorthodox stunts to reach fragmented Gen-Z audiences, according to Disney's marketing chief. The giant Hollywood studio is enjoying a blockbuster summer, with irreverent superhero movie "Deadpool & Wolverine" becoming its latest film set to pass $1 billion at the global box office this weekend. Speaking at Disney's D23 fan convention Saturday, chief brand officer Asad Ayaz attributed a large part of that breakaway success to stars Reynolds and Hugh Jackman pushing the boundaries of traditional marketing.

South Korean officials say providing Samsung smartphones to North Korean athletes at the Paris Olympics would violate U.N. Security Council sanctions against the country over its nuclear ambitions

South Korea could rupture its U.S. alliance and shock financial markets if it started building nuclear weapons, Defence Minister Shin Won-sik told Reuters, dismissing renewed domestic calls for the country's own arsenal to deter North Korea. As the neighbouring North rapidly expands nuclear and missile capabilities, more South Korean officials and members of President Yoon Suk Yeol's conservative ruling party have called in recent months for developing nuclear weapons. The prospect of another term for former U.S. President Donald Trump, who complained about the cost of the U.S. military presence in South Korea and launched unprecedented talks with the North, has further fuelled the debate.

A recent report from the Federal Reserve Bank of New York, released on Wednesday, revealed that Ethereum block builders have largely adhered to the sanctions imposed on the crypto mixer Tornado Cash.

LPL has broadened its footprint in the Northeastern US yet again as it welcomes an advisor team from Cetera in Connecticut.

Netflix confirms the return of Squid Game for a third season, with a release date set for mid-2025. This announcement follows the filming of both seasons 2 and 3 back to back.

Putin has offered humanitarian aid to North Korea, which has been hit by heavy rainfalls and floods, Pyongyang's state media KCNA said on Sunday. Relations between the two countries have grown closer, and Putin made the offer in a message to North Korean leader Kim Jong Un delivered on Saturday via the Russian embassy in Pyongyang. The Russian leader's message expressed sympathy and support. Putin displayed «his willingness to provide immediate humanitarian support for the recovery from the flood damage,» KCNA said.

Deepika Kumari crumbed under pressure once again, suffering a 4-6 loss to Korea's Suhyeon Nam in the women's individual event quarterfinals to bring down curtains on India's campaign at the Paris Olympics here on Saturday. Deepika had qualified for the quarterfinals after defeating Germany's Michelle Kroppen 6-4 earlier in the day. Deepika had defeated the 19-year-old Nam in straight sets in the semifinal at the Shanghai World Cup in April en route winning a silver medal, but on Saturday the Indian stalwart could not repeat that performance. The two archers were tied 4-4 after four sets but Nam was rewarded for her consistency as she claimed the fifth set to enter the semifinals.