North Korea Financial News

The US Treasury, on Wednesday, released it first risk-assessment report, exploring the vulnerabilities associated with non-fungible tokens (NFTs). The report stressed that these asset classes are “highly susceptible to use in fraud and scams,” most of which are traditional schemes.

North Korea took responsibility for sending hundreds of balloons filled with feces and trash over its border with South Korea.South Korea’s Joint Chiefs of Staff said about 260 North Korean balloons have been found all over the country as of Wednesday afternoon. Chemical and explosive response teams have been sent out to recover the balloons and debris.Photos released by the military show some still-intact white balloons with trash bags attached to them while others show scattered pieces of plastic and paper on city streets.

North Korea on Thursday fired a barrage of suspected ballistic missiles toward its eastern sea, according to South Korea's military, days after its attempt to launch a military reconnaissance satellite ended in failure but still drew strong condemnation from its rivals. South Korea's Joint Chiefs of Staff said it detected the North firing around 10 projectiles that appeared to be short-range ballistic missiles from an area near its capital, Pyongyang. It said the suspected missiles flew around 350 kilometers (217 miles) before landing in waters off the North's eastern coast. It said the South Korean military has increased surveillance and vigilance and is closely sharing information with the United States and Japan. Japan's coast guard issued a maritime safety advisory over the North Korean launches and urged ships to exercise caution if they find any fallen objects. Japan's Prime Minister Fumio Kishida told reporters that the suspected missiles were believed to have landed in waters outside of Japan's exclusive economic zone and there were no immediate reports of damages. He said Tokyo «strongly condemns» the launches, which are in violation of U.N. Security Council resolutions against the North.

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.

Malaysian Airlines plane, a new claim has been made by the most unexpected people. Some amateur investigators claim to have cracked the decade-long mystery of the disappearance of flight MH370. They have claimed that the plane has been spotted in Google Maps in the dense forest of Cambodia, reports 'Daily Star'. Malaysian Airlines flight MH370 was on its regular flight from Kuala Lumpur to the Chinese capital Beijing in March 2014, when it suddenly lost call contacts and simply disappeared from the radar. It vanished just 40 minutes after taking off from the Malaysian capital. Its debris too has not been found despite repeated attempts by various agencies in the past ten years. Flight MH 370 has become one of the biggest mysteries of aviation history.

North Korea flew hundreds of trash-carrying balloons toward South Korea in one of its most bizarre provocations against its rival in years, prompting the South's military to mobilise chemical and explosive response teams to recover objects and debris in different parts of the country. The ballooning campaign came as North Korean leader Kim Jong Un urged his military scientists to overcome a failed satellite launch and continue developing space-based reconnaissance capabilities, which he described as crucial for countering U.S. and South Korean military activities, state media said Wednesday. In his first public comments about the launch failure, Kim also warned of unspecified «stern» action against South Korea over an exercise involving 20 fighter jets near the inter-Korean border hours before North Korea's failed launch on Monday. In a speech Tuesday, Kim called the South Korean response «hysterical insanity» and «a very dangerous provocation that cannot be ignored,» the North's official Korean Central News Agency said Wednesday.

Target has revamped its grocery aisles since the COVID-19 pandemic with items ranging from Korean foods and mocktails to barbecue-flavored trail mix as the discount retailer caters to shoppers who want to experiment while sticking to a budget

Financial authorities in South Korea are prohibiting universities from opening corporate accounts for coin transactions. This is resulting in their inability to convert cryptocurrency donations provided by certain crypto businesses into cash.

Binance, the largest shareholder of the South Korean cryptocurrency exchange Gopax, sold the asset claims of Gopax victims at less than half their face value on May 27.

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...

The US Securities and Exchange Commission’s approval of spot Ethereum ETFs last week has ignited pressure on South Korea’s financial regulators to greenlight similar crypto exchange-traded funds.

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.

genocide. Over 100 days in 1994 masses of the majority Hutu population slaughtered hundreds of thousands of their countrymen, mostly from the minority Tutsi group. In these annual speeches Mr Kagame offers glimpses of why he is Africa’s most polarising leader.

movies from India clocked over 1 billion views on Netflix in 2023, the streaming service said on Friday in its second engagement report. The report, titled «What We Watched: A Netflix Engagement Report», presented the streaming service's viewership data for the period of July to December 2023. Subscribers across the world watched about 90 billion hours of content on Netflix in the second half of 2023. From India, Sujoy Ghosh's «Jaane Jaan» was the most watched movie on Netflix with 20.2 million views, followed by Shah Rukh Khan's «Jawan» with 16.2 million views and Vishal Bhardwaj's "Khufiya" with 12.1 million views.

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.

Democratic People’s Republic of Korea, the citizens of this ‘hermit kingdom’ are in for a real shock. The state has introduced two new draconian laws which affect the citizen’s rights. The two new laws aim to curb South Korean influence in the north and another law is aimed at banning divorce.

In a major development in the crypto space, blockchain investigator ZachXBT identified seven wallet addresses on May 21 containing 891.13 Bitcoin, worth approximately $61 million, linked to the infamous North Korean hacking group Lazarus.

Indian rupee inched up to its highest level in nearly a month in early trading on Tuesday but traders expect equity-related outflows and importer dollar demand to hurdle further gains in the local unit. The rupee was at 83.3250 against the U.S. dollar as of 10:00 a.m. IST, compared with its close at 83.3350 on Friday. Indian financial markets were shut on Monday.

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.

The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons pr...

Japan and the United States on Wednesday signed an arrangement to jointly develop a new type of missile defense system as the allies seek to defend against the growing threat of hypersonic weapons, which are possessed by China and Russia and being tested by North Korea. The project was initially agreed between Japan's Prime Minister Fumio Kishida and U.S. President Joe Biden at their summit last August and reaffirmed between the leaders during Kishida's April visit to Washington. The Glide Sphere Interceptor is planned for deployment by the mid-2030s. Wednesday's agreement determines the allocation of responsibility and decision-making process, a first major step in the project, Japanese defense ministry officials said. They hope to decide on Japanese contractors and start the development process by March 2025.