North Korea Financial News

Indian rupee ended at a record closing low on Thursday, despite the central bank's likely intervention, as elevated U.S. treasury yields and weakness in other Asian currencies weighed on the local unit. The rupee ended at 83.21 against the U.S.

South Korean power companies say they are preparing to sue Australian laboratory giant ALS over claims of fake-coal testing, and are also considering action against miners.

Roman Storm, the co-founder of controversial cryptocurrency mixer Tornado Cash arrested in August, has reportedly pleaded not guilty to all charges related to money laundering and violations of United States sanctions.

Tornado Cash, a cryptocurrency platform under US sanctions, pleaded not guilty on Wednesday to federal charges he helped facilitate more than $1 billion in money laundering, including for a cybercrime group linked to North Korea's government. Roman Storm, a naturalized US citizen, entered his plea before US District Judge Katherine Polk Failla in Manhattan.

The Federal Bureau of Investigation (FBI) has recently alerted cryptocurrency firms about blockchain activities linked to the theft of a significant amount of cryptocurrency. Within the past day, the FBI has monitored cryptocurrency pilfered by actors affiliated with the Democratic People's Republic of Korea (DPRK), commonly known as North Korea. These actors, known as the TraderTraitor group, are also recognized as the Lazarus Group and APT38. The agency suspects that North Korea might try to liquidate the bitcoin, which is valued at over $40 million.

A number of charges, including breaches of sanctions and involvement in money laundering, have been brought against the individuals who created the cryptocurrency mixer known as Tornado Cash.

A group of high-net-worth Russian and CIS investors have filed a class action lawsuit against Atomic Wallet, a prominent cryptocurrency platform, following a security breach in June that resulted in losses of approximately $100 million.

A U.S. official said Monday that North Korean leader Kim Jong Un may travel to Russia soon to meet with President Vladimir Putin as the Kremlin tries to acquire military equipment for use in its war in Ukraine.

Artificial intelligence tools such as OpenAI’s ChatGPT will create more problems, bugs and attack vectors if used to write smart contracts and build cryptocurrency projects, says an executive from blockchain security firm CertiK.

private investment as a result of intimidation by the ruling party; and a commitment to state capitalism that hampers total factor productivity growth. Chinese domestic consumption has weakened, owing to uncertainty and the lack of a broad social safety net. With deflation setting in, China now must worry about Japanification: a long period of lost growth.

Korean earthquake survival thriller series ‘Bargain’ and has released its trailer. It narrates the survival stories of characters who are trapped in a collapsed building. But the most interesting part of the story is that the building is used by those people who are running an organ trafficking racket and everything happens in this building.

SEOUL—For more than four years, Kim Jong Un has stayed inside his country’s borders, focused on a deadly virus, a stifled economy and a corrupt elite. Now, the North Korean leader, U.S. officials said, could be planning his first foreign trip to Russia for a meeting with Vladimir Putin.

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PTI, adding, "the textual content, along with its audio is presented in 16 global languages, including English, French Mandarin, Italian, Korean and Japanese." PTI further noted that the history of the democratic ethos of India will be "summed up and retold through 26 interactive screens" arranged in multiple kiosks. Also Read:G20 Summit: What's closed, what's open in Delhi; all you need to know "Upon their arrival in the exhibition area, heads of state, delegates and other guests, will be greeted by an AI-generated 'avatar' which will provide them a concise overview of the exhibition," the source said.

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The government of South Korea is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets that are used to fund its capital Pyongyang's illicit weapons program. 

Honda Cars has officially entered the compact SUV segment with the launch of the Elevate SUV. The all new Honda Elevate comes at a starting price of ₹10,99,900 (ex-showroom). Whereas, the top end variant will be available for ₹16 lakh (ex-showroom).

North Korea conducted a simulated tactical nuclear attack drill that included two long-range cruise missiles in an exercise to «warn enemies» the country would be prepared in case of nuclear war, the KCNA state news agency said on Sunday. KCNA said the drill was successfully carried out on Saturday and two cruise missiles carrying mock nuclear warheads were fired towards the West Sea of the Korean peninsula and flew 1,500 km (930 miles) at a preset altitude of 150 meters. Pyongyang also said it would bolster its military deterrence against the United States and South Korea. South Korea's military said the claim of success could be an exaggeration as «not all of them succeeded,» Seoul's Yonhap News reported, citing a senior official at the Joint Chiefs of Staff. KCNA also reportd that North Korean leader Kim Jong Un visited Pukjung Machine Complex, which produces marine engines, and a munitions factory to stress the importance of strengthening Pyongyang's naval forces. «He affirmed that a future plenary meeting of the Central Committee of the WPK (Worker's Party of Korea) would set forth an important modernization of the complex and the development direction of the shipbuilding industry,» a KCNA statement said. It did not specify the date of his visit. The latest missile test came just after the joint annual exercises between South Korea and the United States, known as Ulchi Freedom Shield, came to a close on Thursday. It featured air drills with B-1B bombers. North Korea has been stepping up its military deterrence against Washington and Seoul and has criticized last month's summit agreement between the two on improving military cooperations. KCNA said on Aug.

Bill Richardson, a seasoned Democratic politician and renowned diplomat, has passed away at the age of 75. With a career that spanned the halls of power in the United States and the global stage, Richardson left an indelible mark on diplomacy and international relations. Here's a closer look at his remarkable journey.

Also Read: North Korea fires missiles after failed satellite launch: State Media "He affirmed that a future plenary meeting of the Central Committee of the WPK (Worker's Party of Korea) would set forth an important modernization of the complex and the development direction of the shipbuilding industry," the KCNA statement said. The statement did not specify the date of his visit.

North Korea fired several cruise missiles towards the Yellow Sea in the early hours of Saturday, according to the South Korean military. Details of the launch were being analyzed by South Korean and U.S. intelligence authorities, South Korea's Joint Chiefs of Staff said in a statement. It was the latest in a series of missile tests and military exercises conducted by the North in recent weeks including a failed spy satellite launch late last month. Seoul announced sanctions on Friday on five North Korean individuals and one company in response to Pyongyang's launch of what it said was a space rocket last month. On Thursday state media KCNA reported that Pyongyang had conducted a simulated «scorched-earth» nuclear strike on targets across South Korea, drawing criticism from Seoul.