North Korea Financial News

North Korean leader Kim Jong Un gave field guidance at major weapons factories between Thursday and Saturday including production lines of engines for strategic cruise missiles and unmanned aerial vehicles, KCNA state news agency said on Sunday. Kim also inspected factories producing shells for super large-calibre multiple rocket launchers and transporter-erector-launchers, which are normally used to fire ballistic missiles, KCNA reported.

Beijing, officials said Saturday, bringing the death toll from recent torrential rains in northern China to at least 30. Officials reported the deaths in Baoding, about 150 kilometres (90 miles) from Beijing, adding that 18 people were missing. Storm Doksuri, a former super typhoon that hit mainland China last Friday, has brought the most severe rains to the region since records began 140 years ago. By noon Saturday (0400 GMT), more than 600,000 of Baoding's 11.5 million residents had been evacuated from areas deemed to be at risk, officials said. The torrential rain that hit northeast China on Saturday battered the provinces bordering Russia and North Korea.

Amazon Prime Video has announced the release of a new film Red, White & Royal Blue on 11 August. The American romantic comedy film directed by Matthew Lopez, is based on the 2019 novel of the same name by Casey McQuiston. The film stars Taylor Zakhar Perez and Nicholas Galitzine as the son of the President of the United States and a British prince, respectively, who fall in love.

Narendra Modi announced that Indian students pursuing their master's studies in that country will be granted a five-year post-study visa. This betters the two-year post-study work visa arrangement put in place after Modi visited France in 2022. According to India Report Card 2022 of Duolingo, the certification-based language-learning programme, French has the highest number of learners in India after English and Hindi.

Japanese Prime Minister Fumio Kishida says he has high hopes to discuss further strengthening of three-way strategic cooperation with the United States and South Korea at a summit hosted by President Joe Biden at Camp David later this month

Three members of the United States Senate have reportedly sent a letter to the White House and Treasury Department in an effort to crack down on North Korea using cryptocurrency to fund its nuclear program and evade sanctions.

Last month, a team of South Korean scientists claimed they engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman's terms, the team allegedly created a material allowing electrical currents to flow without resistance or energy loss. Previously, such types of materials were only thought to have functioned at absolute zero temperatures.

China, which sort of leads the pack, is one of the Biggest Brothers. (To know about North Korea, one has to take a peek in, which is tough.) After curbing citizens' access to several internet platforms that people in other countries take for granted, the nanny state HQed in Beijing is apparently proposing new measures to curb the amount of time kids can spend on their phones.

non-peer-reviewed papers. If the researchers are right, it would be one of the biggest discoveries in physics in the past few decades. A Nobel prize would be a mere formality.

World Scout Jamboree in Buan, South Korea has been marred by the scorching heat, with hundreds of participants suffering from heat exhaustion. On the first night of the event, about 400 cases were reported, and many were treated at a makeshift hospital at the campsite. The temperatures in North Jeolla province, where the jamboree is taking place, have soared to 35°C (95°F) amid a heatwave warning. Scouts from countries like the US, Bangladesh, and the UK have been affected, with the UK contingent being the largest with around 4,500 participants out of the total 43,000 in attendance. The UK Foreign Office stated that they are closely monitoring the situation and have consular officials on-site to support the attendees. They are in regular contact with Scouts UK and the relevant Korean authorities to ensure the safety of British nationals. A fire service official revealed that most of the scouts who required medical attention had mild symptoms like headaches, dizziness, and nausea, and they have mostly returned to their campsites.

By Brendan O'Boyle

By David Shepardson

Hyundai and Kia are telling the owners of nearly 92,000 vehicles in the U.S. to park them outside because an electronic controller in an oil pump can overheat and cause fires

"[Jisoo and Ahn] are in a stage where they are getting to know each other slowly with good feelings. We would appreciate if you could watch the couple with a warm gaze," YG Entertainment stated in their announcement, urging fans to respect their privacy while they embark on this new journey together. The confirmation came after a Korean media outlet reported on the blossoming romance between Jisoo and Ahn, marking a significant milestone for the Blackpink members. It is the first time that YG Entertainment has officially acknowledged and confirmed a dating rumor about any member of the internationally renowned girl group.

₹900 crore in incentives have been withheld by the Centre, “citing invoicing discrepancies", as Mint reported. A word commonly used to describe Indian trade and economic policy is ‘insularity’.

Samsung expects the India market to be critical for the recovery in demand and business in the second half of the year, after a sharp decline in operating profits in the June quarter dragged by tepid sales across the world, the Korean handset major's global head of mobile business said. «The India market is the fastest growing.

shipping companies are plowing their pandemic windfalls into orders for new vessels on an unprecedented scale, making an industry known for hair-raising cycles of boom and bust more vulnerable in the latest downturn. Container carriers like MSC Mediterranean Shipping Co., A.P. Moller-Maersk A/S, CMA CGM SA and Hapag-Lloyd AG — all backed by European billionaires — are spending record profits gleaned during the health crisis to splash out on new models mostly from Korean and Chinese shipyards. This has pushed the global order pipeline to a historic level — almost $90 billion by one estimate. But the tide has turned in the notoriously cyclical sector as freight rates flirt with below-breakeven levels and fears about overcapacity re-emerge. “Too many large container ships have been ordered,” said Erik I. Lassen, chief executive officer of Danish Ship Finance A/S, a company providing vessel financing. He noted that deliveries are now starting at a time when supply chains are running more smoothly and demand for freight transport is back to pre-pandemic levels. “There will be shipowners — tonnage providers — out there that will have stretched themselves,” he said in an interview. “Although the last couple of years have been profitable for shipping, the accumulated earnings are far from enough to fund the investment in new technology and ships in the coming decade.”

Dog meat consumption, a centuries-old practice on the Korean Peninsula, isn't explicitly prohibited or legalized in South Korea

Edited excerpts: How are South Korean firms looking at the Indian semiconductor ecosystem? The semiconductor industry here is bound to see progress. And, when it comes to actually building facilities and factories for semiconductors, safety is the biggest issue. From the point of setting up factories to the point of operations, there’s a strategic process.

Typhoon Doksuri swept the country bringing torrential rains and flash floods across the country. Last week Typhoon Doksuri made heavy landfall in the southeastern coastal province of Fujian where authorities evacuated millions of people. Similarly, more than thirty thousand residents were evacuated from the capital Beijing. However, there is little relief as Typhoon Khanun is approaching coastal areas of eastern China, according to reports.

Song of the Bandits," an upcoming South Korean Netflix Original drama series, has recently concluded filming, and fans are eagerly waiting for its release on Netflix sometime in 2023. Penned by screenwriter Han Jung Hoon (known for «Bad Guys») and directed by Hwang Joon Hyuk («Black Dog»), the series promises an action-packed adventure.