South Korea Financial News

A Chinese town has agreed to become a digital yuan “demonstration town” after striking a CBDC deal with a major, state-run bank.

Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug. 30, according to the latest exchange data compiled by Bloomberg.

Manufacturing activity in Asia’s major export powerhouses slumped further in August as weak demand persisted in the region’s key trade markets, particularly in China. Factories in North Asia experienced weaker new orders, output and export sales, according to manufacturing purchasing managers’ surveys published Friday by S&P Global and au Jibun Bank. The purchasing managers’ index for trade bellwether Taiwan was little changed at a subdued level of 44.3 last month from 44.1 in July, while South Korea’s gauge slumped to 48.9 from 49.4 during the same period. Seoul reported a similarly gloomy reading on industrial production on Thursday, showing a bigger-than-expected drop in July, marking its longest stretch of output decline yet. Japan’s PMI was unchanged at 49.6, below the 50 mark that separates expansion from contraction.Southeast Asia, which until recently was a bright spot, showed the weak sentiment was rubbing off on factories in the region.

Indian stock market is expected to open on a tepid note Friday on the back of mixed global cues. Asian markets traded mostly higher, while the US stock market ended mixed overnight amid the release of key economic data that raised hopes that the US Federal Reserve may not hike interest rates further. Investors await the US employment data due on Friday for clues on the Fed’s monetary policy outlook.

According to Bloomberg's sources, Leon Foong, who served as the head of Binance Asia-Pacific, is leaving his position at the world's largest cryptocurrency exchange.

Hyundai and LG Energy Solution are spending an additional $2 billion and hiring an extra 400 workers to make batteries at the automaker's sprawling U.S. electrical vehicle plant that's under construction in Georgia

Charlize Theron and Blackpink member Jisoo have struck an unlikely friendship, and fans can’t have enough of them! Recently, Jisso and Charlize were seen in a selfie, where the Fast X actor is seen giving a close hug to Jisoo from behind. This ‘hug selfie’ of two of the most popular females in the entertainment industry has gone viral. The candid selfie was shared by Jisoo on her Instagram stories, with a heart and an ‘I can’t believe it’ emoji.

South Korea, home to the industrialized world’s lowest birthrate, is having even fewer babies. The country’s downward demographic spiral has come even after years of aggressive government subsidies, low-cost loans and cash payouts meant to entice young people to get married and start families. South Korean President Yoon Suk Yeol wants to pay households even more to have a child.

From the 2003 Telgi story that shocked India to Denzel Washington as Robert McCall in 'The Equalizer 3', the month has many titles released on the OTT and theatres. There will be action, romance, fantasy, crime, thriller, comedy drama and many more. If you have access to multiple OTT platforms, it will be an exciting weekend.

Also read: Fukushima Water Row: Japan receives over 1,000 abusive calls from Chinese citizens The meal was a show of support for the Sanriku Joban region, which includes Fukushima, and an effort to highlight the safety and quality of seafood from the area. Kishida invited reporters to film the meal, "We eat in support of the Sanriku Joban region.

August 2023 crypto market crash despite its progress in web3 gaming. Similarly, Bitcoin Cash (BCH) fell after a major stablecoin delisted its Simple Ledger Protocol. Analysts say the best crypto investment in Q3 2023 is VC Spectra (SPCT).

South Korean prosecutors have asked a court to arrest an ex-pro golfer and a top executive at Bithumb, one of the country’s leading crypto exchanges.

reliance on China and Taiwan. In the aftermath of his inaugural Republican presidential primary debate, the 38-year-old Indian American Republican presidential contender put forward his policy vision and international outlook.

airport toward waters off its east coast. The missiles flew about 360 kilometers (225 miles). The North's army said the missiles were fired late Wednesday in a "tactical nuclear strike drill simulating scorched earth strikes at major command centers and operational airfields" across the border in South Korea.

Indian stock market is expected to open higher on Thursday amid positive global cues. Asian markets gained following overnight rally on Wall Street as weak US GDP data resurfaced expectations of a pause in interest rate hike by the US Federal Reserve. Meanwhile investors will watch for India’s April-June quarter GDP data set to be released later today.

The White House said it has new intelligence inputs which shows that Russian President Vladimir Putin and North Korean leader Kim Jong Un have traded letters as Russia is seeking weapons from North Korea amid the Ukraine war, AP reported on Wednesday. John Kirby, US National Security Council spokesperson, giving the latest findings said Russia is looking for additional artillery shells and other basic materiel to shore up its defense industrial base, just weeks after White House said Russian Defense Minister Sergei Shoigu during a recent visit to Pyongyang called on North Korean officials to increase the sale of munitions to Moscow for its Ukraine war.

Japan’s Prime Minister Fumio Kishida and three Cabinet ministers have eaten Fukushima fish sashimi at a lunch meeting in an apparent effort to show that fish is safe following the release of treated radioactive wastewater from the Fukushima Daiichi nuc...

HYBE, the makers of the current most popular boy band BTS, is looking for a new girl band. The company held worldwide auditions in association with the USA's Geffen Records to create a new global girl group. This is being done on a big scale for Netflix as a docuseries and also on YouTube. The two record companies recently announced the 2024 series and also a companion-piece online show that will begin on Thursday, August 30, as part of their The Debut: Dream Academy. The selection process for the girl group started in November 2021, when 120,000 applications of girl group potentials were screened. The worldwide hunt resulted in 20 candidates being selected. The females come from countries as diverse as Australia, Argentina, Brazil, Thailand, Sweden, Japan, Belarus, Switzerland, Slovakia, the Philippines, South Korea, and the USA. Now, in the docuseries, fans will be able to follow the selected contestants through the final stages of the auditions.

South Korea says North Korea has launched a ballistic missile toward the North's eastern waters. South Korea's Joint Chiefs of Staff says the launch occurred Wednesday but gave no further details, such as how far the missile flew. The launch came hours after the United States flew long-range B1-B bombers to the Korean Peninsula in a show of force against North Korea as part of its annual drills with South Korea. Earlier this week, North Korea's state media said leader Kim Jong Un called for the military to be constantly ready for combat to thwart plans by its rivals to invade.

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B-1B bombers for joint drills with South Korea and Japan on Wednesday, as the three allies have stepped up responses to threats from North Korea. A U.S. B-1B flew alongside South Korean FA-50 jets and U.S.