South Korea Financial News

North Korea says it will allow its citizens staying abroad to return home in line with easing pandemic situations worldwide

Commerce Secretary Gina Raimondo is the latest member of President Joe Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world’s two largest economies

Fish auction prices at a port south of the Fukushima Daiichi nuclear power plant are mixed amid uncertainty about how consumers may respond a day after treated and diluted radioactive wastewater began to be released into the sea

Indian stock market is likely to open higher on Monday led by positive global cues amid gains in Asian and US peers. This week, investors will eye a host of stock market triggers including the much-awaited annual general meeting (AGM) of oil-to-telecom conglomerate Reliance Industries, macroeconomic data, global cues, and more. In the week gone by, Indian stock market consolidated in a range and settled lower for the fifth successive week, the longest streak since April 2022, amid weak global cues.

BBC. Authorities informed that the abusive calls had begun since the release of Fukushima water into the Pacific and the callers usually speak in Chinese, English, and Japanese language. The callers strongly oppose Japan's move to release treated radioactive nuclear water.

China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide. Caterpillar Inc.

Queensland coal export terminal Dalrymple Bay Infrastructure says chief executive Anthony Timbrell will step down as higher fees from handling coal exports helped lift interim net profit five-fold to $34 million.

China have resulted in India's steel exports falling by a third, but local producers will have a limited impact given robust sales in the domestic markets, experts said. Domestic demand will also help in keeping the price of the alloy stable in the country, they said. China’s steel exports, including to India, have seen a sharp jump in recent months. Its shipments to India, for instance, hit a multi-year high in the June quarter. Chinese mills are also reported to be undercutting other steel producers in terms of prices. This, in turn, has had an impact on exports by Indian steel companies, with countries in the Middle East and Vietnam buying more steel from China. India exported 780,000 tonnes of finished steel and billets a month on average between January and July, as against an average of 1.08 million tonnes a year earlier, data from market intelligence platform SteelMint show.

₹1.97 trillion production-linked incentive (PLI) scheme. On the face of it, the PLI scheme has nothing to do with tweaking tariffs. It is focused on incentivizing companies to increase domestic production across 14 sectors, rather than manufacture products outside India.

NEW DELHI : A new model of colonialism may arise if countries with large reserves of critical and rare earth minerals do not consider these resources as a global responsibility, Prime minister Narendra Modi on Sunday said, sounding what he called a “serious warning". Addressing the B20 Summit of business representatives from G20 countries, Modi said while critical and rare earth minerals are the need of the entire world, they are unevenly distributed globally—some countries have large quantities of these minerals while others do not have them at all.

Fukushima Daiichi nuclear plant's central control room in northeastern Japan, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted and released into the Pacific Ocean. In the coastal area of the plant, two seawater pumps are in action, gushing torrents of seawater through sky blue pipes into the big header where the treated water, which comes down through a much thinner black pipe from the hilltop tanks, gets diluted by hundreds of times before the release. The sound of the treated and diluted radioactive water flowing into an underground secondary pool was heard from beneath the ground during Sunday's first plant tour for media, including The Associated Press, since the controversial release began. «The best way to eliminate the contaminated water is to remove the melted fuel debris,» said Tokyo Electric Power Company Holdings spokesperson Kenichi Takahara, who escorted Sunday's media tour for the foreign press. But Takahara said the scarcity of information from inside the reactors makes planning and development of the necessary robotic technology and a facility for the melted fuel removal extremely difficult. «Removal of the melted fuel debris is not like we can just take it out and be finished,» he said. The projected decades-long release of treated water has been strongly opposed by fishing groups and criticized by neighboring countries.

New Delhi: The India Meteorological Department (IMD) on Sunday warned that heavy to extremely heavy rainfall will likely persist over Arunachal Pradesh, Assam, and Meghalaya until Monday. This has been attributed to the influence of a cyclonic circulation over west Assam at lower tropospheric levels, coupled with the western end of the monsoon trough aligning along the Himalayan foothills.

MANILA (Reuters) — China's «aggressive behaviour» in the South China Sea, including the use of water canon by its coast guard against a Philippine vessel, must be challenged and checked, the commander of the U.S. Navy's Seventh Fleet said on Sunday.

renewable energy, energy storage, telecommunications, defence and healthcare. In June this year, India became a member of the coveted critical minerals club - the Mineral Security Partnership. The announcement was part of a joint statement by prime minister Modi and president Joe Biden during the former's recent US visit.

Fukushima nuclear power plant, according to a report published by the news agency Reuters. Japan began dumping the water from the plant north of Tokyo into the sea on Thursday despite objections both at home and abroad from fishing communities and others worried about the environmental impact.

Chan Sung Jung to record his 20th victory on Saturday in Singapore Indoor Stadium. He knocked out the Korean Zombie at the 23-second mark of the third round.

Ripple (XRP) has continued to rise, with a strong buying trend keeping it around the $0.5235 level.

Alibaba has launched new artificial intelligence (AI) models that can understand images and perform more complex conversations. The two new models, called Qwen-VL and Qwen-VL-Chat, will be open source for researchers, academics and companies worldwide, reports CNBC. Alibaba said that Qwen-VL can respond to open-ended queries related to different images and generate picture captions. Qwen-VL-Chat caters to more «complex interaction,» according to Alibaba, including writing stories and creating images based on photos that a user inputs. Alibaba's AI models are built upon the company's large language model called Tongyi Qianwen. Meanwhile, South Korean company Naver has also launched its own large language model HyperClovaX along with generative AI-powered search tool Cue and a chat app called Clova X. HyperCLOVA X is a backbone model of Naver's AI technology based on supercomputing and data-analysing capabilities and operational experiences from its all-in-one online platform, ranging from Korea's largest search engine to cloud services, email, shopping and other internet products. CLOVA X is a large language model-based AI chatbot and CUE: is a generative AI search service, both of which are powered by HyperCLOVA X. Naver said CLOVA X, which will go on beta testing later this day, is a Korean version of ChatGPT led by Naver's deep understanding of Korean language and culture. It can give the most appropriate responses to various user demands based on its conversational, versatile AI able to create stories, summarise texts, and encode languages. CUE:, which will be launched next month, is a new interactive AI chatbot developed specifically for online search, reports Yonhap news agency.

Pro-XRP attorney John Deaton says that the United States Securities and Exchange Commission (SEC) erred in filing aiding and abetting allegations against Ripple’s CEO Brad Garlinghouse.

JSW Steel is looking to pick up a 20 to 40% stake in the metallurgical coal unit of Canada's Teck Resources, Bloomberg News reported on Friday, citing the Indian steel producer's chairman, Sajjan Jindal. India's biggest steel producer intends to bid for 20% to 40% of Elk Valley Resources Ltd., a unit of the Canadian company, Jindal said.

Following a successful presale, a prominent South Korean metaverse initiative, ZepetoX ZTX, has announced the launch of its highly anticipated ZTX Genesis Home Mint in partnership with OpenSea.