South Korea Financial News

South Korea, which was preparing a pop concert for 40,000 Scouts whose global Jamboree was disrupted by the weather. Much of Khanun's damage was concentrated in the country's southern and eastern regions, where several cities and towns saw 30 to 40 centimeters (12 to 16 inches) of rain. Dozens of houses and buildings were damaged, roads were closed and at least one death was reported.

equity market is expected to open on a weaker note on Friday following mixed cues from global peers. The Asian markets were trading mixed, while the US stock indices ended largely flat overnight after the inflation for July came in lower than expected, raising hopes of an end to the aggressive policy tightening by central bank. On Thursday, the domestic market got spooked by the hawkish commentary from the Reserve Bank of India (RBI), with both the benchmarks Sensex and Nifty ending nearly half a percent lower each.

Supreme Leader of North Korea leader Kim Jong Un has replaced a high-ranking military official and ordered intensified military training and weapon production, according to reports from the country's state media KCNA. The move comes amidst escalating tensions and as South Korea and the United States prepare for joint military drills.

Mexico is “leading the way” in Latin America’s Travel Rule adoption drive, a study has found – with Argentina “lagging behind.”

Gran Turismo movie is set to debut on Netflix in the US and other countries, following its theatrical release at the end of August. The film, based on the video game with the same title, revolves around the story of a GT Academy participant, who transitions from virtual to real-world racing.

HONG KONG—China lifted restrictions on group tours to the U.S., Australia, South Korea and Japan on Thursday, a move that is set to boost global tourism after three years of pandemic restrictions. China’s Ministry of Culture and Tourism added almost 80 new destinations to a list of countries approved for group travel on Thursday, with immediate effect. The countries were the third batch of places that group tours led by travel operators can now visit, including some in East Asia that are among the most popular destinations for Chinese holiday makers.

Global stocks climbed while Treasuries traded flat as investors awaited US inflation data for cues on the Federal Reserve’s next steps. European gas prices advanced on concern about potential industrial action in Australia. 

China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.

North Korean leader Kim Jong Un has dismissed his top general and called for stepping up war preparations «in an offensive way», including boosting weapons production and conducting more drills, state media reported Thursday. With a cigarette in hand, Kim was shown talking to a room full of uniformed top generals, and pointing at maps, images in state media showed, while he discussed «major military actions» against South Korea at a meeting of the Central Military Commission. The Korean Central News Agency said the agenda of the meeting, which comes just days after Kim inspected key arms factories, was «the issue of making full war preparations» and ensuring «perfect military readiness for a war». The meeting comes as Seoul and Washington prepare for major joint drills later this month, which the North views as rehearsals for invasion and has repeatedly warned could trigger «overwhelming» action in response. At the meeting, Kim dismissed chief of the general staff Pak Su Il, replacing him with Vice Marshal Ri Yong Gil, KCNA said without giving further details.

inflation data in the US due later today. Concerns over deflation in China dented sentiment. Data showed China’s consumer prices dropped 0.3% in July from a year ago, while producer prices fell 4.4%.

Krafton Inc said it will make investments of $150 million into Indian startups over the next two to three years. Over the last three years, the firm has invested about $140 million in 11 Indian gaming and content-driven ventures including Nazara Technologies’ unit Nodwin Gaming, Pratilipi, KukuFM and Loco.

Procurement through the GeM portal have enabled the government to save over Rs 45,000 crore since its launch in 2016, the commerce ministry said on Wednesday. Government e-Marketplace (GeM) is India's online marketplace for public procurement.

Nvidia, one of the world’s leading developers of semiconductor chips, revealed its latest chip on Aug. 7, designed to power high-level artificial intelligence (AI) systems.

The CEO of the crypto exchange Bitsonic, who was under investigation for stealing investments and deposits, was arrested by South Korean police. The Vice President of Bitsonic would also be put on trial, but without preliminary detention. 

domestic manufacturing is rightly placed. For nearly three decades from 1962 to 1988, car buyers in South Korea were forced to buy locally manufactured cars because the Korean government had imposed a ban on all imported automobiles till 1988 and the import of Japanese automobiles till 1998. Economist Ha-Joon Chang, in his book, Edible Economics, has talked about how until the early 1990, the Korean government made sure that Hyundai and other firms got access to high subsidised credits.

Zombieverse," a new Korean reality TV sensation that has ignited discussions across social media platforms. Designed by the creative minds of Park Jin-kyun and Moon Sang-don, this unorthodox show presents a dynamic group of contestants deliberately brought together to navigate through spine-tingling twists and exhilarating highs, all set against the backdrop of a zombie-infested realm. Initial reactions on Twitter to «Zombieverse» are a mix of anticipation and skepticism, with a myriad of opinions contributing to a mosaic of perspectives.

Former Fortescue Metals executive Russell Scrimshaw says his rare earths company will get into production several years sooner because of Wednesday’s decision to partner with China’s biggest rare earths importer.

Investing.com — Most Asian currencies rose slightly on Wednesday, recovering a measure of recent losses as worsening risk appetite favored the dollar, while the Chinese yuan rose in volatile trade after weak inflation data.

Galaxy S23 series. Initially available in the United States, South Korea, and Germany, the One UI 6 beta gives a preliminary glimpse of Android 14's features to Samsung's smartphone lineup. The announcement was made by Samsung's German newsroom, with a broader unveiling in the US and Korea expected imminently.

hockey team has been clubbed alongside arch-rivals Pakistan and will play the big-ticket match on September 30 in the Asian Games, while the women's side has South Korea and Malaysia among others in its pool. Placed in Group A, besides Pakistan, the Indian men have Asian Games champion Japan, Bangladesh, Singapore and Uzbekistan against whom they will begin their campaign on September 24, while the women' side, who are also in Pool A, will be up against Hong Kong and Singapore besides South Korea and Malaysia.

Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today - 9 August Japan’s Nikkei 225 fell 0.24%, while the Topix declined 0.3%. South Korea’s Kospi rallied 0.88%, while the Kosdaq gained 1%. In Australia, S&P/ASX 200 was trading flat.