South Korea Financial News

02.08 / 01:59

NASDAQ Manufacturing NIFTY Fitch Nikkei KOSPI Indian Gift Nifty, global markets to US credit rating downgrade - key triggers for Indian stock market today

Read here: Fitch cuts US credit rating to AA after debt limit standoffs Meanwhile, a report from the Institute for Supply Management said that in July manufacturing contracted at a slightly worse pace than economists expected, but not as badly as it did in June. A separate report from S&P Global also said US manufacturing is continuing to decline. In Japan, the Nikkei 225 declined 1.48%, while the Topix fell 1.11%.

02.08 / 01:31

UPS Provident Racing Pool ANZ country Lost NOT All is not lost: ANZ says Australia can still win hydrogen race

Australia’s ambitions to develop a green hydrogen industry have suffered only a temporary setback from the US Inflation Reduction Act, and enjoy positive prospects at the hands of state and federal policies, funding support, and demand from key Asian trading partners.

02.08 / 01:23

UPS Southern International International Battery Company plans $1b India Li-ion unit

International Battery Company has committed to investing $1 billion in India's southern Karnataka state to build a factory that will produce lithium-ion cells, the provincial government said Tuesday. The privately owned company, which is making some initial batches of its prismatic or rectangular cells in South Korea, will acquire 100 acres of land close to the technology hub of Bangalore to build its plant.

01.08 / 19:05

UPS Provident Aware Manufacturing Mobile awards Hyundai Existing ACC battery units may be able to apply for PLI

NEW DELHI : The government is considering a proposal to allow existing advanced chemistry cell (ACC) battery storage projects to apply for unutilized capacity under the production-linked incentive (PLI) scheme for the sector, two people aware of the matter said. At a 24 July meeting, some industry executives proposed allowing brownfield projects to apply for the capacity not allotted to greenfield projects, according to the people cited above. Currently, only greenfield projects are eligible for the scheme.

01.08 / 10:37

CBDC Central Bank place South Korea's CBDC Pilot to Take Place in Jeju, Busan, or Incheon, Excluding Seoul

The central Bank of Korea (BOK) has narrowed down the choices for its central bank digital currency (CBDC) pilot venue to three regions. Notably, the nation's capital Seoul is not among these.

01.08 / 01:53

Citi CEO country beautiful social Indians spent over Rs 5,000 cr on cosmetics in last six months, sector may gain as more women go to work: Study

cosmetics, including lipstick, nail polish and eyeliner, were sold in the past six months in the top 10 Indian cities. Customers spent more than ₹5,000 crore on these beauty products, with 40% of them buying online, according to Kantar Worldpanel's first study on the category in India.

01.08 / 01:35

DOW NIFTY Nikkei KOSPI Oil prices Indian Gift Nifty, Asian markets to rising crude oil prices - key triggers for Indian stock market today

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 1st August Japan’s Nikkei 225 gained 0.15%, while the Topix was flat. South Korea’s Kospi rose 0.66% and the Kosdaq added 0.48%. Hong Kong’s Hang Seng index futures traded around 270 points higher at 20,348, hinting a stronger open.

31.07 / 18:01

Citi Aware Mobile CAT HANS country South Korean dog meat farmers push back against growing moves to outlaw their industry

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

31.07 / 17:33

UPS Progressive Discover Samsung country ‘There can be no bumpy roads to transport semiconductors’

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.

31.07 / 15:39

Binance Crime Sport Kraken open NOT Today in Crypto: Crypto Firms in Hong Kong Can Open 'Simple' Bank Accounts Only, Elderly Couple in US Held Hostage for $156,000 in Crypto, Binance Can Operate in Dubai But Not in Nigeria

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

31.07 / 15:19

Adventure HANS film Actor star song Song of the Bandits K-Drama sets September 2023 release on Netflix: All you need to know

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.

31.07 / 10:41

UPS Citi MET Gap Simulation IBM country The high-tech race to improve weather forecasting

weather forecast would drastically reduce the prescience and preparedness of more than 35 countries, NATO, at least one space agency and a great many research institutions and businesses. The operation must run constantly, says Mr Dell’Acqua, who is in charge of the whole affair. “It’s really critical." Built inside a former tobacco factory, the Bologna data centre is a nerve centre of ECMWF’s operations.

31.07 / 10:01

CBDC Adoption Central Bank NOT South Korea to pilot CBDC in one of these three cities, not Seoul

The Bank of Korea has narrowed down three regions for the piloting of its central bank digital currency (CBDC), which does not include the country’s capital Seoul, according to a report from a local South Korean media outlet.

31.07 / 06:19

UPS Target Manufacturing show performer country Asia FX slips amid BOJ bond buying, weak China PMIs

Investing.com — Most Asian currencies fell on Monday, with the Japanese yen coming under pressure from an unscheduled bond buying operation by the Bank of Japan, while the Chinese yuan was hit by weak business activity data.

31.07 / 05:53

Citi Aware Mobile CAT HANS country South Korean dog meat farmers push back against growing moves to outlaw their industry

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

31.07 / 01:57

COST Manufacturing NIFTY show Indian US stocks Gift Nifty, rally in Asian markets and US stocks to Japan’s policy tweak - key triggers for Indian stock market today

inflation data from across the region this week. US markets ending higher on Friday also improved sentiment. China is set to release its July purchasing managers index on Monday, while the US ISM surveys on manufacturing and services, the July payrolls report and European inflation due this week will also be eyed.

30.07 / 18:57

UPS Ball Celebrity stage country Inside Late Vanegas goal seals Colombia's 2-1 upset win over Germany at the Women's World Cup

The defender headed in to settle a thrilling game and put her country on the brink of advancing to the knockout stage. Alexandra Popp had scored an 89th-minute penalty and seemed to have earned Germany a 1-1 draw after 18-year-old Linda Caicedo had struck a stunning opener for Colombia. But Vanegas came up with a late twist to huge celebrations among Colombia fans who dominated the Sydney Football Stadium crowd.

29.07 / 08:13

MET Cooper Celebrity country Cooperation boost North Korea's Kim Jong Un vows to boost cooperation with China to 'new high'

Kim Jong Un met the Chinese delegation which visited Pyongyang to celebrate the 70th anniversary of the end of the Korean War and vowed to develop the two countries' relations to a «new high», the North's state media said on Saturday. Kim hosted a reception for the Chinese officials led by Communist Party Politburo member Li Hongzhong on Friday, the North's KCNA news agency said. The Chinese delegation was the first to visit the reclusive state since the COVID-19 pandemic.

29.07 / 03:43

Facebook Twitter CEO Platform Tencent Instagram elon Elon Musk's quixotic quest to turn X into an 'everything app'

The idea was akin to that of an "everything app" espoused recently by Elon Musk, the owner of Twitter. But the dream belonged to Mark Zuckerberg, the founder and CEO of Meta, which owns Facebook, Instagram and WhatsApp. In a 2019 blog post, Zuckerberg outlined how he would turn WhatsApp into an app that could be a platform for many «kinds of private services.» In Silicon Valley, the pursuit of an everything app has come up time and again as tech leaders have strained to expand their digital empires.

28.07 / 19:57

regulation Upbit Bithumb Financial Intelligence Unit compliance Financial South Korea's Financial Intelligence Unit Presses Crypto Platforms to Improve Compliance Measures

The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities.

28.07 / 17:23

UPS MET FIVE Manufacturing country Changes in labour, physical capital and productivity norms can help India hit 8% growth

To assess India's growth potential, we undertook a growth-accounting exercise. Created by Nobel-winning economist Robert Solow in 1957, it breaks down GDP growth into contributions from its basic drivers — labour (workforce adjusted for their skills), physical capital (machines and infrastructure) and productivity. A business-as-usual approach, in which these drivers evolve in line with recent trends, may not make for an exciting future.

breaking news about South Korea

What is the current situation in South Korea?

In South Korea, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about South Korea?

We publish reliable reports about the situation in South Korea, based on information from regional journalists.

What shapes the media agenda in South Korea?

The news landscape of South Korea is shaped by the region’s internal dynamics, reflecting its unique context.