South Korea Financial News

28.07 / 14:01

business regulation data ChatGPT Worldcoin French privacy watchdog questions Worldcoin's data collection method: Report

The French data protection agency, also called the Commission Nationale Informatique & Libertés (CNIL), is reportedly questioning the legality of data collection methods conducted by Worldcoin, according to a Reuters report.

28.07 / 11:04

Provident Digital CEO Platform BitStamp Bitcoin dutch Crypto.com Receives Registration Approval From The Dutch Central Bank – Here’s the Latest

Cryptocurrency platform Crypto.com acquired a registration approval with De Nederlandsche Bank (DNB), the Dutch central bank, as a crypto services provider.

28.07 / 07:19

Facebook Provident Digital Citizens CEO Platform chatbot South Korea fines OpenAI's chatbot ChatGPT of 3.6 million won, Facebook's Meta Platform of 7.4 billion won; here's why

OpenAI, the operator of the generative chatbot ChatGPT, has been fined 3.6 million won ( ₹2.32 lakh) by South Korea's Personal Information Protection Commission (PIPC) for exposing personal information of 687 South Korean citizens on 27 July. The exposure occurred due to a bug in an open-source library on ChatGPT, which caused the inadvertent visibility of payment information, including names, email addresses, the last four digits of credit card numbers, and credit card expiration dates of ChatGPT Plus subscribers.

28.07 / 02:55

UPS Waves Fighting Mobile stage North Korean leader Kim shares center stage with Russian, Chinese delegates at military parade

United States. State media said Friday Kim attended Thursday evening’s parade with Russian Defense Minister Sergei Shoigu and Chinese ruling party official Li Hongzhong from a balcony looking over the city’s main square.

28.07 / 01:49

DOW NIFTY MSCI Nikkei Indian Gift Nifty, Asian markets, US GDP growth to ECB rate hike - key triggers for Indian stock market today

Read here: US GDP growth accelerates to 2.4% in Q2 despite Fed rate hikes Meanwhile, the European Central Bank (ECB) raised interest rates by 25 basis points to 3.75%, its highest level since 2001. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4%. The Nikkei 225 declined 1.35% and the Topix fell 1%.

27.07 / 20:57

Manufacturing Gap country ASEAN Deal India-ASEAN trade deal ill conceived: Goyal

trade deal signed under the UPA era is one of the most ill-conceived deals, commerce minister Piyush Goyal said on Thursday at an industry event. In FY23 alone, the trade gap ballooned by 70% to reach $43 billion. India mostly imports capital goods, raw materials and intermediates from Asean, the tariff concessions under the free trade agreements (FTAs) have also been advantageous to many sectors and adversely impacted domestic companies, especially chemicals and metals manufacturers.

27.07 / 18:41

Manufacturing Strategy Mobile Remark Samsung country electronic Korean trade body upset as PLIs stuck

NEW DELHI : India has unfairly withheld from South Korean companies the incentives they were promised under the government’s production-linked incentive (PLI) schemes, the New Delhi chief of a top Korean trade body said. Arbitrary policy changes are a key concern for Korean companies investing in India, Lee Young-Ho, chief trade representative at the New Delhi office of the Korea International Trade Association (KITA), said in an interview. This is the first time that a Korean trade body has remarked on the challenges related to the PLI scheme.

27.07 / 17:13

COST UPS Fighting country Korean War Armistice: What happened between two Koreas 70 years ago?

South Korea and North Korea are now two countries — different from one another. The two function differently due to cultural and political differences that have not always existed. For better understanding, let's revisit history — the conflict took place on July 25, 1950, which resulted in the killing of masses, mostly innocents, however, the fight ended on July 27, 1953. But technically the South and North continue to remain at war with the signing of the Korean War Armistice that turned into the world’s longest ceasefire – over seven decades now.

27.07 / 10:09

Provident Apple Samsung show stage electronic recovery Samsung extends output cuts in anticipation of AI-driven recovery: Report

artificial intelligence (AI) technologies following the post-Covid economic downturn. Samsung's recent financial report showed net income surpassing expectations. The company expressed confidence that AI-related applications would fuel memory demand growth by the end of the year.

27.07 / 07:59

Qualcomm Samsung open ‘We OPEN when others FOLD’: OnePlus teases name of its upcoming foldable phone in a tweet

OnePlus foldable phone. According to it, the device could be called OnePlus Open. ‘We OPEN when others FOLD,’ OnePlus said in a tweet.

27.07 / 06:11

Manufacturing Samsung KOSPI performer electronic surges Asian stocks Asian stocks rise, tech surges as Fed offers no surprises

Investing.com — Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

27.07 / 06:11

UPS Lowe's Gap show performer Fed rate hike Asia FX rises as dollar sinks after Fed rate hike

Investing.com — Most Asian currencies rose on Thursday, benefiting from weakness in the dollar after the Federal Reserve hiked interest rates as expected, but also downplayed expectations for a U.S. recession this year.

27.07 / 05:03

Digital Mobile Parke Samsung electronic Samsung to extend production cuts after $7 billion chip loss in H1

By Joyce Lee and Ju-min Park

27.07 / 04:27

Provident Booking Apple Samsung cover electronic Samsung unveils foldable smartphones in a bet on devices with bending screens

Samsung Electronics has unveiled two new foldable smartphones in a bet on devices with bending screens

27.07 / 01:41

UPS Target NIFTY Nikkei KOSPI Fed rate hike Indian Gift Nifty, Asian markets to US Fed rate hike - key triggers for Indian stock market today

US Federal Reserve raised interest rates to their highest level in over 22 years while keeping the doors open for another rate hike. The US Fed hiked interest rates by 25 bps to a target range of 5.25-5.5%, on the expected lines, bringing US benchmark funds rate to the highest level since 2001 to tackle sticky, high inflation. The Fed chair Jerome Powell also hinted at a possibility of further increases, going ahead.

26.07 / 23:01

COST Coca-Cola CEO ICE country Unseasonal rains unfavorably impact Coca-Cola’s India business

New Delhi: Unseasonal rains in the June quarter unfavorably impacted The Coca-Cola Company’s business in India but the beverage major kept its growth outlook for the market “intact". “India business was unfavorably impacted by unseasonable rain and cooler temperatures in the quarter. However, the growth outlook remains intact," James Quincey, Chairman and CEO of The Coca-Cola Company said during the company’s post earnings call on Wednesday.

26.07 / 17:37

UPS Lowe's country social moody’s Fewer working Asians will hit growth worldwide: Moody’s

NEW DELHI : Six major Asian economies, China, Hong Kong, Japan, South Korea, Singapore and Taiwan, which comprise one-fifth of the world’s population, will experience rapid decline in their working-age populations that is expected to drop about 10 percentage points by 2050 to 59% of their total populations on average, leading to major impact on global economic growth, Moody’s Investors Services said in a report on Wednesday. The drag on growth and public finances for these economies will be significant, barring gains in productivity, workforce participation or quality of available labour, said the report titled “Aging in key economies will drag on growth and finances, with global credit implications".

26.07 / 16:57

Coca-Cola CEO Strategy Coca-Cola registers volume growth in India in Jun qtr

Coca-Cola Company on Thursday said it has registered growth in the beverage market in India despite having a challenging summer with rains, its Chairman and CEO James Quincey said. In the June quarter, China was affected due to specific local conditions and recovery was slowed in the second quarter. Consumer confidence is below the pre-pandemic level, he added.

26.07 / 16:29

UPS Art Booking beautiful cover Inside AIM Kerala should aim to become the world’s design capital

Every time I have to board flight from Kochi airport in Kerala, I make it a point to go a bit early. I have never experienced heavy rush at this airport. But I always try to reach early only because after all the security formalities are over, I want to spend some time at the book stalls inside the airport terminal.

26.07 / 15:51

Blockchain coinbase Legal Kraken Centre Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property Capable of Being Held in Trust, Craig Wright Must Pay £400,000 in Coinbase & Kraken Cases but Judge Doesn't Think He Has the Money

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

26.07 / 14:35

Blockchain Adoption Digital Asset South Korea strengthens crypto regulation with LEI adoption and crime unit

South Korea has established an interagency investigation unit to combat cryptocurrency crimes, aiming to address the rise in illicit activities in the market and the need for investor protection, according to a July 26 report.

breaking news about South Korea

What is the current situation in South Korea?

In South Korea, the spotlight is on socially significant developments that affect the region’s daily life.

Where can I find reliable news about South Korea?

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

What shapes the media agenda in South Korea?

The news landscape of South Korea is shaped by key decisions by local authorities, reflecting its unique context.