South Korea Financial News

25.07 / 01:33

UPS DOW Action NIFTY Nikkei Indian US stocks Gift Nifty, Asian markets, Chinese economic stimulus to US stocks rally - key triggers for Indian stock market today

equity market remained weak amid mixed corporate results for the June quarter. “We expect some cautiousness ahead of the US Fed meeting where a 25 bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

25.07 / 01:09

UPS Progressive Manufacturing Mobile Samsung Samsung Semiconductor India Research has 1,100 patents: senior exec

Samsung Semiconductor India Research (SSIR), the research arm of South Korean manufacturing conglomerate Samsung in Bengaluru, has got 1,100 patents to its credit so far, a senior executive told ET. “There are close to 4,000 engineers working from the Bengaluru R&D centre on some of the key technologies for Samsung semiconductors,” said Balajee Sowrirajan, corporate vice president and managing director of SSIR. Talking about some of the product lines, he said, “some of the most advanced image sensors, of very high resolution, have been developed at SSIR and these are not just a first for Samsung, but are a first for the industry as well”.

24.07 / 17:13

Fighting Celebrity show Japan on alert as North Korea launches ‘suspected ballistic missile’

South Korea's military said, hours after a US nuclear-powered submarine arrived in a naval base in the South. The reports come amid heightened tensions on the Korean peninsula as South Korea and the United States take steps to boost military readiness against North Korea's weapons programme with the deployment of U.S. strategic military assets.

24.07 / 16:03

UPS Manufacturing awards Hyundai performer electronic Battery PLI aspirants split on capacity to be offered for bids

ACC) batteries with support from the performance linked incentive (PLI) scheme are split down the middle in their demands from the centre. These views were collected during consultations called by the Ministry of Heavy Industries for bidding out 20 GW or Rs 7,240 crore worth PLI sops. “Some larger companies wanted to corner the entire 20 GW of PLI sops for one player.

24.07 / 13:41

Action film Comcast country When can you stream Oppenheimer on Netflix US and other countries? Here’s what you should know

Based on the biography «American Prometheus» from 2005, the movie aims to depict the life of J. Robert Oppenheimer, a key figure in the development of nuclear weapons. The star-studded cast, including Cillian Murphy, Emily Blunt, Matt Damon, Robert Downey Jr., and Florence Pugh, is just the tip of the iceberg in this impressive project. As for those waiting for a Netflix release, the streaming date is yet to be announced.

24.07 / 10:48

Blockchain CBDC Adoption regulation Korean banks to research the stablecoins alternative

Several private banks in South Korea are studying the potential of tokenized deposits technology, an alternative both to private stablecoins and central bank digital currencies (CBDCs).

24.07 / 08:37

Provident Maxim Fighting show UN Command engages in talks with North Korea regarding detained US soldier: Report

AFP, Gen. Andrew Harrison said the process has started through a communications line set under the armistice agreement that stopped the fighting of the 1950-53 Korean War. He said the well-being of Pvt.

24.07 / 08:37

Provident Software Remark Qualcomm Photography Samsung Samsung Galaxy Tab S9 Ultra to launch at Unpacked event: What to expect

Samsung Galaxy Tab S9 Ultra 5G, thanks to recent leaks revealing intriguing details about its specifications and design. The Samsung Galaxy Unpacked event is scheduled for July 26 and is set to take place in Seoul, South Korea.

24.07 / 06:19

Gap Qualcomm Samsung show star Features Samsung Galaxy Z Fold 5 launch at Galaxy Unpacked event: Expected design, features and more

Galaxy Unpacked event on July 26. The event will be held for the first time in South Korea. At the upcoming event, the company is expected to unveil its latest range of foldable phones among other products.

24.07 / 05:37

Blockchain Adoption lending Delio Crypto lender Delio warns normal operations in jeopardy after asset seizures

South Korean crypto lending firm Delio has reportedly raised concerns over whether it can continue to provide normal services to clients after having its assets seized by a local financial regulator.

24.07 / 04:13

Target CEO Software Samsung cover Stellantis Stellantis, Samsung SDI set plan to build second US battery plant

(Reuters) — French-Italian automaker Stellantis and South Korean battery maker Samsung (KS:005930) SDI on Monday said they plan to open a second joint-venture plant in the U.S. to build electric vehicle batteries, with a target to start production in 2027.

24.07 / 04:07

Provident Maxim country US reinforces presence in South Korea with deployment of another submarine amid tensions with North Korea

A nuclear-powered US submarine has reached South Korea in the second deployment of a significant US naval asset to the Korean Peninsula this month, as reported by South Korea's military on Monday. As reported by AP, the arrival of the USS Annapolis at a port on Jeju Island comes approximately a week after the USS Kentucky docked at the mainland port of Busan. This deployment serves as a display of strength and solidarity between the allies to deter potential nuclear threats from North Korea.

24.07 / 01:55

UPS Microsoft Manufacturing NIFTY Indian Gift Nifty, mixed trend in Asian markets to Wall Street corporate earnings - key triggers for Indian stock market today

US Federal Reserve and European Central Bank later this week and possibly the end of the tightening cycle in both. Investors will also focus on a slew of corporate earnings this week, including that of Alphabet, Meta, Intel, Microsoft, GE, AT&T, Boeing, Coca Cola, Ford, among others, in the US. In Asia, Japan’s manufacturing activity extended declines in July, as the au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell to 49.4 in July from 49.8 in June.

24.07 / 01:29

Blockchain COST CBDC USDT South Korea’s Hana Bank to Work on CBDC and Stablecoin Alternatives

South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, such as tokenized deposits.

23.07 / 16:23

Action country committee US Committee expresses concern over North Korea's potential demands in soldier Travis King's release

House Foreign Affairs Committee Chair, Michael McCaul, expressed his concerns on Sunday regarding the possible demands North Korea might make in exchange for releasing American soldier Travis King. Last week, King fled across the border from South Korea, leading to questions about his motives and the implications of his actions on U.S.-North Korea relations.

23.07 / 15:01

FIVE country end Russia and China end military exercises in Sea of Japan

Russia and China have ended their joint naval exercises in the Sea of Japan, the Russian defence ministry announced Sunday, as the two allies seek to deepen their military ties. The two massive countries, which share a common desire to counter what they see as American hegemony, have grown closer in the military sphere since Russia launched its Ukraine offensive last year, a move China has not condemned. The Russian defence ministry previously said the main goal of the latest exercises, which began on Thursday, was to «strengthen naval cooperation» between the two countries and «maintain stability and peace in the Asia-Pacific region».

23.07 / 10:33

Waters Photography Samsung performer country cover Samsung Galaxy Unpacked event: Date, expected launches and other details

Samsung Galaxy Z Fold 5 and Galaxy Z Flip 5. Here’s everything you need to know about the upcoming event As mentioned above, Samsung Galaxy Unpacked event will be hosted on July 26. The event will start at 4:30 pm IST.

23.07 / 05:59

Target country Latin Kia India eyes 10 pc sales growth this calendar year

Kia India expects its sales to grow by 8-10 per cent this year as compared with 2022 on the back of improved chip supplies and introduction of the updated Seltos in the market, according to a senior company official. The South Korean carmaker, which sells models like Carens, Sonet and Seltos in the Indian market, sold a total of 3.4 lakh units in the domestic and export markets last year. «So last year our domestic sales were about 2.54 lakh units while exports stood at around 80,000 units.

23.07 / 02:51

Twitter defi regulation Terra Terra interim CEO says any 'little progress' made gets derailed by accusations

Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations, according to Terra’s new interim CEO Chris Amani.

22.07 / 15:45

UPS Waters BAY show foreign USS Canberra: US commissions first Navy warship in foreign port

SYDNEY (Reuters) -The United States commissioned a warship in Sydney, Australia, on Saturday, the first time a U.S. Navy vessel joined active service at a foreign port, as the two close allies step up their military ties in response to China's expanding regional reach.

22.07 / 14:13

Target Strategy Mobile BAY SPY performer US and Australia use war games to focus on long-range firepower

Australia and the United States rehearsed precision missile strikes during war games on Saturday as Canberra overhauls its military strategy in favour of long-range firepower. A series of live-fire drills were held at the Shoalwater Bay military complex in the northeastern region of Queensland, showcasing the American-made HIMARS missile system recently sold to the Australian Defence Force. More than 30,000 troops will take part in the biennial Talisman Sabre exercises over the next two weeks, including soldiers from Japan, France, Germany, and South Korea.

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