South Korea Financial News

Given the current push for crypto regulation, the industry breathed a sigh of relief on July 13 as Ripple Labs scored a partial victory in its legal battle with the United States Securities and Exchange Commission (SEC) dating back to 2020.

Indo-Pacific Economic Framework (IPEF) by the end of the year. While the legal scrubbing of the Supply Chain Agreement — which was finalised in May — is on, discussions are moving fast on the clean economy and fair economy pillars, said people aware of the matter.

WASHINGTON—U.S.-based companies won relief from two pieces of the global minimum tax deal, and the changes will delay or reduce the taxes they are set to pay to foreign countries. Under the updated agreement negotiated by the Treasury Department, companies will have an extra year—through 2025—before foreign countries can start imposing new taxes on any U.S. companies deemed to pay too little tax in the U.S.

The collections are 15% more than Mission: Impossible Fallout, reports Deadline. Globally, Mission: Impossible 7 has had the biggest opening weekend as compared to other M:I franchise movies. These results are from 35 international markets, including India, Australia/New Zealand, Brazil, Netherlands, Scandinavia and the UK.

Kim Yo Jong, sister of leader Kim Jong Un, said on Monday that the United States should avoid any «foolish act» that could put its security at risk and rejected offers of talks as a ploy, state news agency KCNA reported. Kim made her comments after White House national security adviser Jake Sullivan said the United States remained concerned that North Korea would carry out another intercontinental ballistic missile (ICBM) test, after it last week fired an ICBM off its east coast. «The U.S.

India, and Japan are battling extreme floods.  The wrath of monsoon, cloud bursts, flash floods have caused damage to life and property in several Asian nations. In South Korea, heavy rainfall lashed the divided nation for  a ninth day on Monday, even as rescue teams struggle to search for survivors amid landslides, submerged tunnels.  According to reports, a total of 40 people have died, 34 others are injured and more than 10,000 people have had to evacuate from their homes since 9 July.

The video focuses on how in a rapidly changing wor... moreThe video focuses on how in a rapidly changing world, a new global order is emerging.

crypto and blockchain sector witnessed an investment of $2.32 billion in Q2 2023, marking a new cycle low and the lowest since Q4 2020, continuing a downtrend that began after a peak of $13 billion in Q1 2022, a new report has shown. According to the crypto investment firm Galaxy Digital, crypto and blockchain startups raised less money across the last three quarters combined than they did in just Q2 of 2022. In Q2 2023, 10 new crypto VC (venture capital) funds raised only $720 million, the lowest amount since Q3 2020, at the start of the Coivd-19 pandemic.

US Federal Reserve continued to sound cautious, with Governor Christopher Waller Thursday saying that he expected two more rate hikes this year to bring inflation down to the 2% goal, though more good data on prices could obviate the need for the second hike.  Also Read: Q1 earnings, global cues & more: Key triggers for stock markets this week Japanese markets are closed for a holiday. China's Shanghai Composite Index declined 0.58% to 3,219.02, while the Shenzhen Composite Index dropped 0.34% to 2,051.13. South Korea’s Kospi dipped 0.43%, while Hong Kong’s Hang Seng index futures were trading around 100 points lower at 19,319.

Netflix popular “Knightfall” is set to bid farewell to Netflix in the United States and several other countries in August 2023. The show, which originally aired on the History Channel, premiered in December 2017 and quickly garnered a dedicated fanbase due to its engaging storyline and high production quality. The series was unfortunately canceled after just two seasons. Set in the 14th century, Knightfall takes viewers into the treacherous world of the Knights Templar, a legendary order of warrior monks. The show brought the medieval era to life with its meticulous attention to detail, including elaborate sets, authentic costumes, and intense battle sequences. A talented ensemble cast, featuring Tom Cullen, Jim Carter, and Mark Hamill, contributed to the show's success.

Climate change and its effects are no surprise to humankind, these extreme conditions might spell doom for civilisation.  In the latest turn of events, a rapidly developing El Nino threatens Earth's climate activity.  In northern India, relentless monsoon rains have reportedly killed at least 90 people, following burning heat. Major flooding and landslides are common during India's monsoons, but experts say climate change is increasing their frequency and severity. A man died as torrential rains lashed northern Japan on Sunday, a week after seven people were killed in similar weather in the country's southwest.

Despite facing regulatory scrutiny in the United States, crypto firms continue to innovate, with nearly half of all capital investments flowing toward U.S. crypto businesses, according to a recent report.

US predicts that the country is set to witness an “extremely hot and dangerous weekend". The prediction indicates that the heat could remain concentrated on the West Coast this weekend, things could get hotter in the South by early next week. The US weather agency noted that Phoenix is likely to record its hottest week on record, based on the 7-day temperature average.

heavy rains in central South Korea were pulled out on Sunday, firefighting authorities said, taking the death toll from the days of torrential rains that pounded the country to 31. The five people were found from a bus that has been submerged at a flooded underpass in Cheongju on Saturday after rescue workers began underwater search operations early Sunday, officials said.

North Korea's evolving nuclear and missile threats, the South's navy said. This came after the North launched an intercontinental ballistic missile (ICBM).  North Korea fired its latest Hwasong-18 missile, which Pyongyang describes as the core of its nuclear strike force, off the east coast on Wednesday in what it said was a ‘strong practical warning’ to the adversaries, according to Reuters reports.  The navy stated that Sunday's trilateral drill was conducted in international waters between South Korea and Japan that brought together destroyers equipped with Aegis radar systems from the three countries.  Washington and its Asian allies have been working to improve their information-sharing system on North Korea's missiles, while South Korea and Japan are independently linked to US radar systems but not to each other's.

By Joyce Lee

New Delhi: Union minister Jitendra Singh on Saturday said that the successful launch of Chandrayaan-3 will boost space startups and space entrepreneurs. Addressing the G20 Young Entrepreneurs Alliance Summit, the minister said that the Indian Space Research Organization (ISRO) had made history in November last year by launching successfully India’s maiden private Vikram-suborbital (VKS) rocket.

heavy rains flooded South Korea, officials said Saturday, with thousands told to evacuate their homes due to an overflowing dam. Over the last three days, heavy rainfall has submerged counties across the country, with local media reports suggesting the death toll may rise later Saturday.

Trading volume of XRP (XRP) tokens on the South Korean crypto exchange Upbit has surpassed Bitcoin (BTC) in the past 24 hours. The XRP/KRW trading pair saw $2.6 billion in trading volume in the last 24 hours following Ripple’s partial win against the United States Securities and Exchange Commission (SEC) in its long-running court battle.

Nifty50 has rallied by about 15 per cent from the March lows to set new record highs.Where are we in this bull phase?This bull phase was born on the pessimism of the Covid outbreak when Nifty crashed to 7,511 in March 2020. For the next eighteen months, we had a one-way rally born on skepticism, which took the Nifty to 18,604 in October 2021. After a consolidation phase lasting more than a year, the bull is charging again.

Investing.com-- Most Asian currencies rose on Friday, while the dollar hit a 15-month low against a basket of currencies as weak U.S. inflation readings saw investors pricing in fewer interest rate hikes this year.