South Korea Financial News

11.07 / 08:09

Provident Reuters Cooper Parke Support S.Korea state-run banks join liquidity support effort for credit union

By Jihoon Lee

11.07 / 06:57

UPS BLOCK celebrities Bitcoin Lost South Korean Pop Star Says He Lost ‘$77,000’ on Crypto Investment

Seo Chul-goo (aka Xitsuh), a South Korean pop star, rapper, and TV personality, says he “lost” up to $77,000 on bad crypto investments.

11.07 / 05:29

UPS Tencent Baidu KOSPI Asian stocks Asian stocks surge as markets bet on peak Fed rates, China stimulus

Investing.com — Most Asian stocks rose sharply on Tuesday amid expectations that the Federal Reserve was close to concluding its rate hike cycle for the year, while the prospect of more stimulus measures from China also aided sentiment.

11.07 / 05:29

UPS Lowe's Low Asia FX rises, dollar at 2-mth low with peak Fed rate in sight

Investing.com-- Most Asian currencies rose on Tuesday, while the dollar sank amid growing bets that the U.S. Federal Reserve was close to concluding its rate hike cycle, with focus also turning to upcoming inflation data for more cues.

11.07 / 02:29

Reuters Microsoft NASDAQ Apple NIFTY Indian Gift Nifty, Asian markets in the green amid gains on Wall Street: Check out key global cues for Indian stock market

US Federal Reserve to increase interest rates by 25 basis points this month. Meanwhile, several Fed officials said additional interest rate hikes are needed to bring down inflation that is still too high, but the end to the US central bank's current monetary policy tightening cycle is getting close, Reuters reported. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 11th July In Japan, Nikkei 225 gained 0.6% and the Topix rose 0.3%.

11.07 / 00:49

Target Invesco Invesco poll finds India debt best among EMs

MUMBAI : India is the top choice for debt investments among emerging markets (EMs) for sovereign wealth funds (SWFs) and central banks, a global survey by American fund manager Invesco Ltd has found. The survey, which polled 85 SWFs and 57 central banks managing a combined $21 trillion, found that India beat China in the EM debt sweepstakes. While the share of SWFs that found Chinese debt attractive fell from 71% in 2022 to 51% in 2023, those who found Indian debt attractive rose to 76% in 2023 from 66% in 2022.

11.07 / 00:19

Invesco India beats China as most attractive emerging market

Emerging Market debt, US asset manager Invesco said, confirming New Delhi's growing stature among large emerging economies competing for overseas fund flows into local fixed-income assets. The finding is part of Invesco's 11th annual edition on sovereign investors titled 'Invesco Global Sovereign Asset Management Study'.

10.07 / 22:49

Legal Terra Luna Terra Terra Classic Terraform Labs Co-founder Faces Legal Proceedings: Trial Preparations Underway

Legal proceedings have been initiated against Shin Hyun-Seong, also known as Daniel Shin, concerning charges concerning alleged illicit profits from the sale of Terra (LUNA) tokens.

10.07 / 18:59

UPS Citi FIVE Cooper Support South Korea asks banks to keep aside $4 bn to support credit union

South Korea's financial services regulator has asked major commercial banks to prepare around $4 billion in financing to support a credit cooperative hit by customer withdrawals, two banking sources familiar with the matter said on Monday. An official at the Financial Services Commission said it could not confirm the amount or other details, but it had asked the banks for cooperation in preparing liquidity through repurchase-agreement facilities to aid MG Community Credit Cooperatives (MGCCC).

10.07 / 18:15

Target MET Progressive Waters Action Banner Japan defends neutrality of IAEA report on Fukushima water release plan as minister visits plant

Japan’s industry minister has visited the tsunami-wrecked Fukushima nuclear power plant to see equipment that is to be used to release treated radioactive water into the Pacific Ocean to ensure the safety of the contentious plan

10.07 / 18:15

MET Waters lawmakers South Korean lawmakers berate IAEA chief over Japanese plans to release treated Fukushima wastewater

South Korean opposition lawmakers have sharply criticized the head of the United Nations’ nuclear watchdog for its approval of Japanese plans to release treated wastewater from the damaged Fukushima nuclear power plant

10.07 / 15:55

Law regulation Court Terraform Labs Terra Legal proceedings start for Terraform Labs co-founder in South Korea: Report

Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA).

10.07 / 15:33

Twitter FIVE Reuters Booking VISA Platform US visa alert! VFS global to temporarily shut down application process on THESE dates

US embassy mentioned that visa application process- appointment booking, calls, and fee payments-- will be resumed from 15 July. US Embassy in India took to their Twitter handle, “Attention visa applicants! Our customer service center VFS is migrating to a new platform and will be temporarily closed for calls, fee payments, and appointment booking from July 12-14. These services will resume on July 15." VFS Global is the world's largest outsourcing and technology services specialist for governments and diplomatic missions.

10.07 / 07:41

Ethereum Twitter Booking Platform CoinMarketCap Nov Bitcoin Squid 2.0 Coin Is The Top Trending Crypto on DEXTools - Another Scam or Legit?

The recent trend of 2.0 meme coins now even includes an homage to the infamous Squid Game (SQUID) crypto scam, which rugpulled investors in 2021 - is Squid2.0 also a scam?

10.07 / 04:25

UPS AXY NIFTY SENSEX Nestle Sensex, Nifty rise in early trade on gains in RIL, HDFC twins

Reliance and HDFC twins, ahead of the corporate earnings for the June quarter. The BSE Sensex was trading 217 points or 0.33% higher at 65,482 while Nifty50 was trading at 19,396, up 64 points or 0.33% at around 9.18 am.

10.07 / 03:09

UPS NASDAQ MSCI Nikkei Asia in wary mood for US inflation, earnings tests

Bond markets were still shaky after a recent vicious sell-off drove yields to multi-year highs across the developed world, making equities less attractive in comparison. The surge in yields put pressure on popular carry trades in the currency market which saw the Japanese yen rally sharply late last week, largely at the expense of the U.S. dollar.

10.07 / 02:05

UPS Reuters JPMorgan NIFTY Indian inflation data Gift Nifty flat, Asian markets rise ahead of inflation data; check out key global cues for Indian stock market

inflation data this week, including the US consumer price index, and the start of another corporate earnings season. Bond markets were volatile after a recent sell-off drove yields to multi-year highs in the US, making equities less attractive in comparison. In the US, the June CPI report is scheduled to be released on Wednesday, which is forecast to show headline inflation slowed to its lowest level since early 2021 at 3.1%, with the core easing to 5.0%, Reuters reported.

09.07 / 18:53

UPS Target DPIIT identifies 106 firms across sectors from 30 countries under strategic investment targets

PTI. "An outreach was conducted through the ministry and meetings and video conferences are being set up with the leadership of these companies," the news agency quoted an official as saying, who added there is also a plan to engage with people of Indian origin (PIO) under the initiative.

09.07 / 18:35

UPS Advance cargo info system in works

New Delhi: India is working on an advance cargo information system on the lines of the advance passenger information system put in place by the US after 9/11 that will allow immediate customs clearance of imports with scrutiny limited to a risk-based assessment of shipments. Such a system would allow customs authorities to know beforehand the contents and arrival time of cargo. The information can then be used to pre-clear the consignments or keep them for further checks based on the contents and the information thrown up by the risk-assessment system.

09.07 / 12:47

Booking Amazon Career BTS Limelight BTS ARMY Day 2023: K-pop band unveils first memoir 'Beyond the Story: 10-Year Record of BTS' to mark band's 10th anniversary

BTS ARMY Day, according to reports. BTS' hotly anticipated memoir in South Korea is available in 23 languages. «Beyond the Story: 10-Year Record of BTS» contains a chronological summary of BTS members' musical career as well as hints at their future endeavours, according to their agency BIGHIT MUSIC. It was co-written by South Korean journalist Kang Myeong-seok and members of the band, according to its US publisher Flatiron Books. The book, which is also being released in the United States, shot to the top of the Amazon and Barnes and Noble bestseller lists in May on the strength of its pre-orders.

09.07 / 10:59

UPS Target Mobile Qualcomm Samsung Updates Tech Recap: Reliance JioBharat 4G phone, OnePlus new phones, Instagram’s Threads app and other important updates

Click here to read the full story Reliance has launched its internet-enabled JioBharat 4G phone at ₹999 onwards. The company says that Jio Bharat Phone is specifically targeted towards individuals who are unable to afford expensive smartphones but still rely on basic features. Jio has also introduced the Jio Bharat Mobile Plan, offering 500 MB of daily data and unlimited calling for ₹123 per month.

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