South Korea Financial News

DPIIT) has identified as many as 106 companies across sectors from 30 countries under its strategic investment targets initiative, an official said. The initiative is aimed at promoting investments in the country. The initiative was recently discussed during a meeting convened by the Commerce and Industry ministry with industry and exporters.

China look set to send a deluge of production into the market. The construction of more than 20 petrochemical projects — to produce raw materials that go into making everything from plastic packaging to clothing and detergents — will be completed across China this year, said industry consultant ICIS. While part of their output will go into factories across what is still the world’s largest consumer, a slower-than-expected rebound in China’s economy and excessive investment means oversupply is on the cards.

alliance about the specific nature of this collaboration as they grapple with how to navigate their relationship with China. Chief Cabinet Secretary Hirokazu Matsuno confirmed that Kishida intends to emphasize the importance of stronger relations between Japan and NATO, despite objections from Beijing regarding the alliance's activities in the region. Alongside Kishida, leaders from South Korea, Australia, and New Zealand will also be present at the summit in Vilnius.

NATO was created to deter Soviet tanks and missiles in Europe. Now it is also in the business of deterring China’s global ambitions, spurring concern among some members about mission creep and accusations by Beijing of inciting confrontation.

The top South Korean financial regulator will force its employees to declare their crypto holdings in the aftermath of the “Coin Gate” scandal.

labour market data spurred the threat of inflationary pressures, leaving room for more rate hike by the Fed. Earlier, the minutes of the Federal Reserve’s June meeting also showed that most central bank officials would support more interest rate increases ahead. In Asia, Japanese household spending fell 4.0% in May from a year earlier, a third month of decline, government data showed, Reuters reported.

Nato summit to be held in Lithuania’s capital Vilnius as South Korea, Japan, Australia, and New Zealand are planning to meet on the sidelines of the summit to discuss how to respond to Beijing’s aggressive attempts to change the status quo in the South and East China Seas. All eyes are set on the July 11-12 summit as for the first time all leaders of Nato's four Asia-Pacific partners—Japan, South Korea, Australia and New Zealand—will be attending. The four, collectively known as AP4, are currently tagged as ‘partners across the globe’ by Nato. The North Atlantic alliance will “formulate an individually tailored partnership programme (ITPP) with all four countries in order to upgrade its partnership with them to a higher level,” according to Tokyo-based Nikkei Asia. To support its move for South and East China Seas, Beijing is reportedly engaged in power projection, military build-up and hybrid and cyber operations. To counter China’s aggression in the region, Nato wants to strengthen its engagement with its Asia-Pacific partners step by step. After the ITPPs are finalised, Nato will open a liaison office in Japan in 2024. Nato will use the liaison office as a hub for cooperation with South Korea, Japan, Australia and New Zealand. China, which is closely watching Nato’s activity in the Indo-Pacific region, recently warned that South Korea will not gain anything by participating in a summit that shows hostility towards Beijing.

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economic growth and create an enormous burden of care. Yet when officials in Beijing mull solutions, one seems largely absent from the discussion: immigration. China has astonishingly few foreign-born residents.

Google said CCI officers had ‘copypasted’ parts of a European ruling against the it in a similar case, which CCI denied. In October, CCI slapped a fine of $163 million on Google. In its order CCI had said that modified versions of its Android operating system, called Android forks, to be liberally distributed without any licensing restrictions such as those related to pre-installation of Google apps.

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

Investing.com — Most Asian currencies fell on Thursday, while the dollar held recent gains as the minutes of the Federal Reserve’s June meeting showed that policymakers supported more rate hikes this year.

minutes showed that the central bank was split on pausing interest rate hikes in June and sees more rate hikes at a slower pace going ahead. At the June 13-14 meeting, the Federal Open Market Committee (FOMC)’s decision to hold  interest rate after 10 consecutive increases was to buy time and assess whether further rate hikes would be needed, the minutes showed On the domestic front, the Indian equity indices ended flat on Wednesday after hitting record highs for the last four consecutive sessions. After showing high volatility at high levels, Nifty continued to show consolidation movement on Wednesday and closed the day higher by 09 points.  “Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally.

Across the Indonesian archipelago, new industrial plants are going up to process chunks of nickel ore for use in electric-car batteries. Five years ago, there were none. What changed? Chinese companies had a breakthrough.

An unknown party has moved more than $160 million worth of Bitcoin from a wallet reportedly tied to Luna Foundation Guard (LFG), the organization connected to Terraform Labs and its co-founder Do Kwon.

Although she is one of the busiest actresses active today, with her hands full of exciting projects across various entertainment industries, Samantha Ruth Prabhu has reportedly decided to go on a temporary hiatus and focus on her health after wrapping up current projects. According to an ETimes report, the ‘Yashoda’ actress will take a break after finishing two ongoing projects — ‘Citadel’ and ‘Kushi’. ‘Citadel’ is a remake of the American espionage TV thriller starring Richard Madden and Priyanka Chopra.

Free trade agreements (FTA) have been among the popular trade tools for many countries, with over 350 agreements currently in existence globally.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Indian market scaled record high for the fourth consecutive session on Tuesday led by robust foreign capital inflow amid optimism over the country’s bright macroeconomic outlook. Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today — 5 July Japan’s Nikkei 225 declined 0.36% and the Topix fell 0.5%. South Korea’s Kospi gained 0.15% and the Kosdaq rose 0.11%.

Account abstraction, also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys.

SAO PAULO (Reuters) — Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur bloc to advance in talks for trade deals with Canada, South Korea and Singapore, while also aiming to increase commerce with other countries in South America.