South Korea Financial News

04.07 / 14:53

COST UPS Factbox-Some facts about strategic materials germanium and gallium

(Reuters) — China has announced export restrictions on some gallium and germanium products, metals used in computer chips and other products, citing national security interests.

04.07 / 10:23

UPS Twitter Platform Microchip Global stocks muted, Meta to unveil Twitter rival - what's moving markets

Investing.com — Global stocks search for direction with Wall Street set to remain closed on Tuesday for the July 4 holiday. Meanwhile, Meta gears up to release a platform to rival Twitter later this week in a bid to attract users unhappy with Elon Musk's management of the social media site. Elsewhere, China unveils export controls on two key minerals in the latest development of an ongoing war over microchips between Beijing and the West.

04.07 / 09:09

BLOCK Ripple Manufacturing Assurant Samsung Micron China Restricts Exports of Two Minerals Used in High-Performance Chips

China set export restrictions on two minerals the U.S. says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance. The minerals—gallium and germanium—and more than three dozen related metals and other materials will be subject to unspecified export controls starting Aug.

04.07 / 07:27

NIFTY foreign Why foreign investors are flocking back to India

Indian equities since March this year. An analysis by Bank of Baroda shows that India has registered FII inflow (equity) of $1,220 crore for the quarter ended 30 June. Countries such as South Korea, Taiwan and Indonesia have received far less inflows compared with India, and notably, the US and Thailand have seen foreign portfolio investors moving out of their respective countries, said the report.

04.07 / 07:17

FIVE Booking Features 2023 Kia Seltos launched in India with ADAS 2.0, 32 safety features and more. Bookings start July 14

SUV’s new facelift variant was first showcased at Busan Auto Show in South Korea last year. 2023 Kia Seltos is made-in-India.

04.07 / 03:41

FIVE Mobile Apple Boeing Samsung Samsung sues Chinese rival BOE Technology over alleged patent violation on iPhone displays

Samsung Display has filed a lawsuit against BOE Technology, accusing the Chinese rival of infringing five of its patents for displays used in mobile devices including Apple's iPhone 12. Samsung Display, a unit of Samsung Electronics, asked a federal jury in Texas to award damages for the infringement of patents regarding organic light emitting diode (OLED) displays supplied by BOE. Samsung also seeks an injunction from the court to halt the import and sale of the affected displays.

04.07 / 01:49

UPS Reuters Tesla NIFTY SENSEX Nikkei Indian Gift Nifty, Asian markets to other global cues: Check out key triggers for Indian stock market

Indian market is likely to open flat after the benchmark equity indices closed at record levels with the Sensex surpassing 65,000-mark and the Nifty ending above 19,300 fuelled by favourable economic data, sustained foreign fund inflows and positive global cues. Japan’s Nikkei 225 fell 0.72%, while the Topix declined 0.45%. South Korea’s Kospi eased, while the Kosdaq rose 0.13%. Hong Kong’s Hang Seng index futures were trading around 130 points lower at 19,176.

03.07 / 20:07

UPS Target Strategy Global Trade Global trade fairs on cards; sectoral targets for $1 trillion exports by ’30

food, textiles and auto components, on the lines of Messe Frankfurt, Gulfood and Canton Fair, to achieve 12% growth in goods exports by 2030. These suggestions figured in a meeting held by commerce and industry minister Piyush Goyal with industry and exporters on Monday.

03.07 / 18:13

cryptocurrency Crypto Exchange Delio regulatory Regulatory Investigation Targets South Korean Crypto Lender Delio

South Korea-based Delio is currently under scrutiny as the country's Financial Services Commission (FSC) investigates the crypto lending firm for alleged fraud, embezzlement, and breach of trust.

03.07 / 15:33

Hack regulation SEC security network Crypto miners Exploit Today in Crypto: South Korea Passes the Virtual Asset User Protection Legislation, Poly Network Exploit Affected 57 Cryptos on 10 Blockchains, Crypto Miners Are Turning to AI

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

03.07 / 10:57

Adoption robotics National Robot guest-conducts the Korean National Symphony Orchestra

A robot graced the stage at the National Theatre of Korea to conduct the Korean National Symphony Orchestra on June 30, marking South Korea’s first robot-conductor public appearance.

03.07 / 09:33

BTC Binance Digital ETF community humor Bitcoin NOT FTX (Re)Turns, BTC (Not)Moneyz, ETF (Un)Coming and 20 Crypto Jokes

This week in crypto, we had FTX: it was having initial talks with investors on bringing back the FTX.com exchange through structures such as a joint venture, the new FTX leadership team recouped approximately $7 billion in liquid assets, the exchange put a pause on the sale of its stake in the AI startup Anthropic, it was revealed that Sam Bankman-Fried had shot a tutorial video on cryptocurrency for MasterClass, and Sequoia Partner Alfred Lin claimed that the FTX investment was a correct decision at the time.

03.07 / 06:09

UPS Provident Lowe's Target Manufacturing Asia FX rises as dollar slips on easing U.S. inflation

Investing.com — Most Asian currencies firmed on Monday as softer-than-expected U.S. inflation readings pushed up hopes that the Federal Reserve will taper its hawkish stance, with focus also turning to more U.S. economic cues this week.

03.07 / 04:25

COST UPS Manufacturing SAP China’s stubborn manufacturing slump drags down rest of Asia

Manufacturing across most of Asia deteriorated further in June as a weak Chinese economy sapped demand for the region’s goods. Factory activity remained stuck in contraction in neighbouring economies South Korea, Japan and Taiwan, according to manufacturing purchasing managers’ indexes published Monday by S&P Global and au Jibun Bank. Much of Asia’s manufacturing sector had pinned its hopes on a strong Chinese post-pandemic rebound, only to see weaker-than-expected trade with the world’s second largest economy.

03.07 / 00:43

COST FIVE Manufacturing South Korea factory activity suffers longest downturn in at least 19 years

SEOUL (Reuters) — South Korea's factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount solid recovery.

01.07 / 11:35

Parke Time park BST Hyde Park 2023: When will Blackpink perform on stage? Date, time, tickets

BST Hyde Park began in London on June 23 and has a star-studded line-up of artists for 2023. Among the main artists, this year are South Korean girl band Blackpink, who will be making their UK festival debut at BST. This is the tenth-anniversary edition of the BST Hyde Park festival. It takes place over weekends in June and July, with the 2023 weekend dates being June 23, 24, 25, and 30, and July 1, 2, 6, 7, 8, and 9.

01.07 / 09:17

Blockchain Ethereum Lowe's Cooper Maxim Platform Klaytn Foundation and Matter Labs Collaborate to Advance Layer 2 Technology Integration

Klaytn Foundation, the organization behind South Korea's prominent Layer 1 blockchain Klaytn (symbol: KLAY) , has entered into a memorandum of understanding (MOU) with Matter Labs, the team responsible for developing Ethereum Layer 2 scaling solution zkSync Era. This collaboration aims to advance the integration of zkSync Era's Hyperchain implementations on Klaytn, marking a significant technological endeavor to incorporate a Hyperchain Layer powered by ZK-Rollups on a blockchain outside of Ethereum. The partnership will focus on the following areas of exploration:

30.06 / 19:29

Facebook Provident Twitter Digital LinkedIn Deal South Korea takes initiative to deal with crypto conundrum

According to Cointelegraph, South Korea’s government is taking steps to protect cryptocurrency investors from collapsing by passing a new cryptocurrency bill. Supposedly, this step will help to avoid incidents such as the fall of Do Kwon’s Terra ecosystem.

30.06 / 18:49

business Blockchain Delio South Korean crypto lending firm Delio under investigation by regulators

According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country's Financial Services Commission (FSC) as of June 30. The Commission alleges fraud, embezzlement, and breach of trust related to Delio's unilateral decision to suspend users' deposits and withdrawals on June 14.

30.06 / 14:29

Target Time El Salvador vs Costa Rica live streaming: Kick off time, where to watch CONCACAF Gold Cup 2023

Held on: Friday, June 30, 2023 Stadium: New Jersey Red Bull Arena Kick-off time: 8:30 pm ET Where to Watch: In the US, th

30.06 / 12:27

Citi Reuters Manufacturing Samsung HON Executive letter A jailed South Korean chip executive denies stealing Samsung data for China factory in a letter

Samsung Electronics. In a handwritten letter to Reuters, his first comments to media since he was detained on May 25, Choi Jinseog elaborated on his defence plan and said the allegations against him regarding the Xian plant were not substantiated. Prosecutors earlier this month indicted the former Samsung executive for illegally obtaining secret information to build a semiconductor plant only 1.5 km (1 mile) from a Samsung factory in Xian, China.

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