South Korea Financial News

Some South Korean crypto exchange workers are getting paid more than staff in some of the nation’s top commercial banks, new data shows.

Gita Gopinath said, while flagging concerns around the growing sentiment against de-globalisation and protectionism. She said countries are certainly becoming more selective about their trading partners. “In that sense, India is in a bit of a favoured position because for many countries, India is an attractive country to work with in terms of diversifying their trading partners… so that plays a beneficial role for India,” Gopinath told ET.

controversy after being accused of drunk driving. In the days that followed, the singer faced significant backlash, with trucks demanding his removal from the seven-member group spotted around Seoul, South Korea. Here's a breakdown of the controversy: According to reports from Koreaboo, several trucks were seen in Seoul protesting against Suga, calling for his expulsion from the globally renowned K-pop group. One of the protest messages on the trucks labeled Suga a «criminal» and stated, «He told his fans to be confident, but returned with a DUI. Drunk driver Suga, today is D-Day to leave the group. 7-1=6. Armys will complete the group. Drunk driver Suga out. Kick Suga out of BTS. We don't need a criminal who deceives fans. Suga, leave the group on your own before things get worse.»

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

recession concerns, fueling a rally in stocks and sending bonds tumbling. Equity benchmarks in Japan climbed over 2% at the open, while shares in Australia increased alongside those in South Korea. US futures contracts edged higher after the S&P 500 and tech-heavy Nasdaq 100 both rose, as retail sales data beat estimates and jobless claims hit the lowest since early July.

With its reindeer sledding, camel racing and stunning landscapes with room to roam, Mongolia is hoping to woo visitors who are truly looking to get away from it all

B3.fun, a gaming platform founded by former Coinbase alumni and built on Base, Coinbase’s Layer 2 network has officially launched its game discovery platform, BSMNT.fun.

The South Korean crypto exchange Bithumb could shun its long-term banking partnership with NongHyup Bank in favor of a deal with rival bank Kookmin.

SEOUL—For most of 2020, Kim Yong-min and So Sung-uk enjoyed joint family coverage with the nation’s public health insurer. Then an abrupt call severed their government benefits. A mistake had been made, an insurance representative explained to Kim.

MUMBAI : Retail and high net-worth individual (HNIs) investors have become a key bulwark for the Indian stock market in recent years. Latest data underscores their growing significance as a counterbalance to selling pressure from foreign institutional investors (FIIs) and “other" investor categories. This domestic buying spree has helped the Nifty outperform its Asian peers, such as Nikkei 225, South Korea's Kospi and Singapore's Straits Times Index, amid global market jitters.

South Korean prosecutors have indicted a civil servant for allegedly stealing public funds to buy crypto.

Samsung Electronics' biggest workers' union in South Korea said on Tuesday it would begin a four-day strike from Thursday to pressure the company over higher wages and bonuses after talks with management fell through in July. Lee Hyun-kuk, vice president of the National Samsung Electronics Union (NSEU), said in a live YouTube broadcast: «This strike is strategically designed to damage the company.» He said the union, whose 36,500 members make up about 30% of Samsung Electronics' South Korean workforce, expects the company would not have enough backup office workers to support production lines during the planned strike, as many workers would be away for a national holiday on Thursday.

SEOUL—The uproar over a Mercedes-Benz electric vehicle that burst into flames in South Korea this month wasn’t only about fire safety. Outrage emerged over the lesser-known Chinese battery maker, Farasis Energy. Now South Korea has a fresh proposal to ease public anxiety: Advising carmakers to voluntarily divulge what brand of battery sits inside their EVs.

Boeing has partnered with India's AI Engineering Services Ltd to provide overhaul services to the Indian Navy's fleet of 12 P-8I maritime surveillance aircraft. As part of the partnership, the first landing gear overhaul of a P-8I aircraft was recently completed at naval base INS Rajali in Tamil Nadu, Boeing India said on Tuesday. «This is a first in India and reflects the growth in India's indigenous capabilities for undertaking complex Maintenance, Repair and Overhaul (MRO) services,» it said in a statement. The Boeing P-8I, a multi-role long-range maritime reconnaissance anti-submarine warfare (LRMR ASW) aircraft, is integral to the Indian Navy's maritime surveillance missions in the Indian Ocean.

₹30,000 a month, which is far higher than what new employees get on average in cities. The prospect of stable employment is an added incentive. Yet, such a scramble for government employment is also a symptom of the lack of quality jobs in an economy that has otherwise had a good run since the pandemic.

UN sanctions banning North Korea's imports of luxury goods, North Korean leader Kim Jong Un appeared to be using a new model of a Mercedes-Benz SUV, local media in neighbouring South Korea reported. Seoul-based Yonhap news agency on Tuesday published photos carried by the Korean Central News Agency, which showed a black Mercedes-Benz SUV on a special train that Kim used to visit flood-hit areas in the northwestern province of North Phyongan last week. Under UN resolutions, first enacted in 2006 after Pyongyang carried out underground nuclear tests, exports of luxury cars and other high-end items to North Korea are banned.

The South Korean crypto exchange GOPAX has secured an eleventh-hour reprieve that will let it continue trading fiat parings, thanks to a “temporary” banking deal.

The South Korean crypto exchange Bithumb will let customers open NongHyup Bank accounts via its mobile app.

Olympics reading the US, China, Japan, Australia, France, the Netherlands, Britain, South Korea, Italy and Germany, one is bound to ask: why do some countries fare better than others? Discussions usually attribute wins and losses to individual abilities, training and dedication. These factors are undoubtedly crucial. But there could be other determinants like economic prosperity. In each of the last three Summer and Winter Olympic Games, the top 10 medal-winning countries have been high-income countries based on World Bank's income-level classifications, with the exception of China (upper-middle income) in Tokyo 2020 Olympics, and OAR (Olympic Athletes from Russia — upper-middle income) in PyeongChang 2018 Winter Olympics. However, research has found a range of determinants beyond economic prosperity — team size, growth rate, expenditure on health, population, etc — to have a significant impact. We investigated the association between the total medal count for each country at the Beijing 2022 Olympics and their GDP per capita (PPP). A moderate positive relationship is observed with a correlation coefficient of 0.62.

South Korean banks are struggling to make their NFT business operations profitable, but will reportedly continue to press ahead with their non-fungible token-related plans.

The South Korean CEO of a tech firm has been arrested for allegedly masterminding an Ethereum (ETH) -themed crypto-powered fraud scheme that sucked in around 500 victims.