South Korea Financial News

Hulu is out with a new original Korean drama called “The Tyrant.” Rogue government scientists create a deadly virus to put South Korea on the same power level as the U.S. and other countries with nuclear arms. The four-part series premieres Wednesday. MTV’s long-running competition show “The Challenge” began as a spinoff of the “Real World” and “Road Rules,” and is still charging full steam ahead with season 40. Debuting Wednesday, “The Challenge 40: Battle of the Eras,” has 40 contestants from the show’s history, including mainstays Johnny Bananas and Chris “CT” Tamburello. Episodes air on MTV and will also stream on Paramount+. Guess what? Emily is still in Paris! Part 1 of the Lily Collins- led romance, workplace comedy’s fourth season drops Thursday on Netflix. And rumor has it in the new season of “Emily in Paris,” the star also visits Rome.

Hyderabad: Telangana Chief Minister A Revanth Reddy and his team concluded their business tour of the United States on a high note, securing over Rs 31,500 crore investment plans that will bring over 30,750 jobs new jobs in the state. The delegation comprising IT and Industries Minister D Sridhar Babu and officials, during over 50 business meetings and three roundtable conferences in New York, Washington DC, Dallas and California, concluded19 investment deals/ MOUs, totalling an investment of Rs 31,500 crore and 30,750 new jobs for Telangana, an official release said on Sunday. The delegation pitched Hyderabad and Telangana as investment destination to business heads and investors across different sectors and closed new and expansion deals in IT, GCC, Life Sciences, Pharma, Data Centres, AI, among others, it said. The delegation got massive reiteration and support for various major initiatives including creation of a Future City, AI City, rejuvenation of Musi river, the release said.

China won the women's team event in table tennis at the Paris Games on Saturday for the country's 300th gold medal in Olympic history. China beat Japan 3-0 in the final for its fifth consecutive gold in the women's team event, a feat that the men had also achieved on Friday. «Each of us went all out today and played every position well,» No. 1-ranked Sun Yingsha said. South Korea took the bronze with a 3-0 win over Germany, its first medal in the team event since the Beijing Games in 2008.

Here is the list of award money athletes get for finishing on the podium in Olympics. Hong Kong and Singapore top the list for the highest cash payouts for Olympic victories.

As per market trackers Counterpoint Research and IDC, four Chinese brands-Xiaomi, Vivo, Realme and Oppo-are ranked in the top five for smartphones. The only one not from that country is South Korea's Samsung. Industry executives estimate this will translate into combined sales of almost Rs 90,000-95,000 crore. China's Xiaomi was examined by Indian government agencies over alleged foreign exchange violations in 2022, which coincided with a large proportion of its top leadership changing. The company ceded its No. 1 spot in the December quarter of 2022 to Samsung, eventually sliding to fourth. But by the June quarter this year, Xiaomi was back at the top on the back of an aggressive expansion in offline retail. Vivo is another Chinese company that has faced investigations over allegations of tax violations and money laundering.

South Korean officials say providing Samsung smartphones to North Korean athletes at the Paris Olympics would violate U.N. Security Council sanctions against the country over its nuclear ambitions

The U.S. Department of Energy is loaning $1.45 billion to support a South Korean company’s bid to build up key parts of the solar supply chain inside the United States

In a setback to the U.S. Securities and Exchange Commission (SEC), a federal judge on Wednesday ordered Ripple Labs to pay a little over $125 million civil penalty in its ongoing legal battle with the regulator.The SEC initially sought a nearly $2 billion penalty, while Ripple pushed for the fine to be capped at $10 million.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

The South Korean crypto exchange GOPAX could lose its right to offer fiat-coin parings, a report claimed on August 7.

South Korea could rupture its U.S. alliance and shock financial markets if it started building nuclear weapons, Defence Minister Shin Won-sik told Reuters, dismissing renewed domestic calls for the country's own arsenal to deter North Korea. As the neighbouring North rapidly expands nuclear and missile capabilities, more South Korean officials and members of President Yoon Suk Yeol's conservative ruling party have called in recent months for developing nuclear weapons. The prospect of another term for former U.S. President Donald Trump, who complained about the cost of the U.S. military presence in South Korea and launched unprecedented talks with the North, has further fuelled the debate.

global equity markets saw a relief rally following the Bank of Japan's assurance that it will not increase interest rates when the markets are unstable. NSE's Nifty rose 304.95 points, or 1.27%, to close at 24,297, whereas BSE's Sensex rose 874.94 points, or 1.11%, to end at 79,468.

Asian equity markets Thursday, extending the volatile trading of the past week as investors digest signals from central banks on the path ahead for interest rates. The Topix Index opened lower alongside benchmarks in Australia and South Korea. US futures also fell in early Asian trading Thursday after the S&P 500 and Nasdaq 100 dropped on Wednesday. The yen rose, having dropped 1.6% on Wednesday.

A South Korean court has ordered Dumamu, the operator of the crypto exchange Upbit, to compensate a customer for delaying a LUNC transfer just before the Terra ecosystem crash.

Seoul’s Gangnam District says it will probe almost 2,000 residents to check if they have crypto holdings as part of a crackdown on tax evasion.

The premier Web3 conference KBW2024: IMPACT is set to host over 10,000 attendees from 3-4 September 2024

Mint in an exclusive interview that the company sees India as a crucial market. “Globally, India is already the fourth- or fifth-highest contributing market for Krafton. In the future, India has the potential to become the biggest market for Krafton thanks to its unique position of the sheer size of the market, as well as an increasing amount of interest in e-sports in the country," he said on Tuesday.

South Korean prosecutors are set to try a crypto market maker they think masterminded a $59.6 million altcoin-themed “scam coin” fraud.

South Korean regulators are investigating value fluctuations of the altcoin AVAIL on Bithumb last month “on suspicion of price manipulation.”

Nearly everything on Wall Street tumbled as fear about a slowing U.S. economy worsened and set off another sell-off for financial markets around the world

Mint looks at the reasons behind the global ‘stockocalypse’: Global markets were in a sea of red, led by Japan, where the benchmark Nikkei tumbled 12.40%, marking its largest one-day fall since ‘Black Monday’ in October 1987. The broader Topix index crashed 12.48%. Such was the intensity of the selloff that circuit breakers temporarily halted trading of futures for the Topix as well as the Nikkei 225.