South Korea Financial News

05.08 / 06:04

markets UPS Citi Platform Tax Bill South Korea’s Ansan Says It Will Confiscate Crypto from Tax Dodgers

The South Korean city of Ansan has announced that it will confiscate crypto from tax dodgers who fail to pay local levies.

04.08 / 02:20

UPS Provident President country reports isolate North Korea says Russia's Vladimir Putin offered humanitarian aid over flood damage

Putin has offered humanitarian aid to North Korea, which has been hit by heavy rainfalls and floods, Pyongyang's state media KCNA said on Sunday. Relations between the two countries have grown closer, and Putin made the offer in a message to North Korean leader Kim Jong Un delivered on Saturday via the Russian embassy in Pyongyang. The Russian leader's message expressed sympathy and support. Putin displayed «his willingness to provide immediate humanitarian support for the recovery from the flood damage,» KCNA said.

03.08 / 11:18

Actor social pop stars reports rights Relationships Have South Korean ‘it couple’ IU & Lee Jong Suk parted ways? Viral post triggers hot debate among fans

South Korea called it quits? Rumours of pop diva IU and her actor boyfriend Lee Jong Suk heading for Splitsvilla spread like wildfire after a post speculated that the pair had parted ways. The speculation was largely fuelled by the fact that both the ‘Pinocchio’ star and the ‘Good Day’ hitmaker had not appeared together in public for a long while. Despite the post suggesting that whispers of a potential breakup had been circulating, fans remain confident that the couple is «still going strong.» The Pinocchio star and the Korean soloist have been publicly dating for almost a year.

02.08 / 16:32

security Fallout show performer reports rights Have the Olympic Games been compromised? Here are some Olympics controversy that show fallouts in Paris

Paris Olympics 2024 has become a news fest, riddled with major controversies and incidents that have started off, right from the point athletes stepped into the Olympic Village, followed by the opening ceremony, and now some more issues around respective events at the Olympics, that may have some eyebrow-raising rules and regulations.

02.08 / 03:35

markets Manufacturing economy MSCI show track electronic Asian stocks Asian stocks slump most since 2022 as Japan selloff deepens

Asian stocks tumbled as sentiment was hit by a triple whammy of a Japan selloff, a global tech rout and weakness in the US economy. The MSCI Asia Pacific Index dropped as much as 2.8%, the most since June 2022, with Taiwan Semiconductor Manufacturing Co. and Tokyo Electron Ltd. among the biggest drags. Japan’s Topix Index headed for a technical correction, while benchmarks in the tech-heavy markets of South Korea and Taiwan fell about 3%.

01.08 / 22:03

markets FIVE Digital country Department prevention Courts Montenegro court approves extradition of cryptocurrency mogul Do Kwon to native South Korea

A Montenegrin appeals court has upheld a ruling by a lower court to hand over a South Korean mogul known as “the cryptocurrency king” to his native country

01.08 / 20:56

Terraform Terraform Labs Montenegro Court Montenegrin Court Orders Do Kwon’s Extradition to South Korea, Rejects U.S. Appeal

Terraform Labs co-founder Do Kwon is set to be extradited from Montenegro to his native South Korea following a ruling from the Balkan nation’s court of appeals on Thursday, August 1.

01.08 / 09:09

Upbit Bithumb Top South Korean Crypto Exchanges to Pay 300M Won Supervisory Fee

South Korea is preparing to impose a supervisory fee for crypto operators in the country, based on their operating revenue.

01.08 / 08:54

Racing security shooting performer Updates cricket Paris Olympics 2024: Indian shooters lead the medal tally; Swapnil Kusale bags bronze in men's 50m rifle 3 positions shooting

Swapnil Kusale won a bronze in the men's 50m rifle 3 position shooting event, becoming the first Indian to win in this discipline.

01.08 / 07:31

COST UPS Manufacturing Gap economy show reports Is Uttar Pradesh stuck with low women's participation in its labour force?

The state of Uttar Pradesh is deceptively large. Working-age women (20-59 years) in the state—about 57 million in 2021—outnumber the entire population of countries like Canada, Australia, Malaysia, and South Korea. The state has more women aged 20-29 than the combined population of Norway, Finland and Denmark.

31.07 / 18:27

Manufacturing security Strategy economy electronic 2020 International Chinese FDI Pe Charcha: The debate on Chinese investments in India

Economic Survey dropped a political clanger by arguing that getting FDI from China could help India improve its participation in global supply chains through exports. The strategy document notes that many companies have adopted a 'China+1' strategy to reduce reliance on Beijing for advanced electronic items and components. While India may not be an immediate 'beneficiary' of this approach to diversify manufacturing away from China, GoI's PLI scheme, taxation holidays and subsidies have significantly attracted companies to invest in India.

31.07 / 16:13

Gaming Wemade Wemix.fi Suspends Lending Services As Wemade Wins $7M Token Dispute

Wemix.fi, a decentralized finance platform associated with the South Korean blockchain game developer Wemade, has suspended its lending and borrowing services, despite Wemade’s significant legal victory in a $7 million token dispute.

31.07 / 15:36

Bitcoin Etf spot ETF Are Crypto ETFs Dangerous for Financial Markets?

A prominent finance and economics-focused think tank in South Korea has has raised concerns regarding the approval of spot crypto ETFs (exchange-traded funds) in the country.

31.07 / 12:22

markets UPS Provident Diodes electronic reports Samsung posts a 15-fold increase in operating profits in last quarter

Samsung Electronics Co. has reported a 15-fold increase in its operating profit for the second quarter this year

31.07 / 01:25

markets Nikkei Cycling show electronic reports Relationships Japanese Stocks, Bonds Fall Ahead of BOJ Decision: Markets wrap

Japanese stocks dropped and government bond yields rose ahead of a potentially market-moving decision from the nation’s central bank, the highlight of an event-packed day in Asia. Equity benchmarks dropped more than 1% in Japan. Those in South Korea climbed, buoyed by gains in Samsung Electronics Co. after the chipmaker reported its fastest pace of profit growth since 2010. Contracts for Hong Kong were little changed.

30.07 / 12:45

UPS DOW economy Trade reports Stock market today: World shares are mixed ahead of Fed meeting, as Germany's growth stalls

World shares are mixed ahead of key central bank meetings around the world

30.07 / 11:06

UPS Action love shooting performer Manu Bhaker's Next Match: When is India's ace shooter's upcoming big shot in Paris Olympics?

bronze medals at the Paris 2024 Olympics, Manu Bhaker is gearing up for more events. Here's her upcoming schedule for the women's 25m pistol event:

30.07 / 10:31

security love Celebrity stage country Sporting Paris Olympics: "Big news for whole country," Manu Bhaker's father shares joy as shooter scripts history

Manu Bhaker's father, Ramkrishna Bhaker expressed his feelings as her daughter made history on Tuesday when she became the first Indian to win two medals at the same Olympics.

30.07 / 09:07

Dreams Death Instagram love social rapper reports South Korean rapper Ch1tkey passes away at 21 while performing a daredevil stunt

30.07 / 08:15

Racing WhatsApp shooting Paris Olympics: India gets its second bronze, once again from shooting; Manu Bhaker and Sarabjot Singh beat South Korea in mixed 10m air pistol

Manu Bhaker and Sarabjot Singh have scripted history in Paris after beating South Korea's Oh Ye Jin and Lee Wonho in mixed 10m air pistol shooting in a bronze medal game.

29.07 / 14:10

markets Opinion Food Biogen recommendations medicines European committee says Alzheimer's treatment Leqembi shouldn't get marketing approval

Shares of Biogen slid Friday after a European regulatory committee said the Alzheimer’s treatment Leqembi should not receive marketing approval

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