South Korea Financial News

After a slight dip Thursday, bitcoin (BTC) gained roughly 4% in Friday trading and is back above $66,000.

economic weakness overwhelmed the market’s optimism surrounding interest-rate cuts. Shares in Japan, South Korea and Australia dropped. The S&P 500 fell 0.8% Thursday, extending a drop from the prior session and placing the benchmark on track for its largest weekly decline since April.

Mata Hari of her kind, but different in many other ways too. Sue Mi Terry, a native of Seoul South Korea, who now lives in Manhattan, used her position as a respected foreign policy expert and extracted or stole vital information. She spent more than a decade working as a secret South Korean agent and stole many information on many projects. But contrary to Mata Hari, the German spy during World War I, Sue Mi Terry, received luxury handbags, designer duds and meals at Michelin-starred restaurants.

State media say North Korean leader Kim Jong Un has visited a major tourism site being constructed on the country's eastern coast and discussed steps to open the zone by next year

Wireless and fixed-network equipment maker Nokia has reported a double-digit fall in profit and sales in the second quarter due to a continuing weak market as clients are holding off investments in 5G technology

Mint, a spokesperson for Aegis Logistics, said, “Aegis Vopak Terminals Ltd (AVTL) is exploring options to fund future growth for AVTL. These options may include, among others, a potential fund raise by way of public issue, preferential issue, or a combination thereof, of the equity shares and debt for the JV company and as may be decided by the AVTL board in absolute discretion and permitted under applicable laws and regulations." The spokesperson added that the company has not yet made a final decision regarding the IPO, and it is still exploring its future funding options.

South Korean prosecutors have asked a court to issue an arrest warrant for a crypto market maker implicated in an altcoin-related fraud case.

South Korean prosecutors have asked a court to arrest the Hancom CEO Kim Sang-cheol as part of a probe into an alleged crypto “slush fund.”

The Czech government says South Korea’s KHNP has won a lucrative public tender to build at least two nuclear reactors in the Czech Republic as the country tries to become more energy independent and wean itself off fossil fuels

Siddaramaiah on Wednesday said his government's priority is to look after the welfare of Kannadigas as they are not getting jobs in their own land, responding to the criticism over the state's proposed law mandating quotas in jobs for locals in private industries. «We are a pro-Kannada government. We want to help Kannadigas lead a peaceful life with a job in their own land,» he said in a post on microblogging platform X. Within hours after his post, he announced he was putting the bill on hold after the proposed law came under widespread attack. The CM, in a post on X, said the government would revisit the bill after elaborate discussion at the next cabinet meeting. He had called the proposed law a historic effort towards protecting the interests of local Kannadigas and reversing the deprivation of jobs for them.

Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record

The South Korean crypto exchange Upbit is facing scrutiny from a lawmaker concerned that it is turning into a “monopoly.”

LONDON : The attempted assassination of Donald Trump, coming so soon after President Biden’s stumbles during the recent presidential debate, is reinforcing an impression outside the U.S. that the world’s pre-eminent superpower is entering an unusually turbulent and unpredictable period, prompting allies to question its reliability and foes to gloat.

A new South Korean draft law could delay the launch of crypto tax, meaning traders may avoid paying tax on their profits until 2028.

South Korean gaming giant WeMade is planning to divest its shares in Lightscale, a subsidiary focused on blockchain project development, as reported by local media outlet Naver.

Asian stocks were mixed as the US dollar rose after the attempted assassination of Donald Trump reinforced bets that his chances of winning the presidential election have increased. A Bloomberg gauge of the greenback’s strength against major peers climbed 0.2% in Asia while S&P 500 contracts were little changed. US Treasury futures fell, indicating yields will rise when cash trading begins in London. Cash trading of US bonds is closed in Asia due to a holiday in Japan.

Seoul, an official said. The agreement, dubbed as comprehensive economic partnership agreement (CEPA), was operationalised in January 2010. So far, 10 rounds of review talks have been concluded. The Indian team «will visit Seoul from July 17-19» for the next round of review meetings, the official added. «In the 11th round, both the sides would discuss the broad contours for closing the deal,» the official said, adding that Korea is keen to conclude the negotiations this year.

BEIJING — China dominates the supply chain for many of the world's critical minerals, but so far it's held off on sweeping restrictions on at least one: tungsten.

US shares touched a fresh peak as economic data supported the case for Federal Reserve rate cuts. A gauge for equities in the region gained for a fifth straight session as Japan’s Topix hit a record intraday high and shares in South Korea and Australia advanced. The S&P rose 0.5% and the Nasdaq climbed 0.9% to both set new highs Wednesday in a shortened session ahead of a US holiday. Contracts for US equities were steady in early Asian trading.

NATO alliance and friendly countries across the world, in particular those in the Indo-Pacific region, the White House said on Monday, on the eve of the crucial NATO summit here. Leaders from 38 different countries have gathered in Washington for a historic summit to mark the 75th anniversary of the first NATO summit. This includes the leaders of all NATO allies as well as NATO partners, including Ukraine, Japan, New Zealand and the Republic of Korea. «The president has also strongly encouraged greater partnerships between the NATO alliance and friendly nations around the world, particularly in the Indo-Pacific, as you will see. The president knows that the global threats and challenges that we all face, including from authoritarian actors and terrorist organisations, are inextricably linked,» John Kirby, White House National Security Communications Advisor, told reporters at a news conference here. «He has also encouraged our NATO allies to join him in making significant investments in our mutual defence and deterrence capabilities. When the Biden-Harris administration took office, only nine NATO allies were spending at least 2 per cent of their gross domestic product on defence — 2 per cent was the Wales pledge,» he said.

Ahmedabad (Gujarat) [India], July 9: K&R Rail Engineering Ltd, a leading Railway infrastructure company offering services in laying of track, signalling, electrification and telecommunication in the Railway Industry is proud to announce that it has signed a Memorandum of Understanding (MOU) with UNECO Co. Ltd, a South Korea-based company engaged in the manufacture and sale of industrial machineries, to establish a Composite Sleeper Plant in India. With the estimated cost of Rs.