South Korea Financial News

South Korean prosecutors have submitted evidence suggesting Terraform Labs co-founder Do Kwon and former Chai CEO Hyun-seong Shin may have planned to deceive investors from the outset.

The year 2024 is notable for the large number of elections being held—in well over 60 countries, representing nearly half of the world’s population. Of course, there are myriad systems and we are only halfway through the year, but as a generalization, it is turning out to be a year of strong majorities for presidential forms of government and coalitions for parliamentary democracies. Indonesia and Mexico returned strong majorities for their presidential winners, with Mexico electing its first ever woman to its top office.

bringing down costs, Gates said they've "gone back to the basics", stating: "We've been willing to go back to the basics and do what people have always said should be done, which is to cool the plant with metal instead of water. And that means that this problem of high pressure and extra heat when you shut down is completely solved. And so the complexity, that's meant that nuclear has gotten more complex and more expensive.

Samsung’s next major Unpacked event is all but confirmed for July 10. At the event, which will tentatively be hosted in Paris, Samsung is widely expected to take the wraps off the Galaxy Z Fold 6, Galaxy Z Flip 6, few smartwatches and earphones possibly, while also announcing the full details of its maiden Galaxy Ring. 

market is likely to see a renewed wave of IPO rush in the next three to four months with the general elections out the way. Data and multiple reports suggest that over 30 companies are ready to hit the market in the few months, aiming to raise over Rs 50,000 crore. Analysts said there are as many as 24 companies planning to launch IPOs worth Rs 30,000 crore.

South Korean scientists are developing a novel rice variety infused with protein cells, aiming to provide a more ethical source of protein. Named "meaty rice," this innovative type of rice has a slight buttery aroma, resembles regular rice but with a pink hue. The scientists have confirmed that no animals were harmed in the process, as the rice is embedded with beef muscle and fat cell culture.

South Korean crypto exchanges could delist “hundreds of altcoins” this year, with financial authorities ready to step up their policing of the sector.

₹1.5 trillion, the asking P-E is 25.6," said Aditya Kondawar, partner, Complete Circle Capital, a wealth management firm. “The IPO will be critical for both investors and the company, since India is Hyundai’s third-largest revenue generator after the US and South Korea," Kondawar added. Hyundai Motor’s IPO, the largest in India after Life Insurance Corporation of India’s ₹20,000 crore-plus share sale in 2022, will be the country’s first automobile IPO in two decades.

DreamWorks movie, 'Trolls Band Together,' based on the classic toy franchise, will be available on Netflix US from July 2024, a What’s on Netflix report said. This follows its theatrical release in late 2023.

World War 3 begin next week? A week after observing the 80th anniversary of D-Day when the Allied forces had landed at Normandy in World War 2, will another internecine war erupt soon? This question looms over world leaders, defense experts, historians as well as astrologers. All eyes are set on Indian astronomer Kushal Kumar, who predicted the beginning of Word War 3 on June 18, 2024. Dubbed as 'new Nostradamus', he told the 'Daily Star', «NOW, Tuesday, 18 June 2024 has the strongest planetary stimulus to trigger WW3.» Earlier, he predicted the death of Iranian President Ebrahim Raisi, who died in a helicopter crash last month. In a post on 'The Medium', Kumar, cited a recent terror attack on Hindu pilgrims in the Indian administered state of Kashmir. He has also talked about the shots fired at the Demilitarized Zone between North and South Korea. The 'new Nostradamus' has also talked about the escalation of tension and conflict between Israel and the Islamist militant organization Hezbollah, after the Lebanon-based outfit fired rockets at the Jewish state.

Asian shares are mixed after Wall Street’s continued frenzy around artificial-intelligence technology nudged indexes on Wall Street to more records

₹8,14,200 on Samsung Display, its two directors, company secretary and a former official for violating Indian laws on significant beneficial ownership. The fine must be paid in 90 days. The parties have 60 days to appeal against the order before the corporate affairs ministry’s regional director.

Sensex gained 204.33 points, or 0.27%, to close at 76,810.90, while the Nifty 50 settled 75.95 points, or 0.33%, higher at 23,398.90.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 14“Nifty made another new high at opening on June 13, gave up some of these gains and remained rangebound through the day. The fact that the Nifty keeps making new highs every day is assuring, but it is not able to hold on to the entire gains.

‘Kalki 2898 AD’, the much-awaited Prabhas-Deepika Padukone-starrer has run into trouble even before its theatrical release. The trailer has ignited the audience’s curiosity and intrigue about the post-apocalyptic world which is awaiting the birth of Kalki, a messiah-like figure in the Hindu scriptures. However, the makers have come under criticism for plagiarising the work of a South Korean artist named Sung Choi. Choi took to Instagram and shared one of his artworks along with a screenshot of the beginning of the trailer which showcases a city torn apart by war. The image bears an unmistakable resemblance to one of his artworks. Sharing the post, he wrote, «Unauthorized use of the artwork is a bad practice. This makes me question doing art in this lawless environment. @Kalki2898AD @VyjayanthiFilms #kalki2898ad.”

Japan has launched a new ETF on Nifty50, which will be an addition to the four passive funds that track the headline index, NSE CEO Ashish Chauhan said on Thursday. “Happy to share that Blackrock Japan has launched an ETF on Nifty 50 in the month of June 2024. In the current Financial year, already four new passive funds tracking Nifty indices launched in international markets (3 in Japan and 1 in South Korea),” Chauhan said. In 2023, seven passive funds were launched in Japan and South Korea which tracked Nifty indices. Six of these seven passive funds tracked Nifty 50, while one tracked the Nifty50 2x leverage index.

Several South Korean retailers including Lotte and Hyundai are shutting down their non-fungible token (NFT) operations “one after the other” in a major blow to the sector.

Food authorities in Denmark have recalled three types of spicy instant noodle products imported from South Korea over possible risks for “acute poisoning.”

Sensex gained 149.98 points, or 0.20%, to close at 76,606.57, while the Nifty 50 settled 58.10 points, or 0.25%, higher at 23,322.95.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 13“Nifty is witnessing consolidation for the past three days in absence of fresh domestic triggers while cautiously awaiting US CPI and US Fed policy outcome. Market is likely to consolidate in the near term with a positive bias," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key domestic and global market cues for Sensex today:Asian markets traded higher on Thursday following overnight gains on Wall Street after the US Fed interest rate decision.Japan’s Nikkei 225 rose 0.56%, while the Topix was flat.

Danish authorities have issued a recall for several spicy ramen noodle products from South Korean company Samyang due to safety concerns. Reports indicate that these noodles contain dangerously high levels of capsaicin, a compound found in chili peppers. This move comes amidst a growing trend in the popularity of Korean noodles, raising concerns about their safety for consumption.

Shares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates

A worker at the South Korean bank Woori has admitted to stealing some $7.3 million worth of company funds to spend on crypto investments.