South Korea Financial News

Georgia Gov. Brian Kemp is on his way to South Korea in his sixth overseas trip as governor

Aditya Birla Sun Life Mutual Fund launched one of India’s first global funds from Gift City (registered with the International Financial Services Authority or IFSC) last year. It had its first close in September 2023, raising $33 million, mostly from resident Indians and institutions. 

A South Korean court has jailed two people for crypto-powered drug trafficking, as the nation’s judiciary continues to crack down on Bitcoin and altcoin-fuelled crime.

Canva has released its second annual Visual Economy Report, featuring insights from over 3,700 global business leaders on the impact of visual communication. The company worked with Morning Consult to understand how business leaders are using visual communication tools and the role AI plays in enhancing productivity, creativity, and workflow efficiency. The survey spanned 12 markets, including India, the US, UK, France, Germany, Spain, Brazil, Mexico, Indonesia, Japan, South Korea, and Australia.

With the ‘Virtual Asset User Protection Act‘ set to take effect on July 19, the Financial Services Commission (FSC) has issued new guidelines detailing when non-fungible tokens (NFTs) should be considered virtual assets.

Narendra Modi and his 71 ministers took oath of office and secrecy on Sunday.On Friday, the Indian stock market indices ended at their fresh closing highs, extending gains into the third consecutive session, after the Reserve Bank of India (RBI) kept the repo rate and policy stance unchanged while raising the GDP estimates for FY25 and retaining the inflation target.The Sensex jumped 1,618.85 points, or 2.16%, to close at 76,693.36, while the Nifty 50 settled 468.75 points, or 2.05%, higher at 23,290.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 10“Now hopes have revived that the US Federal Reserve might cut interest rates in the September meet based on recent macro data points. This week, focus will be on allocation of key cabinet portfolios such as Finance, Defense, Roads, Energy, Commerce, and Railways.

South Korean lawmakers may “abolish” a new crypto tax law, six months before it even comes into force.

Asian stocks are mixed after a steady Thursday on Wall Street as markets anticipate the key U.S. jobs data that will be revealed later in the day

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, struggling to pay even the interest on their loans and often just a bad business hit away from dying off for good

World stocks are mixed after a steady day on Wall Street as markets anticipate key U.S. jobs data to be revealed later in the day

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good

Indonesia's parliament on Thursday approved a proposal to accept a South Korean donation of a corvette for its navy, despite concern from its defence committee that the ageing vessel needs about $85 million worth of maintenance.

CocaCola said demand from in-home and out-of-home consumption have skyrocketed in the east, north, and central India.Anticipating a surge, the companies kept inventory ready and are ensuring that the products are available for consumers across retail platforms, including e-commerce."With temperatures soaring across the country, consumers are looking for refreshing and hydrating beverages to beat the heat this summer," a PepsiCo India spokesperson said.The company, which has beverage brands such as 7UP, Nimbooz, Pepsi, Slice, Mountain Dew, Gatorade, and Sting, is ensuring availability of its products during the surge."Further, given the surge in demand, we are ensuring that our products are available across all retail and e-commerce platforms, catering to both in-home and out-of-home demand, making it easier for everyone to stay cool and refreshed during the hottest months of the year," he said.Coca-Cola India said as the summer season reaches its peak, the Indian beverage market has gained significant momentum.The maker of Coke, ThumsUP, Maaza, Sprite, and Minute Maid has been witnessing consistent growth in terms of sales."With a steady rise in demand, we expect to remain bullish in our sparkling, hydration and juice segments, refreshing consumers with our carefully curated beverages for life portfolio," said a Coca-Cola India spokesperson."With a surge in both, in-home and out-of-home consumption, our endeavour is to continue scaling the distribution through traditional as well as newer emerging channels.Havmor Ice Cream -- now part of South Korean confectionery company LOTTE Wellfood Co -- said it has increased production as the demand for the year has surpassed last year's."Last year, we witnessed one of the warmest

Sensex surged 2,303.19 points, or 3.20%, to close at 74,382.24, while the Nifty 50 settled 735.85 points, or 3.36%, higher at 22,620.35.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 6“We expect the market to remain obsessed with government formation exercises, with a keen eye on key cabinet portfolios such as Finance, Defense, Roads, Energy, Commerce, and Railways. With election overhang done, we expect the focus to revert to fundamentals," 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 tracking overnight rally on Wall Street amid increased interest rate cut hopes.Japan’s Nikkei 225 surged 1.12%, while the Topix rose 0.65%.

South Korean police have raided a suspected “fake crypto mining” operation that pretended to offer investors profits from mining Cardano (ADA) and other tokens, officers in Incheon announced on June 3.

Investor sentiment is fragile as Asian markets reach the mid-point of the week, with bubbling angst and political volatility across the emerging world compounding deepening concern over U.S. and global economic growth. Indian assets, in particular, have been on a wild ride this week in response to the country's general election result, a strong safety bid is driving the Japanese yen higher, and regional stocks are now down four out of the last five days.

market for share sales including initial public offerings, and as elections come to a close, a bumper crop of deals is poised to set a record as investors seek to tap the rapid growth in the region’s third-largest economy. About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 5On Tuesday, the Indian stock market suffered a massive selloff after the Lok Sabha election result trends fell short of what the exit polls had predicted, spooking investors.The Sensex crashed 4,389.73 points, or 5.74%, to close at 72,079.05, while the Nifty 50 settled 1,379.40 points, or 5.93%, lower at 21,884.50.“Markets will likely shed the 'Modi premium,' causing a correction in PSU and infra stocks. Once this turbulence stabilizes, attention will shift to the core macro factors affecting India.

South Korea's president says his country will expand development aid to Africa and pursue deeper cooperation with the region of 1.3 billion people on critical minerals and technology

A conservation group says it intends to sue two U.S. agencies, saying they failed to properly assess the environmental impacts of the sprawling electric vehicle plant Hyundai is building in Georgia

North Korea announced it will stop sending balloons carrying trash and manure across the border, hours after South Korea warned its northern neighbour on Sunday that it would unleash “unbearable” retaliatory measures.