South Korea Financial News

South Korean investors are left waiting for spot cryptocurrency ETFs to become a reality despite the US Securities and Exchange Commission’s (SEC) recent approval of funds linked to the price of Ethereum.

₹2,000 crore to set up a printed circuit board (PCB) manufacturing facility in the country, according to two people aware of the development.The likely investment follows its acquisition of a majority stake in Ascent Circuits, a printed circuit board assembly maker, as the group undertakes backward integration towards becoming a full-fledged electronics manufacturing services provider.“The investment is expected to take place within the next few months," said one of the persons cited above, asking not to be named. Queries sent to Amber Enterprises remained unanswered till press time.Amber Enterprises, which is transitioning from being primarily a residential air-conditioning manufacturer into a diversified business-to-business electronics goods maker, will ramp up backward integration, aided by its pact with South Korean firm Korea Circuit that has long been producing printed circuit boards.

Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation. Purchasing managers index data from S&P Global showed improvements in industrial powerhouses like South Korea and China midway through the second quarter. “Asia’s manufacturing recovery looks to be firming by the month," said Maybank economist Erica Tay.

Read here: Week Ahead: Exit polls, Lok Sabha election results, RBI Policy, auto sales, among key market triggers this weekOn Friday, the Indian stock market ended with minor gains, snapping the five-day losing streak, led by gains in key heavyweights.The Sensex gained 75.71 points, or 0.10%, to close at 73,961.31, while the Nifty 50 ended 42.05 points, or 0.19%, higher at 22,530.70.“Exit polls results which indicate a clear victory for the NDA with around 360 seats completely removes the so-called election jitters which have been weighing on markets in May. This comes as a shot in the arm for the bulls who will trigger a big rally in the market on Monday.

North Korea with "unbearable" retaliatory steps over its balloon activities and other recent provocations.Observers say South Korea will likely restart front-line loudspeaker broadcasts into North Korea that include criticism of its abysmal human rights situation, world news and K-pop songs. North Korea is extremely sensitive to such broadcasts because most of its 26 million people have no official access to foreign TV and radio programs.It wasn’t immediately unclear if South Korea would move ahead with its punitive measures following North Korea’s suspension of balloon launches.On Sunday night, Kim Kang Il, a North Korean vice defense minister, said that the North will temporarily suspend its balloon activities.

reassuring, but external debt is only one part of our external liabilities. For a full picture of what India owes to foreigners, it is more useful to track India’s international investment position (IIP), which shows the stock of international financial assets and liabilities at a point in time. On the assets side, IIP includes all foreign financial assets that Indians own, including international reserves held by the central bank.

North Korea sent some 600 balloons carrying trash into South Korea overnight, Seoul said on Sunday, in Pyongyang's latest move to rile its rival neighbour.

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 | Lok Sabha Elections 2024: What should retail investors do after results on June 4? Experts suggest thisThe jump in activity for blocks and placements is even more outstanding.

SEOUL—China’s panda diplomacy isn’t looking so cuddly all of a sudden. Beijing is accused of mistreating Fu Bao, a recently returned female panda from South Korea. The 4-year-old panda has a following in South Korea akin to a pop star, with merchandise, online fan groups and even birthday billboards.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 31On Thursday, the Indian stock market benchmark indices suffered heavy selloff amid the monthly F&O expiry and ended nearly a percent lower each, extending losses for the fifth session in a row.The Sensex plunged 617.30 points, or 0.83%, to close at 73,885.60, while the Nifty 50 settled 216.05 points, or 0.95%, lower at 22,488.65.“Nervousness ahead of the exit poll and weak global cues continue to dent sentiments. Global markets remained under pressure due to rising bond yields and denting hopes of rate cut.

North Korea took responsibility for sending hundreds of balloons filled with feces and trash over its border with South Korea.South Korea’s Joint Chiefs of Staff said about 260 North Korean balloons have been found all over the country as of Wednesday afternoon. Chemical and explosive response teams have been sent out to recover the balloons and debris.Photos released by the military show some still-intact white balloons with trash bags attached to them while others show scattered pieces of plastic and paper on city streets.

North Korea on Thursday fired a barrage of suspected ballistic missiles toward its eastern sea, according to South Korea's military, days after its attempt to launch a military reconnaissance satellite ended in failure but still drew strong condemnation from its rivals. South Korea's Joint Chiefs of Staff said it detected the North firing around 10 projectiles that appeared to be short-range ballistic missiles from an area near its capital, Pyongyang. It said the suspected missiles flew around 350 kilometers (217 miles) before landing in waters off the North's eastern coast. It said the South Korean military has increased surveillance and vigilance and is closely sharing information with the United States and Japan. Japan's coast guard issued a maritime safety advisory over the North Korean launches and urged ships to exercise caution if they find any fallen objects. Japan's Prime Minister Fumio Kishida told reporters that the suspected missiles were believed to have landed in waters outside of Japan's exclusive economic zone and there were no immediate reports of damages. He said Tokyo «strongly condemns» the launches, which are in violation of U.N. Security Council resolutions against the North.

North Korea fired a salvo of short-range ballistic missiles early Thursday, Seoul's military said, hours after Pyongyang sent hundreds of trash-filled balloons across the border to punish South Korea. The launch follows a failed attempt by the nuclear-armed North to put a second spy satellite into orbit on Monday, shortly after Seoul, Beijing and Tokyo held a rare summit and called for Pyongyang to give up their nukes. Kim Jong Un's powerful sister on Thursday referred to the balloon barrage, which reportedly contained animal faeces, as «sincere presents» for the South in a statement, saying they were justified retaliation for anti-Kim propaganda sent northwards by activists.

Sensex declined 667.55 points, or 0.89%, to close at 74,502.90, while the Nifty 50 settled 183.45 points, or 0.8%, lower at 22,704.70.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 30“Though FII selling intensity has reduced, the caution is increasing as we near the big event outcome which is resulting in profit booking. The volatility is expected to be heightened in coming sessions, thus it is advisable to traders to stay on the sidelines and not get too aggressive.

Dune Prophecy has generated curiosity after the success and popularity of 'Dune' and «Dune: Part Two». The movies were released in 2021 and 2024. However, first time we witness 'Dune' in 1984. Now HBO Max is bring the new show «Dune Prophecy». HBO Max show will have six episodes is slated to be released in Fall of 2024. Dune Prophecy is based on "Sisterhood of Dune", a book authored by Brian Herbert. The show delves into In a bold quest to combat the looming threats against humanity, two Harkonnen sisters set out on an epic journey, their determination and prowess laying the foundation for the formation of the powerful sect known as the Bene Gesserit.

North Korea flew hundreds of trash-carrying balloons toward South Korea in one of its most bizarre provocations against its rival in years, prompting the South's military to mobilise chemical and explosive response teams to recover objects and debris in different parts of the country. The ballooning campaign came as North Korean leader Kim Jong Un urged his military scientists to overcome a failed satellite launch and continue developing space-based reconnaissance capabilities, which he described as crucial for countering U.S. and South Korean military activities, state media said Wednesday. In his first public comments about the launch failure, Kim also warned of unspecified «stern» action against South Korea over an exercise involving 20 fighter jets near the inter-Korean border hours before North Korea's failed launch on Monday. In a speech Tuesday, Kim called the South Korean response «hysterical insanity» and «a very dangerous provocation that cannot be ignored,» the North's official Korean Central News Agency said Wednesday.

Sensex declined 220.05 points, or 0.29%, to close at 75,170.45, while the Nifty 50 settled 44.30 points, or 0.19%, lower at 22,888.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 29“We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded mixed on Wednesday tracking a similar trend overnight on Wall Street.Japan’s Nikkei 225 gained 0.18%, while the Topix was flat. South Korea’s Kospi declined 0.26% and the Kosdaq dropped 0.44%.

Financial authorities in South Korea are prohibiting universities from opening corporate accounts for coin transactions. This is resulting in their inability to convert cryptocurrency donations provided by certain crypto businesses into cash.

Shares have advanced in Europe and Asia ahead of Monday's Memorial Day holiday in the United States

Sensex eased 19.89 points, or 0.03%, to close at 75,390.50, while the Nifty 50 settled 24.65 points, or 0.11%, lower at 22,932.45.“Amidst the celebration, there looms a question regarding the sustainability of this bullish trend. The previous day unfolded with cautious trading, anticipating heightened volatility in the near term.

Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed.