South Korea Financial News

14.05 / 03:37

security Bithumb Bill Experts cover shock South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds

South Koreans who received airdrop tokens and prizes from the Bithumb crypto exchange from 2018 to 2021 could face unexpected tax bills.

14.05 / 02:49

markets DOW GameStop Nikkei Trade Koss recommendations Indian stock market: 7 key things that changed for market overnight - Gift Nifty, India inflation to GameStop rally

Sensex gained 111.66 points, or 0.15%, to close at 72,776.13, while the Nifty 50 settled 48.85 points, or 0.22%, higher at 22,104.05. “The positive takeaway was that Nifty ended above the psychological 22,100 mark, aided by sluggish WTI oil prices and investors reinforcing bets for Federal Reserve’s September interest rate cuts. While mixed global cues hardly enthused local investors, concerns over strong FII selling in the month so far along with caution in the poll season kept the upside limited with investors also trading with caution ahead of the inflation announcement," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

13.05 / 08:23

Cybersecurity North Korean Hackers Kimsuky Deployed Malware Targeting Crypto Firms: Kaspersky

North Korea’s notorious Kimsuky hacking group, also known as APT43, has been reportedly launching cyberattacks on two South Korean crypto firms using a previously undocumented Golang-based malware named – Durian.

13.05 / 08:23

Citi Action security Trade Anti-money laundering Investigations Chinese Police Arrest Six Suspects in $300 Million Cryptocurrency Money Laundering Case

The Public Security Bureau of Panshi City in Jilin Province has cracked down on an illegal operation involving underground banks and virtual currencies.

13.05 / 02:13

markets UPS Reuters Election Trade President Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US consumer sentiment to China CPI

Read here: Week Ahead: Inflation data, Q4 Results, FII activity, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended higher, but lost over 2% each for the week, with heavy selling seen in broader markets. The Sensex gained 260.30 points, or 0.36%, to close at 72,664.47, while the Nifty 50 settled 97.70 points, or 0.44%, higher at 22,055.20. “Heavy FII selling, and concerns over the outcome of ongoing general elections added to the overall pressure in the markets.

12.05 / 11:25

Target Parke Research President Schools South Korea prepares support package worth over $7 billion for chip industry

South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a «war» in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain.

12.05 / 08:21

Booking wellness country reports travelers Destinations Spurned by Schengen, Indians are being swayed by the lure of liberal visas

NEW DELHI : Radihika Khanijo is busy planning vacations this summer for a few uber wealthy clients to a destination that hadn’t been on her luxury travel firm’s radar ever before: South Korea. The Asian country is suddenly on the map of Indian travellers, says the founder of Welgrow Travel, and part of the reason is its easy visa process. “South Korea is seeing a big rise in travel demand from discerning travellers.

12.05 / 05:15

UPS President love reports ‘South Korean President Kim Jong Un…’ 81-year-old Joe Biden's latest verbal mix-up generates concerns over mental acuity

Joe Biden has made another verbal gaffe during a recent campaign reception in Portola Valley, California, ANI reported. Biden, made an error in referring to North Korean leader Kim Jong Un as the 'President of South Korea', as per the New York Post. Biden's slip-up occurred while criticising his 2024 opponent and Republican candidate, and former President Donald Trump, for his rapport with the North Korean leader.

11.05 / 18:17

Election President love stage country reports Biden's another OOPS moment: US President gives new title to North Korean dictator Kim Jong Un

North Korea may be a little irked with President Biden as he, during the Presidential campaign reception in California, wrongly identified Kim Jong Un's nationality and country of leadership, according to an NY Post report.

11.05 / 08:59

security Celebrity Olympics 2020 archery India on course for maiden Olympic medal in archery, says coach Kim Hyung Tak

India have never won an Olympic medal in archery, but celebrated coach Kim Hyung Tak will not be surprised if they break the duck in Paris. Between 2004 and 2020, India's men's, women's and mixed teams made the quarter-finals six times but could not secure a podium finish. Only Dhiraj Bommadevara has won a quota place for India in archery for the Paris Games, while the recurve archers are chasing a team quota in a qualification tournament in Turkey next month.

11.05 / 01:51

UPS Target show testing Updates Pyongyang to deploy new multiple rocket launcher this year: KCNA

North Korea will equip its military with a new 240mm multiple rocket launcher starting this year, state media said Saturday, adding a «significant change» for the army's artillery combat capabilities was under way. Leader Kim Jong Un on Friday oversaw a live-fire test of the «technically updated» rocket system, Pyongyang's official Korean Central News Agency said. The announcement comes as analysts say the nuclear-armed North could be testing and ramping up production of artillery and cruise missiles before sending them to Russia for use in Ukraine.

11.05 / 00:22

markets security President information reports politician South Korea stresses need for fair treatment for Line chat app operator Naver

South Korea has vowed to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line, to reduce its dependence on Naver, the Korean partner in the venture

10.05 / 15:23

MET wellness Novavax Trade rights Vaccines Novavax soars 146% on $1.2 billion Sanofi vaccine licensing deal

Novavax Inc. shares surged after the company signed a $1.2 billion licensing agreement with Sanofi that includes commercializing a combined Covid-19 and flu shot. Novavax will receive $500 million in upfront payments as well as a further $700 million if all development, regulatory and launch milestones are met, according to a statement Friday. Novavax, which will receive tiered royalties on any vaccine sales, said Sanofi is also taking a minority equity stake of about 5% in the US company.

10.05 / 02:33

markets Reuters DOW Boeing Trade track recommendations jobless claims Indian stock market: 7 key things that changed for market overnight - Gift Nifty, BoE policy to US jobless claims

Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded higher on Friday tracking overnight gains on Wall Street amid renewed rate cut hopes. Japan’s Nikkei 225 rallied 1.52%, while the Topix gained 1.22%.

09.05 / 21:59

markets UPS Boxing DISH Bitcoin South Korean Mart Dishes Up Bitcoin-Themed Meal Packs with Crypto Exchange Bithumb

A South Korean convenience store chain, Emart24, is teaming up with the popular cryptocurrency exchange Bithumb to offer Bitcoin Meal packs. These unique meal boxes will provide customers with an opportunity to win small amounts of Bitcoin, adding a crypto twist to their lunch break.

09.05 / 21:53

Election pandemic show country reports Data recap: Tech talent, drug quality checks, gherkin exports, MF deals and more

Mint in the week gone by. The revenue contributed by an average employee at top software services companies has been consistently falling ever since the covid-19 pandemic ended, with increased hiring and plateauing revenue. And the popularity of Indian gherkins is growing globally owing to its many health benefits.

09.05 / 04:49

markets Ripple XRP CEO reports Courts Illegal XRP Exchange Operator Jailed for Eight Years in South Korea

An illegal XRP exchange operator has been sentenced to jail for eight years in South Korea after duping investors out of almost $3.4 million.

09.05 / 02:45

markets DOW Election Research Trade track recommendations Indian stock market: 6 key things that changed for market overnight - Gift Nifty, rise in US bond yields to oil prices

Sensex fell 45.46 points, or 0.06%, to close at 73,466.39, while the Nifty 50 settled flat at 22,302.50. “Consistent selling by FIIs, a mixed set of Q4 results, and lower turnout in the election kept investors wary. We expect the market to consolidate in a broader range amid nervousness surrounding the ongoing Lok Sabha election," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

08.05 / 13:33

markets Racing Entertainment Software Hyundai Features International To survive in China, global automakers tap local tech giants

Toyota, Hyundai, Mercedes-Benz and a host of other global automakers are increasingly turning to Chinese tech giants in a bid to claw back market share in one of the world’s largest—and fastest-changing—auto markets. In recent days, South Korea’s Hyundai Motor and Kia have unveiled plans to work with Chinese internet giant Baidu on mapping and artificial-intelligence technologies for auto-driving and vehicle software systems in China, while Nissan Motor said it would partner with Baidu on AI and Toyota has tapped gaming giant Tencent for help on AI models, cloud services and big data.

08.05 / 13:33

UPS Provident Manufacturing Align Trade guidelines South Korea plans $7 billion push to pivot EV battery industry away from China

South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade guidelines. The Ministry of Trade, Industry and Energy in Seoul said Wednesday that it will provide 9.700 trillion won ($7.14 billion) in state financing to the local EV-battery industry this year to build up the country’s supply chain to continue to benefit from U.S.

08.05 / 13:05

Google Opinion country reports inequality Nearly 75% of Indians believe that global corporations are a threat to democracy: Report

Democracy Perception Index revealed a striking sentiment among Indians, with nearly 75% expressing concern that global corporations pose a threat to democracy. As per the survey findings, after economic inequality and corruption, global corporations are viewed as the third most significant threat to democracy. The US also stands out as among the countries with the highest levels of the perceived threat from global corporations. India is also ranked top among countries fearing that big tech companies like Google, Amazon and Meta threaten democracy.

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