South Korea Financial News

Seoul, South Korea, May 8, 2024—CoinNess, one of the largest cryptocurrency investment information providers in Asia, today launched its English service with a Live Feed feature for global audiences. CoinNess’s Live Feed service provides real-time updates for investors in the blockchain and cryptocurrency industry.

Shares of maintenance and repair firm HD Hyundai Marine Solution spiked nearly 50% in their trading debut Wednesday, marking a strong start to South Korea's largest IPO since January 2022.

Four suspected South Korean OTC crypto “thieves” have pleaded guilty to stealing around $735,000 from a crypto buyer in a “bogus” USDT deal.

Also Read: Nifty 50, Sensex today: What to expect in Indian stock market trade on May 8 According to Vinod Nair, Head of Research at Geojit Financial Services, the domestic market kept consolidating in spite of encouraging signals from outside the world. A number of variables, such as premium valuations and the low turnout in the current election, are contributing to profit booking in the home market. Nonetheless, FMCG continued to be the largest sectoral gainer throughout today's trading session, supported by hopes for better volume growth from rural regions thanks to favourable monsoon forecasts.

Thailand has extended its visa exemption program for tourists from India and Taiwan for another six months, allowing these travelers to enter the country without a visa until November 11, 2024. The move aims to attract more foreign visitors to boost Thailand's economy, which relies heavily on tourism. According to a Bloomberg report, Prime Minister Srettha Thavisin announced the extension following a cabinet meeting on Tuesday, indicating that travelers from India and Taiwan can stay for a maximum of 30 days without a visa. This extension comes after the success of the initial waiver implemented last November. Previously, tourists from India and Taiwan were allowed to stay in Thailand for only 15 days under a visa-on-arrival scheme. By extending the exemption, Thailand hopes to encourage longer stays and more frequent visits from these countries.

Stray Kids are really “everywhere, all around the world!” The South Korean boyband made a grand debut at the 2024 Met Gala event. Although South Korean idols such as Blackpink’s Jennie (2023), Rose (2021), and NCT’s Johnny have appeared at the grand fashion event, this is the first time a group has shown up at Met Gala.

Asian markets are mostly higher, although Chinese shares faltered

Markets in Europe and Asia are mostly higher after another day of gains on Wall Street led by technology stocks

Axis Bank Ltd is on a lookout to hire Asian expatriates to help the lender win business from multinational companies.

Mint's request for a comment on the story. With geopolitical and policy uncertainties influencing partnership strategies, Indian companies are opting for technology transfers from China instead of establishing joint ventures.

Sensex gained 17.39 points, or 0.02%, to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. “The surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level, indicating increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

South Korea’s Bithumb crypto exchange may re-appoint its CEO Lee Jae-won, as the trading platform seeks to complete its planned IPO.

NEW DELHI : The popularity of Indian gherkins – pickled baby cucumbers – is growing across Europe, the US, South Korea and Brazil. In Europe, imports have surged in Germany, Spain, the UK, Netherlands, France, Italy and Greece. Exports surged 10% to $218.76 million in 2022-23 from $199.38 million in 2021-22.

BTS’s agency HYBE cannot catch a break! Amid the ongoing feud with Min Hee Jin, the CEO of its sub-label ADOR, the K-pop giant is now entangled in yet scandal — allegations of chart-rigging. According to a Korea JoongAng Daily, the Ministry of Culture, Sports and Tourism has launched an investigation probe against the K-Pop giant to verify whether or not it has engaged in chart manipulation. On Saturday, the culture ministry of South Korea announced that it had received a petition urging an investigation into the alleged chart rigging practices and subsequent blackmailing of the BTS agency back in 2017. The case will now be referred to the Korea Creative Content Agency (Kocca), a state-run institution responsible for overseeing various facets of popular culture in Korea. Kocca will conduct a comprehensive inquiry and seek a response from HYBE. If the allegations are proven to be correct, BTS may lose all honours bestowed on them including the Order Of Culture Merit.

Omicron's JN.1 lineage, is rapidly replacing the previous variant, Eris, in the US, the UK, New Zealand, and South Korea, according to experts. Variants KP.2 and KP 1.1, considered more infectious than previous Omicron variants, are causing concern. However, experts believe the symptoms remain the same. KP.2 has taken over the JN.1 variant in the US. Health authorities note that even though the cases of hospitalization are low, the number of infections is expected to rise as temperatures rise across the country. What is New Covid-19 Variant FLiRT?

Crypto, including Bitcoin, will be excluded from an amended South Korean donations law, government officials announced on May 5.

A top South Korean prosecution official says courts must deliver swifter justice to crypto offenders – with cases currently taking “too long” to process.

Read here: Week Ahead: Q4FY24 Results, FII activity, macro data, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended around a percent lower, dragged by profit booking across sectors as well as losses in heavyweight stocks. The Sensex dropped 732.96 points, or 0.98%, to close at 73,878.15, while the broader Nifty 50 settled 172.35 points, or 0.76%, lower at 22,475.85. “Nifty 50 after marking a new high at 22,794 levels, witnessed profit booking and came under pressure.

Gov. Andy Beshear is predicting that his recent economic development trip to Germany and Switzerland will reap more business investments in Kentucky

The CEO of CF Benchmarks, a subsidiary of cryptocurrency exchange Kraken, predicts that crypto exchange-traded funds (ETFs) in Hong Kong will overcome their lackluster start and accumulate over $1  billion in assets under management (AUM) by the end of 2024.

Sensex crashed 1,126 points or 1.5% to the day's low of 73,627.99, the broader Nifty 50 plunged 289 points, hitting the day's low of 22,358.65. All sectoral indices are trading with cuts. The market capitalisation of BSE-listed companies also dropped by a whopping Rs 4.25 lakh crore.