South Korea Financial News

Global shares are rising despite worries about the economic outlook and inflation in the U.S. and globally

₹41 lakh) to a romance scam after being deceived by a deepfake video featuring Tesla CEO Elon Musk, according to local media reports. According to a report by KBS, Jeong Ji-sun felt like "a dream come true" when she began chatting with someone on Instagram who claimed to be Musk. “I experienced something like a dream last year," she told the broadcaster.

Sam Pitroda sparked discussions on social media and generated increased interest in the concept of inheritance tax, both on social media and in Google searches. Unlike some countries like South Korea, America, and the UK, India currently does not have a system of inheritance tax in place, having abolished the Inheritance or Estate Tax back in 1985. Amid the controversy surrounding inheritance tax, an old video of Zerodha founder Nikhil Kamath, who is also India's youngest billionaire, has also gained traction on social media. In the video, Kamath voiced his support for the implementation of an inheritance tax in India, arguing that it could serve as a means of redistributing wealth across generations. He pointed out that in a country where only a small percentage of the population pays income tax, such a tax could broaden the tax base, providing the government with additional resources for reforms and infrastructure development. “When wealth transfers from one generation to another, there has to be a filter so that a part of it can be redistributed. There is plenty of precedence to inheritance tax," Kamath said.

A South Korean prosecutor was jailed for leaking sensitive information in a high-profile crypto fraud case, domestic media outlets reported on April 25.

Spicy, steaming, slurpy, ramen might be everyone’s favorite Japanese food

BTS’s Namjoon is all set for a grand comeback! The ‘Winter Flower’ hitmaker has announced his second solo album ‘Right Place, Wrong Person’. The album will be released on May 24th. The album will contain no less than 11 songs, which will be composed by the talented rapper-singer himself! According to a statement shared by BTS agency Bighit Entertainment, the album will explore the emotions of being a misfit in society, of being the eternal outsider. RM completed the writing and recording of the project before commencing his mandatory military service in South Korea.

Upbit, a Seoul-based exchange located in the upscale Gangnam district, has captured  the majority  of the Korean crypto market.

lithium processing, said four sources familiar with the matter, to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China. India's Ministry of Mines began discussions with Australia and the United States last year, said the four sources, two from India's government and two industry participants. The Indian government and some private companies have also sought help from Bolivia, Britain, Japan, and South Korea, said the sources, who did not wish to be identified as the discussions were not public. Executives from Russia's TENEX, part of state-owned nuclear energy company Rosatom, approached the Indian government and have held at least two meetings with Indian officials this year, offering lithium processing technology and the possibility of collaborating with Indian companies, said one of the sources, a senior government official with direct knowledge of the plans.

Since the fourth Bitcoin halving took place resulting in Bitcoin issuance dropping from 900 to 450 per day miners have seen daily revenue hit a record high of over $100 million, said CryptoQuant the on-chain data analytics firm based in South Korea.

'inheritance tax' in India, an old video featuring Nikhil Kamath, co-founder of Zerodha, where he is discussing the issue with Mint, has surfaced. In the video, Kamath expresses his support for inheritance tax in India. “When wealth is passed down from one generation to another, there needs to be a mechanism in place to redistribute a portion of it.

The South Korean city of Busan’s plans to launch a city-run, blockchain-powered digital assets exchange may be in peril, a report claimed on April 24.

Sensex gained 114.49 points, or 0.16%, to close at 73,852.94, while the Nifty 50 settled 34.40 points, or 0.15%, higher at 22,402.40. “We expect this bullish momentum to continue in the markets. Further, a sharp decline in India’s VIX amid the start of elections indicates lower market volatility in the near term.

Indian Overseas Congress chairman Sam Pitroda's recent comments on 'inheritance tax' in India have stirred up a debate. There are differing opinions on whether introducing such a tax could lead to fairer wealth distribution. Conversely, some argue that implementing an inheritance tax in India may not be justified, citing various economic and social factors such as its potential impact on family businesses and concerns about double taxation.

The US Securities & Exchange Commission wants to impose a $5.3 billion fine on Terraform Labs Pte. and its co-founder Do Kwon, the inventor of the failed TerraUSD stablecoin. 

Asian shares have opened higher, led by an over 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow of what’s been a rough April

US chipmaker Nvidia has partnered with Vietnamese IT company FPT to set up a $200 million artificial intelligence (AI) factory in Vietnam. The collaboration, announced on April 23, will lead to the creation of a hub for AI and cloud computing services in the Asian country.

South Korean police have arrested 49 people in a raid on a suspected crypto-powered drugs trading gang, officers announced on April 23.

Sensex gained 89.83 points, or 0.12%, to close at 73,738.45, while the Nifty 50 settled 31.60 points, or 0.14%, higher at 22,368.00. “The domestic market exhibited range-bound performance, tracking positive global cues with sustained outperformance of the broader market. While tensions between Iran and Israel were perceived to have limited escalation, the uptick in crude prices suggests investors’ reassessing the risks.

₹18,100 crore. However, after initial allocation of the 50 GWh capacity, one of the selected applicants in the first round, Hyundai Global withdrew as the South Korean automobile major Hyundai Motor Company and its Indian arm Hyundai Motor India Ltd (HMIL) clarified that they had nothing to do with the company.

The lawmaker at the center of South Korea’s “Coin Gate” scandal is set to return to the Democratic Party, the National Assembly’s biggest political party.

Sensex rallied 599.34 points, or 0.83%, to close at 73,088.33, while the Nifty 50 settled 151.15 points, or 0.69%, higher at 22,147.00. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 22 “Markets are likely to see volatility in a broader range on the back of divergent cues. On the negative side flare-up in geo-political tension in the Middle East, hawkish US Fed comments, and FIIs selling are making investors restless.