South Korea Financial News

23.04 / 09:59

markets UPS Tesla Nikkei track country reports Asian stocks Stock market today: Asian stocks track Wall Street gains ahead of earnings reports

Asian benchmarks extend gains after U.S. stocks claw back some of their losses from last week

23.04 / 09:42

markets Target FIVE economy CME Cycling Euro at highest since 2008 on yen, markets nervous about Toyko stepping in

euro on Tuesday, keeping investors on heightened intervention watch ahead of the Bank of Japan's meeting this week, while dovish policy maker chatter left sterling around its softest in months. The euro, which climbed broadly after stronger than expected business activity data in France and Germany, reached 165.62 yen, its highest since 2008.

20.04 / 16:07

Cooper Photos show country testing North Korea tests 'super-large' cruise missile warhead, new anti-aircraft missile Pyoljji-1-2

North Korean state media said the country's missile administration on Friday conducted a “power test" for the warhead designed for the Hwasal-1 Ra-3 strategic cruise missile and a test-launch of the Pyoljji-1-2 anti-aircraft missile. It said the tests attained an unspecified “certain goal." ALSO READ: North Korea scraps economic cooperation with South Korea amidst sharp deterioration in ties Photos released by the North's official Korean Central News Agency showed at least two missiles being fired off launcher trucks at a runway.

20.04 / 08:52

Election Photos show country testing Updates North Korea says it tested 'super-large' cruise missile warhead and new anti-aircraft missile

North Korea said Saturday it tested a «super-large» cruise missile warhead and a new anti-aircraft missile in a western coastal area as it expands military capabilities in the face of deepening tensions with the United States and South Korea.

19.04 / 08:21

markets UPS Nikkei Trade electronic reports Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flare

Asian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights

19.04 / 05:59

markets UPS Nikkei Trade electronic reports Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare

Asian stocks have tumbled, with Japan’s Nikkei slumping 3.5% on heavy selling of semiconductor-related shares and other market heavyweights

19.04 / 05:59

markets COST UPS CEO reports Nokia sees double-digit fall in January-March sales as weak market for 5G technology prevails

Wireless and fixed-network equipment maker Nokia has reported a smaller-than-expected profit and a substantial double-digit fall in sales in the first quarter due to a market weakened by a lack of investment by clients in 5G technology

18.04 / 16:17

Extreme Death Virus reports Department North Korea's bioweapons program, including 'Poison Pens', raises alarm: US Report

anthrax and small pox. The US officials' warning was reported by UK-based The Times in an article titled "Adherence to and Compliance with Arms Control, Nonproliferation and Disarmament Agreements and Commitments". North Korea have remained a coenobite when it comes to foreign reporting.

18.04 / 15:23

Analysis economy Remark Trade show Department recommendations NOT IMF tells Asian central banks not to follow Fed too closely

Asian central banks to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve. Receding expectations for a near-term interest cut by the Fed have fed steady dollar gains that have pushed down some Asian currencies such as the Japanese yen and the South Korean won.

18.04 / 13:41

markets Action economy Fed’s slower pace spreads to emerging markets

Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region.

18.04 / 11:21

markets security Research trends Cycling performer Rupee ends at record closing low, wedges between outflows, higher Asia FX

rupee logged a record closing low against the dollar on Thursday, but ended little changed as it was caught between equity outflows and a recovery in regional peers. The rupee ended at 83.5375, its weakest close on record, compared with its previous close of 83.5350.

18.04 / 06:31

UPS Provident Manufacturing Fastenal country electronic Sterling Tools signs MoU with South Korea’s Yongin Electronics for EV components facility

Sterling Tools Limited, the automotive fastener manufacturer, through its subsidiary, Motor Control Units (MCUs) in India, has signed a Memorandum of Understanding (MoU) with South Korea’s Yongin Electronics Co Ltd, a supplier of components to theHyundai Kia Motor Group.

18.04 / 04:49

markets Man Police Justice reports Investigations Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’

An escaped South Korean criminal suspect reportedly stole almost $362,000 worth of cash in an armed robbery on an OTC crypto buyer.

18.04 / 01:55

markets DOW Nikkei wellness Trade President recommendations Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US Treasury yields to oil prices

Sensex declined 456.10 points, or 0.62%, to close at 72,943.68, while the Nifty 50 dropped 124.60 points, or 0.56%, to settle at 22,147.90. The Indian stock market was closed on Wednesday on account of Ram Navami. “Investors are fearing that the ongoing conflict could fuel buoyancy in crude oil prices and in turn weigh on inflation.

18.04 / 01:29

Manufacturing awards Micron wellness electronic information Department Micron to get $6 billion from govt for domestic chip factories, aims to bring production back to US soil

chips, is poised to get more than $6 billion in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil. The award, which isn’t yet finalized, could be announced as soon as next week, according to people familiar with the matter. It’s not clear whether the company also plans to accept loans available through the 2022 Chips and Science Act in addition to the direct grant funding.

17.04 / 17:51

Upbit Upbit Halts Transactions Over 1 Million KRW Following Changes to VASP – Here’s the Latest

Upbit, one of South Korea’s largest cryptocurrency exchanges, has temporarily suspended deposits and withdrawals exceeding 1 million Korean won ($721).

17.04 / 17:14

economy trends Trade War performer prevention How the rupee’s fall can impact the economy and what RBI can do about it

The rupee has fallen to a new low of 83.5 against the dollar. This has wide ramifications, making exports lucrative but imports expensive. Mint looks at why the currency is falling, how it impacts everybody and what can RBI do.

17.04 / 12:37

markets Crypto Trading Research Trade Bitcoin reports South Korean Won Saw $456B in Crypto Trades in Q1, Overtaking US Dollar

The South Korean won has emerged as the leading fiat currency for cryptocurrency trading, overtaking the US dollar in the first quarter of 2024.

17.04 / 08:47

markets UPS Booking NVIDIA reports Schools ASML Q1 bookings miss forecast, but China sales hold up

ASML, the largest supplier of equipment to computer chip makers, reported weaker than expected first-quarter new bookings on Wednesday, although sales to China held up despite U.S.-led restrictions. Shares in Europe's biggest tech firm, which had risen 34% this year, were down 4.5% to 873.40 euros at 0741 GMT

17.04 / 07:19

CBDC Digital Citizens Bitcoin performer testing South Korean Central Bank to ‘Speed up’ CBDC Project

The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year.

17.04 / 01:31

Blockchain CEO Platform Police Courts rights South Korean Police Raid Winnerz Offices Over ‘Scam Coin’ Allegations

South Korean police have raided the offices of the sports-themed blockchain platform Winnerz as part of a probe into claims its WNZ token is a “scam coin.”

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