South Korea Financial News

16.04 / 10:33

markets UPS economy Trade reports International Stock market today: Asian shares track Wall Street slump triggered by strong US spending data

Asian shares have skidded following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks

16.04 / 06:09

Citi Citizens Software Tax Bill Trade South Korean ‘Crypto Tax Crackdown’ Moves to Another City

The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province.

16.04 / 03:47

markets Sustainability MSCI Trade Updates Israel-Iran Crisis: Emerging market currencies feel impact, Index drops to year's low

Israel-Iran Tensions Impact: Emerging-market currencies fell to a new low for the year as the dollar extended gains into a fifth day amid heightened geopolitical tensions and after robust US data boosted bets the Federal Reserve will delay interest-rate cuts. Also Read | Israel vows to respond to Iran's drone attack, US military military assets in Middle East | Top 10 updates The MSCI EM Currency Index dropped 0.2% on Tuesday to the lowest since December.

16.04 / 01:01

markets Citi Coca-Cola Enterprise PepsiCo Schools International B2B marketplace ProcMart bags $30 million in funding

ProcMart, an online business-to-business (B2B) marketplace specialising in supply chain solutions, has raised $30 million (about Rs 250 crore) in an equity funding round led by Infosys cofounder Nandan Nilekani’s venture fund Fundamentum Partnership and Edelweiss Discovery Fund. The round also saw participation from South Korea’s Paramark Ventures. The funds will be used for exploring strategic acquisitions for backward integration, enhancing client offerings, investing in talent acquisition and technology, and expanding presence in new markets within India and globally.

16.04 / 01:01

markets Dash Research Trade West Asia tensions give Dalal Street a headache

stock gauges, led by banking and financial shares, slumped more than 1% each Monday on mounting concerns of an escalation in the West Asia conflict, while likely central bank intervention in the currency markets cushioned the rupee's fall, but couldn't prevent a record closing low for the unit. Benign inflation prospects on a lower-than-expected rise in oil prices kept bond yields steady. The Nifty fell 246.9 points, or 1.1%, to 22,272.50. The Sensex declined 845.12 points, or 1.14%, to 73,399.78 in a volatile trading session that saw mixed responses across the Asia-Pacific to this weekend's Iranian drone attacks on Israel. China advanced 1.26%, Hong Kong fell 0.73%, South Korea declined 0.42%, and Taiwan dropped 1.38%.

16.04 / 00:41

Remark Investment CBS country Courts South Koreans Lose Faith in State Pensions, Turn to Crypto and Stocks – Survey

Most young South Koreans are losing faith in the national pension system, a new survey has found – with many stating they see crypto and stocks as a better alternative.

15.04 / 09:51

markets COST UPS Target Hyundai reports Exide Industries share price jumps over 6% to 52-week high after Morgan Stanley raises target price, sees 22% upside

₹423.80 apiece on the BSE. Morgan Stanley reiterated its ‘Overweight’ rating and raised Exide Industries share price target to ₹485 apiece from ₹373 earlier citing multiple levers for growth. The target price implies an upside potential of nearly 22% from Friday’s closing price.

15.04 / 03:11

markets Apple Research show reports Schools Updates Apple loses top phone maker spot to Samsung as iPhone shipments drop: report

Apple's smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday. Global smartphone shipments increased 7.8% to 289.4 million units during January-March, with Samsung, at 20.8% market share, clinching the top phone maker spot from Apple.

15.04 / 01:51

markets Target Manufacturing track recommendations Indian stock market: 10 key things that changed for market over weekend - Gift Nifty, Iran-Israel tensions to inflation

Read here: Week Ahead: Q4 Results, macro data, Israel-Iran conflict, global cues among key market triggers this week On Friday, the Indian stock market indices ended a percent lower each dragged by selling across the board amid weak global cues. The Sensex plunged 793.25 points, or 1.06%, to close at 74,244.90, while the Nifty 50 settled 234.40 points, or 1.03%, lower at 22,519.40. “Indian equities could see temporary short-term headwinds from the US Fed easing being pushed into CY25 and hardening commodity prices due to adverse geopolitics.

14.04 / 05:31

markets COST UPS economy President country Charting the global economy: India can be the world's no.1 contributor to GDP growth by 2028

Bloomberg) --The European Central Bank held the line on interest rates but officials leaned even more toward a mid-year cut should inflation continue to cool. Lower borrowing costs would help nudge a European economy that’s struggled to register any growth for longer than a year. On the other side of the Atlantic, US economic activity is on much more solid footing and inflation is running too fast for Federal Reserve policymakers. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, geopolitics and markets:

13.04 / 08:41

BTS film performer concert rap reports rights BTS’ Suga’s concert film‘Agust D's Tour D-Day: The Movie’ ranks 2nd at US box-office, mints over $900K

BTS’ Suga aka Min Yoongi is on a roll right now. Despite being in the military, the South Korean rap icon has created box-office history! His concert film ‘SUGA/Agust D Tour D-Day The Movie’ is enjoying a phenomenal run in the US. According to a Box Office Mojo report, the movie earned a staggering $ 961,015 on the opening day, bested only by the epic sci-fi fantasy film ‘Godzilla vs Kong’, which collected $1,974,152 upon release. Aside from being highly popular in the US for his rap skills, the fact that Yoongi is the first BTS member to have his concert likely contributed to its spectacular performance at the box-office.

13.04 / 04:45

markets DOW Trade show country Global markets mixed after Wall St rebound led by Big Tech

markets retreated despite a tech-fueled rebound on Wall Street the day before. Oil prices were higher. The future for the S&P 500 slipped 0.1% while that for Dow Jones Industrial Average edged 0.1% higher.

13.04 / 03:51

FIVE security tennis country Manika Batra-Sathiyan fail to bag Paris Olympics 2024 quota

Batra and Sathiyan Gnanasekaran were stunned in the quarter-finals by a Malaysian pair of Javen Choong and Karen Lyne ranked 153rd in the world. Manika Batra and Sathiyan Gnanasekaran failed to secure a Paris Olympics 2024 quota from the World Mixed Doubles Table Tennis Olympic Qualification tournament in Havirov, Czechia on Friday. The Indian table tennis players, ranked 18th in the latest ITTF mixed doubles world rankings, went down 4-1 which is 11-9, 11-9, 11-9, 7-11,11-8 against Malaysia's Javen Choong and Karen Lyne, ranked 153rd, in the quarter-finals. The eighth-seeded Batra-Sathiyan received a bye in the round of 16 of their knockout bracket.

12.04 / 17:41

Binance GoPax Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition

Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023, as reported in the year-end financial statement released by its parent company, Streamy.

12.04 / 08:47

UPS Aviat Platform Airlines Mobile Software International Ramco Systems shares jump another 13.5% to hit 2-year high, up 44% in April so far – what's behind the rally?

Ramco Systems, a global aviation software specialist, jumped another 13.5% in today's trading session, reaching ₹386.90 apiece to hit a 2-year high. This strong rally has pushed the stock to gain 44% in April so far.

12.04 / 02:43

markets Reuters Action security Trade Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US inflation to rally in tech stocks

Sensex surged 354.45 points, or 0.47%, to close at 75,038.15, while the Nifty 50 settled 111.05 points, or 0.49%, higher at 22,753.80. “We expect the ongoing up-move to continue in the market. The broader market too is likely to continue its outperformance along with stock-specific action on the back of strong domestic flows and healthy business updates.

11.04 / 10:23

European Union MICA ESMA EU Watchdog Warns 90% of Crypto Trading Funneled Through Few Exchanges

The European Union’s (EU) securities regulator warned about the high concentration of trading activity on a limited number of crypto exchanges. Notably, Binance, a single platform, controls roughly half of the entire market, it said Wednesday.

11.04 / 04:45

markets BTC security Research trends Bitcoin US Stock Traders Influencing Bitcoin Prices, Says South Korean Researcher

US stock traders are exacting a big influence on Bitcoin (BTC) prices, a South Korean crypto researcher has claimed.

11.04 / 01:47

Target Election War testing International North Korea leader Kim Jong Un says ‘now is time to be ready for war’

Biden’s Envoy to the UN Set to Visit Border With North Korea DPRK is short for the Democratic People's Republic of Korea, the North's official name. "Outlining the complicated international situation ...

10.04 / 12:13

markets Provident Pool stage innovations Interviews NYSE aims to attract ‘exciting’ Asian firms to list in US

The New York Stock Exchange is actively engaged with a pipeline of Japanese companies, some of which may consider a US listing over the next 18 months, according to the bourse’s vice chairman.

10.04 / 09:33

markets UPS Nikkei reports Updates Stock market today: Asian markets are mixed after a slow day on Wall St ahead of US inflation update

Shares are mixed in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports

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