South Korea Financial News

A South Korean court has released the son of software giant Hancom Group’s Chairman on bail as prosecutors continue to probe an alleged “crypto slush fund.”

Sensex declined 361.64 points, or 0.50%, to close at 72,470.30, while the Nifty 50 settled 92.05 points, or 0.42%, lower at 22,004.70. “Shorten trading week, derivatives monthly expiry along with global economic data to be released this week has kept the investors on the sidelines. Overall, we expect the market to consolidate in a broader range, however, buying in a broader market before the financial year end cannot be ruled out," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

The Haeundae Police Station in Busan, South Korea, has caught a pair of fraudsters who stole $4.1 million from a senior citizen with the promise of profitable crypto investments.

Suspected South Korean crypto fraudsters allegedly fooled a wealthy financier into parting with over $4.1 million, the nation’s police force said on March 25.

By Jihoon Lee

Investing.com-- Most Asian stocks moved in a tight range on Tuesday, tracking a middling overnight session on Wall Street as anticipation of more key economic readings this week kept sentiment on edge. 

Asian equities climbed on Tuesday but could not break this month's highs as mixed messages from U.S. Federal Reserve policymakers left doubts hanging over the timing of interest rate cuts. The risk of Japan intervening to prevent further falls in the yen put a little pressure on the dollar, however it rose against the yuan on speculation that China may tolerate a weaker currency.

Sensex gained 190.75 points, or 0.26%, to close at 72,831.94, while the Nifty 50 settled 84.80 points, or 0.39%, higher at 22,096.75. In the last week of March, investors will now keep an eye on several stock market triggers including domestic macroeconomic data, government announcements on fiscal closing, foreign capital inflow, and other global market cues. “This week being a truncated week and the derivatives’ monthly expiry, we might see some volatility while Nifty is likely to consolidate at higher levels.

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

By Jody Godoy

The United States Securities and Exchange Commission’s (SEC) trial against Terraform Labs founder Do Kwon is set to begin in Manhattan federal court Monday, though the former crypto tycoon will not be present.

Terraform Labs co-founder Do Kwon was released from prison in Montenegro on Saturday as the Supreme Court deliberates on extradition requests from the U.S. and South Korea, according to a Bloomberg report citing prison officials.

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

Senior doctors at dozens of hospitals in South Korea plan to submit their resignations in support of medical interns and residents who have been on a strike over the government’s push to sharply increase medical school admissions

The South Korean exchange Bithumb is looking to step up its IPO plans – and could look to launch a fast-tracked initial public offering as the crypto bull market continues.

South Korea said they will cut back on the hours they spend in practice starting on Monday to support trainee doctors on strike for more than a month over a government plan to boost medical school admissions. «It is clear that increasing medical school admissions will not only ruin medical school education but cause our country's healthcare system to collapse,» Kim Chang-soo, the president of the Medical Professors Association of Korea, told reporters.

By Colleen Howe and Jing Xu

₹35,011 cr and ₹31,195 cr dated 19th March. Furthermore, buying activity has persisted throughout this week, suggesting that institutional investors do not perceive any significant concerns regarding the fallout of domestic momentum. This trend may be linked to the fact that most corrections have targeted Mid & Smallcaps.

Kim Jong Un sent a message of sympathy to Russian President Vladimir Putin over the massacre at a Moscow concert hall and said nothing can justify «heinous terrorism» against human lives, KCNA state news agency said on Sunday. Kim «expressed deep condolences and sympathy» to Putin and to the Russian people, the victims and their families on the news of heavy casualties caused by «a large-scale terrorist attack in (the) Moscow region,» KCNA said.

K-pop, K-dramas and K-noodles, with Indian students increasingly considering South Korea for higher education, according to consultants. The number of Indian students headed to South Korea is set to double in 2024 compared to two years ago, according to Rohin Kapoor, partner, management consulting, BDO. “South Korea has rolled out the red carpet for Indian students by offering attractive scholarship schemes at top universities over the last two years,” Kapoor said. At around 2,000 this year, the number is still just a fraction of the Indian students enrolled in traditionally popular destinations such as the US, UK, Canada and Australia. But the East Asian technology hub is fast emerging as an alternative destination for Indian students, owing to factors such as a large number of courses taught in English, a developed market with ample internship and employment opportunities, pro-international student policies and competitive costs along with a government push to attract overseas students.

SEOUL (Reuters) -North Korean and Chinese officials have met in Beijing and committed to further develop bilateral ties, North Korean media said on Sunday, as Pyongyang seeks to expand its diplomatic engagement after COVID-19 lockdowns.