South Korea Financial News

Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy

North Korea on Wednesday fired multiple cruise missiles into the sea in its fifth test of such weapons since January, South Korea's military said, extending a streak in weapons demonstrations that's elevating tensions in the region. South Korea's Joint Chiefs of Staff said the South Korean and U.S. militaries were analyzing the launches that were detected in waters northeast of the eastern coastal city of Wonsan. The South Korean military didn't immediately provide the exact numbers of missiles fired or how far they flew. It wasn't immediately clear either whether the missiles were fired from land or from sea assets. «Our military has increased surveillance and vigilance and is working closely with our US partners and is closely monitoring signs for further activity from North Korea,» the Joint Chiefs of Staff said in a statement. Experts say North Korea is ramping up pressure on its rivals in an election year in South Korea and the United States with a long-term focus of forcing Washington to accept the idea of the North as a nuclear power and extract security and economic concessions from a position of strength.

South Korea's military says it has detected North Korea firing multiple cruise missiles into waters off its northeastern coast in its fifth test of such weapons since January. South Korea's Joint Chiefs of Staff on Wednesday didn't immediately provide the exact numbers of missiles fired or how war they flew.

Investing.com-- Most Asian shares tumbled on Wednesday, tracking an overnight decline on Wall Street after sticky U.S. inflation data spurred renewed concerns over higher for longer interest rates.

South Korean celebrities, including top YouTubers, a veteran of the 2002 World Cup, a race car driver, and a leading comedian have been embroiled in a fast-developing crypto “scam” controversy.

Sensex gained 482.70 points, or 0.68%, to close at 71,555.19, while the Nifty 50 ended 127.20 points, or 0.59%, higher at 21,743.25. “Going ahead Nifty is expected to remain in the broader range given the lack of positive triggers globally and mixed set of domestic Q3 earnings which too is unable to provide any support.

The White Lotus" Season 3 will have South Korean girl group 'Blackpink' singer and rapper Lisa in a prominent role, as per a Variety report. In the upcoming third season of the popular HBO series, Lisa will be credited under her birth name, Lalisa Manobal. Like all castings for this season, details about her role are being kept confidential for now.

redevelopment bid of Ninoy Aquino International Airport at Manilla. The other two bidders are San Miguel Corporation- conglomerate from the Philippines and the Manila International Airport Consortium (MIAC). GMR’s consortium also includes Cavitex Infrastructure Corporation- an infrastructure company from the Philippines and House of Investments which is the Yuchengo family office which operates Rizal Commercial Banking Corporation- one of the largest banks in Philippines. The bid results will be announced on February 14.

Investing.com-- Most Asian currencies weakened on Tuesday, while the dollar firmed as markets hunkered down before key U.S. inflation data that is widely expected to factor into the path of interest rates. 

Asian shares are mostly rising in morning trading, as investors watched for the latest indicators on inflation

Asian shares have gained in morning trading, as investors awaited an update on U.S. consumer inflation that might help set the Federal Reserve's policy on interest rates

Sensex plunged 523.00 points, or 0.73%, to close at 71,072.49, while the Nifty 50 settled 166.45 points, or 0.76%, lower at 21,616.05. “The premium valuation gap between mid to large caps has notched to its all-time high. Despite a robust economic forecast, corporate earnings are expected to slow due to moderated operating margins.

XO, Kitty was renewed for season 2 in the past year. As per What's on Netflix, a filming window for three months will be starting in April 2024 and casting is in progress. A renewal order for season 2 was given after the debut of season 1 and the reason for that should not be a surprise. The show has garnered good numbers for the streaming platform but since the time of the renewal, not much has been disclosed about what will happen in the show next. Anna Cathcart will be returning for the latest season as Kitty, and Gia Kim, Minyeong Choi, Peter Thurnwald, Anthony Keyvan, Sang Heon Lee, and Regam Aliyah will be recapitulating their roles. Jennifer K Han and Sascha G. Rothchild will be continuing as the showrunners.

Samsung has started pre-booking for the Galaxy Book 4 series in India ahead of the expected launch of these laptops later this month. The Galaxy Book 4 series could include Galaxy Book 4 Pro, Galaxy Book 4 Pro 360 and Galaxy Book 4 Ultra models. Prior to the India launch, the Galaxy Book 4 series was launched in South Korea in December.

South Korea plans to conduct virtual asset exchange inspections to expel ineligible platforms later this year.

Investing.com-- Gold prices moved little in holiday-thinned Asian trade on Monday, with the yellow metal keeping to a trading range established over the past week as traders sought more cues from upcoming U.S. inflation data.

Investing.com-- Most Asian currencies moved in a tight range on Monday as market holiday across most of the region kept trading volumes limited, while the dollar fell slightly before key inflation data due this week. 

Investing.com-- Asian stocks kept to a tight range on Monday with a bulk of major markets in the region closed for the Chinese New Year, while losses in pharmaceutical giant CSL (OTC:CSLLY) dragged Australia’s ASX 200 lower. 

Sensex gained 167.06 points, or 0.23%, to close at 71,595.49, while the Nifty 50 ended 64.55 points, or 0.3%, higher at 21,782.50. Analysts expect cautiousness to prevail and the market to consolidate in the near term amid key macro data and the last leg of Q3 results. Also Read: Week Ahead: Inflation data, Q3 results, global cues among key market triggers this week “The equity market remained volatile during last week, responding to events like the US Fed Policy announcement, and the RBI policy in quick succession.

Gold prices were flat on Monday in holiday-thinned trading, after falling last week on rising bond yields, while investors awaited remarks from U.S. Federal Reserve officials in a data-packed week. FUNDAMENTALS

kiwi dollars were subdued in holiday thinned trade on Monday, while traders looked ahead to a central bank speech in New Zealand that could make or break market bets for another hike given the huge shift in market pricing last week. Most of Asia including China, Hong Kong, Japan, South Korea, Singapore, Taiwan, Vietnam and Malaysia are closed for holidays.