South Korea Financial News

12.02 / 02:47

WhatsApp Battlefield country reports testing North Korea develops new rocket launcher controller - state media

North Korea has successfully developed a new ballistic control system for a multiple rocket launcher along with controllable shells, state media KCNA reported on Monday. The Academy of Defence Science, which oversees the country's missile development, conducted a «ballistic control» test firing of 240-mm calibre controllable multiple rocket launcher shells on Sunday, KCNA said. KCNA said the strategic value of the 240 mm-caliber multiple rocket launcher will be «reevaluated» its role in battlefields will also increase due to what it called «rapid technical improvement.»

12.02 / 02:47

UPS Southern Trade recommendations week Oil starts week lower after Israel says 'concluded' Gaza strikes

Oil prices fell in early Asian trade on Monday after Israel said it had «concluded» a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Brent crude futures were down 43 cents, or 0.5%, at $81.76 a barrel, while U.S. West Texas Intermediate crude futures were 46 cents, or 0.6% lower, at $76.38 a barrel at 0135 GMT.

11.02 / 23:45

security Legal Trade Bitcoin reports Courts 14 Suspected South Korean ‘Kimchi Premium’ Crypto Traders Cleared

South Korean prosecutors have suffered a blow in their efforts to shut down kimchi premium crypto traders – with 14 suspects cleared of wrongdoing.

11.02 / 12:23

country reports South Korean firm offers staff ₹62.28 lakh to have a child, ₹1.86 crore for three. Here is why

₹ 43,58,27,437 to employees who have given birth to 70 children since 2021. Both, male and female employees, will be eligible for the benefit, the company said. "I hope we would get recognized as a company that contributes to encouraging births and worries about the country’s future," Booyoung Group’s Chairman Lee Joong-keun told his employees adding that the offering is a “direct financial support" to employees to help ease the financial burden of raising children.

10.02 / 05:05

security Experts reports testing Investigations Arsenal UN experts investigating 58 suspected North Korean cyberattacks valued at about USD 3 billion

UN experts say they are investigating 58 suspected North Korean cyberattacks between 2017 and 2023 valued at approximately USD 3 billion, with the money reportedly being used to help fund its development of weapons of mass destruction. And the high volume of cyberattacks by North Korean hacking groups who report to the Reconnaissance General Bureau, North Korea's primary foreign intelligence organization, is reportedly continuing, the panel of experts said in the executive summary of a new report to the UN Security Council obtained Friday by The Associated Press.

09.02 / 19:32

Cybersecurity United Nations UN Expert Panel Investigate $3B Worth North Korean Crypto Cyberattacks: Report

An independent United Nations jury of sanctions monitors is conducting a probe into North Korea’s involvement in $3 billion worth cyberattacks on crypto firms.

09.02 / 17:22

Provident Digital Platform Wemade reports Investigations WeMade Crypto Blow as South Korean Regulators Probe Game Maker’s ‘Unregistered Sales’

The South Korean game maker WeMade crypto project suffered a blow on February 8 as regulators launched a probe into suspected “unregistered” sales on WEMIX platforms.

29.01 / 14:03

Food love Celebrity Diversity stars Ayushmann Khurrana plays culinary host to K-Pop star Eric Nam, and treats him to Indian delicacies

Ayushmann Khurrana recently played food guide to South Korean singer Eric Nam during his visit to India for the Lollapalooza music festival. The two artists bonded over a shared love for good food, exploring the diverse flavors of Indian cuisine. Sharing the Tastes of India Ayushmann Khurrana took Eric Nam on a tasty tour of India, introducing him to a mix of delicious dishes from different regions.

29.01 / 08:01

Target Platform wellness social South Korean Web3 Music Service Somesing Loses $11.58 Million in Token Exploit

Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million.

29.01 / 04:47

BLOCK Coinone Trade social South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023

South Korean crypto exchanges say they blocked over $82 million worth of transactions linked to romance scams last year.

29.01 / 02:45

markets security CME Nikkei Trade blues Asian stocks China fuels Asian stocks rally, oil climbs on Red Sea worries

By Kevin Buckland

29.01 / 02:35

markets DOW Trade recommendations Updates Weekend Indian stock market: 7 key things that changed for market over the weekend - Gift Nifty, US GDP, inflation to oil prices

Catch Live Market Updates here The US Federal Reserve monetary policy and its first rate decision of 2024, to be released Wednesday, will be keenly watched and is expected to guide the markets. Both the domestic benchmark indices declined around 1.3% in the holiday-shortened week gone by, primarily dragged by weakness in the banking sector.

28.01 / 23:28

markets UPS Provident Manufacturing economy Sustainability Continental Marketmind: More cheer rests on China PMI, Fed decision

By Jamie McGeever

28.01 / 06:38

UPS Cooper Action consequences peace North Korea fired multiple cruise missiles off east coast

By Hyonhee Shin

28.01 / 03:57

COST Manufacturing awards WSJ reports Department US to announce billions in subsidies for advanced chips -WSJ

Joe Biden's administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor Manufacturing Co to help build new factories in the U.S., the Wall Street Journal reported on Saturday. The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

27.01 / 13:17

COST Manufacturing awards WSJ President reports US to announce billions in subsidies for advanced chips

semiconductor companies including Intel, and Taiwan Semiconductor Manufacturing Co in the coming weeks to help build new factories in the United States, the Wall Street Journal reported on Saturday. The forthcoming announcements are aimed at kick-starting manufacturing of advanced semiconductors that power smartphones, artificial intelligence and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

26.01 / 18:57

Aware Manufacturing Hyundai Trade performer Department International For hybrid car makers who wanted tax cuts, hopes are fading

₹12,000 crore, the people cited above said on the condition of anonymity. FAME-II, which expires on 31 March 2024, doles out demand-side cash subsidies on the sale and purchase of hybrid and electric four-wheelers for commercial use if they meet certain price and performance criteria.

26.01 / 03:45

UPS Manufacturing CEO electronic reports Schools OpenAI’s Sam Altman to meet chipmakers Samsung, SK Hynix execs on January 26

OpenAI CEO Sam Altman is visiting South Korea on Friday and meeting leaders of chipmakers Samsung Electronics and SK Hynix, two sources with knowledge of the matter said. Altman is expected to discuss potential partnerships for making chips, the sources said, declining to be identified.

26.01 / 02:17

markets UPS Manufacturing Trade reports SK Hynix Reports Q4 Profit and Plans for AI GPU Chips

South Korea's SK Hynix Inc., the world's second-largest memory chipmaker, announced a return to profitability in the fourth quarter of 2023. The company recorded an operating profit of 346 billion won ($259.8 million), significantly outperforming market expectations of a 192 billion won operating loss. This marks a stark contrast to the 1.9 trillion won loss reported in the same quarter a year earlier. The profit is attributed to a surge in revenue by 47%, driven by strong demand for AI-focused memory chips.

25.01 / 19:55

COST UPS CEO shootings reports Nokia Nokia sales and profit drop as economic challenges lead to cutback on 5G investment

Nokia has reported a double-digit decline in sales and a fall in profit in the last three months of 2023

25.01 / 17:11

Blockchain Digital CEO Platform security information reports Ozys’ Former Chief Security Officer Allegedly Weakened Security of Network Weeks Before $81.5M Hack

South Korean blockchain network Ozys has made a damning revelation in the aftermath of its January 1, 2024 platform hack.

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