South Korea Financial News

A South Korean court has sent a drug dealer who sold narcotics to crypto-paying “customers” to jail for seven years.

North Korea said Thursday it conducted its first flight test of a new cruise missile, as it expands its military capabilities in the face of deepening tensions with the United States and neighbours. The report in state media came a day after South Korea's military said it detected the North firing several cruise missiles into waters off its western coast. The South's Joint Chiefs of Staff did not provide more specific assessments, including the number of missiles fired or their flight characteristics.

By Jamie McGeever

New Delhi: India has taken a strong stance on the issue of subsidies provided to poor and marginal fishermen. The country is planning to push its demand for the extension of subsidies to poor fishermen up to 200 nautical miles (nm) at the WTO Ministerial Conference (MC13), to be held from 26 February to 29 February in Abu Dhabi, a senior official said on Wednesday.

₹27,000 crore in Indian equities so far in January 2024. This extensive sell-off has exerted downward pressure on the benchmark equity indices, Sensex and Nifty 50, leading to a decline of over one percent in both indices during the current month. The disappointing corporate earnings reported by select major Indian banks in the December quarter, coupled with concerns over elevated valuations of domestic equities and increasing US Treasury yields, have prompted FIIs to dump Indian equities.

South Korea’s tax body last year confiscated cryptoassets worth $28.4 million from citizens who were trying to avoid paying taxes.

Investing.com-- Most Asian stocks retreated on Wednesday as mixed signals from the Bank of Japan spurred some profit-taking in Japanese markets, while Hong Kong stocks rebounded sharply on a tech-fueled rally led by Alibaba Group.

North Korea fired multiple cruise missiles towards the sea off its west coast on Wednesday, South Korea's Joint Chiefs of Staff said, in the latest sign of heightened tensions on the Korean peninsula. The missiles were fired at around 7 a.m. (2200 GMT on Tuesday) and the launches were being analysed by South Korean and U.S.

selloff that sent benchmark indices tumbling 1.5%, reflecting the impact of persistent stock sales by overseas funds amid hardening bond yields in the US, the world's biggest market for pricing both debt and risk assets alike.

South Korea’s financial regulators are taking “baby steps” while US counterparts forge ahead with rapid crypto regulation progress, a new report has claimed.

Asian shares are mostly gaining after Wall Street built on its all-time high reached last week, while Japan's central bank has kept its easy credit policy intact

Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated traders around the world

As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products.

By Veronica Dudei Maia Khongwir

earnings for the December quarter. Markets will also be influenced by the interest rate decisions of the BoJ and European Central Bank (ECB), along with US GDP data. On January 20, the domestic equity markets ended the special trading session of Saturday lower dragged by selling in index heavyweights as investors reacted to Q3 results.

Terraform Labs has filed for Chapter 11 bankruptcy in the United States following the collapse of the TerraUSD and Luna crypto assets.

Terraform Labs, the issuer of the collapsed stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States.

stocks, with investors expecting the yuan and government bonds to underperform in a year when the Federal Reserve's dovish pivot is set to buoy emerging markets. Bearish sentiment toward China has intensified as the latest data confirmed the world's second largest economy remains in the doldrums. While the gloom adds impetus for the People's Bank of China to lower interest rates, investors say the monetary authority has less room to cut than its major global peers, whose borrowing costs are now at multi-year highs.

A South Korean court has sent an individual who provided a bogus crypto exchange with illegal bank documents to prison for four years.

Ram Mandir in Ayodhya on January 22, the temple Trust has sent out invites to representatives of more than 50 countries. One of them is Kim Chil-su from South Korea. He belongs to the Queen Heo dynasty. Queen Heo, also known as Suriratna, was the princess of Ayodhya, who, according to popular legend, travelled to Korea and started the Karak dynasty in that country. For the past several years, the India-Korea connection of Ayodhya has been in the news. In 2018, draped in an elegant saree, South Korean First Lady Kim Jung-sook soaked in Diwali festivities in Ayodhya much to the delight of the people of this pilgrim town. From the moment she arrived in Ayodhya on Tuesday till she departed, local people, especially the youth, applauded and cheered her at the multiple events she attended, along with Uttar Pradesh Chief Minister Yogi Adityanath. Prime Minister Narendra Modi had emphasised the historical connection between Ayodhya and Korea. He had suggested highlighting and strengthening this connection to showcase Ayodhya and Lord Ram’s relevance internationally. Following his guidance, the First Lady of Korea was invited to Ayodhya. Also Read| From Nayar to Nripendra, a tale of two IAS officers in Ram Mandir

In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore. Domestic institutional investors, meanwhile, are holding for as they invested about Rs 10,274 crore in Indian equities so far this month. Analysts say the rise in US bond yields and elevated valuations are triggering capital outflows from emerging markets. The not-so-pleasing results of India's leading HDFC Bank also aggravated the outflows as they increased short positions.