South Korea Financial News

North Korea said Sunday it has agreed to further strategic and tactical cooperation with Russia to establish a «new multi-polarised international order,» as the two countries work to build a united front in the face of their separate, intensifying tensions with the United States. In describing North Korean Foreign Minister Choe Son Hui's meetings with Russian President Vladimir Putin and Foreign Minster Sergey Lavrov in Moscow last week, the North's Foreign Ministry said Putin also reaffirmed his willingness to visit Pyongyang and said that could come at an «early date.» North Korea has been actively strengthening its ties with Russia, highlighted by leader Kim Jong Un's September visit to Russia for a summit with Putin.

₹13,047 crore worth of Indian equities and the total inflow stands at ₹134 crore as of January 19, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs were big players in financial services and information technology (IT), according to analysts. "There is a sudden change in the strategy of the FPIs starting 17th January.

Reliance Industries, ICICI Bank, HUL, Paytm, are among the stocks that will be in focus todayBenchmark indexes rose in Japan, South Korea and Australia. TSMC jumped more than 5% in Taiwan after its American depository receipts surged almost 10% to close at the highest since February 2022.Shares in mainland China declined after making a late turnaround on Thursday.

Zero-knowledge L2 blockchain Manta Network has been accused of money laundering in South Korea shortly after the blockchain was hit by a DDoS attack.

Do Kwon’s lawyer has argued that Terraform Labs’ co-founder should be extradited to South Korea and not the United States. The statement comes as a response to extradition requests from both countries, with Kwon currently in detention in Montenegro.

South Korea‘s Presidential Office has recently proposed reconsideration for the approval of a local spot Bitcoin exchange-traded fund (ETF).

BSE also jumped about a per cent. Around 10:15 am, the Nifty 50 was 0.83 per cent up at 21,639.40 while the Sensex was also 0.84 per cent up at 71,785.22. Here are five key reasons that appear to have given a boost to the market: Positive global cues gave a boost to the domestic market sentiment.

Investing.com-- Major Asian chipmaking and technology stocks rose sharply on Friday, tracking better than expected earnings from TSMC and as the chipmaking giant also flagged a positive outlook on AI demand.

North Korea has conducted a test of its underwater nuclear weapons system in a protest against this week's joint military drills by South Korea, the United States and Japan, state media KCNA said on Friday. The test of the «Haeil-5-23» system, a name North Korea has given to its nuclear-capable underwater attack drones, was carried out by the defence ministry's think tank in the waters off its east coast, the report said, without specifying a date. «Our army's underwater nuke-based countering posture is being further rounded off and its various maritime and underwater responsive actions will continue to deter the hostile military manoeuvres of the navies of the U.S. and its allies,» an unnamed spokesman of the ministry said in a statement, according to KCNA. The navies of South Korea, the United States and Japan staged this week three-day joint drills until Wednesday, alongside the U.S.

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Investors will now focus on the corporate earnings for the third quarter of FY24 which so far have been a mixed bag. “We expect the market to consolidate in a range with limited upside amid a global uncertain environment.

The South Korean government says it will “completely re-examine” the “need” to tax crypto traders on their earnings.

The former chairman of Bithumb Holdings and Bithumb Korea, Lee Jeong-hoon, has been acquitted for the second time in the $100 million fraud case.

It has been a whole week since the U.S. Securities and Exchange Commission (SEC) approved Spot Bitcoin exchange-traded funds (ETFs) and unsurprisingly this has been a “sell-the-news” type of event.

South Korean law enforcers have extradited a man suspected of stealing $3.5 million from a nursing care fund to buy cryptoassets before fleeing abroad.

Sensex cracked 1,628.01 points, or 2.23%, to end at 71,500.76, while the Nifty 50 ended 460.35 points, or 2.09%, lower at 21,571.95. “Hawkish Fed commentary, escalating tension in the Middle East, and a spike in bond yield dented investor sentiment. On the domestic front, the market would look at quarterly results for stock-specific action and we expect indices to consolidate after a sharp sell-off," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

International Battery Company (IBC), which manufactures lithium-ion cells for electric vehicles and plans to set up a factory in Karnataka, closed its maiden funding round at $35 million, led by RTP Global. The round has also seen participation from Beenext, Veda VC along with other strategic Korean and US investors and supply partners.

China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven

Samsung, the South Korean tech giant, Wednesday unveiled many new and breathtaking innovations at its Galaxy Unpacked event. The company finally unveiled its Galaxy Al features for which the fans were eagerly waiting. Notably, most tipsters and analysts were not far off the mark with their leaks and sneak peeks.

India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars. That has upset the likes of Japanese automaker Toyota, which popularised hybrids with the Prius, and has since last year been urging India to cut taxes on them, saying they reduce carbon emissions compared to gasoline cars.

NEW DELHI : India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars.

By Vera Eckert