South Korea Financial News

South Korea’s leading crypto exchange Upbit’s subsidiary Upbit Singapore announced that it has received a Major Payment Institution License from the Monetary Authority of Singapore.

Investing.com-- Most Asian stocks fell on Monday after a surprise jump in U.S. nonfarm payrolls saw markets rethink expectations for early interest rate cuts, with focus now turning to a string of key inflation readings this week.

Sensex closed the day 178.58 points, or 0.25%, higher at 72,026.15, while the Nifty 50 settled at 21,710.80, up 52.20 points, or 0.24%. Also Read: Market ahead: Q3 results, Red Sea crisis, inflation, FII activity among key market triggers to watch next week “Healthy pre-quarterly business updates indicate that the earnings growth momentum is likely to continue in Q3 as well. Overall we expect markets to remain in a positive range.

Sensex Today | Share Market Live Updates: Indian stock indices are expected to open flat on Monday as indicated by trends in Gift Nifty. The markets are likely to be significantly influenced by the upcoming quarterly earnings from major IT companies like TCS and Infosys, as well as global market trends.

North Korea has threatened an immediate military strike against South Korea in response to any «provocation». Kim Yo Jong, the powerful sister and key ally of leader Kim Jong Un, made the threat on Sunday, as Pyongyang reportedly fired artillery shells near its border with South Korea for the third day in a row.

Pyongyang of firing artillery shells near their sea boundary for a third straight day amid a provocative statement from Kim Yo Jong, the sister and key ally of North Korea’s supreme leader Kim Jong Un, threatening to launch a military strike immediately in response to any provocation. The influential sister of the North Korean leader even mocked Seoul's ability to detect its weapons launches.Also Read | Bangladesh polls: What does re-election of Sheikh Hasina mean for India? Strongly urging North Korea to halt provocative acts or face an overwhelming, stern response, South Korea’s Joint Chiefs of Staff said Pyongyang fired more than 90 rounds near the disputed western sea boundary on Sunday afternoon.

North Korea's shells landed in a buffer zone created under a 2018 tension-reducing deal, which fell apart in November after the North launched a spy satellite. Seoul's military said Saturday that "the repeated artillery fire within the prohibited hostile act zone by North Korea poses a threat to the peace on the Korean Peninsula and escalates tensions". They issued "a strong warning", and urged North Korea to immediately stop such actions.

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.

JSW Steel Ltd’s subsidiary – JSW Utkal Steel – has now got the possession of 2,677.80 acres of forest land in Jagatsinghpur, Odisha where it intends to set up a 13.2 million tonne integrated steel plant. The company had already got the environmental clearance from the Union Ministry of Environment & Forest and Climate Change in April, 2022, which was then re-validated by the ministry in September last year, with some additional and modified conditions. “…the Divisional Forest Officer, Mangrove Forest Division (WL), Rajnagar & the Collector have on January 4, 2024 delivered documents pertaining to the handing over of possession for the total forest land admeasuring 2677.80 Acres to JSW Utkal Steel Limited,” company said in an exchange filing on Saturday. JSW Steel will need a total of 2,950.31 acres of land for this project, of which the non-forest land of 272.51 acres was already leased to the company by the state government over the last two years. The country’s largest producer of steel – by production capacity – is likely to spend likely to spend ₹65,000 on setting up the plant, which is expected to be one of the largest in the manufacturing sector. South Korean steel giant POSCO had earlier planned on setting up a plant at this location, which then had to be abandoned amid local protests and delays in environmental clearance. Tata Steel, Jindal Steel and Power, and Steel Authority of India already have significant manufacturing capacities in the state.

Asian shares are mostly lower after a mixed finish on Wall Street, although export-related Tokyo stocks got a boost from a strengthening dollar

South Korea's K-pop phenomenon, BTS. The comic delves into their meteoric rise to stardom since their debut in 2013 and explores their recent transition to military service. BTS, comprising seven talented singers, has achieved global acclaim with their infectious hits and impactful social campaigns, particularly focused on empowering the youth. The glossy comic sheds light on how these pop stars evolved into international sensations and the unique journey they navigate from being celebrated musicians to fulfilling their military service obligations.

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar hovered near three-week highs as markets awaited key U.S. labor data for more cues on the Federal Reserve’s plans for interest rate cuts. 

Orbit Bridge, which serves as the main bridge for the Claytont ecosystem, was exploited for nearly $82 million hours before the new year’s eve. Multiple South Korean agencies are currently investigating the multi million hack.

North Korea fired artillery rounds near its disputed sea boundary with South Korea on Friday in violation of a fragile 2018 military agreement, officials said, prompting the South to plan similar drills. The rivals' drills are the first in about a year and are expected to deepen their already-serious animosity. South Korea’s Joint Chiefs of Staff said North Korea fired 200 rounds in the waters north of their disputed western sea boundary.

South Korea on Friday ordered an evacuation on Yeonpyeong, an island near its border with North Korea, a local official told Reuters. South Korea's military did not immediately respond to requests for more information. Earlier a newspaper reported that the South's military was due to resume live-fire drills there.

Investing.com-- Most Asian stocks moved little on Friday as they steadied after a weak start to the new year, although anticipation of key U.S. payrolls data and persistent concerns over China kept investors on edge.

South Korean police have arrested a man they suspect of stealing cash as part of a bogus over-the-counter (OTC) crypto exchange.

India paid an average of $85.42 per barrel for Russian oil in November, the highest since the Group of Seven (G7) advanced economies imposed a price cap of $60 per barrel to cut Moscow's revenue, preliminary government data shows. India paid 1.4% more for Russian oil in November compared to $84.20 per barrel in October, Reuters calculations based on government data show. The data also showed declining discounts for Russian oil narrowed the price gap with India's second largest oil supplier Iraq in November. India paid an average $85.73 per barrel for supplies from Iraq and $93.32/barrel for Saudi oil, the data showed. Since the imposition of the price cap in December 2022, India has mostly paid above the $60 ceiling for Russian oil that had still proved cheaper than the similar grades from elsewhere. June was an exception when prices were lower. Indian refiners buy Russian oil on delivered basis from from ports in Greece, South Korea and Spain, as well as directly from Russia. Sales from Russian ports at more than $60/barrel led to the U.S.

GDP estimates on Friday. The domestic equity benchmark indices resumed their upward march on Thursday, snapping their two-day losing run, amid across-the-board buying despite mixed global cues. The Sensex rallied 490.97 points, or 0.69%, to end at 71,847.57, while the Nifty 50 closed 141.25 points, or 0.66%, higher at 21,658.60.

Asian stocks are lower, tracking a weak start to 2024 on Wall Street as Japan's markets reopened

Piyush Goyal said Thursday. The planned ‘Bharat Park’ will facilitate other countries of the world to buy Indian goods, he said during and event organised by the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC). Expressing concern on Free Trade Agreements (FTAs) with Japan, Australia, UAE, and South Korea, he said that utilisation of benefits are very poor in India.