South Korea Financial News

China's first domestically built cruise ship set sail on its maiden voyage from Shanghai on Monday, a sign of the nation's growing prowess in sophisticated construction as it seeks self-sufficiency in key technologies. The Adora Magic City left port on its first commercial cruise late afternoon, en route to South Korea and Japan.

Reuters. While hosting senior military leaders on Sunday at the ruling Workers' Party (WPK) headquarters, Kim pointed out that hostile manoeuvres by the enemies pose the danger of an armed confrontation on the Korean peninsula. This situation makes it mandatory for the country to "sharpen the treasured sword" to protect itself, said Kim.

Also Read: Stock market holiday 2024: Check days, dates, and trading holidays in the new year Meanwhile, most of Europe and Asia will also have a market holiday today. Among European markets that will remain closed today on account of New Year’s Day include that of France, Germany and Italy.

Asian markets are closed today. The US and most European markets will also remain closed today. Catch Live Market Updates here The domestic benchmark indices ended on Friday, the last trading day of 2023, on a negative note, snapping their five-day winning streak, on profit-booking in select heavyweights.

‘Mistake that…’: N. Korea's Kim Jong Un on seeking reunification with S. Korea In a meeting on Sunday with commanding army officers, Kim said it is urgent to sharpen “the treasured sword" to safeguard national security, an apparent reference to his country’s nuclear weapons program.

India recorded a trade deficit with nine of its top ten trade partners in the first seven months of 2023-24, with the US being the only country with which exports exceeded imports. India's trade surplus with the US — its largest trading partner — was $19.59 billion in the April-October period, show data from the commerce and industry ministry. However, with China, the second largest partner, the deficit was a whopping $51.11 billion, followed by a $33.56 billion gap with Russia, the fourth largest trade partner of India.

The South Korean crypto exchange Bithumb says it wants to find the “dormant” owners of $206 million worth of coins, including Bitcoin (BTC), Ethereum (ETH), and XRP.

By Cynthia Kim, Josh Smith and Jack Kim

New Year 2024, it's fascinating to explore which country will be the first to usher in the festivities and which will bid adieu to the passing year. With time zones creating a sequential tapestry of celebrations, the globe embarks on a journey into the future.

index touched a 33-year high, Hong Kong rounded out its fourth straight year of decline and India emerged as a leader in IPOs, Nikkei reported. One of the biggest drivers behind this divergence was disappointment in China's post-Covid recovery. Hong Kong's flagship Hang Seng Index (HSI), which tracks 80 blue chip stocks, has dropped 13.8 per cent this year, its first four-year losing streak since its launch in 1969, Nikkei reported. As investors shift away from greater China, their attention is moving to Japan, India and the tech hubs of Taiwan and South Korea. The major indexes in these markets rose by more than double digits in 2023, with Japan's Nikkei 225 leading the pack at nearly 30 per cent, Nikkei reported. The comeback of Japanese shares was a result of multiple factors, including improved corporate governance, something the country's regulators have been working on for over a decade in hopes of stimulating investment from abroad. BlackRock this month reaffirmed its «overweight» position on Japanese equities for the next six to 12 months.

Kim Jong Un wrapped the year with fresh threats of a nuclear attack on Seoul and orders for a military arsenal build-up to prepare for a war that can «break out at any time» on the peninsula, state media reported Sunday. Kim lambasted the United States during a lengthy speech at the end of five days of year-end party meetings that set his country's military, political, and economic policy decisions for 2024. The meeting announced plans for further military development in the coming year, including launching three more spy satellites, building unmanned drones and developing electronic warfare capabilities, as well as strengthening nuclear and missile forces, according to the official Korean Central News Agency (KCNA). Pyongyang this year successfully launched a reconnaissance satellite, enshrined its status as a nuclear power in its constitution, and test-fired the most advanced intercontinental ballistic missile (ICBM) in its arsenal. At the meeting that ended Saturday, Kim accused the United States of posing «various types of military threat» and ordered his armed forces to maintain «overwhelming war response capability», according to KCNA. It is a «fait accompli that a war can break out at any time on the Korean peninsula due to reckless moves by the enemies to invade us», Kim said. In an effort to deter Pyongyang, Washington earlier this month deployed a nuclear-powered submarine in the South Korean port city of Busan, and flew its long-range bombers in drills with Seoul and Tokyo. The North has previously described the deployment of Washington's strategic weapons — such as B-52 bombers — in joint drills on the Korean peninsula as the «intentional nuclear war provocative moves». «We must respond quickly to a

New Year's Eve is here and it's time to rejoice on December 31. The evening before the new dawn is a special one and there are several events which mark the occasion. The highly anticipated yearly New Year's Eve special, «Dick Clark's New Year's Rockin' Eve with Ryan Seacrest» on ABC, is set to return with a global flair. This time, the K-pop girl group NewJeans will take the stage to perform their chart-topping song «Super Shy» live in South Korea.

organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.

V of BTS marked his birthday with a noteworthy surprise! At 2 p.m. KST on December 30, UMI, the American singer-songwriter, dropped her latest track featuring V, titled «Wherever U R.» BIGHIT MUSIC revealed that V and UMI had previously admired each other's music, and this collaboration allowed them to share messages with their fans through music.

Gujarat became the first state to introduce its semiconductor policy in 2022, with several companies from Japan, South Korea, New Delhi and Bengaluru expressing interest in investing in the sector during events organised ahead of the upcoming Vibrant Gujarat Global Summit 2024, officials said. As per a government release, the state's semiconductor policy aims to play a significant role in the global realignment of supply chains in the strategic sector and raise India's economic position.

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

equities in 2023 were the highest ever in a calendar year as optimism over the economy's prospects in a slowing world, the US Federal Reserve's signal that it will cut rates in 2024 and expectations of the Bharatiya Janata Party returning to power in the next year's general elections drove a flood of money into stocks here. Market watchers said overseas investors may be less enthusiastic about pumping similar amounts into Dalal Street in the new year with rich share valuations seen as the key deterrent to large allocations. Foreign portfolio investors poured ₹1,74,663 crore into the domestic stock market in 2023, bettering the previous record of ₹1,72,849 crore in 2020.

South Korea’s top court has ordered a third Japanese company to compensate some of its former wartime Korean employees for forced labor

NEW DELHI : Toyota Kirloskar Motor, the Indian subsidiary of Toyota Motor Corp, advocates for boosting demand for electric powertrains in India by promoting the adoption of hybrid vehicles alongside electric vehicles (EVs). The automaker believes that by fostering demand for both hybrid EVs (HEVs) and battery EVs (BEVs) India can achieve the scale to develop a competitive local production of electrified technologies, a top company official told Mint on Friday.

micro-OLED displays. The forthcoming Vision Pro boasts impressive twin micro-OLED displays, with Apple asserting that they will surpass the pixel count of a 4K TV for each eye. As per information from market research firm Omidia, reported by The Elec (via MacRumors), the Apple Vision Pro 2 is set to feature an RGB OLEDoS display upon its debut in 2027.

South Korea's defense minister said, amid suspicions that the North may use it as a new source of fissile materials for nuclear weapons. Concerns about North Korea's nuclear program deepened recently as the UN atomic agency and foreign experts said they've detected signs indicating that North Korea had begun operating its light-water reactor at the Yongbyon nuclear complex. IAEA Director General Rafael Grossi said last week that his agency had observed increased levels of activity at and near the reactor and since mid-October, a strong water outflow from its cooling system.