South Korea Financial News

19.11 / 08:23

Reuters Digital Manufacturing Bitcoin show Bitcoin Price Prediction as Recent Decline Triggers Largest Bull Liquidation in 3 Months – Is a Rebound Imminent?

In recent financial news, Bitcoin (BTC) has witnessed a significant fluctuation in its market value, drawing attention to its latest price movements and the implications for investors and the cryptocurrency market as a whole. Despite a recent decline that triggered the largest bull liquidation in three months, Bitcoin is showing signs of resilience.

18.11 / 10:57

Blockchain Law defi Tokens crimes Former Bithumb chair faces 8-year imprisonment

Lee Jeong-hoon, the former chair of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might face an eight-year prison sentence, with a verdict scheduled for Jan. 18, 2024.

17.11 / 20:11

Reuters CEO Tesla Hyundai show track Hyundai, Kia see strong demand for EVs, despite rivals' concerns

By Abhirup Roy

17.11 / 15:47

Booking Hyundai country reports India to be Hyundai's number one market in the near future, says MD Unsoo Kim

Hyundai in the near future, India Managing Director Unsoo Kim said, adding, the company expects nearly a fifth of its global sales to come in from the country in the next 2-3 years. Indian subsidiary Hyundai Motor India (HMIL) — which contributed 18.6% to global sales in the first half of the year — is looking at growing by 8.5-9% to post its best-ever sales of 600,000 units in the local market in the ongoing calendar year. Unsoo Kim, Managing Director, Hyundai Motor India Limited (HMIL) said, “I see the Indian market very positively.

17.11 / 06:10

IPO Bithumb reports Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal

South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb.

17.11 / 05:31

Provident Tesla show Kia unveils two concept EVs at Los Angeles Auto Show

Kia unveiled two new concept electric vehicles ahead of the Los Angeles Auto Show as the South Korean automaker looks to expand its electric model catalog in the United States. The company's EV3 is a compact electric SUV, while its EV4 is an electric sedan. Kia did not provide any other details on range, top speed and batteries used in the concept vehicles. The carmaker is also studying the market to develop electric vans sometime in the future, Steven Center, chief operating officer at Kia America, said.

17.11 / 05:15

Extreme Parke President electronic South Korea prosecutors seek jail for Samsung boss on fraud, stock manipulation charges

By Joyce Lee

17.11 / 05:15

Provident economy show performer country fed rate cut Weekly Rate Cut rate cut bets Asia FX muted, dollar set for weekly drop on Fed rate cut bets

Investing.com-- Most Asian currencies moved little on Friday after strong gains earlier this week, while the dollar headed for a sharp weekly fall as weak labor market data fueled more bets that the Federal Reserve will trim interest rates by mid-2024.

17.11 / 03:13

Digital Parke President electronic 2020 Samsung boss Jay Y Lee faces final hearing over alleged fraud, stock manipulation

Samsung Electronics Executive Chairman Jay Y. Lee faces a final court hearing on Friday over accounting fraud and stock price manipulation charges involving an $8 billion merger of two Samsung affiliates in 2015. The trial is the last legal uncertainty for Lee, who had being pardoned for an earlier, separate conviction and only last year cemented his leadership position of Samsung.

17.11 / 03:13

Reuters Digital Manufacturing information 2020 reports Department Applied Materials under US criminal probe for shipments to China's SMIC

Semiconductor equipment maker Applied Materials is under US criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC, according to three people familiar with the matter. The largest US semiconductor equipment maker is being probed by the Justice Department for sending equipment to SMIC via South Korea without export licenses, the sources said. Hundreds of millions of dollars of equipment is involved, one of the people said. Reuters is reporting details of the probe for the first time.

17.11 / 02:52

Reuters Manufacturing Nikkei show reports recommendations jobless claims 6 things that changed for the stock market overnight - Gift Nifty, US jobless claims to drop in crude oil prices

US Federal Reserve will not hike interest rates further and pivot to a rate cut in early 2024, seems to be waning. Moreover, with the conclusion of the earning season, domestic investors will now shift the focus to global as well as domestic cues. The Indian benchmark indices ended higher for the second consecutive session on Thursday amid mixed global cues.

16.11 / 21:33

FIVE MSCI performer track country index India’s growing heft in MSCI EM index: what it means for the market

Mint explains: MSCI is a standalone NYSE-listed global index, whose stock indices are widely tracked by global asset managers, hedge funds, banks, corporates and insurance companies to allocate funds across global stock markets. The indices are widely used for passive investment by exchange traded funds, index funds and some fund of funds. Passive fund returns mirror index returns unlike active funds which can beat or underperform benchmarks.

16.11 / 19:04

Blockchain Luna stage country Do Kwon’s Appeal in Document Forgery Case Rejected by Montenegro High Court

Disgraced Terraform Labs founder Do Kwon’s appeal in his document forgery case has been rejected by a High Court in Montenegro.

16.11 / 09:27

business Government Investments Pensions Bitcoin South Korea’s pension fund bags 280K Coinbase shares: SEC data

The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of this year, an investment that has gained 39% in value since the purchase.

16.11 / 06:55

IPO CEO Bithumb Inside rock reports South Korean Crypto Exchange Bithumb Still Aiming for IPO Despite ‘Deep’ Troubles

The South Korean crypto exchange Bithumb has effectively confirmed reports that it is hoping to launch an initial public offering (IPO), but may be hampered by financial issues and ongoing legal problems.

16.11 / 06:55

coinbase South Korea’s National Pension Fund Bought $20 Million Coinbase Stocks in Q3 2023

The National Pension Service of South Korea has acquired approximately 26 billion won ($20 million) worth of Coinbase stocks (COIN).

16.11 / 06:55

Blockchain Digital Platform Compilation Asia country South Korean Traders Drive Recent Crypto Surge as Exchanges’ Market Share Jumps to 13%

Traders in Asia, especially in South Korea, have emerged as key drivers behind the recent rally in crypto market over the past two months.

16.11 / 06:31

Provident economy Nikkei President show country strain Asian stocks Asian stocks dip as yields rise; China property woes persist

Investing.com-- Asian stocks sank on Thursday, reversing some recent gains as strong U.S. retail sales data pushed up Treasury yields, while Chinese stocks fell sharply on signs of continued headwinds for the property market.

16.11 / 06:31

Gap President show performer track country Asia FX dips, dollar recovers as strong data fuels Fed uncertainty

Investing.com-- Most Asian currencies weakened on Thursday, tracking a recovery in the dollar as stronger-than-expected U.S. retail sales data brewed some uncertainty over the path of interest rates.

15.11 / 21:27

defi vulnerability White Hat Hackers Awarded $300K After Uncovering Critical Chainlink VRF Vulnerability

Decentralized oracle network Chainlink recently awarded white hat hackers Zach Obront and Or Cyngiser of Trust $300,000 for uncovering a critical vulnerability in its Verifiable Random Function (VRF) product. VRF allows smart contracts to access tamper-proof random values while maintaining security.

15.11 / 16:17

Provident Reuters Action country information reports Department US helps forge global group on measuring climate-warming emissions from natural gas

By Timothy Gardner

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