South Korea Financial News

18.10 / 06:49

Cooper Gap Crypto regulations innovations reports guidelines South Korean Regulator to Establish Standards for Issuance and Distribution of Crypto

South Korea’s Financial Supervisory Service (FSS) is looking to establish comprehensive guidelines for the issuance and distribution of cryptocurrencies to enhance the Virtual Asset Users Protection Act passed earlier this year.

18.10 / 04:23

UPS Progressive show track country Asia FX creeps higher on China GDP beat, M.East tensions weigh

Investing.com-- Most Asian currencies firmed slightly on Wednesday tracking a stronger-than-expected reading on Chinese economic growth, although fears of an escalation in the Israel-Hamas war limited any major gains.

17.10 / 21:09

Digital Currency regulation Digital Asset legislation South Korean regulator outlines steps to enhance digital asset legislation

South Korea’s Financial Supervisory Service (FSS) is preparing regulations to supplement the Virtual Asset Users Protection Act passed earlier this year, according to local reports. New regulations should be ready by January, well ahead of the law entering into force, the FSS head said.

17.10 / 05:55

UPS Provident Waters Extreme Action Experts country Japan criticizes Russian ban on its seafood following the release of treated radioactive water

Japan has criticized Russia’s announcement that it’s joining China in banning the imports of Japanese seafood in response to the release of treated radioactive wastewater from the wrecked Fukushima nuclear power plant

17.10 / 02:29

NIFTY WhatsApp SENSEX track reports recommendations 6 things that changed for the stock market overnight - Gift Nifty to rally on Wall Street

BSE Sensex ended 115.81 points, or 0.17%, lower at 66,166.93, while the broader NSE Nifty 50 declined 19.30 points, or 0.10%, to settle at 19,731.75. “Overall we expect positive biasness to continue led by expectation of healthy demand during the festive season and robust earnings delivery from the majority of the corporates," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Tuesday tracking overnight gains on Wall Street.

17.10 / 02:23

Law Citi Death Bitcoin show South Korean ‘Crypto Killers’ May Face Death Penalty

South Korean prosecutors have requested the death penalty for four suspects in a crypto murder-kidnap case that saw a woman abducted and murdered for her crypto holdings.

16.10 / 10:41

Provident Lowe's Manufacturing Exclusive-Britain, South Korea extend tariff-free trade on goods with EU links

By Sachin Ravikumar

16.10 / 10:00

Reuters Manufacturing Parke Experts show country reports Fearing China, South Korea targets contractors on Taiwan navy submarines

By Ju-min Park

16.10 / 06:49

Upbit Crypto regulations Crypto Exchange Upbit Receives In-Principle License Approval from Singapore

South Korea's leading cryptocurrency exchange Upbit by volume has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

16.10 / 05:39

economy COMPOSITE NIFTY Nikkei show performer Asian stocks Asian stocks weak as Middle East tensions persist, Nikkei tumbles

Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan’s Nikkei index leading losses amid jitters before key inflation data this week.

16.10 / 02:05

Reuters JPMorgan economy NIFTY SENSEX Weekend 6 things that changed for the stock market over the weekend - Gift Nifty to falling US consumer sentiment

Sensex fell 125.65 points, or 0.19%, to close at 66,282.74, while the Nifty 50 ended 42.95 points, or 0.22%, lower at 19,751.05. “The steady retail inflation in the US, the probability of further rate hikes in the US still remaining active, and the ongoing geo- political tensions, are factors that may dampen the market sentiment in the coming weeks too. But the reality of a strong domestic economy supports equities, and therefore, in any corrective downward movements it affords a significant amount of protection," said Joseph Thomas, Head of Research, Emkay Wealth Management.

16.10 / 01:43

Platform Whale reports prevention Tax Report Unveils Hundreds of South Korean Crypto Whales

Data from a new South Korean tax report has revealed details of hundreds of crypto whales with millions of USD worth of coins on overseas crypto exchanges.

16.10 / 01:19

business regulation Upbit exchanges Central Bank South Korean exchange Upbit gets initial license nod from Singapore

The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.

15.10 / 17:55

Blockchain Digital CEO Platform Bill composer OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors

On September 29, 2023, OpenTrade, a notable platform bridging traditional financial markets with digital asset realms, declared a strategic collaboration with WOO X, enabling its user base to tap into tokenized Treasury Bills (T-Bills) and avail USDC-collateralized loans against liquid assets on a blockchain infrastructure, according to WOO official blog. This initiative is engineered through OpenTrade's recent unveiling of tokenized T-Bills on Circle Research’s Perimeter Protocol.

15.10 / 08:17

Provident FIVE prevention South Korea to fine two Hong Kong banks for naked short-selling

SEOUL (Reuters) — South Korea's stock market watchdog said on Sunday it found two Hong Kong-based investment banks had engaged in naked short-selling, which would likely result in record fines.

14.10 / 17:45

Williams Manufacturing Remark awards President Critical Advancements: Spanish Navy’s MH-60R SEAHAWK Helicopter Fleet Upgrade

American aerospace giant Lockheed Martin has secured a contract from the US Navy to manufacture eight Sikorsky MH-60R SEAHAWK helicopters for the Spanish Navy (Navy). These helicopters are equipped with state-of-the-art mission systems and sensors specially designed for anti-submarine and anti-surface warfare.

13.10 / 13:55

business stocks Stock Market Indexes Returns Stock markets across Asia and Europe bleed red as interest rate woes returns

Asian and European stock markets faced sharp declines on Friday, with China spearheading the downturn as its September consumer price index showed no growth. Markets pundits say weak economic indicators from China could become a cause of concern for the global economy.

13.10 / 13:05

Art Entertainment BTS film band cover audience Training Training program for content creators: Neom Hub and Korean Film Council forge partnership in Saudi Arabia

Saudi Arabia near the Red Sea that is positioned to grow into a significant center for film and television production, has recently partnered strategically with the Korean Film Council (KOFIC). Establishing training programs for young Saudi content creators is the goal of this partnership, which represents an important step in Saudi Arabia's efforts to develop its film and television industry. These training sessions will be held in partnership with The Korean Academy of Film Arts (KAFA), South Korea's leading national film school, at Neom, a full-service production hub in Saudi Arabia.

13.10 / 08:15

UPS economy BTS band country concert stars Swiftonomics and Beyonce bump: How stars power economies

Taylor Swift and Beyonce raking it in with tours that are giving local economies a boost. Big-spending Swifties Swiftmania is at an all-time high, and it is leaping from the stadium to the cinema, where a film on Swift's Eras tour out Friday in over 100 countries worldwide has already clocked up more than $100 million in ticket pre-sales. The tour itself, which finishes in December 2024, is poised to become the first tour to make $1 billion.

13.10 / 06:29

Blockchain UPS CEO Southern reports S Korean Prosecutors to Probe ex-Kakao CEO Over Crypto ‘Embezzlement’ Allegations

South Korean prosecutors will launch a “full-scale investigation” into the former CEO of the tech powerhouse Kakao over crypto “embezzlement” claims.

13.10 / 04:25

UPS Provident Reuters economy show reports recovery China's narrowing trade slump boosts recovery prospects, but challenges persist

By Joe Cash and Liangping Gao

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