South Korea Financial News

The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024.

Pooja Gehlot lost to two-time Asian Champion Japan's Remina Yoshimoto in the women's freestyle 50kg semifinal and will play for bronze medal at the 19th Asian Games Asian Games, here on Thursday. The Japanese secured a victory by technical superiority over the Indian. Pooja will wrestle, next with Aktenge Keunimjaeva in the bronze medal bout. Two-time reigning U20 champion Antim Panghal, too, will feature in the women's 53kg bronze medal bout against Tokyo 2020 Olympic bronze medallist Bolortuyaa Bat-Ochiryn. Reigning Asian Champion, Antim, who lost her quarterfinal bout Japan's Akari Fujinami by Fall, advanced to the bronze medal bout via repechage, wherein she received a bye. Meanwhile, Naveen, won his Greco-Roman 130kg repechage bout against Timothy Yu Loh of Singapore while Mansi Ahlawat beat the South Korea's Jeongjae Bark in the women's 57kg freestyle repechage.

SEOUL (Reuters) — South Korea's central bank governor said there was a high possibility interest rates would stay higher for longer and there was a need to improve the system to better supply liquidity in case of unexpected financial instability.

The South Korean video games giant Netmarble has made a blockchain gaming breakthrough with its subsidiary’s coin set to be listed on the Japanese crypto exchange Zaif.

Nifty 50 closing below 19,500 level. investors will now focus on the Reserve Bank of India (RBI) monetary policy decision to be announced on Friday and the upcoming corporate earnings season. “We expect weakness to persist in the market in the coming weeks till the headwinds recede.

Get ready for the return of mystery Chinese bidders. Herbert Smith Freehills is forecasting a pickup of Asian interest in Australia’s public companies after the region’s bidders deserted the local deals landscape in the last 12 months.

South Korea joins a growing number of nations researching central bank digital currencies (CBDCs). The Bank of Korea (BOK) will launch the pilot project, exploring the technical infrastructure for a digital currency. 

Asian markets are trading sharply lower after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high

Take a look at the schedule for Team India today, October 4: 4:30 am: 35km Race Walk Mixed Team - Manju Rani, Ram Baboo 16:30 pm: Men’s High Jump Final - Sandesh Jesse, Sarvesh Kushare 16:35 pm: Men’s Javelin Throw Final - Neeraj Chopra, Kishore Kumar Jena 16:40 pm: Women’s Triple Jump Final - Sheena Nellickal Varkey 16:55 pm: Women’s 800m Final - Harmilan Bains, KM Chanda 17:10 pm: Men’s 5000m Final - Avinash Sable, Gulveer Singh 17:45 pm: Women’s 4 x 400m Relay Final - India 18:05 pm: Men’s 4 x 400m Relay Final - India (Muhammad Anas Yahiya, Amoj Jacob, Nihal William, Mijo Kurian) 6:00 am: Men’s Team Group A match - India vs Thailand 1:30 pm: Women’s Team Group A match - India vs Thailand 6:10 am: Compound Mixed Team Quarterfinal - India vs Malaysia 11:50 am: Recurve Mixed Team Quarterfinal - India vs Indonesia 6:30 am: Jumping Individual and Team Qualifier Round 1 - Kirat Singh Nagra, Tejas Dhingra, Yash Nensee 11:30 pm: Jumping Individual Qualifier Round 2 and Team Final Round - Kirat Singh Nagra, Tejas Dhingra, Yash Nensee 6:30 am onwards: Men’s Team Semifinal Session 4, 5 and 6 7:30 am onwards: Men’s Greco Roman 67kg 1/8 final - Neeraj 7:30 am onwards: Men’s Greco Roman 87kg 1/8 final - Sunil Kumar 7:30 am onwards: Men’s Greco Roman 60kg 1/8 final - Gyanender Dahiya 7:30 am onwards: Men’s Greco Roman 77kg 1/4 final - Vikas 7:30 am: Women’s Singles Round of 16 - PV Sindhu vs Putri Wardani (Indonesia) 7:50 am: Men’s Singles Round of 16 - HS Prannoy vs Dmitriy Panarin (Kazakhstan) 8:10 am: Women’s Doubles Round of 16 - Treesa Jolly/Gayatri Gopichand vs H Kong/ S Kim (South Korea) 8:30 am: Mixed Doubles Round of 16 - Tanisha Crasto/SP Krishna Prasad vs Ew Too/TJ Chen (Malaysia) 9:10 am: Men’s Doubles Quarterfinal -

Sensex declined 316 points to end at 65,512, while the Nifty 50 fell 110 points to 19,529 on Tuesday. “Given the global concerns of more US rate hikes along with 16-year high US 10-year bond yield and 7-month high Dollar Index, the sentiments remain dented and thus is resulting in profit booking. In the near term, we expect this weakness to persist with stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

By Tom Westbrook

Japan is aiming to become a crypto and Web3 “powerhouse,” South Korean analysts and experts believe – but some think Seoul still has what it takes to surpass Tokyo.

Krafton’s India division is launching its maiden gaming-focused incubator programme for Indian startups. The incubator programme will enrol between six to ten “teams” every year, and offer between $50,000 and $150,000 as funding support, with “exceptional” teams getting up to $250,000, the firm said in a statement. It will be open to early-stage startups, as well as students and independent developers.

SEOUL (Reuters) — South Korea's factory output unexpectedly jumped in August by the fastest rate in more than three years, official data showed on Wednesday.

A recent report from Chainalysis suggests that Hong Kong could play a significant role in reviving crypto activity in the East Asian region, which has faced challenges due to a China-wide ban on crypto trading activities since 2019.

The research division of the South Korean crypto exchange Korbit revealed that the amount of overseas digital assets reported by domestic corporations and individuals to the National Tax Service, “may be inflated.”

equity markets witnessed decent gains on Friday with both the benchmark indices ending around half a percent higher. The Nifty 50 ended the month of September with a gain of 2% while the Sensex rose 1.5%. Investors will now focus on the Reserve Bank of India’s (RBI) monetary policy outcome this week and the upcoming quarterly earnings.

CNBC report. Other than falling trend of travelling in many countries, leisure travelling continues to be popular in countries like China, Mexico, Japan, and Brazil, reported CNBC citing Morning Consult’s “The State of Travel & Hospitality" study published in September. At the global level, the falling interest in travelling in most of the countries can be explained by the fading away of the phenomenon of ‘revenge travelling’.

Bankrupt South Korean yield platform Haru Invest says it will return users' assets, although no particular timeframe is given.

Parul Chaudhary and Priti secured silver and bronze medals respectively in the women's 3000m steeplechase but they were left chasing the shadow of Bahrain's Yavi Winfred Mutile, who set an Asian Games record on way to defending her title here on Monday. Parul clocked 9:27.63 seconds, which was more than nine seconds behind the Bahrain runner who took the top podium finish in 9:18.28, a new Games record.

Shares are mostly lower in Europe and Asia even after the U.S. Congress averted a U.S. government shutdown