South Korea Financial News

agricultural products (Brazil), fuel (Gulf nations, Malaysia), minerals and ores (Chile, Peru, Australia), electronics and chips (South Korea, Japan) and machinery (Germany) to China. Of these, the risk is higher for economies where exports contribute significantly to GDP, because they face sharp growth downgrades if a slowing China cuts back on imports. This means that the US, which exports four times more to China in dollar terms than, say, Chile, is less directly impacted because the US economy is led by domestic consumption rather than exports.

Asian shares are mostly weaker in cautious trading ahead of the Federal Reserve’s looming decision on interest rates

By Engen Tham and Selena Li

Reuters reported. The meeting will involve senior officials at the deputy ministerial level from South Korea, Japan, and China.

Global Frontier Technology Ventures (GFT), a venture capital firm launched by former Nvidia and Samsung executives, on Tuesday said it has raised $140 million for its inaugural fund. The Palo Alto-headquartered fund will focus on investing in early-stage artificial intelligence (AI) startups and other firms focusing on cutting-edge science, known as «deep tech.»

UEFA Champions League 2023 campaign on Tuesday when they meet Borussia Dortmund in a Group F encounter. They will be under pressure despite it being the first match because they are up against Milan and Newcastle United too. The PSG have a new coach Luis Enrique, fourth in four seasons. Earlier, success eluded them under Thomas Tuchel, Mauricio Pochettino and Christophe Galtier.

Netflix currently boasts a collection of over 70 mobile games accessible on its platform. This extensive catalog of 74 mobile games for both iOS and Android users has been available since September 18, 2023. While gaming was initially a modest component of Netflix's offerings, it gained momentum over the years, with the introduction of a limited selection of games and VR experiences. The company's foray into the gaming industry expanded significantly in 2021, culminating in the introduction of Netflix Games as an integrated feature within the Netflix app in November 2021, as per a report on WhatsOnNetflix. «Vikings: Valhalla», Samurai Shodown, WrestleQuest, LEGO Legacy: Heroes Unboxed, Cut the Rope Daily, The Queen’s Gambit Chess, Too Hot to Handle 2: The Game, Sonic Prime Dash, Oxenfree II: Lost Signals, Bloons TD 6, Shovel Knight Pocket Dungeon, Dungeon Boss: Respawned, World of Goo: Remastered, TRANSFORMERS Forged to Fight, Laya’s Horizon, Vineyard Valley, Mighty Quest: Rogue Palace, Raji: An Ancient Epic, Terra Nil, Highwater, Dust & Neon, Tomb Raider Reloaded, and Valiant Hearts: Coming Home. Meanwhile, South Korean internet service provider SK Broadband and Netflix Inc said on Monday they were ending all lawsuits with each other, having earlier been in dispute over whether Netflix should pay for costs from increased network traffic and maintenance work. SK Broadband and parent SK Telecom announced in a joint statement with Netflix that they had agreed on a partnership to release joint products and seek ways to use artificial intelligence (AI) products being developed by SK.

By Heekyong Yang

With the final quarter of 2023 approaching, one winning strategy in emerging markets is becoming clearer: buying shares in smaller companies.

South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about their use for criminal activities. The financial regulators in the country are reportedly monitoring trading in the OTC crypto market.

Iran and the United States will exchange prisoners on Monday after some USD 6 billion once frozen in South Korea reached Qatar, a key element of the planned swap, officials said. The planned exchange comes just ahead of the United Nations General Assembly in New York, where Iran's hard-line President Ebrahim Raisi will speak.

Indian stock market indices, Sensex and Nifty are likely to open lower on Monday following weak global cues. Asian markets traded lower, while the US stock markets ended in the red last week. Foreign capital outflows, elevated crude oil prices and inflation concerns may cast shadow over the market, while strong domestic macroeconomic data with lower CPI and wholesale inflation are likely to provide comfort.

Investing.com-- Most Asian stocks fell on Monday as investors remained broadly risk-off before a string of major central bank rate decisions this week, with the Federal Reserve being the main point of focus.

South Korean regulators look set to turn their attention to the over-the-counter (OTC) crypto market, with indications regulation could be on its way.

Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet.

Joe Biden and world leaders to end fossil fuel use. With parades, concerts, and banging drums, some of the 15,000 expected waved signs that read «End Fossil Fuel Use» and "Fossil Fuels Kill" and «Declare a Climate Emergency.» One man was dressed as a melting snowman warning of rising sea levels. The message was for world leaders to save the planet from the use of oil and gas believed to be driving a warming globe. Sunday's protests were part of a week-long international effort by Climate Group, a non-profit whose purpose is to drive climate change action and stop global warming, with more than 500 protests planned in the US, Germany, England, South Korea, India and elsewhere, totaling 54 countries. Organizers of the protests expect a global turnout of more than a million people. «Climate Week NYC is all about getting it done,» organizers wrote online.

NEW DELHI : India must follow mindful and environmentally conscious consumption and production rather than the single-minded pursuit of growth at any cost, federal policy think tank NITI Aayog vice chairman Suman K. Bery said in an interview. Bery proposed that emerging economic realities, including the potential of services exports, India’s prospects of becoming an agriculture superpower, and the dwindling potential of the manufacturing sector to create jobs due to increased productivity, warrant a review of the traditional notions on which development models are built.

Indian football team will kick start their Asian Games campaign in the opener match against the host China on Tuesday. The Asian Games is scheduled to start from September 23 but the football event will begin from September 19, as per Olympics.com. The men's football event at the Asian Games starts on September 19 and will run till October 7. Since 2002, the men's football event at the Asian Games has been an under-23 affair, with each team allowed a maximum of three players above 23 years of age. There are 23 teams participating in the men's event, where they have been divided into five groups of four teams each and one group of three teams. The Indian men's football team is in Group A with hosts China, Bangladesh and Myanmar. The top two teams from each group and the four best third-placed teams across all groups will advance to the round of 16. The Republic of Korea are the defending champions and the most successful nation in men's football at the Asian Games with five titles.

BTS member Suga, whose real name is Min Yoon-gi, is set to commence his mandatory military service on September 22, according to an announcement made by BigHit Music, the management agency for the popular South Korean septet. On this day, and during his entry into the training camp, no official events will take place. BigHit Music issued a statement on the fan community platform Weverse, urging fans to show their support in their hearts while refraining from visiting Suga at his workplace during his service period. «SUGA will be beginning his required service on September 22.

rockets, robots, and observation innovation to support its availability and power survivability measures. India's proactive moves toward reinforce its tactical abilities mirror its obligation to guaranteeing public safety and readiness in an undeniably questionable international scene. The securing of cutting edge cannons, rockets, and observation innovation is a demonstration of the country's purpose to protect its boundaries and keep up with vital prevention. Under an ambitious capability development plan for the Army's artillery regiments, the procurement of approximately 300 indigenous advanced towed artillery gun systems (ATAGS) and 300 mounted gun systems (MGS) has already commenced, with requests for proposals (RFPs) issued for these potent 155mm/52-caliber guns.

DUBAI (Reuters) — Iran's Revolutionary Guards on Saturday detained a dual national suspected of «trying to organise unrest and sabotage», the semi-official Tasnim news agency reported, amid heightened security to thwart planned protests a year after a young woman's death in police custody.