Live News of South Korea April 20, 2024

Four Asian Powerhouses Impress In AFC U-23 Asian Cup

With three automatic spots at the men's football tournament of the upcoming Olympic Games up for grabs, the AFC U-23 Asian Cup has seen some of Asia's traditional football powerhouses assert their dominance early on. AfteRead More

Bank Of Korea Chief Monitoring Middle East Tensions For FX

The Bank of Korea chief is closely monitoring the escalating tensions in the Middle East as it could impact foreign exchange rates and economic growth outlook. The ongoing geopolitical uncertainties in the region have raisRead More

Japan And South Korea Unite Against Weak Currencies

Recent political tensions have prompted Japan and South Korea to consider collaborating on addressing the issue of weak currencies in the region. The International Monetary Fund (IMF) and World Bank have been closely monitRead More

Global Markets React To Tensions In Middle East

European markets opened lower and Asian stocks tumbled on Friday, with Japan’s Nikkei slumping 2.7% due to heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighRead More

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US Envoy Urges Nuclear Disarmament During Japan Visit

The American envoy to the United Nations urged countries possessing atomic weapons to prioritize nuclear disarmament during her visit to the atomic bomb museum in Nagasaki, Japan. Emphasizing the significance of dialogue aRead More

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South Korea Prepared To Stabilize FX Market With Decisive Action

South Korea's Finance Ministry has announced its commitment to taking decisive action if necessary to stabilize the foreign exchange (FX) market. This move comes amidst growing concerns over volatility in the currency markRead More

Exploring The Top 10 Impenetrable Border Fences And Walls

Border fences and walls play a crucial role in protecting countries from illegal immigration, smuggling, and other security threats. Here are the top 10 most impenetrable border fences and walls around the world:1. Israel-Read More

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South Korea Market Watchdog Urges Companies To Listen

The South Korean market regulator has issued a statement urging companies to pay close attention to the concerns and feedback of their shareholders. The Financial Services Commission of South Korea emphasized the importancRead More

US Ambassador Stands With Japan On Abduction Issue

Ambassador Linda Thomas-Greenfield expressed America's unwavering support for Japan in the quest to bring back Japanese citizens abducted by North Korea decades ago. Japan believes that at least 17 of its citizens were takRead More

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LG Electronics To Raise $1 Billion With Dollar Bonds

South Korea's LG Electronics is set to raise up to $1 billion through the issuance of dollar bonds, according to sources familiar with the matter. The move comes as the company aims to bolster its financial...Read More

Asian Shares Mixed As U.S. Interest Rates May Stay High

Asian shares traded mixed on Wednesday as concerns arose about the possibility of U.S. interest rates remaining high for an extended period. Japan's Nikkei 225 declined by 0.5% to 38,296.69, while Australia's S&P/ASX 200 sRead More

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US Allies Seek New Monitoring Mechanism For North Korea

The United States and its allies are exploring options to establish a new monitoring mechanism for North Korea's nuclear weapons program, both within and outside the U.N. system. This initiative comes after Russia vetoed aRead More

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US And Allies Propose New Panel To Monitor North Korea

South Korea, the United States, and their allies in Asia are advocating for the establishment of a new panel to oversee the enforcement of sanctions against North Korea. This move comes as part of ongoing efforts...Read More

Powell's Comments Impact Global Markets, Easing Hopes Diminished

Global markets took a hit as hopes for easing measures were dashed by Federal Reserve Chairman Jerome Powell's comments, causing a dent in market sentiment once again. Powell's remarks during a speech on Tuesday indicatedRead More

Global Markets React To Strong U.S. Retail Sales Report

Global stock markets experienced a downturn on Tuesday, influenced by a decline on Wall Street triggered by a report indicating higher-than-expected spending by American consumers. This surge in spending suggests a robustRead More

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World Bank Report: Income Gap Widens In Poorest Countries

A recent report by the World Bank has shed light on a concerning trend affecting half of the world's 75 poorest countries. For the first time in this century, these nations are experiencing a widening income...Read More

Allies Collaborate To Strengthen North Korea Sanctions Enforcement

Recent discussions between South Korea, the United States, and the United Nations have highlighted the allies' commitment to finding innovative approaches to enforce sanctions against North Korea. The U.S. envoy to the UNRead More

Asia Stocks Pull Back Amid Middle East Tensions

On Monday, Asia stocks experienced a decline as concerns over escalating tensions in the Middle East unsettled financial markets, prompting investors to seek safer investment options. Despite the turmoil in the Middle EastRead More

South Korea Finance Minister Vows Market Stability Measures

South Korea's Finance Minister has pledged to implement measures to address market volatility if necessary. The Finance Minister made this commitment in response to recent fluctuations in the financial markets. During a pRead More