Live News of South Korea April 25, 2024

South Korea Prepares New System To Detect Illegal Short Selling

South Korea is taking proactive measures to combat illegal short selling in the stock market by implementing a new system aimed at detecting such activities. The country's financial regulator is spearheading this initiativRead More

LG Energy Solution To Reduce Capex Amid Slow EV Demand

LG Energy Solution, a leading battery manufacturer, has announced its plans to reduce capital expenditure (capex) this year in response to sluggish demand for electric vehicles (EVs). The company's decision comes as a resuRead More

South Korea Q1 GDP Growth Exceeds Expectations

South Korea's economy showed resilience in the first quarter of the year as its GDP growth surpassed all estimates, raising doubts about the need for further policy easing measures. According to the latest data released bRead More

Asian Shares Rally Led By Semiconductor Gains, Oil Prices Rise

Asian shares have followed Wall Street's upward trend, with Tokyo's Nikkei 225 index leading the way with a 2.4% increase driven by strong performances from semiconductor manufacturers. The Nikkei 225 closed at 38,460.08,Read More

• Photos
  4

South Korea Considers Easing Bond Market Reporting Rules

South Korea is reportedly considering easing its bond market reporting rules, according to sources familiar with the matter. The potential move could have significant implications for the country's financial sector. The pRead More

• Photos
  3

North Korea Launches Suspected Short-Range Ballistic Missiles Into Sea

North Korea launched suspected short-range ballistic missiles into the sea on Monday, according to South Korean officials. The weapons were launched near Pyongyang and flew approximately 185 miles before falling in the watRead More

• Photos
  3

Exploring The Top 10 Film Festivals Worldwide

The Cannes Film Festival is one of the most prestigious film festivals in the world, held annually in Cannes, France. It showcases a wide range of international films and attracts top filmmakers, actors, and industry profeRead More

North Korea Conducts 'Super-Large' Rocket Launches Amid Tensions

North Korean leader Kim Jong Un oversaw the salvo launches of the country's 'super-large' multiple rocket launchers, as reported by the official Korean Central News Agency. The drills simulated a nuclear counterattack agaiRead More

• Photos
  4

North Korea Continues Weapons Testing Amid Diplomatic Standstill

North Korea fired a ballistic missile towards its eastern waters on Monday, as confirmed by South Korea's military. The launch, which occurred on Monday, is part of a recent series of weapons launches by North Korea....Read More

• Photos
  3

Asian Markets Rise Despite Tech Stock Blues On Wall Street

Markets in Asia, with the exception of Shanghai, showed positive momentum on Monday, disregarding the downturn on Wall Street where major technology stocks experienced their worst week since the onset of the COVID-19 pandeRead More

Nelly Korda One Shot Off Lead At Chevron Championship

The Chevron Championship saw an exciting third round as Nelly Korda shot a 3-under 69 to position herself just one shot off the lead entering the final round of the year's first major. The tournament faced...Read More

Israel To Summon Ambassadors Over UN Palestinian Membership Bid

Israel's foreign ministry is taking diplomatic action in response to the support shown for the Palestinian membership bid at the United Nations. Foreign Minister Israel Katz announced that ambassadors from various countrieRead More

• Photos
  3

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

• Photos
  8
• Stories
  

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

• Photos
  6

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

• Photos
  3

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