Category: Koreas
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South Korea’s Exports Sputter as Risks Rise in Chips and Tariffs
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Bread path links PMN Business South Korea’s exports lost growth momentum in February with weakening the demand for semiconductor and officials to involve the United States in the hope of avoiding success from the Donald Trump tariff campaign. The author of the article: Bloomberg News Sam Kim and Sue Hyang…
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US Cracks Down on North Korea’s Crypto-Fueled Money Laundering Network
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According to another ReportsThe United States has made efforts to disrupt illicit cryptocurrency-related networks supporting the North Korean government, announcing sanctions on two individuals and one entity in the United Arab Emirates. In particular, the US Treasury Department said that the parties acted as front companies for the North Korean…
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South Korea’s Whirlwind Stint in Martial Law Jolts Markets
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(Bloomberg) — South Korean President Yoon Suk-yul’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then reverse course just as quickly — sent shockwaves through the country’s offshore-traded assets and caught fire globally. Markets were caught off guard,…
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Ex-Goldman Banker Turned PE Billionaire Takes On Korea’s Chaebol
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Breadcrumb links BMN Business In his 2020 bestseller, the lead character of billionaire dealmaker Michael Byung-Ju Kim is a young banker who finds himself entangled in the dealings of South Korea’s richest families. Article writer: Bloomberg News Heesu Lee and Felipe Pacheco Posted on October 29, 2024 • 5 minute…
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Asia markets in red, investors access South Korea’s inflation data; eyes on US jobs report
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never Asia-Pacific stock markets were mostly in the red on Tuesday, driven by investor reactions to the latest inflation data from South Korea. Traders are now awaiting U.S. payrolls data, due on Friday, along with local data from China, including a fresh set of purchasing managers’ indices. The figures are…
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South Korea’s SK On in talks to supply prismatic EV batteries as it seeks turnaround By Reuters
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By Heekyung Yang SEOUL (Reuters) – South Korean electric vehicle battery maker SK ON is in talks with automakers to supply prismatic batteries and expand its existing pouch battery range, a senior company executive said, as it struggles to improve performance amid slowing global demand for electric vehicles. SK ON,…
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South Korea’s Naver-backed Webtoon shares jump about 14% in Nasdaq debut By Reuters
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Written by Arasu Kannagi Basil and Joyce Lee (Reuters) – Shares of online comics platform Webtoon Entertainment surged as much as 14.3% above their initial public offering price in their Nasdaq debut on Thursday. The stock opened at $21.30, giving the company a valuation of $2.71 billion, and traded as…
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South Korea’s Ministry of Justice forms task force to damper crypto crimes
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South Korea’s Ministry of Justice has launched a special task force to combat the growing spread of cryptocurrency crimes, signaling a major crackdown on fraud and market manipulation. South Korea is intensifying its efforts to crack down on market manipulation and fraud in the cryptocurrency industry by establishing a special…
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South Korea’s Ministry of Justice forms task force to damper crypto crimes
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South Korea’s Ministry of Justice has launched a special task force to combat the growing spread of cryptocurrency crimes, signaling a major crackdown on fraud and market manipulation. South Korea is intensifying its efforts to crack down on market manipulation and fraud in the cryptocurrency industry by establishing a special…
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South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?
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The price of Bitcoin kimchi in South Korea has fallen significantly amid a broader market decline, indicating weak enthusiasm among digital asset investors in the country. according to Data From CryptoQuant The price of Bitcoin Kimchi fell 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium…
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South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?
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The price of Bitcoin kimchi in South Korea has fallen significantly amid a broader market decline, indicating weak enthusiasm among digital asset investors in the country. according to Data From CryptoQuant The price of Bitcoin Kimchi fell 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium…