Korea Finance

Inside South Korea’s Blue House, home of presidents for 74 years

South Korea’s Blue House, or Cheong Wa Dae, has served as the official residence and office of the president since the government was established in 1948. The Blue House sits at the foot of Bukhansan Mountain and is adjacent to Gyeongbokgung Palace. Elizabeth Beard/Getty Images Built in 1991 on the …

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US calls for UN Security Council meeting on North Korea | New Weapons

The meeting, which diplomats say will take place on Wednesday, comes after Pyongyang conducted the 15th missile test this year. The United States has called for a meeting of the UN Security Council (UNSC) later this week to discuss North Korea, diplomats have said, as Washington pushes the 15-member body …

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Shinhan Chief, UK Minister Discuss Climate Efforts in Financial Sector

From left, British Ambassador to Korea Colin Crooks, British Environment Minister Zac Goldsmith, Shinhan Financial Group Chairman Cho Yong-byeong and Shinhan Managing Director of Global Affairs Seo Seung-hyeon pose for a photo at the Korean Bank’s headquarters in central Seoul on Friday. (Shinhan Financial Group) Shinhan Financial Group Chairman Cho …

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Fetal Monitoring Market Research Report by Product, Portability, Method, Application, End-User, Region – Global Forecast to 2027

ReportLinker Fetal Monitoring Market Research Report by Product (Accessories & Consumables, Electronic Maternal/Fetal Monitors and Fetal Doppler Devices), Portability, Method, Application, End-User, Region (Americas, Asia Pacific & Europe, Middle East and Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19 New York, May 06, 2022 (GLOBE NEWSWIRE) — …

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Tesla’s most ‘future-ready’ automaker, China’s BYD on the rise: report | Business and economy

Tesla is the most “future-ready” automaker, while Chinese rival BYD has made the most progress in improving its resilience, according to an index compiled by a leading business school. Elon Musk’s electric vehicle (EV) company ranked first in preparedness for future crises for the fourth straight year, while Shenzhen-based BYD …

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Beijing concerned about rising tensions in North Korea, says envoy in Seoul

By Josh Smith SEOUL (Reuters) – Beijing is concerned about the tense situation on the Korean peninsula, China’s envoy for Korean affairs said when he arrived for talks in Seoul this week, adding that the symptoms and the root cause of the tensions. Amid stalled denuclearization talks, North Korea has …

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North Korea’s Lazarus APT Targets Blockchain Firms With Crypto-Stealer Malware

A joint cybersecurity advisory from the Federal Bureau of Investigation (FBI), Cybersecurity and Infrastructure Security Agency (CISA), and Treasury Department warns of North Korea’s Lazarus APT targeting blockchain companies. The advisory states that the Lazarus Advanced Persistent Threat (APT) group is targeting cryptocurrency companies with Trojan-protected Windows and macOS cryptocurrency …

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South Korea to end mandate for outdoor masks

South Korea will lift its outdoor mask mandate next week in response to a steady decline in Covid-19 cases after a surge fueled by Omicron. The announcement comes after the South Korean government scrapped nearly all other social distancing measures earlier this month, ending two years of strict requirements that …

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EY joins Alliance to End Plastic Waste, improving measurement through deep cross-industry experience

EY joins Alliance to End Plastic Waste, improving measurement through deep cross-industry experience EY will work with the Alliance to design metrics to help unlock funding to end plastic waste EY brings global experience in the chemicals and manufacturing sectors EY’s upcoming projects will focus on measuring the success and …

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NDC Partnership Provides Developing Countries with Enhanced Financing Tools to Accelerate Implementation of Climate Action

MONTEGO BAY, Jamaica, April 26, 2022 /PRNewswire/ — Developing countries will have access to new financing and climate finance tools to fight climate change, thanks to a financing strategy launched by the NDC partnership in Montego Bay, Jamaica. The Right Honorable Andrew Holness, Premier of Jamaicalaunched the new strategy with …

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Inflation in South Korea is the 2nd highest in Asia according to the IMF

A supermarket in Seoul. (Yonhap) The International Monetary Fund said inflation in South Korea will hit 4% this year, second only to New Zealand on a list of eight advanced economies in the Asia-Pacific region, partly because of the war in Ukraine. The projection comes as Asia’s fourth-largest economy is …

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JinkoSolar’s subsidiary, Jinko Solar Co., Ltd., announces certain preliminary unaudited financial results for the first quarter of 2022

SHANGRAO, China, April 22, 2022 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the world’s largest and most innovative solar module manufacturers, today announced certain unaudited preliminary financial results for the three months are finished March 31, 2022. For the three months ended March …

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G-20 finance chiefs to focus on inflation, may split on Russia

Finance chiefs from the Group of 20 major economies are set to begin a one-day meeting in Washington on Wednesday with the aim of tackling global inflation, which has been accelerated by Russia’s invasion of Ukraine. But the rally can only demonstrate the rift within the group, as Russian Finance …

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Business news, strategy, finance and company insights

India’s benchmarks, the BSE Sensex and NSE Nifty, are set to open lower on Monday, reflecting weakness in Asian peers and a negative finish on Wall Street on rate hike fears. Negative trends on SGX Nifty also signaled a lower open for domestic exchanges, with SGX Nifty futures trading 80 …

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OFAC Update Claims Ronin Hack Is Linked To North Korean Hacker Syndicate Lazarus

According to the US Treasury and the Office of Foreign Assets Control (OFAC), the recent Ronin Bridge hack may have been linked to the North Korean hacker syndicate called Lazarus Group. Federal law enforcement officials have linked the reported Ethereum address linked to the Ronin Bridge exploit to the hacker …

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Dedoco partners with finance companies to offer Sign with Singpass, further simplifying the KYC process for FinTech MSMEs

SINGAPORE, April 13, 2022 /PRNewswire/ — Dedoco, a decentralized document management and digital workflow platform, today announced that it has partnered with finance companies, South East Asia largest SME digital finance platformmto enable Micro, Small and Medium Enterprise (MSME) customers Singapore sign loan contracts through the country’s digital signature service, …

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(April 11 Korea JoongAng Daily EDITORIAL)

Capacity and diversity matter On Sunday, President-elect Yoon Suk-yeol nominated candidates to head eight ministries. Announcing the nominations at a press conference, Yoon said he bases his decisions on individuals’ expertise in their fields. The president-elect also stressed that he did not take into account the regional origin of the …

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Campaign finance watchdog slaps massive fine on Trump’s super PAC donation of foreign national

The fine is the third largest in FEC history, according to the Campaign Legal Center, the nonprofit group that filed the original complaint over the donations in 2019. “We applaud the FEC for doing their job. Imposing this severe sanction helps protect voters’ voices from being drowned out by foreign …

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Google can’t punish developers over payment workarounds

The Korea Communications Commission (KCC) said on Tuesday (April 5) that US tech giant Google cannot stop South Korean app developers from using payment bypasses, meaning the company is losing its edge on digital sales commissions, according to a Wall Street Journal report on Tuesday (April 5). Google had been …

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Korea and Vietnam discuss using technology to collect taxes

Commissioner of Korea’s National Tax Service Kim Dae-ji, left, poses with Director General of Vietnam’s General Department of Taxation Cao Anh Tuan in Seoul on Monday. [NATIONAL TAX SERVICE] The heads of Korea’s and Vietnam’s tax agencies met in Seoul to discuss tax challenges facing Korean businesses and digital technology …

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Adyen goes beyond payments and announces integrated financial products

AMSTERDAM, March 31, 2022 /PRNewswire/ — Adyen (AMS: ADYEN), the global financial technology platform of choice for large enterprises, today announced its expansion beyond payments to create integrated financial products. These products will allow platforms and marketplaces to create tailored financial experiences for their users, such as small business owners …

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Energy import costs are increasingly affecting trade

Korea’s import cost of crude oil, gas and coal for the first 80 days of this year jumped 85.4 percent from a year earlier. The Korean Customs Service announced on March 28 that the cost of crude oil, gas and coal imports from South Korea for the first …

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Russia risks becoming the new North Korea

JPMorgan’s Tingting Ge says trade diversion to China is “technically feasible” but would be limited by capacity, transportation costs and geopolitical concerns. “Concerns about the risks of secondary sanctions will also reduce the incentive for China to significantly increase imports from Russia and play a re-export role,” she said. “We …

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Green innovation is the hallmark of emerging leaders in MIT Technology Review Insights’ annual global decarbonization rankings

CAMBRIDGE, Mass., March 24, 2022 /PRNewswire/ — Produced by MIT Technology Review Insights in association with Morgan Stanley, Citrixand Iris Ceramica GroupThe Green Future Index 2022 is the second annual comparative ranking of 76 countries and territories on the progress and commitment they are making towards a green future by …

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Asian banks ‘fall short’ of decarbonization efforts – study

A villager walks past a coal-fired power station on the outskirts of Datong, Shanxi province November 20, 2009. REUTERS/Jason Lee Join now for FREE unlimited access to Reuters.com Register SHANGHAI, March 23 (Reuters) – Asian banks are “failing” to meet global commitments to tackle climate change and align with their …

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Korean family saga Pachinko is Apple’s best show yet

When Apple TV Plus launched in fall 2019, it promised to bring unique and powerful content from “the world’s greatest storytellers”. But over the past two years, the platform’s idea of ​​what constitutes “the world” seems to have been limited to two non-English originals and three international co-productions. None were …

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AfDB to help Indonesia raise funds for $32 billion new capital

SEOUL: South Korean President-elect Yoon Suk-yeol’s decision to use the country’s gender wars as a campaign platform for his successful election earlier this month may have backfired.Yoon, who won an unprecedented close election on March 9, had pledged to abolish the government’s gender ministry, a pledge that helped engage young …

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Hawaiian Airlines ‘preparing for Japanese market’: CEO

As Japan begins to open its borders to outbound travel after a three-month restriction in response to the Omicron variant, Pacific airlines are gearing up to reap the benefits of increased travel activity to and from originating from the East Asian nation. “We are preparing for the opening of the …

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Everest Medicine license agreement extended to include South Korea

STOCKHOLM, March 14, 2022 /PRNewswire/ — Calliditas Therapeutics AB (Nasdaq: CALT, Nasdaq Stockholm: CALTX) (“Calliditas”) today announced that the company has expanded its licensing agreement with Everest Medicines II Limited (HKG: 1952) (“Everest”) to expand the territory covered to include South Korea. “We continue to have a fruitful and positive …

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Why The Villains Of The World Are On The Rise

With Russia’s invasion of Ukraine bringing us images of murdered civilians, bombed maternity wards and the horror of urban warfare, we really have to wonder about the human race. How come 145 million Russians allow someone like Putin to rule over them? The answer to this question of course has …

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UPDATE 1-North Korea’s Kim orders expansion of ICBM launch site – state media report

(Adds details, context, South Korea’s assessment of recent tests) SEOUL, March 11 (Reuters) – North Korean leader Kim Jong Un has called for expanding his intercontinental ballistic missile (ICBM) launch site into a “state-of-the-art forward base” in order to become a space power, reported the state media KCNA on Friday. …

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Vladimir Putin “manipulates” Emmanuel Macron and the West on the ceasefire, according to Kiev

BBritish politicians are using the ‘Russian situation’ to grab their own dividends as it ‘overshadows local political collapse’, Russian journalist Alexander Khabarov wrote in a column for RIA News today. Writing about Dominic Raab’s comments on the possibility of sanctioning Russian oligarchs and limiting their access to expensive British law …

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Arowana launches staking service to boost token security

SEOUL, Korea, March 04, 2022 (GLOBE NEWSWIRE) — Arowana, a decentralized intermediary platform that connects creators and buyers and the NFT marketplace where only creators who have passed verification can sell, has launched a new staking service. On March 2, Arowana (ARW) announced plans to launch the Staking Service, which …

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Open Data Platform from Disney to Horizon Media; South Korea pledges ₩223.7 billion for Metaverse

In today’s ExchangeWire news digest: Disney has reached an agreement with Horizon Media to open its data platform for brand measurement; South Korea pledges £223.7bn (£139m) to develop national metaverse; and ITV launch the UK’s first AVOD/SVOD platform, ITVX. Disney’s open data platform to Horizon Media under new deal Multinational …

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Russia scrambles to maintain oil sales, driving economy

In its sanctions campaign against Russia, the United States and its allies are doing everything possible to spare energy shipments and keep economies buzzing and voters warm. The oil market went on strike anyway. Acting as if energy is in the crosshairs of Western sanctions officials, refiners are reluctant to …

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South Korea Bans Exports of Strategic Items to Russia, Joins SWIFT Sanctions

SEOUL (Reuters) – South Korea will tighten export controls against Russia, banning exports of strategic items, and join moves by Western countries to block some Russian banks from the SWIFT international payments system, a announced the Seoul Foreign Ministry on Monday. The Korean government has also decided to promote the …

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Health insurance scores ‘surplus’ as Covid-19 slashes other medical costs

Korea’s public health insurance posted a “surplus” of 2.82 trillion won ($2.34 billion) last year. At the start of “Moon Jae-in care” – a policy to expand health insurance coverage – concerns grew about the depletion of health insurance finances. However, the prolonged Covid-19 pandemic over …

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World Summit ends with a million rallies of hope and renewed calls for unity on the Korean Peninsula

The Summit attracted participants from some 160 nations Washington, DC, Feb. 22, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE World Summit ends with a million rallies of hope and renewed calls for unity on the Korean Peninsula The 2022 World Summit (Korean Peninsula Peace Summit) ended with global encouragement, practical …

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Limited coastal exploration

Coastline Exploration signs seven production sharing agreements in the Federal Republic of Somalia HOUSTON, February 21, 2022 /PRNewswire/ — Coastline Exploration Limited (“Littoral“), the upstream oil and gas company focused on East Africaannounces that it has signed seven production sharing agreements (“PSAs“) covering the deepwater offshore blocks of the Federal …

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G-20 finance chiefs pledge to monitor geopolitical risks and act on inflation

Finance chiefs from the Group of 20 advanced and emerging economies agreed on Friday to keep an eye on geopolitical risks amid growing concern over a possible Russian invasion of Ukraine, while pledging to take the necessary steps to contain inflationary pressures as oil and food prices rise. In a …

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PiLab Technology (BIFROST) Raises $8.4M in Series A Funding Led by Korea Investment Partners and STIC Ventures

Korea’s two leading venture capital and private equity firms, Korea Investment Partners and STIC Ventures, are known for their past investments in unicorns, including South Korean internet giant Kakao Corp. and entertainment company HYBE. Tracking their seed funding cycle from $3.3 million In 2019, Korea Investment Partners continues this latest …

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Vietnamese Foreign Minister meets with Speaker of South Korean Parliament, Deputy Prime Minister

February 14, 2022 SEOUL – Vietnamese Foreign Minister Bùi Thanh Sơn met with Speaker of the National Assembly of the Republic of Korea (RoK) Park Byeong-seug and Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea Hong Nam-ki in Seoul on February 11. President Park …

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Tower Finance announces the launch of Algorithmic

SEOUL, Korea, Feb. 12 2022 (GLOBE NEWSWIRE) — Recently, Tower Finance proudly announced the launch of its Algorithmic Stablecoin. Algorithm-based stablecoins are new cryptocurrency variants designed to provide better price stability. In today’s market, more and more users are getting interested in it, as it can also help balance the …

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South Korea mulls extending fuel tax cut until April

[Photo by Park Hyung-ki] South Korea plans to extend the fuel tax cut due to end in April to reduce the fuel burden on the public amid soaring international oil prices due to escalating tensions between Russia and Ukraine. On Wednesday, Korea’s Ministry of Commerce, Industry and Energy held a …

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BLUE OCEAN TECHNOLOGIES AND SAMSUNG SECURITIES ANNOUNCE STRATEGIC PARTNERSHIP OFFERING U.S. EQUITY TRADING DURING LOCAL BUSINESS HOURS IN ASIA PACIFIC

Samsung Securities goes live giving clients real-time access via Blue Ocean ATS Seoul becomes first Asian market hub to launch US stock trading day from Korea NEW YORK and SEOUL, February 7, 2022 /PRNewswire/ — Blue Ocean Technologies LLC (BOT), a global fintech leader in after-hours commerce and the holding …

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Global Spectroscopy Market (2021 to 2026)

DUBLIN, February 3, 2022 /PRNewswire/ — The report “Global Spectroscopy Market (2021-2026) by Technology, Application and Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer. Research and Markets Logo The global spectroscopy market is estimated at $12.25 billion in 2021 and is …

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Indonesian rupiah businesses amid weak Asian currencies during the holidays

Asian currencies mixed in a thin trade Stocks from Japan, India and the Philippines rise China, South Korea, Malaysia, Taiwan and Singapore are closed for the holidays Feb 2 (Reuters) – The Indonesian rupiah strengthened on Wednesday after the country’s finance minister took a cautious stance on the timing of …

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New technology drives South Korea’s IPO boom

More than 20 companies went public in South Korea’s main market last year, raising about $14 billion, nearly double the previous record set in 2010. Last year was a banner year for IPOs around the world, and South Korea was no exception. And 2022 is shaping up to be another …

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South Korea’s cigarette sales remain stable in 2021 year on year despite the pandemic

SEOUL, 28 Jan. (Yonhap) — South Korea’s cigarette sales were nearly unchanged last year from a year earlier, but demand for e-cigarettes increased amid the protracted pandemic, the Chinese government said on Friday. Ministry of Finance. South Korean smokers purchased 3.59 billion 20-cigarette packs in 2021, a similar number to …

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US stocks reverse heavy losses as buyers step in

Shares on Wall Street ended higher on Monday after investors took advantage of a sharp decline early in the session to snap up discounted stocks. The S&P 500 index stock gained 0.3%, reversing a midday decline of up to 4%. At its lows, the blue-chip U.S. benchmark was more than …

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South Korea pays Iran’s $18 million in unpaid UN dues with frozen funds | Political news

Tehran expected to regain its vote in the UN General Assembly after Seoul paid $18 million in dues using $7 billion in Iranian funds frozen due to US sanctions. Iran is expected to regain its right to vote in the UN General Assembly after South Korea paid Tehran’s unpaid dues …

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Geely and Renault formally agree to cooperation in South Korea – Business & Finance

BEIJING (Reuters) – China’s Geely Holding and France’s Renault have officially reached an agreement to jointly design and produce hybrid electric and gasoline-powered vehicles in South Korea for sale there, as well as for export, a joint statement said. of the two automotive groups. The new vehicles, based on Geely’s …

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OECD leading index for South Korea drops for 5th straight month in DecemberNews

A leading index that shows how South Korea’s economy will fare over the next half year fell for the fifth straight month in December. The Organization for Economic Co-operation and Development said on Thursday that the composite leading indicator, or CLI, for South Korea’s economy stood at 101.2 for December, …

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Lee is committed to creating more than 3 million jobs through digital and energy transformation

Ruling party presidential candidate Lee Jae-myung (C) announces his vision for job growth during a campaign event at the Democratic Party headquarters in Seoul on Tuesday. (Yonhap) Ruling party presidential candidate Lee Jae-myung unveiled his vision for job growth on Tuesday, pledging to create more than 3 million jobs by …

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The Korea Fund, Inc. (NYSE:KF) Brief Interest Update

The Korea Fund, Inc. (NYSE:KF) saw significant short interest growth in the month of December. As of December 31, there were short interests totaling 7,400 shares, a growth of 76.2% from the total of 4,200 shares as of December 15. Based on an average daily volume of 8,600 shares, the …

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The United States will represent 60% of the world’s computing power in 2 years

The vulnerability of Kazakhstan’s bitcoin mining industry was highlighted last week, when the country’s internet was shut down amid anti-government protests, sparked by rising energy prices. The world’s second-largest miner has seen its hash rate, or computing power that secures bitcoin, drop by double digits, down dramatically from the 18.1% …

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Biden imposes first sanctions on North Korea’s weapons program after missile tests

By David Brunnstrom and Chris Gallagher WASHINGTON (Reuters) – The Biden administration on Wednesday imposed its first sanctions on North Korea’s weapons programs following a series of North Korean missile launches, including two since last week. The sanctions targeted six North Koreans, one Russian and one Russian company, according to …

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S. Korean won best day in more than a month on rate hike hopes

Thai stocks, baht gain after central bank assurance Singapore stocks gain the most, driven by Singtel’s rise Jan. 11 (Reuters) – The South Korean won dominated the gains of Asian currencies on Tuesday, as bullish economic data raised prospects for higher interest rates, while telecoms stocks held down shares of …

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South Korea boosts Nigeria’s solar projects with $ 12.4 million

South Korea has allocated $ 12.4 million to finance the installation of solar mini-grids in rural Nigeria. The project, led by the Korea Institute for Technological Advancement (KIAT), is expected to begin in April 2022. With its “30:30:30 Vision”, Nigeria hopes to have 30 GW of installed electricity capacity by …

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The POSCO group will participate in CES 2022, the world’s largest exhibition of IT and electronics convergence.

LAS VEGAS, January 7, 2022 / PRNewswire / – The POSCO Group will present the “POSCO Venture Platform” to learn about and invest in the group’s future growth activities at CES 2022, to be held in Las Vegas for 3 days from January 5and set up a showroom in collaboration …

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Nuclear and natural gas taxonomy battles brewing in Europe and South Korea

A project to leak the European Commission’s proposal to qualify certain natural gas and nuclear power plants as “transitional” or “green” investments has caused some members of the European Union (EU) to retreat. Critics are also mounting in South Korea, where liquefied natural gas (LNG) has been included in its …

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Likely North Korean defector sneaks across South Korean border to remote Kim Jong Un country

Seoul – The South Korean military said on Monday that a man suspected of being a North Korean who defected to the south had crossed the border on his way back North Korea on new year’s day. The unidentified individual managed to break into the heavily armed demilitarized zone and …

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Bitcoin Investors In The Buying Frenzy As Prices Go Down; SHIB loses despite good news

The global crypto market reported losses throughout New Years Day. The market cap at 4:01 p.m. was $ 2.22 trillion, down 1.65%, according to coinmarketcap data. Trading volume is also down 11.45% to $ 83.24 billion, which could be a mixed signal given a weak market start for 2022. In …

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Sensex and Nifty extend their earnings through heavyweights in banking and finance; CMS Info Systems lists pop at Rs 218.25

Sensex and Nifty extend their earnings through heavyweights in banking and finance; CMS Info Systems lists at Rs 218.25 a pop | Photo credit: iStock images India’s benchmark stock indexes extended their gains after starting the last day of the year on a positive note, supported by gains in heavy …

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Exclusive interview | Max Krupyshev, CEO of CoinsPaid: Gateway from Traditional Finance to Cryptocurrency

CoinsPaid is a crypto processing project that helps businesses pay wages with crypto and receive crypto as payment. It is a bridge between traditional finance and cryptocurrency. Max Krupyshev is the CEO of the CoinsPaid ecosystem and the CryptoProcessing payment gateway. The Ukraine-born entrepreneur entered the crypto world in 2013 …

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Blessed are the peacemakers – Korea IT Times

By Emmanuel Pastreich I want to wish you the best for the holidays and a merry Christmas to all. The United States was established explicitly as a government without religion for a good cause and we have always had a strong tradition of openness without the terrible struggles that tore …

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Everything you need to know to start trading on December 24

Adani Companies: Incorporates the names of wholly owned subsidiaries Adani Data Networks Ltd. Logistics Allcargo: The board of directors has approved a split plan in which all container freight stations, inland container depots and all other related logistics activities of the company will be merged into Allcargo Terminals Pvt. Ltd. …

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LG Energy, India’s LIC tops Asia’s major IPOs to watch next year

(Bloomberg) – The giant ad queue in Asia next year includes the world’s second-largest battery maker in Seoul and an insurer with more than 1.2 million agents and 100,000 employees in Mumbai. Chinese issuers’ mega-operations in Hong Kong, meanwhile, may take some time to resume. Bloomberg’s Most Read India and …

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Asia IPOs face headwinds after record year of fundraising

(Bloomberg) – After a record year of stock quotes, Asian companies may struggle to repeat success in 2022 given the prospect of rising interest rates and China’s tightening grip on big technologies. Bloomberg’s Most Read Thanks to a meteoric first half in the midst of a global boom, initial public …

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Employees frustrated by inflation

Employees frustrated by inflation – Korea Times Finance 2021-12-17 15:00 Employees frustrated by inflation Bank of England By Lee Kyung-min Inflation is no longer a term used only by researchers to describe the economy, as exemplified by salaried workers clearly experiencing soaring prices of almost all frequently purchased goods and …

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Dry bulk player SW Shipping plans to enter the booming container market

Donghae Port Credit POSCO By Martina Li in Taiwan 12/15/2021 South Korean dry bulk carrier operator SW Shipping will become the newest entrant in container shipping next year, operating a shortsea service to Vietnam from South Korea. SW CEO Kang Seong-hun signed a memorandum of understanding with the government of …

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Magnachip and Wise Road Capital Announce Withdrawal of CFIUS Deposit and Mutual Termination of Merger Agreement

– Magnachip adopts a limited-term shareholder rights plan Seoul, South Korea, December 13, 2021 / PRNewswire / – Magnachip Semiconductor Corporation (“Magnachip Corp.” or the “Company”) (NYSE: MX), United States (Delaware) parent company of Magnachip Semiconductor, Ltd., and South Dearborn Limited, a company incorporated in the Cayman Islands, and Michigan …

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South Korea, Pakistan sign memorandum of understanding for foreign debt rescheduling

ISLAMABAD: Minister of Economic Affairs Secretary Mian Asad Hayaud Din and Republic of Korea Ambassador Suh Sangpyo here signed an agreement for the rescheduling of Pakistan’s external debt to the Republic of Korea for the year 2020 and the first half of 2021. This agreement comes after months of negotiations …

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2022MOON Launches New Blockchain Technology From South Korea

SEOUL, SOUTH KOREA / ACCESSWIRE / December 10, 2021 / 2002MOON announces its new service on Blockchain technology “2022MOON”, which allows users to earn money simply by holding their token. The digital age of blockchain technology Blockchain technology has brought us into the digital age, and our perspective on monetary …

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Bond issues in South Korea edged down in November.

SEOUL, 09 Dec. (Yonhap) – Bond issuance in South Korea edged down in November from the previous month amid rising interest rates, data showed Thursday. The value of bonds sold in Asia’s fourth-largest economy stood at 65.8 trillion won ($ 56.1 billion) last month, down 200 billion won from the …

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New start for HL Klemove, a company specializing in autonomous driving

Aiming to become a global leader based on over 2,000 patents, track record of ADAS mass production (over 20 million units) and know-how in safe autonomous driving solutions High-tech autonomous driving solutions such as high-resolution lidar and 4D imaging radar scheduled for commercialization by 2025 Sales target of 1.2 trillion …

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Food and non-alcoholic drink prices are out of control

Vegetables are on sale Sunday at a traditional market in central Seoul. According to data provided by the Organization for Economic Co-operation and Development (OECD) on Saturday, the price of food and non-alcoholic beverages rose 5% year-on-year in the third quarter in Korea, placing the country fifth out of 38 …

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South Korea defers crypto tax, looking for votes? – Bitcoinist.com

The Strategy and Finance Committee of the South Korean National Assembly has approved an amendment to defer to 2023 the imposition that imposes a 20% annual capital gains tax for crypto trading with more than 2 .5 million won (US $ 2,125) in revenue, just after the same tax was …

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Latest updates: German Scholz favors compulsory vaccines amid increasing Covid cases

Olaf Scholz, the Chancellor-designate of Germany, said he was in favor of compulsory vaccination for all, increasing the likelihood that the country will follow Austria in creating a legal obligation for all of its population to obtain the vaccine . The decision to go ahead with the mandate could come …

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South Korea to watch financial markets closely amid concerns over volatility caused by omicron

This photo, taken on Sunday, shows an arrival hall at Incheon International Airport, west of Seoul. Health officials began barring the entry of foreigners from eight African countries, including South Africa, on the same day to block the influx of the new variant of COVID-19 omicron. (Yonhap) South Korea will …

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Germany’s new government cites crypto in coalition deal By Cointelegraph

Germany’s new government cited crypto in its coalition agreement, arguing for a level playing field between traditional finance and “innovative business models.” Three German political parties agreed this week to a coalition deal that will see left-wing Social Democrats (SDP), Green Party and right-wing Free Democrats take the reins from …

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Vietnam has produced a new class of billionaire entrepreneurs

TIT ECONOMICAL Vietnam’s development now has a permanent monument in one of the world’s most prestigious learning locations. After a $ 207 million investment announced earlier this month by Sovico, a Vietnamese holding company, Oxford University’s Linacre College (for graduate students) is set to be renamed in honor of Nguyen …

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Asian FX resists strong dollar, stocks are nervous

Thai stocks hit a high for more than 2 months Singapore posts better than expected third quarter GDP Bank of Korea rate decision expected on Thursday Nov. 24 (Reuters) – Emerging market currencies in Asia were broadly subdued on Wednesday as regional assets remained resilient, even as bets on the …

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StanChart Deploys Preshipment Loans for Bangladesh Garment Manufacturers

Standard Chartered has partnered with leading global apparel buyers and suppliers and disbursed US dollar denominated preshipment loans under a new financing program, which aims to support more than 20,000 apparel workers in Bangladesh. The unique Covid-19 response funding program was designed in consultation with renowned buyers, enabling better liquidity …

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Second winter of woe threatens the global economy: a green week ahead

(Bloomberg) – The global economy is approaching northern hemisphere winter in disarray, unable to shake off the coronavirus crisis amid persistent supply disruptions, soaring prices and resurgence epidemics. Bloomberg’s Most Read The global surveys conducted this week among purchasing managers probably point in this direction. Among the results expected by …

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Latest updates: Ryanair to drop London list citing costs after Brexit

Hong Kong’s shares in Alibaba fell 10% on Friday, a day after the Chinese e-commerce giant forecast annual revenue to grow at its slowest pace since its stock market debut in 2014. The group’s shares listed in New York fell more than 11% on Thursday. Alibaba’s second quarter results fell …

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Mom talks about being adopted from South Korea by white parents in America

This TikToker shared what it was like growing up Asian with white parents and their story is so powerful! November is National Adoption Month, and it’s time to raise awareness about the impact adoption can have on a family’s life. In a powerful video, TikToker beauty Amy Chang (@bondenavant) shared …

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Young Tech Enthusiasts Drive Money Transfer Platform | New times

While continuing his university studies at Seoul National University in Korea, Adolphe Niyigena would have difficulty transferring money to relatives or obtaining maintenance. He says it would often take more than 24 hours to receive transfers. He realized that he was not the only one up for the challenge, with …

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