News South Korea Markets: Global shares surge, led by records in Japan and South Korea, as markets regain momentum
TOKYO -- Global shares surged on Tuesday, led by a nearly 7% jump in South Korea’s benchmark and a 3.9% rally in Tokyo that took the Nikkei 225 to a record as investors bought tech-related shares.
News South Korea Markets: As South Korean government proposes flexible overtime rules, some fear workers may suffer
The administration of South Korean president Yoon Suk Yeol wants to allow people to work up to 69 hours a week - up from the current 52 - and bank overtime hours in exchange for time off, a plan it hopes will promote family growth alongside productivity. The government says the plan, set to be announced next month, will provide more flexibility in the labour market. Officials say people would work less as a whole, encouraging them to have families and shore up a fertility rate that is projected to hit a global-low 0.7 in 2024.
News South Korea Markets: South Korea to scrap stock market registration requirement for foreigners - regulator
South Korea will scrap a requirement that foreign investors must register with domestic authorities in order to trade Korean stocks in a move designed to encourage investment from overseas, its financial regulator said on Thursday.
News South Korea Markets: South Korean crypto market grows to $45.9B in 2021 despite strict regulations
By the final quarter of 2021, the Korean regulators focus shifted towards crypto taxation, with a proposal to impose a 20% tax on crypto profits.
News South Korea Markets: Una Brands teams up with KlickBrands to enter South Korea’s e-commerce market
Una Brands, a Singapore-based e-commerce aggregator, has partnered with South Korean peer KlickBrands to expand its footprint in South Korea. The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia. Una, one of the largest e-commerce aggregators in Asia, has already established its presence there, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021.
News South Korea Markets: First Mover Asia: South Korea Election Made Crypto a Big Issue, but There's No Guarantee of a Follow-Through; Cryptos Suffer Weekend Decline
Both candidates made crypto an important issue to attract younger voters. It's not yet clear if the winner, Yoon Suk-yeol, will introduce legislation fulfilling his promises; bitcoin and ether were both in the red.
News South Korea Markets: U.S. ambassador calls for justice after South Korean diplomat assaulted in NYC
Get market news worthy of your time with Axios Markets ... for the diplomatic community and everyone who calls New York home." .@USUN stands with the South Korean diplomat attacked in New York this ...
News South Korea Markets: South Korean online game ‘Lost Ark’ shatters record on Steam with half a million concurrent players
The long-awaited South Korean online game “Lost Ark” does not officially launch in Western markets until Feb. 11, but it already broke a record when over 500,000 gamers played concurrently on Steam.
News South Korea Markets: South Korea Stock Market May Open Under Pressure On Tuesday
(RTTNews) - The South Korea stock market on Monday snapped the three-day winning streak in which it had spiked more than 130 points or 5.2 percent. The KOSPI now rests just above the 2,745-point ...
