DIRS.INFO The most relevant business & tech news

The 2-year Treasury yield was down by more than 1 basis point at 4.847%. U.S. Treasury yields declined Tuesday as investors assessed what could be next for Federal Reserve monetary policy following remarks from central bank officials and ahead of key economic data. Investors considered the Federal Reserve's next interest rate policy moves ahead of key inflation data due this week and the central bank's upcoming meeting on July 25-26. Investors are also looking out for several major economic data points scheduled for this week, including the latest consumer inflation figures on Wednesday and wholesale inflation on Thursday. No key data is expected on Tuesday.

Persons: Mary Daly, Jerome Powell, CME's Organizations: Treasury, U.S, Federal Reserve, Investors, Federal, San Francisco Fed, Institution

☆ Seoul hosts large crowds as BTS fans celebrate 10-year anniversary
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

[1/6] Fans of the K-pop boy band BTS dance during BTS 10th Anniversary FESTA in Seoul, South Korea, June 17, 2023. REUTERS/Kim Soo-hyeonSEOUL, June 17 (Reuters) - An estimated 400,000 people gathered in South Korea's capital Seoul on Saturday as fans from around the globe commemorated the 10th anniversary of the debut of K-Pop boy band juggernaut BTS. At the "BTS 10th Anniversary FESTA" at Han River Park in Seoul on Saturday, tens of thousands of fans wandered among various exhibits including a BTS history wall, stage costumes and commemorative sculptures, many in the band's signature purple colour. With hit songs playing in the background, fans danced under shady trees or bonded over their favourite band members. BTS leader RM later read out fan messages, performed and received calls from fellow members Jung Kook and V at the celebration.

Persons: Kim Soo, Audrey Lintner, RM, Jung Kook, V, I've, Kim Hye, Daewoung Kim, Jimin Jung, Joyce Lee, Lincoln Organizations: REUTERS, BTS, RM, Thomson Locations: Seoul, South Korea, SEOUL, South Korea's, Han, Sri Lanka

ET, the yield on the 10-year Treasury was up by more than 4 basis points to 3.755%. The 2-year Treasury yield was trading more than 4 basis points higher at 4.566%. U.S. Treasury yields rose on Friday as investors looked ahead to the Federal Reserve monetary policy meeting next week, where officials will announce a fresh interest rate decision. Investors weighed what could be next for interest rates ahead of the Fed's next meeting on June 13 and 14. Further data points are expected before the Fed makes its decision, including May's consumer inflation report on Tuesday.

Organizations: Treasury, U.S, Federal Reserve, Labor Department, Fed

☆ North Korea's Kim Yo Jong promises more spy satellite launches -KCNA
▼ + stars: | 2023-05-31 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

SEOUL, June 1 (Reuters) - North Korea's Kim Yo Jong, leader Kim Jong Un's sister, has said her country's military spy satellite will soon enter into orbit and promised Pyongyang will increase military surveillance, state media KCNA reported on Thursday. Her remarks follow the failure of a North Korean satellite launch on Wednesday. In her statement, Kim said the criticisms of Wednesday's test were "self-contradiction" as the U.S. and other countries have already launched "thousands of satellites." In a separate statement carried by KCNA, North Korea's vice foreign minister Kim Son Gyong criticized U.S.-led military drills in the region including a multinational anti-proliferation naval drill. "However, activity at the main launch pad is consistent with post-launch assessment and clean-up efforts."

Persons: Kim Yo Jong, Kim Jong, Kim, KCNA, Antonio Guterres, Kim Son Gyong, Hyunsu Yim, Josh Smith, Chris Reese, Grant McCool Organizations: South, Thomson Locations: SEOUL, Pyongyang, Korean, South Korean, North Korea, South Korea, Japan, United States, North, U.S

[1/5] Choi Jin-mook, 48, Chief Director of Drug Addiction Rehabilitation Centre (DARC) and visiting professor of Department of Addiction Rehabilitation and Social Welfare at Eulji University, listens to a recovering drug addict during a group counselling for drug addicts in Incheon, South Korea, April 1, 2023. South Korea has only six drug rehabilitation centres, according to Choi, including just two run by the food and drug safety ministry. In comparison, Japan - with 126 million people to South Korea's 52 million - has about 90 rehab centres. PRISON NOT REHABOne of the biggest problems is that South Korea's corrections system focuses mostly on punitive detention and lacks rehabilitation support, Choi said. Some drug crimes are also punishable by death although South Korea has not carried out any executions since 1997.

[1/5] Badminton - All England Open Badminton Championships - Utilita Arena, Birmingham, Britain - March 19, 2023 South Korea's An Se-young celebrates on the podium after winning the women's singles final Action Images via Reuters/Andrew BoyersBIRMINGHAM, England, March 19 (Reuters) - South Korea's An Se Young smashed her way to the women's singles title at the All England Open badminton championships on Sunday, beating Tokyo 2020 Olympics gold medallist Chen Yu Fei of China. "I'm so tremendously happy," said An, 21, who had knocked Tokyo Olympics silver medallist Tai Tzu Ying of Taiwan out in the semi-finals on Saturday. It was touch-and-go for An in the second half of the final game, with Chen pressing with aggressive smashes and smart backhands. China beat South Korea in the mixed doubles final 21-16 16-21 21-12. Later on Sunday, Li Shi Feng will play fellow Chinese shuttler Shi Yu Qi in the men's final.

☆ Are they for real? South Korean girl band offers glimpse into metaverse
▼ + stars: | 2023-03-14 | by ( Hyunsu Yim | ) www.reuters.com time to read: +5 min

[1/3] Footages of virtual girl group MAVE is played at the control room of MBC in Seoul, South Korea, February 28, 2023. Apart from backing MAVE:, Kakao launched a 1.25 trillion won ($960 million) tender offer last week to buy South Korean K-pop pioneer SM Entertainment (041510.KQ). SM is home to popular K-pop groups such as Girls' Generation, H.O.T., EXO, Red Velvet, Super Junior, SHINee, NCT Dream and Aespa. MAVE: is an "ongoing" project to explore new business opportunities and find ways to work around technological challenges, said Chu Ji-yeon, who heads Metaverse Entertainment. But South Korean technology has made much progress since then in creating virtual characters.

☆ North Korea says UN should demand end to S.Korea-US military drills
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

SEOUL, March 5 (Reuters) - North Korea's foreign ministry on Sunday called on the United Nations to demand an immediate halt to combined military drills by the United States and South Korea, saying they were raising tensions that threaten to spiral out of control. The United States and South Korea will conduct more than 10 days of large-scale military exercises in March, including amphibious landings, officials from the two countries said on Friday. The U.S. and South Korea say the exercises are in self-defence and are necessary to counter the rising threats from North Korea's ballistic missile and nuclear weapons programmes, which are banned by U.N. Security Council resolutions. "The UN and the international community will have to strongly urge the U.S. and South Korea to immediately halt their provocative remarks and joint military exercises," Kim said. Last month Kim issued a statement saying UN Secretary-General Antonio Guterres has been "extremely unfair, unbalanced" on North Korea's missile tests.

☆ North Korea may try to pressure U.S. with ICBM, nuclear tests - S.Korean lawmakers
▼ + stars: | 2023-02-22 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

[1/3] A Hwasong-15 intercontinental ballistic missile (ICBM) is launched at Pyongyang International Airport, in Pyongyang, North Korea February 18, 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). KCNA via REUTERSSEOUL, Feb 22 (Reuters) - North Korea could test-fire intercontinental ballistic missiles on a lower, longer trajectory and conduct its seventh nuclear test this year to perfect its weapons capabilities, South Korean lawmakers said on Wednesday, citing intelligence officials. The briefing came as the U.S., South Korean and Japanese navies staged joint tactical drills on Wednesday in waters between the Asian neighbours. A Japanese escort vessel and U.S. and South Korean destroyers joined the training aimed at stepping up trilateral ballistic missile responses, Tokyo's defence ministry said. Youn Kun-young, another member of the committee, said North Korea might also develop solid fuel-based ICBMs this year, and confirmed the defence ministry's report that Chinese spy balloons did not enter South Korean airspace.

☆ South Korea launches panel on banks amid outcry over pay
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Feb 22 (Reuters) - South Korea launched a task force on Wednesday to study ways to improve business practices and pay schemes at banks, days after the country's president called on lenders to help curb the cost-of-living burden on vulnerable people. The panel is headed by the deputy chief of the top financial regulator, the Financial Services Commission (FSC), and comprises regulators, scholars, researchers and officials from financial industry associations, the FSC said in a statement. Kim So-young, vice chairman of the FSC, said at the panel's inaugural meeting that it would study ways to boost competition either between existing banks or by allowing entries of niche service providers. The panel would also look into ways to help banks diversify their business practices, currently heavily dependant on interest rate margins, and improve their pay structure, he said. President Yoon Suk-yeol and other government officials have said there is growing public discontent over reports of big performance-sharing and early-retirement bonus payments by banks.

[1/3] Women ride on an escalator past a couple wearing masks to avoid contracting the coronavirus disease (COVID-19) at a shopping mall in Seoul, South Korea, January 30, 2023. The lifting of the face-covering rules in the majority of indoor locations is South Korea's latest step in easing COVID rules as new cases show signs of a slowdown. People are still required to wear the masks in public transport settings and in medical facilities. But many citizens also said they will still wear masks with the pandemic not fully over. The easing of rules come about three years after South Korea reported its first outbreak of COVID infection on Jan. 20, 2020.

☆ Kamala Harris to visit DMZ after North Korea tests missile
▼ + stars: | 2022-09-27 | by ( ) www.nbcnews.com time to read: +2 min

TOKYO — Vice President Kamala Harris will visit the Demilitarized Zone separating the Koreas on Thursday in a bid to show Washington’s commitment to the South’s security, according to U.S. and South Korean officials. The visit, announced Tuesday, comes days after North Korea fired a ballistic missile towards the sea and amid fears of a possible nuclear test as the Biden administration’s attempts at outreach to North Korean leader Kim Jong Un have failed. “Your visit to the DMZ and Seoul will be very symbolic demonstrations of your strong commitments to security and peace on the Korean Peninsula,” Han said. Harris is in the region to lead a U.S. presidential delegation to the funeral of former Japanese Prime Minister Shinzo Abe on Tuesday. The DMZ is often described as the world’s last Cold War frontier and has existed since the 1950-53 Korean War ended in a armistice rather than a peace treaty.

Search resuls for: "Kim So"

12 mentions found