36 Burst results for "South Korea"
Fresh update on "south korea" discussed on Bloomberg Daybreak Asia
"From around the world Here's Dan Schwartzman. Thanks, Doug. Sky Sports Germany reports that Bayern Munich is interested in a move for Tottenham star Harry Kane, although the price tag of around a €100 million may be too steep for the Bundesliga giants. Kane is expected to decide his future of the conclusion of the World Cup with Real Madrid also possible landing spot for the England captain. Speaking of the cup, Argentina has advanced the knockout round with a two zero win over Poland as Argentina overcomes a miss penalty kick by Messi in the first half. Meanwhile, Poland also does advance due to gold differential despite Mexico beating Saudi Arabia two to one as Mexico misses the knockout stage for the first time since 1990. After the match Mexico manager Tata martino announcing, he was leaving his post as his contract had officially ended. Tunisia shots France won nearest frames played mostly backups while Australia stuns Denmark one mill to move on to the round of 16. Saudi Arabian club Al nasr has reportedly offered Christiana Ronaldo a three and a half year contract value that more than a 100 million pounds per year for the 5 time the loan door winner will wait until after the World Cup to make a decision. Ronaldo left Manchester United by mutual termination and his free to sign with any club, but reportedly is still hoping to land within Europe. Finally, former New York Yankees great Don mantley agreeing to become the bench coach of the Toronto Blue Jays after 7 seasons managing the Miami Marlins. And we also managed the LA Dodgers for 5 seasons before heading to Miami. I'm Dan Schwartzman that's your Bloomberg world sports op aid. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business out and at Bloomberg quick take. This is a Bloomberg business flash. Well, we had some weak economic data right across the region today, South Korea's exports fell the most in two and a half years in November. We had the South Korea PMI for November at 49. That was a little higher than the 48.2 in October, but still disappointing as it's in contraction. The Taiwan that PMI was at 41.6 and the algebra bank Japan PMI fortune 4 November was at 49 also in contraction. Yeah, we see rallies in equity markets right across the region, so what is going on? Well, China is amending its COVID approach. The vice premier sun chunlan said that the battle against COVID is at a new stage as omicron becomes less severe, so they're giving you a reason why are they are changing COVID policy and has huge implications for the economy as so much of the country as we heard from Nomura yesterday a quarter of the country is under some form of lockdown. So that's one of the reasons we're seeing rallies throughout China throughout Hong Kong and the rest of the region. The nikkei F 1.1%, the tye X in Taiwan up one and a quarter percent the CSI 300 up 1.8% and hangs index up 1.7%. Let's take a look at currencies the dollar sharply weaker today about a full percentage point if you take in the U.S. and the Asian session together. Dolly N one 36 73 yield on the ten year treasury, 3.62%, a huge drop in yields there. The two year down to four 32 and WTI crude at $80 and 52 cents, we had the China signals as well as data showing a steep drop in U.S. inventories. And that is a Bloomberg business flash. Let's get headline news with Ed Baxter, Ed. All right, thank you very much, Brian. Beijing officials are saying that China's entering into a new phase
Bodies-in-suitcases suspect appears in New Zealand court
"A body's in suitcases suspect has appeared in a New Zealand court. I'm Lisa dwyer. A woman who was extradited from South Korea this week after the bodies of her two children were found in abandoned suitcases has made her first quarter parents in New Zealand, the 42 year old woman has been charged with two counts of murder, she faces mandatory sentence of life imprisonment, the case horrified many people in New Zealand after the children's bodies were discovered in August when an Auckland family bought abandoned goods, including two suitcases from a storage unit in an online auction. Authorities say the children were between 5 and ten years old and had been dead for years. A judge imposed a temporary order that keeps many details of the case secret including
Mike Gonzalez: The Left Is Re-Racializing America
"I ask you a personal question? So I came here 14 years ago as an immigrant. I choose this atrocious country. I write for the man who wanted to fundamentally change America. I thought I'd left socialism behind in Europe and just after I arrived Obama. And I started working in D.C. and I'm working in a military base in the middle of the projects, all kinds of ethnicities, all kinds of officers in my classroom. And I didn't really sense any kind of ethnic tension. And today, it's incomparable. What Obama did to us. I mean, am I seeing something that I shouldn't be seeing? No, you're absolutely right. I have visited bases. I lived in South Korea for a very long time for two years. I used to go to the bays there all the time, especially in the militarized zone. This is in the 80s. And it was really just people getting it's like a baseball team. It's people just doing the job. You know, they don't really care what your last name is. I don't care where you color is. I don't care your provenance, they don't care if nation of origin, if you can get a hit, or you're a good person to be alongside in a war. That's all that matters. So it has gotten worse. Oh, but on purpose, they have introduced these ideas into the most, I would say that the American military was the most integrated institution in the country. But I'm talking about, in general, I'm talking about America written large. Oh, yes, of course. All we think about is race. Oh, we think about it. By the way, we have made, I have been here since 1974. We have made enormous strides as a country. Good strides. You know, we, you know, I lived in New York as a kid. Everybody was some things. We don't really put up with that anymore. You know, when we, and this is a good thing, but that's just, that was to de racialize America. Now we re racializing again. That's a great way of putting it, erased realizing America.
South Korea Plans To Implement Blockchain-based Digital IDs
"10 p.m. Wednesday, October 19th, 2022. South Korea plans to implement blockchain based digital IDs. South Korea plans to implement a digital identity IDs using blockchain technology for its citizens with a smartphone as it taps into the world's most tick savvy population to boost economic growth. Digital ID simplify verification on the web, removing the need to photograph certificates or log in via authentication codes sent by text. Instead, activities the post South Korea plans to implement blockchain based digital IDs appeared first on the coins post
Southeast Asia leaders kick off ASEAN summit in Cambodia
"The U.S. Japan and South Korea have found a unified response to North Korea's nuclear and ballistic missile program as the leaders met on the sidelines of the East Asia summit in Cambodia President Joe Biden met separately with Japanese prime minister fumio kishida and South Korean president Yun sui before all three sat down together to discuss North Korea Biden declared that the three way partnership is even more important than its ever been when North Korea is stepping up its provocations both Yun and kishida discussed the ongoing displays of aggression by North Korea which has fired dozens of missiles in recent weeks I'm Karen Chammas
North Korea fires another missile, continuing recent barrage of tests
"North Korea's fired a short range ballistic missile towards its eastern sea Souls joint chiefs of staff said the missile was launched from the western town of suksun north of the capital poignant and flew across the country toward waters off the northeastern coast The group didn't immediately release a more specific flight details The launch comes after North Korea fired dozens of missiles last week in an angry reaction to a massive combined aerial exercise between the U.S. and South Korea that the north described as an invasion rehearsal I'm Charles De
North Korea says missile tests were practice for merciless strikes
"North Korea says recent missile tests were a practice to attack South Korea and the U.S. The north's military says its recent barrage of missile tests were practices to mercilessly strike key South Korean and U.S. targets such as air bases and operation command systems with a variety of missiles that likely included nuclear capable weapons of the announcement underscores leader Kim Jong-un's determination not to back down in the face of his rivals push to expand their military exercises
N. Korea fires more missiles as US flies bombers over South
"North Korea has launched more ballistic missiles into the sea as the United States sent two supersonic bombers over South Korea as tensions rise in the region South Korean authorities have confirmed four North Korean short-range missiles flew about 80 miles towards their western sea the north has tested more than 30 missiles in one week alone including a recent intercontinental ballistic missile that triggered evacuation alerts in Japan the Norse recent barrage of missiles has met with strong condemnation from South Korea's permanent representative to the United Nations There should have been no excuses for the DPRK's recent unlawful provocation The United States ambassador to the UN Linda Thomas Greenfield blamed Russia and China for protecting North Korea You don't get to abandon Security Council responsibilities because the DPRK might sell you weapons to
US, South Korea warn Pyongyang against nuclear weapons use
"The U.S. and South Korea are jointly warning North Korea that use of any kind of nuclear weapon against Seoul or other regional allies will result in the end of Kim Jong-un's regime I'm Ben Thomas with the latest Our commitment to and defending the ROK is our client We strongly condemn the DPRK's irresponsible and reckless activities As we said before these kinds of activities are destabilizing to the region Defense secretary Lloyd Austin met with his South Korean counterpart at The Pentagon after North Korea launched more than two dozen missiles in response to the U.S. South Korean military exercises The purpose of those exercises says Austin to strengthen our combined readiness and our ability to fight tonight if necessary Through a translator South Korean defense minister Lee Jong-suk says the U.S. and South Korea are united and resolute in their stance toward North Korea Any nuclear attack by the DPRK including the use of tactical nuclear weapons is unacceptable and result in the end of Kim Jong-un regime by the overwhelming and decisive response of the alliance This is a strong warning against the DPRK But Lee also says the allies would like to see tension with North Korea ease Along with the efforts of the alliance to deter and respond to DPRK nuclear threats secretary Austin and I pledge to encourage DPRK to choose the nuclearization and the path for a brighter future We also pledge to continue our cooperation to achieve a complete denuclearization of North Korea Pentagon acknowledges the large scale of the U.S. South Korean exercises dumped vigilant storm It involves more than 1600 U.S. and South Korean flights involving some 240 war planes You've also seen us and Austin notes move a carrier into port there recently and I think that's a pretty strong signal as well Ben Thomas Washington
2 Koreas exchange missile launches near tense sea border
"Air raid sirens have sounded in South Korea after the north fired at least 17 missiles in its direction The joint chiefs of staff say one of the missiles landed just 16 miles away from the rival's sea border sold quickly responded by launching its own projectiles the launches came hours after the north threatened to use nuclear weapons to get the U.S. and South Korea to pay the most horrible price in history it says in protests at ongoing military drills but it views as an invasion rehearsal The White House has maintained the U.S. has no hostile intent towards North Korea only working with allies to curb the north's nuclear ambitions I'm Charles De Ledesma
South Korea air raid sirens blare after North fires missiles
"South Korea issued an air raid alert after North Korea fired missiles I'm Lisa dwyer North Korea has fired three short range ballistic missiles towards the sea that prompted South Korea to issue an air raid alert on its eastern island The launches came hours after North Korea issued a veiled threat to use nuclear weapons to get the U.S. and South Korea to quote pay the most horrible price in history It's an escalation of North Korea's fiery rhetoric targeting the ongoing large scale military drills between its rivals including this week's exercises involving about 240 warplanes The White House has pushed back against North Korea's saber rattling reiterating the drills are part of a routine training schedule with South Korea I'm Lisa dwyer
S. Korea in shock, grief as 153 die in Halloween crowd surge
"More than a 150 have died in a crush of people celebrating Halloween in South Korea's capital Ambulances raced to the scene in the ITER one district of Seoul were about a 100,000 people had gathered to celebrate Halloween however what started off as an opportunity for fun soon turned into a nightmare Schools of people died and hundreds more were injured after a huge crowd was pushed and crushed into a narrow alley witnessed Chanel story said the turnout was much bigger than expected This was next level Shoulder to shoulder To now film the crowds when things started to go wrong Oh my God oh my God When emergency services finally managed to get through the crowds it was already too late local TV showed bodies lined up next to each other partially covered by blue blankets South Korean president June socio declared a one week national morning period he called the tragedy devastating and something that shouldn't have happened I'm Karen Chammas
N. Korea resumes missile tests amid stern warnings not to use nuclear weapons
"South Korea says North Korea has found two short-range ballistic missiles towards the sea in its first ballistic weapons test in two weeks The latest launches come after the U.S. Military warned at the north that the use of nuclear weapons will result in the end of that regime South Korea's military says it detected the two launches from the north's eastern coastal tongshan area around Friday noon the back to back launches the north's first ballistic missile test since October 14 came on the final day of South Korea's annual 12 day field exercises
Examining Biden's Chip Ban
"Let's kick it off with some Biden chip band, give me the lay of the land for this story. Definitely important for a lot of people in electronic space. Yeah, I think the Biden administration part of their strategy is they want to keep their semiconductors at home. So this story essentially came out to where they unveiled part of their strategy and the key points are that they kind of want the semiconductor industry workers to come home that are currently working in China. And then they don't want to send the cutting edge chips, those 5 nanometer 7 nanometer chips over to China. And so if you think about impact on the Bitcoin mining space, it could be that manufacturers in China can't get their chips and maybe produce as much. But I know you have some color on this one, so I'm going to send it back over to you. Yeah, first seeing a story you're like, oh, this is not good for the asic industry because a lot of asic manufacturers were formerly very centralized in China, but luckily it has changed over the last two years, pretty drastically. So we have bitmain and we have micro BT, those make up probably 90% of the asic marketplace, maybe even a little bit more. And both of those teams work through different foundries to procure their chips, notably TSMC, which is based out of Taiwan with bitmain, and then Samsung for micro BT, which is located in South Korea. A lot of the machines were then assembled in China, especially in Shanghai and those sort of areas. But it's not really the case anymore. Luckily bit main and micro BT really saw through this a while ago, made some strategic moves. A lot of both their operations are actually now based in Malaysia and Indonesia. A few other locations in Southeast Asia. That's where they're putting these machines together. So if you get an asic nowadays, that's commonly where it's manufactured.
Iranian female climber says hijab 'fell off accidentally' at competition - BBC
"An Iranian female competitive climber left South Korea early after competing at an event without a headscarf Many worries she may have been forced to leave by Iranian authorities organizers say Al nasri Khabib didn't put on a hijab during the final of the international federation of sport climbing Asia championship in Seoul where Kirby's decision not to wear the head covering came a thousands protest the death of a woman who was detained for her clothing Reports Sarah Khabib was scheduled to leave a day later but her flight apparently had been moved up unexpectedly A later Instagram post on an account attributed to rikabi said her not wearing a covering was unintentional 5 weeks in protester ongoing in a hundred cities throughout Iran representing
N. Korea fires missile, artillery shells, inflaming tensions - ABC News
"North Korea's fired a missile and artillery shells inflaming regional tensions A ballistic missile and hundreds of shells were hurled towards the sea and warplanes flew near the tents border with South Korea Further raising animosities triggered by the Norse recent barrage of weapons tests the moves suggest the regimes reviving an old playbook of stoking fears of war with provocative weapons tests before it seeks to win greater concessions from its rivals It was Pyongyang's 15th missile launch since testing activities resumed on September 25 The regime saying on Monday it's recent missile tests are simulations of nuclear strikes on South Korean and U.S. targets in response to their provocations
NKorea launches 2 missiles toward sea after US-SKorea drills
"North Korea has fired two short-range ballistic missiles a day after it warned that redeployment of a nearby U.S. aircraft carrier was inflaming regional tensions The weapons test was one of many in recent weeks Japan's vice defense minister toshiro strongly condemned the move North Korea's series of actions threatened the peace and stability of Japan as well as the region and the international community and is absolutely unacceptable South Korea's presidential spokesperson Kim wun Ye emphasized the importance of outside support We will continue our efforts to protect our people through trilateral security cooperation between South Korea and the U.S. and Japan Provocations will deepen its international isolation and impact its already faltering economy I'm Karen Chammas
N. Korea launches missile toward sea after US-SKorea drills
"North Korea has reportedly test fired another missile I'm Ben Thomas with the latest South Korea and Japan are both reporting a possible launch South Korean military says North Korea fired a ballistic missile towards its eastern waters early Sunday but offered no further details The Japanese coast guard is warning ships about falling objects and urging them to stay away The launch would be North Korea's 6th round of weapons tests in two weeks It comes hours after the U.S. and South Korea wrapped up a new round of naval drills off the Korean Peninsula's east coast These involving the USS Ronald Reagan aircraft carrier I'm Ben Thomas
K-pop group BTS members face possible military conscription
"South Korea's military wants to call up pop stars The military may conscript members of the key pop Subaru BTS for mandatory duties as the public remains sharply divided over whether they should be given exemptions The commissioner of the military manpower administration Lee key sick has told lawmakers its desirable for BTS members to fulfill their military duties to ensure fairness in the country's military service whether the band's 7 members must serve in the army is one of the hottest issues in career at the moment because it's oldest member faces possible enlistment early next year after
"south korea" Discussed on TIME's Top Stories
"Kim Jong-un threatens to use nuclear weapons and potential military conflicts with the U.S. and South Korea by hung Jin Kim, Associated Press, Seoul, South Korea. North Korean leader Kim Jong-un warned he's ready to use his nuclear weapons and potential military conflicts with the United States and South Korea, state media said Thursday, as he unleashed fiery rhetoric against rivals, he says, are pushing the Korean Peninsula to the brink of war. Kim's speech to war veterans on the 69th anniversary of the end of the 1950 53 Korean War was apparently meant to boost internal unity in the impoverished country amid pandemic related economic difficulties. While Kim has increasingly threatened his rivals with nuclear weapons, it's unlikely that he would use them first against the superior militaries of the U.S. and its allies, observers say. Our armed forces are completely prepared to respond to any crisis. And our country's nuclear award deterrent is also ready to mobilize its absolute power dutifully, exactly, and swiftly in accordance with its mission. Kim said in Wednesday's speech, according to the official Korean central news agency. He accused the United States of demonizing North Korea to justify its hostile policies. Kim said regular U.S. South Korea military trails that he claims target the north highlight U.S. double standards, and gangster like aspects, because it brands North Korea's routine military activities and apparent reference to its missile tests as provocations or threats. Kim also alleged the new South Korean government of president Yun suk yo is led by confrontation maniacs and gangsters who have gone further than previous South Korean conservative governments. Since taking office in May, the union government has moved to strengthen souls military alliance with the United States, and bolster its own capacity to neutralize North Korean nuclear threats, including a preemptive strike capability. Talking about military action against our nation, which possesses absolute weapons that they fear the most is preposterous, and is very dangerous, suicidal action, Kim said. Such a dangerous attempt will be immediately punished by our powerful strength and the Yun sukul government and his military will be annihilated. South Korea expressed deep regret over Kim's threat and said it maintains a readiness to cope with any provocation by North Korea in a powerful effective manner, in a statement read by spokesperson Kong in soon, June's presidential national security office said South Korea will safeguard its national security and citizens safety based on a solid alliance with the United States. It urged North Korea to return to talks to take steps toward denuclearization. Earlier Thursday, South Korea's defense ministry repeated its earlier position that it's been boosting its military capacity and joint defense posture with the United States to cope with escalating North Korean nuclear threats. In April, Kim said North Korea could preemptively use nuclear weapons if threatened, saying they would never be confined to the single mission of war deterrent. Kim's military has also test launched nuclear capable missiles that place both the U.S. mainland and South Korea within striking distance. U.S. and South Korean officials have repeatedly said in the past few months that North Korea is ready to conduct its first nuclear test in 5 years. Kim is seeking greater public support, as his country's economy has been battered by pandemic related border shutdowns. U.S. led sanctions, and his own mismanagement. In May, North Korea also admitted to its first COVID-19 outbreak, though the scale of illness and death is widely disputed in a country that lacks the modern medical capacity to handle it. Kim's rhetoric inflates external threats to justify his militarily focused and economically struggling regime, said leif Eric easley, a professor at ay university and soul. North Korea's nuclear and missile programs are in violation of international law, but chem tries to depict his destabilizing arms buildup as a righteous effort at self defense. Experts say North Korea will likely intensify its threats against the U.S. and South Korea as the allies prepared to expand summertime exercises in recent years, the South Korean and U.S. Military have canceled, or downsized some of their regular exercises due to concerns about COVID-19 and to support now stalled U.S. led diplomacy aimed at convincing North Korea to give up its nuclear program in return for economic and political benefits. During Wednesday's speech, Kim said his government recently set tasks to improve its military capability more speedily to respond to military pressure campaigns by its enemies, suggesting that he intends to go ahead with an expected nuclear test. But Chong Chong Chong at the private sea Zhong institute in South Korea said North Korea won't likely conduct its nuclear test before China, its major ally, and biggest aid benefactor holds its Communist Party convention in the autumn. He said China worries that a North Korean nuclear test could give the United States a justification to boost its security partnerships with its allies that it could use to check Chinese influence in the region. North Korea recently said it is moving to overcome the COVID-19 outbreak amid plummeting fever cases, but experts say it's unclear if the country can lift its strict restrictions soon because it could face a viral resurgence later this year. During Wednesday's event, chem, veterans and others did not wear masks, state media photos showed. On Thursday, North Korea reported 11 fever cases, a huge drop from the peak of about 400,000 a day in May. North Korea has rejected U.S. and South Korean offers for medical relief items. It has also said it won't return to talks with the United States unless it first abandons its hostile policies on the north. In an apparent reference to U.S. led sanctions and U.S. South Korean military drills. This episode was brought to you by mint mobile. Hate your phone bill? Yeah, most people do. Except mint mobile customers. They get premium wireless for just 15 bucks a month. With unlimited talk, text, and high-speed data on the nation's largest 5G network. What's the catch? There is none. Keep your phone, your number, and all your precious contacts. Including those you'd rather forget. To get your new plan for just 15 bucks a month, go to mint mobile dot com slash tech.
"south korea" Discussed on Bloomberg Radio New York
"Singapore. Let's get straight to see how things are shaping up for the Asian training day with Bloomberg's dog prisoner in New York Doug. A little bit of negativity right out of the gate in Japan. We've got the nikkei down about three tenths of 1% and sold a Cosby is off about two tenths of 1% in Sydney, meantime the ASX 200 off about a tenth of 1% has some inflation data for us to in Japan core consumer prices rising on a year over year basis in the month of June by 2.2% right in line with market expectations and then in South Korea producer prices this is PPI in the month of June, jumping 9.9% that is year over year. Speaking of South Korea Samsung is said to be floating the idea of a broad expansion of semiconductor manufacturing at facilities in Texas looking at chairs Ian Samsung right now in Seoul, virtually unchanged. We had some positivity in the U.S. equity market. In fact, we capped the best three day rally since May, Tesla, the standout performer quarterly results beat, shares jumped nearly 10%. Also helping out the U.S. equity market, a big drop in yields across the treasury curve, given a lot of weak economic news, the yields on both the two and the ten down roughly by 14 basis points in each case, a ten year treasury now in Tokyo at two 87, a two year at three ten. The dollar right now is showing a little bit of weakness that certainly was the case in New York trading, but that was largely the result of a much stronger Euro which jumped after the ECB hiked its key rate by 50 basis points. I'll take another look at market action for you in 15 minutes right now. We move to global news, and boy do we have a lot of it to begin with. President Biden has tested positive for COVID-19 and tonight in the U.S., the January 6th committee will focus on what Donald Trump did or did not do during the capital uprising. Let's get more head Baxter in the
"south korea" Discussed on Bloomberg Radio New York
"On hand on the airport tarmac He's thanking Nestlé Gerber and FedEx for their help These are two companies that have stepped up in a very significant way To provide the logistical help to ensure that this supply that arrived today and vilsack says more deliveries will be coming soon with the help of the military global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries In the newsroom I'm Denise Pellegrini This is Bloomberg All right Denise thank you Let's get to our guest home in Lee is with us Asia macro strategist at Lombard odier on the line from Seoul home in thank you so much for being with us I want to begin with the trade data that we got out of South Korea Early trade figures for the first 20 days of the month Pretty impressive number on exports We are advancing 24.1% Give me your sense of what's happening within the economy right now in South Korea that would help explain this big move in exports Thank you for your invitation Regarding this trade release for South Korea yes the growth in the value of export is pretty impressive But I guess the markets focus will be more on the even bigger growth number for imports So obviously the country is kind of working its way through these commodity market shock And there is a bit of a deterioration in the terms of trade But the export fee is still kind of highlights the fact that the country's export base is rather diversified It's not just semiconductors It has businesses in shipping That's doing quite a rich business So it's a suggestion that the country is still doing all right Even though there is a bit of a hit from the commodity market And what we're thinking about the whole year is that the merchandise goods export will still slow down a bit As we go forward given the likely slowdown in demand elsewhere in the world So the numbers will begin to moderate as we head into the second half of this year I guess I'm coming a little bit glass half full here All things considered it seems like the numbers are holding up quite well And even in the U.S. you still see very strong demand again relative to all the uncertainty and things that and of course this is a signal for the rest of Asia to a certain extent right Because many Asian nations depend on their exports just like Korea So is there a small way of hope in there It is certainly an encouraging sign As you know we're facing this supply chain disruption coming out of China So the fact that South Korea is doing a pretty good engage in a pretty good level of activities on the trade front is certainly slightly more hopeful We'll still have to see the data releases from elsewhere to get a full of picture And keep in mind that the second quarter you have a bunch of different things happening on a front right That you have a disruption in China But other countries actually bouncing off from the omicron wave in the first quarter So from our perspective still a bit early to say that this is a prelude for significant surprise on trade What about the surprise speaking of surprises out last week that PPI data for South Korea was pretty hot We saw an immediate reaction in the currency stronger against the dollar on expectations the be okay has got no choice but to lean in very quickly is that your base case right now home in Yes so there is a bit of terms of trade shock here and the business is seeing a bit of pressure on the cost front And I don't think that point is lost on policymakers If you look at the string of speeches from officials in Seoul recently there is a pretty firm focus on fighting inflation So in our view this will motivate more tighter policy by bank of Korea as we go forward Okay so fighting inflation what does that.
"south korea" Discussed on Bloomberg Radio New York
"Kick into the end of the year In any case WTI is trading just under $101 a barrel Not much change from before this news Gold 1969 a tryouts in that is a look at markets Let's get hit backstroke with news in San Francisco Ed Law enforcement says ten people shot 13 injured getting out of harm's way in today's subway shooting in Brooklyn None of the injuries authorities say his life threatening at this point Two smoke grenades were thrown 33 shots fired in all from a 9 millimeter weapon They in a van found that was believed to be at the scene of the subway found a hatchet gasoline canisters in that U haul rented by a Frank R James in Philadelphia He has been labeled a person of interest There is a $50,000 reward placed and they are trying to locate mister James at this point South Korea discussing possible Biden trip before Japan visit That's a chosen report South Korea to unveil a plan to return to quote normal life on Friday That is Jan happ Shanghai is reporting out over 26,300 local cases day to day a new daily record Hong Kong to reopen Jim's beauty salon's April 21st and centaur also reporting that Hong Kong as will extend the eatery dining in until 10 p.m. April 21st In San Francisco I'm Ed Baxter This is Bloomberg All right Juliette Thank you Ed Let's get back to our guest Claudia pierron is co head of Asia FX and rates strategy at Bank of America security is on the line for us from Singapore So we saw South Korea's unemployment rate remain low in March at 2.7% Does that kind of bolster the case for the BOK to hike here Yes but we don't think they'll pull the trigger tomorrow It's a tough tough call between the needs of the economy and perhaps be okay protocol to the extent that the new governor is not coming in at this meeting So it's being hosted by one of the dovish members un So we think they'll hold for now and wait for the new governor come in We also have the new governor making a parliamentary testimony on April 19th So we'll wait and watch for what that says But we do think they will go next month They'll go again in August and they'll go again in early 2023 to bring the terminal rate to 2% What would that do to South Korean exports then when you have that much strength developing an currency Well we think the current account is going to shrink and slowly move lower And we're starting to see signs of that particularly because you've got a negative terms of trade shock with higher commodity prices career imports about 86% of its energy needs So clearly the rise in commodity prices and energy prices is going to crimp that current account and trade surplus as well as the fact that the rate hikes are going to slow domestic demand as well We're looking ahead to Singapore potentially tightening next week as well We have of course a lot of concerns here about the global inflation picture sweeping in here and supply chain concerns as well What do you expect from the MAS Well we think the MAS will actually increase the slope of its trade weighted appreciation by 1% So the slope currently is 1% We think that slope goes to 2% There are expectations in the market that we would actually recenter So we think the risk is for a little bit of disappointment So the market is basically going to buy on the rumor but still on the fact I'm curious Claudia how the war in Ukraine has impacted your strategy when you trade currencies Could you unpack that a little bit Yeah for sure Clearly unfortunately and tragically this is a large human cost But in as far as the direct trade links these are limited to Asia because of Russia and Ukraine having small trade links with the Asia region But the key transmission effect is through the European growth and through the Euro in terms of the Euro has the highest correlation with the Indian rupee has the highest correlation with the Singapore dollar So any weakness in the Euro will come through on sing and on Indian rupee India has perhaps the highest trade share with Europe within its exports It's about 15 16% The other impact is clearly through the commodity prices which really is going to impact most of the Asian countries with the exception of the Malaysian ringgit the Aussie dollar and the Indonesian rupiah And just the last point I would make is if you look at let's say the fed's trade waited emerging market currency index and its correlation with the Bloomberg commodity index what you find is that we've over the past 6 months have a negative correlation higher commodity prices have meant actually lower emerging market currencies And that correlation seldom happens And when it does happen it really indicates a slowdown ahead and negative supply shock and depreciation to come So the rally we have in some of the emerging market commodity currencies is not really going to be sustainable What about when it comes to the yin which is that these June 2015 lows we had yesterday the finance minister trying to talk up the currency but your remaining tactically neutral here on the Japanese currency Very quickly Claudio Yeah I think this is an opportunity to buy dollar yen We're probably going to have more pressure because of the rate differential argument still holding sway on the dollar All right Claudia thank you so much Claudia perron is a co head of Asia FX and rate strategy at Bank of America securities on the line for us From Singapore here on Bloomberg daybreak Asia We are seeing the nikkei two two 5 rise by 1.3% in the early session The ASX 200 up by about a third of 1% and looking ahead to the open in Hong Kong where markets are expected to open.
"south korea" Discussed on Today, Explained
"We can do as a response. This is the frustration..
"south korea" Discussed on WTOP
"A half of the global economy will be another crushing blow to the aggression economy It's already suffering very badly from our sanctions Russian forces have expanded their military push in Ukraine CBS has stayed as more from Poland's border with the country The besieged port city of mariupol is now surrounded this according to Russian military officials the situation there is dire the city has been cut off for days There is no power little if any food stores have been looted people are fighting on the streets Near the capital Kyiv the mess of convoy outside the city has been redeployed They could signal a long anticipated move toward the capitol and overnight Russia expanded the war targeting several western Ukraine cities for the first time On her swing through Europe vice president Harris is in Romania with words of assurance about Ukrainian refugees We stand together Romania and the United States And ensuring that we will do all that is required to put resources into the humanitarian piece of this The U.S. and South Korea say North Korea has tested parts of its biggest intercontinental ballistic missile in two recent launches Asia correspondent Elizabeth Palmer North Korea had said the launches two in the past two weeks were to help develop satellites But U.S. intelligence believes they were really to test components for a much larger weapon The gigantic croissant 17 designed to reach anywhere in the continental United States The highest court in Texas is just blocked a challenge by clinics to a state law that bans most abortions A winter storm packing snow rain and strong wind continuing to gather steam It's going to affect millions WCBS meteorologist Craig Allen.
"south korea" Discussed on WTOP
"Insurance company navigates discount not available in all states of situations Money news at 25 and 55 a WT with Jeff play ball Without finished Monday up just one point but the NASDAQ lost a half percent frontier airlines and spirit planned to merge Although they haven't decided which aim to use after merging sales at bulk retailers like Costco and sands last quarter were up 27% from two years ago on continued consumer stocking up The Washington business journal says organic grocer sprouts farmers market will open a location in manassas it already has one in herndon and is looking for other spots here Jeff claypot double DTP news Jack evasion markets the nikkei is ahead a 184 Australia's ASX 200 head 71 and the Cosby in South Korea I had 24 and three quarters It's about it's almost 1% of its value And just ahead on WT on this Monday evening more states have decided to lift school mask requirements as COVID case numbers drops We have a lot to share with you this evening stay close on the air on the radio I should see on your smart speaker or on the WTF where it's 7 57 Dot com accounting in payroll keep your time in money White capital here serial entrepreneur I started my first business in the basement of a factory over 30 years ago We had no heat and no air conditioning Instead of customers our office visitors were rats birds flies and snakes.
"south korea" Discussed on WTOP
"Steady rain arriving highs will be in the low to mid 60s I'm 14 four meteorologists by Ritter Checking your temperatures 51 in Gaithersburg 51 in Arlington and 51 in lanham at ten 40 When an elected official uses an electronic messaging app that destroys messages once they are received what's public record and what is private conversation That issue has come up for Maryland's governor Ever since his reelection campaign of 2018 Maryland governor Larry Hogan has made use of messaging apps like wicker that allow private chats to be destroyed within 24 hours Now according to The Washington Post Hogan has used the app to discuss public issues including the flap over 500,000 COVID tests that were purchased from South Korea that turned out to be unusable The Maryland has laws on win and how government records must be retained but in a response to W TOP Michael Ricci the governor's communications director wrote quote as has historically been the case there's no document retention policy for the office of the governor Kate Ryan WTO P news Now a check of new COVID cases and hospitalizations around our region D.C. is reporting more than 2200 new COVID cases today Maryland has reported its highest daily case rate ever with more than 14,000 cases reported today Governor Larry Hogan says more than 2000 people are being treated at hospitals in the state most are not vaccinated in Virginia COVID cases have increased nearly 200% over the last two weeks and hospitalization rates are going up too but at a much slower rate there was a 30% increase over the last 14 days And the nation's capital still has the highest case rate in the country In the last 14 days the daily number of new cases in D.C. has jumped nearly 800% with hospitalizations also up so far deaths across our region though are still relatively low Good news there It's a plea being made by emergency rooms and hospitals all across our region and now Virginia health leaders are chiming in They're saying that people with asymptomatic or mild coronavirus cases or non serious illnesses should not come to the emergency room because hospitals are overwhelmed already They say you should go to a testing center and then get treatment from your primary care doctor They add it's a different story if you're having severe trouble breathing or another emergency issue such as intense chest pain or severe weakness Then you should get to the emergency room right away If you do have symptoms of COVID-19 there's a drive up testing site in fairfax county for you It's being hosted by inova and there's so much demand that today's testing was totally booked We planned it right now to have it available at least through the middle of January Lauren ruffino of a nova health system says drive up COVID testing might be available longer if needed We're going to monitor coal volume appointment volumes And if they remain high Ruffino says the goal of the car side COVID testing site is to help keep potentially COVID positive patients away from emergency departments and urgent care centers something state departments of health also are.
"south korea" Discussed on Cyber Security Weekly Podcast
"So if we say, for example, that we see an attack on South Korea organization, could we say it's very likely that it's an North Korean group, for example, or if we see presence of Korean language in some of the male white code or, for example oh yeah, that's right. There is always a possibility that attributions can go in the wrong direction. So we are usually careful with how we work our findings. We often use expressions such as estimate, judge, or likely, something like that. We can only address the country or group behind it. If we have only limited evidence, if there is an incorrect attribution, there is a high possibility that it can cause border incorrect assumptions. But from my experience, I don't think we've had Casey job incorrect initial identification. But there have been cases where other CTL reports have mistakenly pointed fingers at North Korea. Yeah, however, when we continuously investigate incidents and attacks, there are cases when we find some conclusive evidence to make attributions. It's difficult to disclose everything to the public. Because if we code the key factors, how we trace them, track them, and then they may change the technical part. When we are making reports or notice, one of the most difficult things is to decide appropriate level of this code. Remaining use large of signal to extract from reverse code. For example, encryption or decryption codes, debug messages, unusual string and et cetera various things, and we can also check their methodology like how they decrease and hide the encrypted CNC server address, since it means control server. And we dissect how they actually communicate with the instance it's over. It's also the concrete evidence when we track them. And we also analyze the various infrastructure and attack tools from the mostly from the server side. And the Tracy is left on the Thursday is the most impactful factor in terms of attribution. However, server side data is one of those things that are not publicly disclosed. So earlier, I brought up the point that if South Korea is targeted then the possibility of North Korea and North Korean being involved is high. But this could be also misdirect deliberate misdirection by detractor to point fingers at the wrong person, right? Yeah, right. Yeah, it's possible. Okay. Right. Okay, so we talked about the different groups of and the different personas. Attribution. And you say that earlier, you started to with the podcast. He started to say that an ocarina has evolved over the years. And Trump researchers tend to present a brief history of the North Korean beginning from 2009..
"south korea" Discussed on Bloomberg Radio New York
"Quick take This is a Bloomberg business flash Well today China evergreen made a request to Hong Kong exchange and clearing to have its shares which have been halted since the beginning of the month They would like to shares to resume trading today and we have information from CGS security saying that if this were to happen we could see the stock gap down somewhere between 15 to 20% The reason being that China evergreen has terminated discussions to sell its property management arm will get trading underway in Hong Kong at the bottom of the coming hour Right now if you look at what's going on in a Tokyo the nikkei weaker by about four tenths of 1% Information technology leading the decline also in decline the market in South Korea Because B is off about a tenth of 1% material shares leading the way lower here We had some eco data for South Korea earlier Trade data this is export data for the month of actually the first 20 days of the month up 25.7% That's year over year We also had South Korean producer prices rising 7 and a half percent in the month of September also a year over year figure The Korean won has been fluctuating a bit right now virtually unchanged against the dollar a little bit of strength coming through now in the Japanese yen where the greenback is concerned one 1426 the nikkei now weaker by about a half of 1% In Sydney ASX 200 pushing higher by about two tenths of 1% in this case its real estate along with material and financial shares moving higher New Zealand has become the second country to secure a post Brexit free trade agreement with the UK this deal aims to eliminate all tariffs on exports.
"south korea" Discussed on Reds Ramblings
"Ask. Do you have a wide accent. Yeah if you have managed to. I talk about percents max no i can. I can understand you just fine. I think people say maxine. Latin america next king of korean college next thing you keep saying is are you saying. -ccomplish congress does that. Is that korean. So usually with these artifacts critical okay spangler but for some tiv shameful undertones so yeah i think i have. I think i have anguished. Also sandwich people described things in talk about the education system. Especially now that you're in in america living.
"south korea" Discussed on Reds Ramblings
"Yes the protests who teach amick subjects. Interesting teach you teach you a combination of a review of the same thing to learn at school right and they teach in advance of the next year. Learn the next. Yeah yeah so singles three and after coming to chiller the parents for feeling safe in bed in the public system so almost having to there's hunker curse now so there is that area. The other area is private.
"south korea" Discussed on Reds Ramblings
"Starts out of thousand goes down to here so people are competing where the in equally permanent share where the scores were a thousand. A thousand thousand nine hundred ninety nine point ninety nine or competition. We're facing and a rag and said forget the expression and something raise a word. Education department will be like well. It's it's crazy. We cannot like twenty thousand scores. so let's make the test farther see thousand. Say ninety five ninety eight so seymour. Scores rival iran than the parents. Going crazy like all the tests are harder. Prepare our their score score higher end these endless. I'm race occasionally permanent trying to make this more normal right. The parents really trying to get children today. The system ingrained crazy. Now that's a story until the nineties story of the to expand is still goes so yeah i think they h financial crisis of nineteen ninety seven. Change this very deeply so was growing economic kind of the eighties and nineties very fast. And they've asian financial crisis ninety seven. What that meant is the employment group by by so much better of people thought they have. They have lifetime. Job's company lawford fire because coming downsizing it meant sal tunnel. People are young. What toppings top. This was no longer getting good paying jobs. I really the company doing all this whole employment situation really recovered from that situation from nice said and it's crazy so twenty years twenty years during which he was hard for the young label. I get jobs or at least i mean you can get. You can't get a job for you. Get paid like four bucks an hour at a convenience store those are there right now the good jumps he so hard and so forth so there's this new trend among young people only parents event. which is. there's no hope anyone you're not gonna make it all man so i mean there's some parents who are. Maybe you should try to do this. But there's a growing. There's a growing number of people part. I'm not gonna go to college for money right and when they go to college And i'm not gonna go to college. I'm going to go to with like me resting my city. Which is or. They think they should do my homework. I'm not gonna do anything. I'm just failed college. Or maybe just earn passing. And i mean anything that can't get jobs offload that's situation long. So that's why the top people are still like to right. Yeah they're going for one. I was in late.
"south korea" Discussed on Reds Ramblings
"See so. Yeah that's sad. Talking befriend social social economic reasons for why these came could be so. Let's see what other people trying to from the system helping know having big into following that conversation louis either and so something that people bring have a law. And that's one thing is how korea us so in pre modern times during the feudal times up until.
"south korea" Discussed on Reds Ramblings
"Born in bussan. This is how it said correct. Yes yes and which kinda makes me laugh a little bit that you don't let our because there's that big horror movie that came out trained bussan witch will one. I've never i've yet to watch either but it was like trained to your homeland. Essentially you'd never been there or watch. Watched it for harm. Movies is i gotta ask them. Don't like horror movies. Is there reason directed one as as a child scare you or something like what caused that. They're still enjoy scared l. Enjoy being stared slow at. Oh i agree there my wife. She watches all the consonants. All she does our movies and true crime stuff and me. I'm like i'll watch monster movies but are things just aren't my thing. Either i would say are there. I would imagine. I've spoken with people from like other. Asian asian countries like philippines and malaysia and whatnot and there are some stories passed down urban legends specifically. I there was one in from the philippines. Mimicry was the monon engvall ghoulish into tier something. Are there any south. Korean type urban legends. That you can recall urban legend. I imagine it's more. Contemporary like maintains twentieth century or saying like traditional scary story scary stores. I think there's a lot usually all also woman had things very very bird onto her. Okay over this feeling that either. Some group someone appropriate paul intentionally. Infer things to you that there. There's no intention but things turned out in the worst way. Possible right for your life and as a result you feel sure how to translate. That english is cranes usa love and that is very racist. Really quick google problem fair l. Whatever sect unfair became for unfair imply intention. Their niece people. All right. thanks to i would agree. What do you know what if your family one day understood virtual so anyway. So there's this word and some of the people who they into the faith that something unique to create creatine historic cog nationally experience with polio. War that being green experience and culture and again highest again released to this theory of anyway so they are religious. Go this positivity stipulate and usually guys or pass away or kill while keeping that feeling of like thanks have been very fair so that she go. They do that. Villagers can see her ghost roaming around and they ghost is.
"south korea" Discussed on Reds Ramblings
"I like that. Yeah so it's in created old school age counting system which spray that people are born with one year and then under that under that conferences. Same age on january first by the luminary lunar candidate system right allows paid people can assist. Here's an yet another relic from countries all times people. I can people come on january. First under this whole our town raglan norma lunar system around late january right now. It's around like right mirror a few weeks so yeah so they're snide and people are company. Said that that's all school. Systems and people are coming out. South korea china and japan east asia must have some sort of system similar to that outside the us and those were the system is different which is also used in korea. People are constantly jumping back and forth between assistant talking to your grandparents care about talking to your peers. I think when i was around her will meet nineties. We we talked about the year your foreign nelson most shirk perfectly to this of light and eighteen and then they ask can also stop all school on the news where they need to clarify that. If you just say your europe. I there's no no confusion. Gotcha gotcha so yeah. People are jumping back and forth with the systems in pay. When people start getting the meat late twentieth start to must feel good about being polled. Right they start going the western assistant this thing and still in my twenty s. I cannot be so there's going on. Curious i lived said. What's the origins of the. Why why do we have the whole system and all that expert. It's ruth and somewhere major last say school for anthropology interesting yes because of reading reading of all clubs paying just starting describing them culture silence. I forgot well did. Did you when you when you were young. Did your family do that. Whole laid out you know in which would ever you crawl to like the pencil or whatever it was. yeah yeah. So that's the one hundred. They hardly So when the baby after the baby throwing australia's one hundred days three months as ordeal celebration. And that's when they have to do things and based on what you there are some items that tradition your place that are just standard fare right like will pencil. Something relate to my money yeah. There's something related. money in. There was a pending families or the parents perferences. There are things that kind of slider in right so the finally even trae which chevy for various meeting kind of my related family of doctors or something. They'll put something medically related possibly. Yes so what did you. What i think when you're like as you're growing up especially grandparents keep telling you what you're right maybe also saw went to college so that'd be good at least that's cool because i yet lot though. A lot of asian countries have go by the different calendars like the chinese calendar. And all kinds of stuff like on every like snout at. You're in the states. Every chinese restaurant they're like takeout menu or something has like the chinese calendar on the back with different chinese zodiacs and whatnot in our member particularly for the defend the grace of being like inter surfers..
"south korea" Discussed on Biz Talk Radio
"Way, he's told the lean And that way's being told a lean Is Pro abortion. So this year. All we can do is do our poor part with pre born if you haven't given to pre born, you need to do it. So many of you do it on a monthly basis and you could go toe pound to 50 Just all the pants on 2 50. You could do that. You can give to Pre born Or you could go to pre born dot org's Make sure you let them know You know about them because of financial issues. We would appreciate that. Also India partners Tell you something. We have made an impact for Christ in India to the likes of which nobody has ever seen. And I really mean that so you may know the largest church in the World Christian Church. Is out of South Korea. It is ah huge body of believers. It wasn't that long ago, the South Korea had virtually no believers. 30 40 50 years ago. 50 years ago, I'll say Oh, millions of believers in China worshiping underground. Hardly any in India. But I was told the week before Christmas. In one village alone. 27 people came to Christ. That doesn't sound like a lot, but it might as well be 27,000. That's a huge number because a cove it We praise God for Cove. It Because through that way will eight We were able to deliver aid deliver help to the suffering orphans, Widows, Handicap and.