SEOUL, April 9 (Yonhap) -- Lotte Card Co. has been notified by the financial watchdog of around 5 billion won (US$3.38 million) in financial penalties and a business suspension of over four months over its massive data leak, informed sources said Thursday.
A currency trader works near a screen showing international oil prices at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, April 9, 2026. (AP Photo/Ahn Young-joon)
The Galleries Art Fair 2026 kicked off on Wednesday at Coex in southern Seoul, drawing strong crowds and signaling a good start to the year. As Korea’s oldest art fair, the fair is considered as a barometer of the domestic art market of the year.
SEOUL, April 9 (Yonhap) -- Foreign sell-offs of South Korean stocks hit a record high in March amid escalating geopolitical tensions in the Middle East, central bank data showed Thursday.
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again?
IEA warns that current oil and gas shocks surpass past levels, forcing import-dependent nations to prioritise solar and wind for domestic energy sovereignty
IEA warns that current oil and gas shocks surpass past levels, forcing import-dependent nations to prioritise solar and wind for domestic energy sovereignty
Congressional candidate Saikat Chakrabarti spent time with online personality Hasan Piker last week at the treasured Key Food Market liquor store in San Francisco — gushing over the controversial far-left streamer as a “friend” and “good person.”
Private equity firm Bain Capital has sold its entire stake in Korea Zinc to Meritz Financial Group, ending its role as a key backer of Chairman Choi Yoon-beom after about 18 months, according to investment banking sources on Thursday.
NEW YORK — Oil prices plunged below $95 per barrel, and stock markets surged worldwide Wednesday after President Donald Trump pulled back from his threat to destroy Iran.
With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as th…
President Lee Jae Myung was set to preside Thursday over his first plenary meeting of the National Economic Advisory Council to discuss measures to cushion the Middle East conflict's impact on the economy.
SEOUL, April 9 (Yonhap) -- President Lee Jae Myung was set to preside Thursday over his first plenary meeting of the National Economic Advisory Council (NEAC) to discuss measures to cushion the Middle East conflict's impact on the economy.
Finance Minister Koo Yun-cheol said Thursday that volatility in the financial and foreign exchange markets has "somewhat eased" following a two-week ceasefire between the United States and Iran.
Venezuela’s acting President Delcy Rodriguez smiles during a meeting with a delegation led by U.S. Energy Secretary Chris Wright at Miraflores Palace in Caracas, Venezuela, Feb. 11, 2026. (AP Photo/Ariana Cubillos, File)
SEOUL, April 9 (Yonhap) -- Finance Minister Koo Yun-cheol said Thursday that volatility in the financial and foreign exchange markets has "somewhat eased" following a two-week ceasefire between the United States and Iran.
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A street food seller on the Thai island of Koh Lam: Prices for plastic packaging used by such vendors have risen sharply across Southeast Asia since the Iran war started. (Photo by Yuki Kohara)
SEOUL, April 9 (Yonhap) -- Financial holding companies in South Korea saw record net profits last year thanks to the robust performances of banking and insurance operations, data showed Thursday.
We are living through a rare moment in which two powerful forces are pulling prices in opposite directions. Markets must grapple with both the immediate threat of higher inflation from geopolitical tensions and conflagrations, as well as the longer-term risk of artificial intelligence-driven deflation.
Oil prices plunged below $95 per barrel, and stock markets surged worldwide after President Donald Trump pulled back from his threat of devastating attacks against Iran.
Australia’s sharemarket is expected to slide on opening despite oil prices plunging and stock markets surging worldwide after President Donald Trump announced a two-week ceasefire in the US-Israeli war against Iran.
The Ritigala Wildlife Officers arrested two individuals along with a stock of illegal deer antlers and sea shells hidden in a house in the Paragoda area of Bulathsinhala.
The Ritigala Wildlife Officers arrested two individuals along with a stock of illegal deer antlers and sea shells hidden in a house in the Paragoda area of Bulathsinhala.
Seylan Bank partnered with the Wildlife and Nature Protection Society (WNPS) to support the World Wetlands Day – WNPS All-Island Programme 2026 as the Title Sponsor, reinforcing its commitment to environmental sustainability and conservation.
Alliance Finance Company PLC (AFC), Sri Lanka’s oldest non-banking financial institution, secured three distinguished recognitions at the CPM Best Management Practices Awards 2026, reaffirming its leadership in sustainable finance, governance excellence, and responsible business practices.
The power of momentum was the focus when Ceylinco Life, one of Sri Lanka’s life insurance market leader for an unbroken 22 years, celebrated the exceptional achievements of its top-performing sales force at its Annual Awards Ceremony 2026, held at Cinnamon Life Colombo.
Federal Reserve officials still expect to deliver an interest rate cut this year as they wrestle with the uncertain economic outlook because of the Iran war, according to minutes from the central bank's March meeting, released on Wednesday.
LAUGFS Gas PLC announced yesterday that the company has commenced island-wide distribution, releasing approximately 30,000 LPG cylinders daily following the resumption of filling operations at both the Hambantota and Mabima plants.
India’s airport tariff regulator has ordered major airports to cut landing and parking charges by 25% for three months for domestic flights, offering relief to the country’s airlines that are under financial pressure due to the Iran war.