South Korean customs officers arrest 16 people for alleged to foreign exchange violations
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Singapore court rules in favor of Bithumb founder in acquisition caseA Singapore court has made a ruling against Kim Byung-gun, who has originally accused the owner of Bithumb, Lee Jung-hoon, of defrauding him. However, the saga surrounding the South Korean crypto exchange isn’t over yet.
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S. Korea May Conduct Survey on BTS Members' Military DutySouth Korea may conduct a public survey to help determine whether to grant exemptions to mandatory military service to members of the K-pop boyband BTS. The issue of military service for the band’s seven members has been a hot-button topic in South Korea because its oldest member, Jin, faces enlistment in December, when he turns 30. The defense minister told lawmakers he ordered officials to implement a survey quickly. He said his ministry will also look into various other factors such as BTS’s economic impact, the importance of military service and the overall national interest. By law, all able-bodied men in South Korea must serve 18-21 months in the military. But exemptions are granted to certain athletes, musicians and artists.
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Bank of Korea Warns of More Market Volatility Ahead as Fed Signals More Rate HikesBank of Korea Governor Rhee Chang-yong says there’s a chance of increased volatility following more rate hikes from the Fed, according to a text message from the central bank
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