The Seoul Metropolitan Police Agency said it had launched an investigation into allegations about an employee of crypto billionaire Do Kwon's Terraform Labs

The currency's recent depreciation reflects fundamentals, such as market expectations of differing monetary policy paths between the US and Japan, the IMF said

While conceding his words may have been inappropriate, Bank of Japan governor Haruhiko Kuroda said the remark was intended to help explain the need for more wage growth

Consumption remained resilient in the face of resurgent Covid-19 infections, the data show, in an encouraging sign for Japan's economy

The decision to centralize procurement is a sign that chip shortages may persist and are forcing companies to implement more aggressive measures

While Sony will develop the software and entertainment content available in the car, Honda will provide the hardware and safety features for the vehicle, the report said

Unlike its US and European counterparts, the BoJ does not face a trade-off between the need to tame inflation and support the economy, Kuroda says

The CPI rose 5.4% in May from a year before, according to Statistics Korea data, faster than the 4.8% rise the previous month and above the 5.1% tipped in a Reuters poll

The country's lack of advanced technology was underscored by how many employers struggled to make the shift to remote work when the pandemic began, the IMF report said

The carmaker will procure electricity from renewable sources and use carbon-neutral vehicles at its factories, among other measures, it said in a statement

Beijing warns the US to handle its dealings with Taiwan prudently so as not to encourage separatists after Washington says it will launch new trade talks with Taipei

South Korean Do Kwon co-founded TerraUSD and Luna, two cryptocurrencies that crashed last month, causing mayhem across the industry.