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'Treasure ship' claim raises eyebrows in South Korea

A South Korean company's claims that it has discovered the wreck of a Russian warship containing $130 billion in gold "treasure" off South Korea has been met with scepticism from researchers and regulators in Seoul.

S.Korea stocks gain after dollar drops on Trump's comments; won falls

Round-up of South Korean financial markets: ** South Korea's KOSPI stock index climbed on Friday as the dollar sagged after U.S. President Donald Trump expressed concern about the greenback's strength and the Federal Reserve's interest rate hikes. The currency won and bond yields fell. ** At 0121 GMT, the KOSPI was up 3.66 points or 0.16

UPDATE 1-U.S. equity ETFs break six-week streak of outflows -Lipper

Fund investors piled into U.S.-based equity exchange-traded funds in the week ended Wednesday, following six straight weeks of withdrawals, Lipper data showed on Thursday, as investors geared up for strong quarterly earnings. The flows showed that investors were "putting money back into play," said Pat Keon, senior research analyst at Thomson Reuters Lipper. ETF investors put $4.7 billion of the $5 bil

Switzerland seeks to regain cryptocurrency crown

Swiss regulators are stepping up efforts to halt an exodus of cryptocurrency projects from the country, after two of only a handful of banks active in the nascent sector shut their doors on it in the last year.