·Confidence 80%
South Korea's Crypto Exchanges See 566K Foreign Accounts
South Korean exchanges report 566,000 foreign accounts, yet only 90 are active, highlighting regulatory challenges for foreign investment in crypto.
#South Korea
33 articles tagged with #South Korea
·Confidence 90%
iShares MSCI South Korea ETF Sees $213.8 Million Outflow
The iShares MSCI South Korea ETF (EWY) experienced a significant outflow of approximately $213.8 million, marking a 0.8% decrease in shares outstanding.
·Confidence 90%
Upbit Sees 273% Trading Volume Surge from South Korean Investors
Upbit's trading volume has surged by 273%, indicating a return of South Korean investors to the crypto market, driven by a shift in capital flow.
·Confidence 90%
South Korea Proposes Expanded FIU Powers for Crypto Oversight
South Korean lawmakers are proposing to enhance the FIU's authority to investigate unregistered crypto firms and refer violations to law enforcement.
·Confidence 80%
South Korea to Establish Chip Fund for Youth and AI Growth
South Korea is launching a strategic fund to convert tech windfalls into sustainable economic growth, prioritizing youth initiatives and AI investments.
·Confidence 90%
South Korea's Early Exports Rise, Bolstering Rate Hike Outlook
South Korea's early August exports show strong growth, driven by AI demand, reinforcing expectations for additional interest rate hikes in the economy.
·Confidence 90%
BitGo Becomes First Global Crypto Firm with South Korea License
BitGo has secured a virtual asset license in South Korea, claiming to be the first global crypto company to achieve this milestone, backed by local partners.
·Confidence 85%
BitGo Korea Gains VASP Registration for Institutional Custody
BitGo Korea's recent VASP registration could boost institutional crypto adoption in South Korea, impacting the regulatory and financial landscape.
·Confidence 80%
Bitcoin Stays Above $64,000 Amid South Korea's Market Decline
Bitcoin remains steady above $64,000 as U.S. Treasury yields decline, contrasting with a 5.8% drop in South Korea's Kospi index.
·Confidence 90%
Korea's Yield Curve Hits Five-Year High Amid Bond Selloff
The spread between South Korea's three- and 10-year bond yields reaches its widest point in nearly five years, driven by a global long-bond selloff.
·Confidence 90%
South Korean Won Strengthens Past 1,400 Per Dollar Mark
The South Korean won has strengthened beyond the 1,400 per dollar level, marking its first advance in over 10 months, driven by a robust semiconductor sector.
·Confidence 90%
South Korea's Household Loan Growth Hits Five-Year High
Household loan growth in South Korea surged in Q2, driven by increased home purchases and unsecured borrowing, raising financial stability concerns.
·Confidence 90%
South Korea Faces Selloff as Rising Bond Yields Hit Chip Stocks
South Korea's chip stocks decline amid rising bond yields, raising concerns over significant cash outflows from major tech companies in Asia.
·Confidence 85%
Kbank Leads Ripple Payments Initiative in South Korea
Kbank's partnership with Ripple may boost blockchain adoption in South Korea's banking sector, posing a challenge to traditional payment systems.
·Confidence 85%
M&G Investments Predicts Rally for South Korean Bonds
M&G Investments forecasts a rally in South Korean government bonds, anticipating the central bank will slow interest rate hikes as inflation pressures ease.
Korean Bonds ↑ Strong
·Confidence 90%
Delio CEO Jeong Sang-ho Sentenced to 15 Years for Fraud
Jeong Sang-ho, CEO of Delio, has been sentenced to 15 years in prison for his role in a crypto fraud case involving 70 billion won, down from 20 years sought
·Confidence 80%
Trump Orders Pentagon to Cut Military Drills with South Korea
President Trump has directed the Pentagon to reduce military exercises with South Korea, potentially impacting regional security and North Korea's stance.
·Confidence 90%
Delio CEO Receives 15-Year Sentence for Crypto Fraud
The CEO of Delio has been sentenced to 15 years in prison for a $50 million crypto fraud scheme, shorter than the 20 years prosecutors requested.
·Confidence 85%
South Korea Requires Paper Trading for Leveraged ETF Investors
South Korea introduces a five-day paper trading requirement for leveraged ETF investors following a significant 90% drop in trading volume, potentially
·Confidence 90%
South Korea's 30-Year Bond Yield Reaches Record High
South Korea's 30-year government bond yield has surged to a record level due to rising energy prices and reduced demand from life insurers.