Tag
South Korea
26 articles
MoonPay Launches Korean Unit, Targets Asia Expansion with Local Financial Partners
MoonPay Korea will integrate global payment and stablecoin infrastructure with domestic financial services for remittances, payments and digital asset distribution.
South Korea 3-Year Yield Hits 4.014% — Highest Since November 2023
Seoul's three-year treasury yield breached 4% for the first time in nearly three years as U.S. rate pressures and Middle East oil surge compress duration across the curve.
Samsung, SK Hynix Balk at $18.7B Power Infrastructure Prepayment
South Korean chipmakers reject Korea Electric Power's upfront payment proposal, signaling caution over semiconductor demand durability.
South Korea Sets February 2027 Launch for Tokenized Securities Framework
The FSC's three-stage roadmap begins with institutional private instruments, expands to public securities, and culminates in stablecoin settlement by design.
South Korea's FX Fund Bought $20 Billion From SK Hynix Listing
The Foreign Exchange Stabilization Fund purchased dollars SK Hynix repatriated after its record $26.5 billion U.S. share sale, a source with direct knowledge said.
South Korea's Wrtn Targets $144M Revenue on $722M Valuation
The AI entertainment startup's OOC platform hit $7.2M monthly revenue three months after U.S. launch, trading at 5x forward sales—a discount to comparable growth-stage SaaS peers.
SK Hynix Misses Consensus, Crashes 9.7% Despite Record Profit
South Korean chip giant's $41.8 billion quarterly operating profit fell 5 percent short of expectations, triggering broad selloff in semiconductor and AI-linked stocks across Asia.
Japan Calls U.S.-South Korea Cooperation 'Critical' as Trump Cuts Drills
Defence Minister Shinjiro Koizumi, speaking in Sydney, warned the three-way alliance is essential as Trump scales back Ulchi Freedom Shield exercises and praises Kim Jong Un.
Landslide Kills One in South Korea as Southern Region Records 800mm of Rain
A residential building in Geoje had its first floor buried by debris; authorities evacuated 100 residents and were rescuing 20 more stranded nearby.
Trump Orders Pentagon to Cut Joint Drills With South Korea, Citing Kim Relationship
South Korea says its 18,000-soldier exercises will proceed as scheduled despite Trump's order to reduce U.S. participation, citing Pyongyang's recent missile tests.
South Korea's Lee Calls for Talks With North to End Seven-Decade War
President Lee Jae-myung proposed formal peace negotiations with Pyongyang on Liberation Day, saying the two Koreas should discuss halting North Korea's nuclear program.
North Korea Warns of Self-Defense Steps as U.S.-South Korea Drills Near
Pyongyang's Foreign Ministry called the 11-day Ulchi Freedom Shield exercises a war rehearsal more dangerous than last year's; two ballistic missiles were launched this week.
South Korea's $3.5B Chip Fund: Can Seoul Buy Its Way Into Semiconductor Independence?
Seoul commits 10 trillion won in direct funding and trade finance to build out local chip materials, equipment and fabless firms.
South Korea's Chip Boom Creates 'Silicon Collar' Class, Fuels Wealth Debate
Record profits at Samsung and SK Hynix are lifting a new tier of highly paid workers and forcing the government to weigh how to distribute a windfall tax surplus.
South Korea Debates How to Share Wealth From AI Chip Boom
Seoul is weighing how to distribute profits from its dominant AI chip industry without deterring private investment.
South Korea's Used ETF Curbs Cut Trading After Retail Holdings Hit 14 Trillion Won
Regulators raised the minimum investment tenfold to 30 million won after single-stock leveraged ETFs tied to Samsung and SK Hynix sparked a market rout.
Solana Pay Targets $4 Billion Monthly Volume With KSNET Deal
South Korean payment processor KSNET will pilot Solana Pay across 330,000 merchants, routing 130 million monthly transactions onto the Solana blockchain
Hong Kong Tech Shorts Unwind as Korea Correlation Flips Positive
Global macro funds are closing short positions in Hong Kong tech after the 60-day rolling correlation with South Korean chip stocks swung from -0.35 to +0.15, breaking the pair trade thesis.
Mirae Asset Acquires Korbit, Puts $1T TradFi Giant Inside Korea's Crypto Stack
South Korea's Mirae Asset Group, managing over $1 trillion, acquired Korbit, the nation's oldest crypto exchange, in a direct push into digital asset trading and custody.
Circle Targets South Korea's 52 Million Kakao Users for USDC Payments
The stablecoin issuer signed a memorandum of understanding with Kakao Group to integrate USDC across KakaoTalk and Kakao Pay's vast digital ecosystem
Tether Files Korean Trademarks for XAUT, Shows Market Entry Plans
Tether's trademark filings in South Korea, including for its gold-backed stablecoin XAUT, position the issuer for market entry as new stablecoin regulations approach
OKX Takes 20% Stake in Coinone to Enter South Korean Market
The investment gives OKX direct access to Korea's regulated crypto market through the country's third-largest exchange
Foreign Capital Exits Korea as Domestic Funds Drive KOSPI to Highs on AI Chips
Overseas investors cut Korean stock exposure for fifth straight month while local buyers push index higher on semiconductor strength
AbbVie's Aesthetics Unit Gains From Korea's Cosmetic Surgery Boom
South Korea's expanding cosmetic surgery market signals strong growth for U.S. medical aesthetics companies like AbbVie
Bithumb Scores Major Legal Win, Igniting Confidence in Korean Crypto Market Stability
South Korea's Bithumb exchange secured a critical legal victory, reinforcing regulatory clarity and potentially driving investor confidence across the Asian digital asset landscape as Bitcoin trades above $77,000.
Seoul Leak Allegations Ignite Risk Premium, Asia Bond Spreads Widen
South Korean official’s denial of classified intelligence leak fails to fully quell market jitters, prompting a cautious re-evaluation of regional sovereign and corporate credit risk.