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Industry

IST E to supply sorters to SK Hynix M15X line

IST E said on Thursday it signed a contract with SK Hynix to supply semiconductor automation equipment worth 4.4 billion won, or 10.68 percent of its 2024 annual revenue. The equipment, a sorter, supports automated wafer handling in clean semiconductor production lines. The company said the sorter will be applied to SK Hynix's new M15X line, which is expected to begin operations this year. Delivery is due by Oct. 1, 2026.

Crypto

Hashed Open Finance unveils Maroo blockchain aimed at won stablecoin

Hashed Open Finance, a unit of Web3 venture capital firm Hashed, said on Thursday it released a lightpaper for Maroo, a sovereign Layer 1 blockchain designed for the South Korean won economy. The company says Maroo aims to combine openness and scalability with compliance, auditability and privacy. It plans to use the won as the first target currency and later expand to other fiat currencies. It also features a dual-track transaction model and controls for AI agents.

Finance

Over 500,000 report capital gains tax on overseas stocks

More than 500,000 investors filed capital gains tax reports on profits from overseas stock investments for 2024, rising 152.7 percent from a year earlier, data submitted to a lawmaker showed. Total reported gains rose 303.1 percent to 14.4212 trillion won. The S&P 500 rose 23.3 percent and the Nasdaq 28.6 percent in 2024, while the KOSPI fell 9.6 percent and the Kosdaq dropped 21.7 percent.