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Crypto
Ray Dalio says he holds bitcoin but only 1 percent, still prefers gold
Ray Dalio, founder of Bridgewater Associates, said bitcoin still accounts for about 1 percent of his overall portfolio and that he prefers gold as an investment priority. He described bitcoin as a type of money that cannot be printed, but cited risks including technological change and potential government intervention such as monitoring or taxation. He also reiterated concerns about regulation and said central banks are unlikely to hold bitcoin in meaningful size.
Finance
BNK Busan Bank launches preferential loan for daily construction workers
BNK Busan Bank has launched a preferential loan product for daily construction workers who have difficulty providing proof of income and employment. The bank said the loan offers up to 35 million won and carries an interest rate of up to about 5.5 percent a year. It will use severance fund contribution records issued by the Construction Workers Mutual Aid Association and also reflect estimated income calculated by a credit rating agency.
Industry
U.S. seen seeking Ukrainian drone technology IP; expert says similar to China Boeing tech transfer
Analysts say the United States is seeking to secure intellectual property tied to Ukraine's drone technology, focusing on battlefield-proven software, operational know-how and production methods rather than expanding formal defence cooperation. Experts draw parallels to how China obtained Boeing aerospace technology through joint manufacturing deals. They say the Pentagon is interested in AI-based terminal guidance and navigation that works without GPS, while Ukraine continues to expand multiyear drone cooperation programmes.
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Finance
IBK Industrial Bank of Korea launches 1 trillion won inclusive loan for mid-to-low credit borrowers
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Crypto
Aave to remove low-adoption reserves, end services on six small blockchains
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Games & Commerce
Starbucks deploys mobile cafe to support heatwave-vulnerable groups
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Crypto
Strategy posts $8.22 billion net loss in Q2 on bitcoin weakness
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Telecommunications & Media
MVNO industry welcomes government support measures, pledges lower bills
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AI & Enterprise
Microsoft releases latest cases of Frontier Transformation firms integrating AI into core work
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Industry
Samsung Electronics steps up household rollout of electric heat pump boiler
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AI & Enterprise
PolyAI launches speech model that does not go through transcription, reflects intonation and emotions
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AI & Enterprise
Cantina raises $8 million for post-vulnerability response automation platform
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Games & Commerce
Nexon Korea donates 88 million won for treatment of children with burn injuries
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Finance
Samsung Electronics re-enters $1 trillion market cap club as KOSPI market value recovers to 5,000 trillion won
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Finance
Korea Investment & Securities overhauls MTS stock and ETF screens
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Crypto
World Cup fuels prediction markets as $20 billion in bets pour in
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Crypto
U.S. Senate Democrats seek new anti-corruption agency targeting Trump; impact on Clarity Act in focus
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Crypto
Quantum Solutions sells 1,000 ETH, raises Ethereum disposal cap for AI infrastructure investment