Games & Commerce

KOCCA sets four new strategies and 10 tasks to shift from K-content to K-culture

The Korea Creative Content Agency said it will revamp its support system for the K-content industry, focusing on expanding content intellectual property, boosting overseas expansion and strengthening support for financing, talent and AI. It announced four new strategies and 10 key tasks, including a K-culture export package and a reorganisation of overseas business centres. It also plans to expand loans and work-experience programmes and step up cultural technology R&D.

Crypto

Peter Schiff says Fed has already lost to inflation, chose gold over bitcoin

Peter Schiff said the Federal Reserve has already lost the fight against inflation and that further interest-rate increases could put strong downward pressure on bitcoin and the broader crypto market. In an interview, he tied bond-market instability, rising U.S. Treasury yields, weakening dollar purchasing power and increased central-bank gold buying into a single trend. He said restoring credibility would be difficult and argued that bitcoin lacks backing compared with gold.