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Games & Commerce

South Korea spatial data industry sets 12 demands after Google map export approval

South Korea’s spatial information industry objected to the government’s conditional approval allowing Google to export high-precision map data overseas. Six organisations warned the decision could have major structural effects on the domestic industry and raised concerns about a lack of public deliberation. They cited survey and analysis results showing strong opposition and potential long-term economic costs. The groups demanded 12 conditions, including fair fees, shared use of derived data and equal regulation, and called for a 1 trillion won fund.

Finance

KOSPI snaps six-session rise to close lower at 6,240

South Korea's KOSPI hit a new intraday record but ended lower as large-scale foreign selling pushed the index down. The benchmark closed 63.14 points, or 1.00 percent, lower at 6,244.13, snapping a six-session rising streak. Foreign investors were net sellers of 569.04 billion won, while retail and institutional investors bought 533.5 billion won and 110.9 billion won worth of shares, respectively. The KOSDAQ ended higher.

Crypto

XRP community debate focuses on holdings, not dollar wealth, for top 1 percent

An XRP community analyst, Austin, urged crypto investors to rethink how they measure wealth, focusing on rankings by token holdings rather than dollar net worth. Data cited in the discussion show a wallet needs at least 46,277 XRP to be in the top 1 percent, out of about 7.65 million wallets. At an assumed price of $1.44, that would cost about $66,638. The debate extends to thresholds for the top 5 percent and 10 percent and to how small shifts in holdings can change rankings.