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Games & Commerce

TikTok says K-culture economic impact to reach 40.64 trillion won by 2030 as beauty, food and tourism spending spreads

The global spread of K-culture is translating into real spending in industries such as beauty, food and tourism, with the economic ripple effect estimated at about 40.64 trillion won by 2030, an analysis showed. TikTok and consulting firm Kearney released a joint report based on a survey of 3,300 consumers aged 16 to 49 in 10 countries and an economic impact analysis across six K-culture sectors.

Industry

SpaceX to cut Florida Starlink launches to about 2 a month from 8 to 9

SpaceX will sharply reduce launches from Florida for the rest of this year, effectively ending Starlink missions there and continuing Starlink launches mainly from Vandenberg Space Force Base in California until Starship is deployed. Ars Technica reported the Florida cadence could fall to about two launches a month from 8 to 9. A SpaceX vice president said the latest Falcon 9 launch was the last scheduled Florida Starlink mission for now.

Crypto

Thailand spells out crypto ETF rules, bitcoin and ethereum to be allowed first

Thailand has advanced plans to introduce spot cryptocurrency exchange-traded funds by releasing draft rules for local crypto ETFs and standards for overseas digital asset custodians. Initial approval would be limited to bitcoin and ethereum, allowing asset managers to launch passive ETFs tracking their prices. Each ETF would hold only one cryptocurrency and keep average net exposure at 80 percent or more. Trading would be done only through the Thai SEC, and feedback is open until Sept. 20.