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Games & Commerce
Korea Post launches Youth Future Savings offering up to 8.0 percent interest
Korea Post will launch its Youth Future Savings product on June 22 as a new participating provider of a government policy finance programme aimed at helping young people build assets. Eligible applicants are aged 19 to 34 and meet income requirements, with some small business owners also able to join if household income criteria are met. The three-year savings plan offers a base rate of 5.0 percent, with preferential rates and an event bonus lifting the maximum to 8.0 percent.
Crypto
Alt season may not return as bitcoin dominance expected to deepen
Doubts are growing over whether an “alt season” can return if the past pattern of bitcoin profits rotating into altcoins weakens. Cointelegraph reported on June 20 that bitcoin’s market dominance remains above a key support level, raising the possibility that bitcoin will continue absorbing funds from altcoins for the time being. CryptoQuant CEO Ki Young Ju said the rotation from bitcoin to altcoins has effectively disappeared.
Crypto
EU launches consultation on MiCA revision as stablecoins and DeFi emerge as key issues
The European Commission has begun a consultation on revising the EU crypto regulatory framework MiCA, with stablecoins and decentralised finance seen as central issues. Industry participants are focusing on improving the competitiveness of euro-denominated stablecoins and clarifying DeFi rules. The EU started collecting views in May ahead of future amendments and possible additional legislation. The consultation also covers prediction markets and questions over which regulatory framework should apply.
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Industry
LG Electronics expands WashTower and WashCombo lineup
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Finance
KB Kookmin Bank holds prize event to mark launch of KB Youth Future Savings
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Games & Commerce
Coupang Eats Services expands heatwave support for delivery partners with labor ministry and local governments
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Finance
Woori Financial Group to expand productive and inclusive finance by 10 trillion won
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Industry
LG Energy Solution first global battery maker to top 100,000 patent applications
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AI & Enterprise
KT unveils E2E Quantum Security network plan to prepare for quantum computing
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AI & Enterprise
SKT, Korea IT Academy team up to train security and network AX talent
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AI & Enterprise
KT recruits trainees for K-New Deal Academy to train AX talent
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Finance
Hana Financial Group to expand senior care outreach through park golf
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AI & Enterprise
AI investment drives up electronic component prices, pushing up IT device costs
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Telecommunications & Media
iOS 27 to revamp Siri with contextual answers from texts and emails
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AI & Enterprise
Big cloud AI chip war enters new phase as Google, Amazon push external sales
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AI & Enterprise
OpenAI, Anthropic eye Korean startup innovation, pledge more support
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Finance
KOSPI above 9,000 faces test from PCE, Micron earnings
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Crypto
XRP raises possibility of repeating 2024 rally, with $8 target mentioned