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Games & Commerce

Kakao management, labour agree to extend mediation, postponing risk of first head office strike

Kakao management and its labour union agreed to extend mediation at the Gyeonggi Provincial Labor Relations Commission after wage talks broke down, temporarily delaying the possibility of the company’s first head office strike. A second mediation session is set for May 27. The dispute centres on the wage increase rate and bonus compensation structure. Four affiliates have secured the right to take industrial action after mediation procedures were suspended.

Crypto

Bitcoin slides below $77,000 as midterm-election-year May selloff pattern eyed

Bitcoin has slipped below $77,000, reviving debate over whether it will repeat sharp May declines seen in past U.S. midterm election years. Some analysts warn the 2018 and 2022 patterns could reappear, with key support levels at $78,000 and $76,000 and downside risks cited as far as $33,000. Others say spot ETF gains, corporate inflows and proposed U.S. legislation have broadened demand and reduced the odds of a similar selloff.

Finance

Samsung Electronics, SK Hynix leveraged ETF launch nears as fee war begins

South Korea’s securities industry is set to list single-stock leveraged and inverse ETFs tracking Samsung Electronics and SK Hynix, triggering a competition among asset managers over fees. Eight managers plan to list 16 products on May 27, including 14 leveraged ETFs and two inverse ETFs, the first such listings in the country. Fee levels vary widely, but the products are geared toward short-term trading, making trading costs and market-making quality key considerations.