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Finance
KOSPI closes at record high of 7,844
South Korea's KOSPI opened lower on Tuesday but turned higher during the session and ended in the 7,800s, setting a record closing high. The benchmark rose 200.86 points, or 2.63 percent, to 7,844.01. Foreign investors net sold 3.72 trillion won as the dollar-won rate climbed to the 1,490 won range, while individuals and institutions bought. Auto and chip shares led gains.
Finance
Overseas Koreans to digitise financial power of attorney, process directly at banks without international mail
Inconvenience for overseas Koreans who had to send powers of attorney by international mail to handle banking in South Korea is expected to ease. The Overseas Koreans Agency, the Financial Services Commission and the Korea Financial Telecommunications and Clearings Institute signed an MOU with eight financial companies to launch a digital consular-certified financial power of attorney service. The service will transmit certified documents electronically to banks and use a blockchain-based system to verify authenticity.
Finance
KB Liiv Mobile to support kiosks for young small business owners in Busan
KB Kookmin Bank's budget mobile carrier brand KB Liiv Mobile will support the digital transition of young small business owners in the Busan area. The bank said on Tuesday KB Liiv Mobile donated 100 million won to the Korea Commission for Corporate Partnership and will carry out a kiosk support programme for young small business owners in Busan. The programme includes consulting on smart stores and barrier-free kiosks.
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Fintech
Woori Bank expands non-face-to-face changes to public pension payment accounts
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AI & Enterprise
NH NongHyup Financial speeds up buildout of AI control framework, strengthens foundation for responsible AI
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Finance
Ripple secures $200 million debt facility to expand Ripple Prime
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Crypto
Gold near $4,700 flashes warning signs as correction looms
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Industry
K-beauty seen poised to expand in Europe as OnRitual draws interest
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Crypto
U.S. 5 labor groups submit letter opposing CLARITY Act, warning retirement pensions at risk
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Fintech
U.S. payments firm Corpay introduces stablecoin settlement to expand 24/7 payments infrastructure
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Industry
Emart Q1 operating profit 178.3 billion won; Traders posts record quarterly sales
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Crypto
Galaxy Digital says U.S. CLARITY Act could pass with bipartisan support after long delay
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Crypto
XRP chart resembles Amazon in 2009, '202-dollar scenario' highlighted
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Crypto
Bitcoin bullish bets return; retaking $85,000 hinges on ETFs
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Crypto
Bitcoin whale keeps short position despite $13 million loss
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Crypto
Bitcoin has bottomed, four bullish indicators to watch
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AI & Enterprise
DeepSeek V4 Pro nears GPT-5-level performance, rated best Chinese AI model
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Crypto
Bitcoin bear market pattern may shift as ETF inflows hit $59 billion and companies accumulate