General News

Coupang to donate up to 180,000 clothing items by end of month through customer matching campaign

Coupang will run a matching campaign through the end of this month, donating clothing to vulnerable groups in line with the number of fashion items customers buy. The company plans to provide up to 180,000 items, including shoes, bags, children’s clothing and general apparel, to Good Neighbors. All donated items are new, with more than 50,000 children’s items included. Donations will be delivered to disadvantaged children and vulnerable groups at home and abroad.

Crypto

South Korea crypto trading value and holdings plunge; stablecoin demand rises

South Korea's crypto market has weakened, pushing investors' holdings and trading value down to about half of peak levels, while demand for dollar-based stablecoins continues to rise. Crypto holdings totalled 60.6 trillion won as of end-February, after peaking at 121.8 trillion won in January last year. Average daily trading value fell to about 4.5 trillion won and won deposits also declined. Stablecoin holdings stayed relatively large at 607.1 billion won.