Crypto

KOSPI plunge prompts focus on possible shift of retail money to bitcoin

South Korea\'s KOSPI fell 8.95 percent in a day, with intraday losses widening to 15 percent, shaking risk appetite across domestic markets. Investors are watching whether money leaving stocks moves into bitcoin and other cryptocurrencies or whether selling spreads across risky assets. Cryptopolitan said the slump exposed a leverage-dependent rally and could spill into crypto. Bitcoin failed to break $64,000 and later traded around $63,000.

AI & Enterprise

NHN Dooray supplies collaboration tool to Ulsan education office

NHN Dooray said on Monday it supplied its all-in-one collaboration tool Dooray to the Ulsan Metropolitan Office of Education. The office has operated Dooray under the name USEUP since July 1. The company said it was the first case of a provincial education office adopting a software-as-a-service-based collaboration tool. The office aims to streamline reporting and cut printed documents to build a paperless education administration environment.