Search results for April 15
Finance
ETF market cap tops 500 trillion won for first time as KOSPI rallies above 8,000
South Korea’s exchange-traded fund market capitalisation topped 500 trillion won for the first time as the KOSPI extended gains, including trading above the 8,000 level. The combined market value of 1,132 ETFs listed on domestic markets reached 501.1 trillion won as of May 27, according to the Korea Exchange and others. The milestone comes 24 years after ETFs were first listed in October 2002.
General News
Coupang urges voting in June 3 local elections, seeks days off for 18,000 delivery drivers
Coupang Logistics Services (CLS) said on May 19 it is seeking to arrange days off for more than 18,000 delivery drivers during the June 3 nationwide local elections. It said more than 6,000 drivers a day have applied for leave over three days including early voting on May 29 and 30 and election day on June 3. CLS said it has asked subcontracted delivery firms to adjust schedules to allow at least one day off.
Crypto
Kross Protocol signs MOU with H Lab to expand independent validator ecosystem
Kross Protocol said on May 15 it signed a memorandum of understanding with H Lab, the crypto unit of Neowiz Holdings, to cooperate on network operations. Under the agreement, H Lab will join Kross Protocol as an independent validator node operator. Kross Protocol is preparing a June 1 mainnet 2.0 “Breakpoint” upgrade aimed at shifting to a participation-based network and expanding decentralisation and its global validator ecosystem.
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Crypto
STRC demand may have supported bitcoin as Strategy purchase structure draws attention
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Crypto
Ripple enters top 10 in U.S. private unicorn index, alongside SpaceX and OpenAI
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Games & Commerce
Nexthrus posts 11.6 billion won Q1 revenue, up 76 percent, driven by games, AI and blockchain
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Finance
Look for winners from National Growth Fund as AI, bio and secondary batteries draw interest
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Crypto
Global digital asset firms flock to South Korea but legislation stalls
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AI & Enterprise
South Korea privacy watchdog sanctions 3 firms, including Duo, for failing data security measures
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Crypto
Shiba Inu derivatives bets swell; open interest growth outpaces bitcoin and XRP
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AI & Enterprise
ITCEN Core, Korea Compliance Certification Institute unveil digital compliance integration strategy
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Crypto
Crypto Hot Issue: Crypto regulation stalls as South Korea shows distinct love for altcoins
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Crypto
OKX fuels XRP collaboration rumours as community speculation spreads
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Crypto
Why the U.S. SEC chose rulemaking over enforcement
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Crypto
Solana wavers despite long-term accumulation; $82 seen as key level
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Finance
South Korean stocks enter era of 400 trillion won ETFs and 5,000 trillion won market cap, but Middle East risk remains
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Telecommunications & Media
SKT re-emerges as top stock pick after hacking setback
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Crypto
Ethereum rebounds as ETF inflows and Bitmine buying lift prices, but sustainability remains unclear