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Search results for Feb. 10

Finance

Korean market cash reserves fall below 100 trillion won; investor deposits hit six-month low

Investor deposits, often seen as standby cash for South Korean stocks, fell below 100 trillion won as the domestic market’s correction continued. Deposits totaled 97.93 trillion won as of Aug. 11, down 2.79 trillion won from the previous session, the Korea Financial Investment Association said. The level was the lowest in about six months and was down 41.77 trillion won from a record high set on June 4.

Industry

Semiconductor special act enforcement decree passed by cabinet meeting

South Korea has put in place a legal framework to support the semiconductor industry after the Cabinet approved a draft enforcement decree for the Special Act on Strengthening and Supporting Semiconductor Industry Competitiveness, the Ministry of Trade, Industry and Energy said on Monday. The decree details delegated matters under the law, including a special committee, cluster designation procedures, workforce training support and management of a special account. The law and decree take effect on Aug. 11.

Crypto

Trump family boosts holdings in Coinbase, Strategy, expanding crypto bets

U.S. President Donald Trump’s family increased indirect exposure in the first quarter to crypto-linked listed stocks including Coinbase and Strategy, according to financial disclosure documents filed with the U.S. Office of Government Ethics. The filings list thousands of transactions in accounts tied to Trump, Melania Trump and dependent children. Trades focused on Coinbase, MARA Holdings and Strategy. The moves come as debate continues over potential conflicts between Trump’s crypto businesses and policy, including the CLARITY bill.