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Crypto

To expand digital-asset financial products, trading standards and investor protection must come first

A proposal has called for establishing trading standards and investor protection systems to expand financial products and services using digital assets. Speakers at a forum in Seoul discussed development directions and domestic tasks for digital-asset ETFs and on-chain asset management. They said clearer licensing rules, reliable price calculation, custody arrangements and mechanisms for creation and redemption are needed. Participants also raised the kimchi premium and risks in smart-contract vaults.

Finance

Brokerages\' Q2 net profit tops 5.2 trillion won, up 82 percent on stock market boom

South Korean brokerages posted more than 5 trillion won in net profit in the second quarter, helped by a strong stock market and higher trading value. Net profit at 61 brokerages rose 20.0 percent from the previous quarter to 5.19 trillion won, up 82.1 percent from a year earlier. Commission income increased 32.5 percent, led by brokerage fees. Wealth management, investment banking and proprietary trading earnings also improved.

Crypto

North Korea\'s Lazarus suspected of cashing out $30 million in bitcoin, raising U.S. regulatory risks

Wallets assessed to be linked to North Korea\'s Lazarus group are suspected of selling more than $30 million in bitcoin on decentralised derivatives platform Hyperliquid over the past three weeks. The funds were then converted into ether and solana and moved to centralised exchanges including Kraken, LBank and KuCoin. The activity comes as Hyperliquid pursues U.S. market entry, putting sanctions and anti-money laundering issues in focus.