Search results for Hong Kong
Finance
Korean retail investors pay 10 percent premium for SK Hynix ADR
Korean retail investors sharply increased purchases of U.S. stocks during a domestic market correction, with July net buying at about $4.5 billion, CNBC reported. SK Hynix ADRs drew about $840 million, ranking second in Koreans’ U.S. securities net buying, even though the shares are available at home. Arcadian Asset Management’s Owen Lamont said the ADR traded about 10 percent above the Korean shares and called the buying abnormal.
Crypto
Trump family-backed World Liberty linked to Hong Kong AI platform offering sanctioned Chinese models, supports USD1 payments
World Liberty Financial, a crypto firm backed by U.S. President Donald Trump, has been linked to a Hong Kong AI platform that offers models from Chinese developers the U.S. government flags as security risks, stirring controversy. The platform supports payments in USD1, a dollar-pegged stablecoin issued by World Liberty. Critics say wider USD1 use could boost the firm and benefit the Trump family, while others cite security and data risks.
Crypto
Won stablecoin pilots enter proof stage as industry tie-ups accelerate
Partnerships among banks, fintechs, platforms and blockchain firms around won-denominated stablecoins are accelerating in the second half, with payment and settlement use cases moving into more concrete pilot tests. Companies are running proofs of concept on real-time settlement, on-chain payment flows and links between digital wallets and existing card networks. Cross-border remittances are also emerging as a key testing area. Debate continues over regulation, including issuers, reserve assets and approval requirements.
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Finance
SC First Bank H1 net profit doubles to 424.4 billion won
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Industry
July ICT exports hit record for month at $53.36 billion; semiconductors up 178.8 percent
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Games & Commerce
Playwith Korea unveils \'Seal M2\' brand identity, targets Q4 launch
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Crypto
Singapore, Hong Kong, Japan emerge as test beds for stablecoin payment networks
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Crypto
HashKey starts beta distribution of Hong Kong dollar stablecoin HKDAP
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AI & Enterprise
Alibaba introduces annual paid subscription for QwenWork AI assistant
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Fintech
Mirae Asset Securities Q2 operating profit nearly 2.49 trillion won, up 397.5 percent year on year
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Crypto
Dominance of Kalshi and Polymarket forces two prediction market startups to shut down
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AI & Enterprise
China\'s top AI still dependent on Nvidia as shift to domestic chips slows
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Crypto
China steps up digital yuan expansion, puts steady rollout in next five-year plan
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Industry
China\'s Agibot tops global humanoid robot shipments in first half of 2026
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AI & Enterprise
U.S.-China tech war intensifies ahead of summit, expands to AI, robots and drones
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Telecommunications & Media
SKT Q2 operating profit jumps 67% on AI infrastructure growth
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Industry
China\'s AI Squared Robotics weighs Hong Kong IPO at near $3 billion valuation
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Crypto
HashKey wins JPMorgan approval to open client fund accounts