Search results for July
AI & Enterprise
Race to foster AI data centres; industry calls for deregulation and tax credits
Industry figures called for developing AI data centres as \"AI factories\" that produce computing resources, citing job creation and regional balanced development. At a forum hosted by the Korea Telecommunications Operators Association in Seoul, an SK Telecom executive urged attracting big tech AI computing demand and building domestic production hubs, while calling for deregulation and tax credits. Speakers also outlined planned sub-regulations for a special AI data centre law, including power-capacity criteria, streamlined permits and special zones outside the capital region.
Finance
KOSPI surges more than 4 percent; buy sidecar triggered for first time in two months
South Korea\'s benchmark KOSPI surged more than 4 percent on Wednesday on combined buying by foreign investors and institutions, triggering a buy-side sidecar for the first time in about two months. Samsung Electronics and SK Hynix rose more than 7 percent each, leading the rebound. Foreign investors and institutions were net buyers, while retail investors were net sellers. The Kosdaq was also higher.
Crypto
UMB discloses holdings in Franklin XRP ETF as financial firms add XRP spot ETFs
U.S. asset manager UMB Private Wealth disclosed holdings in the Franklin XRP ETF (XRPZ) in a U.S. Securities and Exchange Commission third-quarter filing. It held XRPZ worth $100,316 as of Sept. 30, although the filing does not show whether the position was proprietary or client assets. The ETF, listed by Franklin Templeton in 2025, holds XRP directly. Other institutions, including Advisornet Financial, Morgan Stanley and Goldman Sachs, also reported holdings.
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AI & Enterprise
US removes DeepSeek from government systems; China says it will not stand idly by
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Crypto
Ripple CLO calls for supplements, not brakes, on U.S. stablecoin rules, says self-custody right must be protected
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Games & Commerce
Netflix confident despite drop in viewing time, hints at price hikes and more ads
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AI & Enterprise
AI data centre grid code to be introduced this year; Cho Kyung-tae says exemptions needed for existing projects
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Crypto
32 million dollars\' worth of stolen Ethereum moves, raising alarm over tracking Drift hack funds
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Crypto
Billionaire Kevin O\'Leary says stablecoins are safest cryptocurrency
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Crypto
Bitcoin wallet dormant for more than 10 years moves, 55.1 billion won sent to Coinbase
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Telecommunications & Media
YouTube and TikTok emerge as rivals, adding to Netflix\'s new growth dilemma
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AI & Enterprise
Meta Muse tops 10 million U.S. downloads in 40 days, first since Threads
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Telecommunications & Media
Shinsegae joins CJ, Dowkium consortium to buy JoongAng Ilbo
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Telecommunications & Media
Broadcast media watchdog requests corrections for 625 cases of malicious hate, discrimination on social media
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Crypto
Cardano long downtrend near end, analyst sees $3.25 in 2027
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Crypto
XRP slumps 60 percent even after SEC lawsuit ends, pro-Ripple figures split on why
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Finance
Toss launches service to prevent minors from sending gambling funds, identifies about 400 risk accounts
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AI & Enterprise
U.S. orders DeepSeek removed from federal IT systems as China AI curbs expand