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General News

Lee says 2026 to mark start of \'irreplaceable Korea\' dream, new K initiative era

President Lee Jae-myung (이재명) said 2026 will be the year a bold dream begins for an \"irreplaceable Korea\" that no country can replace. Marking his first year in office, he said South Korea will open a new era of the \"K initiative\" by building on national experience, capabilities and public energy to overcome crises. He outlined four policy goals covering industry-led growth, diplomacy and security, enforcement of rules, and protecting lives through a stronger social safety net.

Crypto

Bitcoin slumps to $65,000; leverage, Strategy sale and ETFs add pressure

Bitcoin slid into the $65,000 range to a new 2026 low, with broad declines across major tokens and bitcoin dominance falling to 57.75 percent. The drop was described as a compound shock led by excessive leverage and heavy spot inflows to exchanges. Strategy sold 32 bitcoins for the first time in four years, denting sentiment. Bitcoin broke below $70,000, triggering $1.5 billion in futures liquidations as spot bitcoin ETFs posted a third straight week of net outflows.

Finance

KB Kookmin Bank, KODIT to support firms hit by Middle East war with 230 billion won inclusive finance

KB Kookmin Bank will support small and medium-sized companies struggling due to the Middle East war and the effects of high oil prices and a weak won. The bank said it signed an agreement with the Korea Technology Finance Corp to provide inclusive financial support to help firms overcome the crisis. KB Kookmin Bank plans a 5 billion won contribution and about 230 billion won in guarantee-backed loans, with preferential guarantee ratios and fee support for eligible companies.