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Crypto
Plume wins Bermuda regulator licence to run institutional digital asset investment products
Plume Network’s unit Kimber Digital Asset Bermuda has obtained a Class M digital asset business licence from the Bermuda Monetary Authority, it said. The Class M licence is granted with conditions tailored to a specific model, scale and risk for a limited period and scope. The approval allows the unit to design investment policies, manage assets, and issue and distribute equity tokens under BMA supervision.
Finance
KOSPI enters pause as financial sector faces pressure for inclusive finance
South Korea’s stock market has surged on an AI semiconductor rally, pushing the KOSPI above 8,000 for the first time and lifting market value to sixth in the world, ahead of Taiwan. Brokerages posted strong first-quarter results as trading rose. Caution is also growing over volatility after the sharp run-up. Separately, “inclusive finance” has emerged as a key issue as banks and financial groups face pressure to expand support for vulnerable borrowers and strengthen public responsibility.
Industry
Memory big two poised for Q1 earnings surprise, step up business overhaul
Samsung Electronics and SK Hynix are expected to post first-quarter results above market expectations, as rising DRAM and NAND prices lift profits. Brokerages estimate Samsung’s operating profit at 41.3 trillion to 45.3 trillion won, and SK Hynix’s at 36.9 trillion to 39.4 trillion won. Samsung is linking foundry and HBM4 advances, while SK Hynix is preparing a U.S. ADR listing and discussing long-term supply contracts.
