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Crypto

Vietnam to fine unlicensed crypto trading up to 2,810,000 won from Sept 1

Vietnam will fine individual investors up to 50 million dong for buying and selling cryptocurrencies on platforms not licensed by the finance ministry from Sept. 1. Fines rise to 100 million dong for trading cryptocurrencies allowed only for foreign investors. Operators running unlicensed crypto services or advertising without approval face penalties of up to 200 million dong. The rules also cover customer identity checks and account data handling, alongside a five-year pilot crypto market launched in September 2025.

Telecommunications & Media

KT offers roaming, Grab promotion for Southeast Asia summer travelers

KT is offering low-cost roaming plans and local partner benefits for travelers to Southeast Asia during the summer vacation season. The company said the promotion runs through Oct. 31 and covers Taiwan, Vietnam, the Philippines, Thailand, Indonesia and Malaysia. The plan costs 25,000 won and includes 3 GB of data and 30 minutes of voice calls for 7 days, with reduced-speed data after use. Eligible customers also receive Grab discount benefits in seven countries.

Industry

US K-beauty sales surge 48 percent in a year as local retailers expand offerings

Korean beauty product sales are rising in the United States, drawing attention from local media. Korea’s Olive Young opened its first U.S. store in late May and recently launched a second in Century City, with more planned. The Pasadena store drew 6,000 visitors on opening weekend and now averages more than 1,600 a day. NielsenIQ data showed U.S. K-beauty sales reached $2.8 billion in early 2026, up about 48 percent year on year.