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Crypto

Bitcoin could reach as high as $1 million by 2030; three key variables may shape price

Bitcoin’s price in 2030 may be influenced more by regulatory changes, the spread of AI-based payments, stablecoin growth and reduced supply after halvings than by another retail-led rally, an outlook said. It added that how deeply bitcoin is integrated into existing financial and technology infrastructure could determine its price range. U.Today outlined three scenarios, ranging from $80,000 to $1 million, depending on institutional adoption, regulation and payment infrastructure.

People & Appointments

Baek Kyung-hoon stresses finance role in developing physical AI, cites virtuous cycle of commercialisation and investment

Deputy Prime Minister and Science Minister Baek Kyung-hoon called for cooperation among regional governments, the central government and the financial sector to foster the physical AI industry. Speaking at a forum hosted by the Korea Development Bank in Seoul, Baek said physical AI must be advanced in industrial settings, not just developed in labs. He said financial backing is needed to create a virtuous cycle linking commercialisation, investment and growth.

Finance

South Korean banks\' delinquency rate rises to 0.63 percent; corporate loan rate at 0.78 percent

South Korean banks’ delinquency rate on won-denominated loans rose in July, reversing the previous month’s decline, as new delinquencies increased and the amount of delinquent loans cleared fell. The rate climbed to 0.63 percent at end-July, up 0.07 percentage point from end-June and 0.06 point higher than a year earlier. Corporate loan delinquencies rose to 0.78 percent, while household loan delinquencies edged up to 0.42 percent.