Crypto

Global digital asset firms flock to South Korea but legislation stalls

Global digital asset companies are increasingly visiting South Korea and signaling interest in entering the market, but delays in the Digital Asset Framework Act are raising concerns. Executives from Circle, Tether and Sui have discussed cooperation and partnerships, while stressing the need for clear legal pathways for foreign stablecoin issuers and broader corporate participation. In parliament, five bills remain pending, and political and policy scheduling issues have repeatedly stalled committee talks.

Games & Commerce

Naver, Kakao shares lag despite solid earnings as AI monetisation delays cut valuation expectations

Brokerages forecast record first-quarter results for Naver and Kakao, but their shares keep falling this year. Analysts say weaker visibility on monetising artificial intelligence is lowering valuation expectations. Securities firms have cut target prices for both companies. For Naver, rising infrastructure and promotion costs and delays to a blockchain-related merger are weighing on sentiment. For Kakao, investors are watching the super-app push and proof of AI agent utility.