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Finance

Korean financial groups post third-quarter results as stock market outlook hits zero visibility

Korean financial holding firms and banks continued to release third-quarter results, with Woori Bank posting its biggest quarterly net profit on record and Hana Financial Group lifting year-to-date profit on higher fee income. Brokerages faced weakening profitability as trading value fell and market rates rose, adding valuation loss pressure in trading. The Bank of Korea held its policy rate at 3.00 percent, while competition in retirement pensions and expanded support for small firms continued.

AI & Enterprise

Japan financial services firm GMO to pay 5,000 yen to all customers after hack

Japanese companies hit by a series of cyberattacks are moving to compensate affected users, Reuters reported on Oct. 26. Online financial services firm GMO Internet Group will compensate customer losses after its foreign exchange trading service was attacked and will pay 5,000 yen to all customers as an apology. CEO Masatoshi Kumagai said attackers demanded $50 million in crypto and threatened to disclose company and customer data.

Crypto

XRP 10-dollar outlook splits opinion as analyst says enough without broader use

Debate is growing in the XRP community over whether the token can rise to $10 without broader real-world use. XRP influencer Jack Lector said investors focus too much on utility and that speculative buying alone could drive a big rise. Others counter that supply exceeding 60 billion tokens makes such a rally difficult and note XRP has not surged despite partnerships, ETF inflows and other developments. Some also dispute that higher network activity would directly boost XRP demand.