TokenPost topic
South Korea
446 TokenPost stories are tagged South Korea. The newest appear first.
Latest South Korea stories
- SK Hynix Sets Record Quarterly Profit, Plans $75.4 Billion Shareholder Return
Revenue rose 328% from a year earlier, and the company expects memory demand to exceed supply through 2030.
· Business
- South Korea’s KOSPI Gains 6% as Samsung Electronics Rises 9%
SK Hynix shares climbed more than 8%, also outpacing the benchmark.
· Investing
- South Korea’s KOSPI Rises 4% as Samsung and SK Hynix Advance
Samsung Electronics gained 6%, while SK Hynix rose 4% in the same intraday snapshot.
· Investing
- South Korea’s KOSPI Jumps 5% as Samsung Electronics Gains 7%
SK Hynix gained 5.8%, and a KOSPI sidecar mechanism paused program buying.
· Investing
- Synack CEO Says AI Amplifies Attackers as South Korea Reviews 16 Firms
The Financial Services Commission counted about 100,000 pieces of customer data affected across 16 firms. A separate campaign’s reach remains unconfirmed.
· Technology
- SK hynix Has Not Set Additional Shareholder Returns Ahead of Q3 Results
Results are due before 8 p.m. ET Tuesday (00:00 UTC Wednesday). The Korean-English earnings call is scheduled for 8 p.m. ET, or 9 a.m. Wednesday in Seoul.
· Business
- South Korea Weighs Education Tax That Could Cost Upbit Operator 10.2 Billion Won
The tax would apply if exchanges are reclassified as financial companies after passage of the Digital Asset Basic Act. Bithumb’s estimated annual bill is 3.2 billion won.
· Regulation
- Bank of Korea Official Sees Faster Chip Volume Growth in 2027
Lee did not quantify the increase and expects semiconductor prices to keep rising more slowly than in 2026.
· Business
- BitGo Secures South Korean VASP License as First Foreign-Owned Company
Its Asia-Pacific client base tripled after its Singapore license, and its Singapore desk is BitGo Prime’s largest globally.
· Regulation
- South Korea’s Ruling Party Seeks More Views on Crypto Tax Delay
If the tax is not postponed again, a 22% combined tax on annual virtual-asset income is scheduled to begin in January 2027.
· Regulation
- KOSPI Rises More Than 4% as Korea Exchange Starts Sidecar Curb
The curb targeted the South Korean index amid a sharp move across Asian equities.
· Investing
- South Korea Discusses Moving Crypto Tax Start Date to 2029
The levy is scheduled for Jan. 1, 2027, and would cover qualifying income from virtual-asset transfers or lending after a 2.5 million won deduction.
· Regulation
- Nikkei 225 and KOSPI Close Lower as South Korea’s Index Falls More
The Nikkei ended at 62,189.65 after a 0.80% decline. The KOSPI closed at 5,469.59, down 1.45%.
· Investing
- South Korea’s KOSPI Opens 0.65% Lower at 5,514.35
The benchmark fell 35.95 points at the start of its Oct. 26 session.
· Investing
- South Korean Lawmakers Tie Crypto Tax Start to 2029 CARF Data Sharing
The proposal sets the 22% levy for January 2029, two years after the first year of CARF exchanges. The presidential office has not made a final decision.
· Regulation
- Goldman Sachs Cuts 12-Month KOSPI Target by 25% to 9,000
The strategists had raised the target several times this year. They still see more than 60% upside after the index fell more than 35% from its June peak.
· Investing
- South Korea Pushes Planned 22% Crypto Tax Back for Fourth Time
Annual income from virtual-asset transfers and lending would be taxed at a combined 22% after a 2.5 million won exemption.
· Regulation
- South Korean Investors Net-Bought $3.55 Billion of SOXL Through Oct. 22
SOXL made up 73.9% of about $4.8 billion in net U.S. stock purchases. The KOSPI was down 18.83% month to date as of Oct. 25.
· Investing
- South Korea’s Law and Proposed Rules Focus on Crypto Transfer Reporting
The proposed amendments would require providers to report transfer information to the Bank of Korea. Public comment closes Monday, Oct. 26.
· Regulation
- South Korea’s Central Bank Plans Global Framework Against Illegal Crypto Trading
The Bank of Korea is coordinating cross-border oversight with the government as South Korea prepares rules for stablecoin payments.
· Regulation
- Bithumb Expects to Open AXIS Trading in Korean Won Market Oct. 24
Trading was expected to begin at noon in South Korea on Oct. 24, or 11 p.m. ET Oct. 23 (03:00 UTC Oct. 24).
· Business
- BitGo Executives Discuss Custody and South Korea’s Institutional Crypto Readiness
Chen Fang and Chris Park discussed BitGo’s custody services and the potential for Korean institutions to use digital assets more widely.
· Business
- South Korea’s Crypto Tax Debate Reopens as Digital Asset Bill Nears Submission
Two petitions to repeal the tax or delay it by two years each passed 50,000 signatures. The National Tax Service plans to finalize its draft tax notice Friday, Oct. 30.
· Regulation
- South Korea’s FSC Will Study Crypto Exchanges’ Role in STO Market
The review will cover market conditions, investor protection, licensing-system integration and whether exchanges may operate other businesses alongside STO services.
· Regulation
- South Korean Tax Official Says Bithumb Black Costs May Face Deduction Limits
Park Hae-young said the spending appeared to qualify as business promotion expenses. South Korean rules cap deductions in that category.
· Regulation
- Bank of Korea Manual Outlines Monthly Crypto Balance Reporting Rules
The FX1021 form would add asset quantities and Korean won values to monthly filings for users with qualifying cross-border transfers.
· Regulation
- South Korea to Require Monthly Reports on Users Sending Crypto to Overseas Exchanges, Wallets and Similar Destinations.
Providers must report month-end balances and cross-border flow totals, even when a covered user makes no transfer that month.
· Regulation
- JPMorgan Sees Less Room for Concentrated Selling as U.S. Retail Buys Tech Stocks
Technology ETFs recorded their second-largest weekly inflow on record and a single-day record on Oct. 16, while foreign investors returned to South Korean chipmakers.
· Investing
- Bithumb Challenges Six-Month Crypto Transfer Restriction in South Korea
The penalty concerns 45,772 transfers involving 18 unreported providers. Bithumb argues it lacked a legal basis to obtain information identifying the receiving exchange for transfers below 1 million won.
· Regulation
- South Korean Industry Proposes Exchange for Crypto and Tokenized Assets
The proposed venue would cover four asset categories and retain category-specific safeguards. Amendments to two securities laws are scheduled to take effect Feb. 4, 2027.
· Regulation
- South Korea Plans Year-End Foreign Exchange Law Revision for Stablecoin Payments
The Bank of Korea is also working with the government on cross-border oversight and virtual-asset monitoring systems.
· Regulation
- SK Hyper Seeks Funding for $350 Billion First Phase of South Korea Data Center Plan
The company is targeting 15 gigawatts of capacity by 2035 and aims to complete its first external funding round by the end of 2026 or early 2027.
· Business
- LG CNS to Use Chainlink Infrastructure for Korean Digital Asset Work
LG CNS plans to use Chainlink’s cross-chain, data and orchestration tools to expand its platform work and develop solutions for South Korean institutions.
· Business
- KOSPI’s Forward P/E Falls Below 5 for First Time Among $1 Trillion Markets
The index’s forward P/E reached 4.2 among 18 markets valued above $1 trillion at the start of 2026.
· Investing
- SK Hynix Rebound Helps South Korea’s KOSPI Erase 4% Opening Loss
U.S. after-hours shares were up 5.5% at $138.95.
· Investing
- South Korea’s KOSPI Opens Down More Than 3% as Tech Shares Fall
SK Hynix fell more than 2% at the open, while Samsung Electronics dropped nearly 4%.
· Investing
- South Korea’s Crypto Bill Enters Final Talks as Tax Debate Builds
The ruling party leader wants a year-end decision on whether to keep the planned 2027 tax start or strengthen the system first.
· Regulation
- South Korea’s KOSPI Plunges 14.5% Amid Widening Market Stress
The drop was the index’s steepest since October 2008, while CoreWeave’s credit spread reached 1,128 basis points and Strategy faced a November MSCI review.
· Investing
- South Korea’s Crypto Tax Remains Set for 2027 as Delay Bill Waits
At an Oct. 22 audit, officials said consultations on a broader digital-asset bill were nearing completion. A separate bill would move the tax start to 2029 but remains pending.
· Regulation
- Bitcoin Falls 2.7% as Brent Crude Tops $111 and Korean Stocks Slide
South Korea’s KOSPI lost more than 4%, while U.S. stock futures also fell as oil rose.
· Investing