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South Korea
446 TokenPost stories are tagged South Korea. The newest appear first.
Latest South Korea stories
- Amkor Breaks Ground on Gwangju Chip Expansion, Lifts Plan to 3 Trillion Won
The South Korean project is expected to add about 2,000 jobs. Amkor aims to complete its first two new buildings in the second half of 2027.
· Technology
- Upbit to List CT in Won, BTC and USDT Markets on Oct. 19
Trading is scheduled to begin at 5 a.m. ET (09:00 UTC) Monday, Oct. 19.
· Business
- Upbit to Add Concrete Trading Pairs Against Won, Bitcoin and USDT
The planned markets would pair CT with the South Korean won, Bitcoin and Tether on the major Korean exchange.
· Business
- Asian Chip Index Falls More Than 2% to Its Lowest Level Since July
Investors weighed U.S. AI infrastructure funding concerns and questions about memory demand after DeepSeek described its weekend model update as faster and less resource-intensive.
· Investing
- South Korea Pension Fund’s 5%-Plus Stakes Lose $137 Billion in Value
The portfolio’s first quarterly decline since Q4 2024 followed record-high returns in the first half of the year.
· Investing
- South Korea Regulators Near New Crypto Oversight Framework
The next phase of a proposed law would reinforce supervision as lawmakers cite divided authority and suspected exchange violations.
· Regulation
- South Korean Regulators Say Solidigm U.S. Listing May Breach Rules
Lee Chan-jin said regulators are studying whether a Solidigm IPO would require review under South Korean law.
· Regulation
- South Korea Warns Offshore Perpetual Futures Can Wipe Out Investments
Leverage can reach 200 times; at 150 times, an adverse move of about 0.66% in a Korean stock-index contract could trigger full liquidation.
· Regulation
- South Korea’s FSS Plans Probes Into Unfair Trading Tied to Crypto Issuer Foundations
The plan calls for continued upgrades to AI-based real-time monitoring and investigative capabilities, plus changes to abnormal-trading monitoring, disclosure procedures and termination criteria.
· Regulation
- Upbit’s 24-Hour Trading Turnover Reaches 716.397 Billion Won
XRP ranked first at 68.168 billion won. The total includes markets quoted in Korean won, Bitcoin (BTC) and Tether (USDT), with turnover converted to won.
· Investing
- Japan’s Nikkei and South Korea’s KOSPI Trade Lower in Asia
Losses deepened in Japan, while South Korea’s benchmark pared a steeper early decline.
· Investing
- South Korea’s KOSPI Falls 3.17% Intraday as Chip Shares Slide
The index slipped below 5,600, while SK hynix fell 4% and Samsung declined 3%.
· Investing
- Samsung Electronics and SK Hynix Weekend Quotes Fall 3.7%, 4.9%
Weekend contract prices put the Korean stocks below Friday’s closes, while six of eight U.S. names tracked were lower than Friday’s postmarket levels.
· Investing
- South Korean Exchanges to Seek Fourth Delay of 22% Crypto Tax
The tax is scheduled to begin in January 2027. A ruling-party proposal would move the start to 2029, but another delay has not been decided.
· Regulation
- South Korea to Meet Five Exchanges on Crypto Tax Ahead of 2027 Start
The Oct. 20 meeting will address a planned 22% combined tax on qualifying annual taxable income from crypto transfers and lending, after a 2.5 million won basic deduction.
· Regulation
- South Korea Minister Expects Chip Boom to Last Through 2027
Lee Hyoung-Il said semiconductor demand remains ahead of supply as producers expand capacity. The chip boom is also lifting South Korea’s tax revenue outlook for 2026.
· Business
- South Korea’s KOSPI Triggers 20-Minute Halt as Losses Top 8%
The index closed at 5,554.22 on Oct. 15 as Japanese and Taiwanese shares also fell sharply.
· Investing
- Asian Stocks Slide Amid AI Financing Concerns, With Losses Varying by Market
South Korea’s KOSPI fell 7.57% on Oct. 15, while Hong Kong’s Hang Seng Index lost 1.03%. South Korea’s two main indexes halted trading after sequential circuit breakers.
· Investing
- Upbit to End ICX/KRW Trading Oct. 19, With Withdrawals Through Nov. 18
The South Korean exchange will cancel unfilled orders when trading stops. Upbit said the basis for an investment warning remained unresolved.
· Business
- South Korea Turns to Coal, Nuclear Power to Curb Winter LNG Use
Missile damage at Qatar’s Ras Laffan facilities affected South Korea’s LNG supply. A Sept. 2 benchmark assessment reached its highest level since Dec. 30, 2022.
· Regulation
- XRP Leads Bitcoin and Ether in Upbit’s Early Oct. 16 Snapshot
At 12:36 a.m. ET (04:36 UTC) Oct. 16, XRP/KRW recorded $108.3 million in rolling 24-hour value, ahead of Bitcoin at $95.3 million and Ether at $62.7 million.
· Investing
- South Korea, U.S. Officials Hold Talks on Economic Conditions and Financial Ties
South Korea’s finance minister and central bank governor met with Federal Reserve and U.S. Treasury officials on Oct. 16.
· Regulation
- South Korea's Upbit Will Delist Zilliqa (ZIL) on Nov. 16
The removal follows Upbit’s August extension of ZIL’s trading warning period.
· Business
- South Korea’s KOSPI Falls 14.5% in Worst Week Since 2008
The index rebounded 2.05% on Friday to 5,668.04, leaving it down 14.5% for the week.
· Investing
- South Korea Warns Offshore Perpetuals May Lack Domestic Legal Protections
Some products offer leverage of 10 to 200 times, and traders may have difficulty pursuing remedies if a platform fails or suspends trading.
· Regulation
- Meritz Securities and Canton Foundation to Study Tokenization of Korean Assets
The MoU covers domestic financial assets and Canton Network infrastructure, plus cross-border tokenization of sovereign-grade debt and possible collateral uses for tokenized high-quality liquid assets.
· Business
- South Korea’s KOSPI Extends Losing Streak With 7.57% Drop
The index fell for a seventh straight session as both main stock markets triggered circuit breakers. President Lee Jae-myung’s recent post addressed suicide prevention, not the selloff.
· Investing
- South Korean Court Acquits Jonber Kim in $230 Million Crypto Case.
The court found prosecutors had not shown that project promotions led investors to buy tokens. Two other defendants received suspended prison terms over Coinone’s listing review.
· Regulation
- South Korean Court Acquits Jonbur Kim in $253 Million Crypto Case
The case centered mainly on Podo Coin and Artube. The court said prosecutors lacked enough evidence to establish the alleged crimes.
· Regulation
- Bitcoin Stays Above $80,000 as Kospi's 8% Slide Halts Trading
Bitcoin traded near $81,200 in early U.S. hours, while 94 of 100 tracked crypto assets declined.
· Investing
- Coin Korea: BNB trading share is 22.1 times higher overseas as domestic interest stays muted
BNB’s overseas trading share was 22.1 times its domestic share. SHIB led the attention index, while STX showed the strongest domestic concentration relative to global activity.
· Investing
- South Korea’s KOSPI Falls 7.57% as Financial Regulator Reviews Risks
A separate cybersecurity review found breaches at 16 financial firms and about 100,000 exposed pieces of customer data.
· Investing
- Bitcoin Hits $80,154 as South Korea’s KOSPI Posts Lowest Close Since April
The KOSPI fell 7.5% Thursday, with chipmakers SK Hynix and Samsung Electronics among the hardest-hit stocks.
· Investing
- South Korea Halts KOSPI and KOSDAQ Together for First Time Since July
The FSC said it was ready to activate contingency plans after the KOSPI closed down 7.57%; SK Hynix fell 11.06% and Samsung Electronics lost 9.48%.
· Investing
- Upbit Trading Volume Jumps 78.3% to $1.21 Billion in 24 Hours
XRP/KRW led Upbit’s Korean won market with 11.1% of volume as South Korean stocks fell sharply on Oct. 15.
· Investing
- Japan’s Nikkei and South Korea’s KOSPI Close With Steep Losses
The Nikkei fell 4.90% to 64,425.95 points, while the KOSPI dropped 7.56% to 5,554.27.
· Investing
- South Korea Confirms Breaches at 16 Financial Institutions
About 100,000 personal-information records were leaked. Affected institutions include Streami, operator of crypto exchange GOPAX, and virtual asset service provider Prabang.
· Technology
- South Korea’s KOSPI Drops 7.56% as Japan’s Nikkei Falls 4.9%
The KOSPI fell more than 9% intraday and South Korea’s market triggered its 10th circuit breaker this year before losses narrowed.
· Investing
- South Korean Stocks Drop 7.56% as Regulator Calls Emergency Meeting
The KOSPI fell more than 9% intraday and triggered South Korea’s circuit breaker for the 10th time this year. Japan’s Nikkei 225 lost 4.90%.
· Investing
- South Korean Regulators Plan Emergency Meeting After Market Selloff
The KOSPI fell 9% intraday, while a circuit breaker halted KOSDAQ trading for 20 minutes.
· Regulation