South Korea to introduce 24-hour dollar-won trading from July 6

Samsung's strike avoidance stabilizes chip supply, boosting AI infrastructure growth and positively impacting both tech equities and AI-related crypto tokens. The post South Korea’s KOSPI surges 8% as Samsung averts major chip factory strike appeared first on Crypto Briefing.

Tether’s latest move in South Korea goes beyond protecting a product name. The company behind the world’s largest stablecoin filed seven trademark applications with the Korea Intellectual Property Rights Information Service on May 19, covering not just its tokens but its company name, official logo, and gold-backed asset Tether Gold, known as XAUT. Related Reading: […]

Japan’s key financial authority has expanded its framework to officially treat foreign trust‑issued stablecoins as electronic payment instruments instead of securities under domestic law. Related Reading: South Korea’s KB Financial Completes Stablecoin Pilot As Lawmakers Press For Regulatory Framework Foreign Stablecoins Recognized As Payment Instruments On Tuesday, Japan’s Financial Services Agency (FSA) announced amendments to […]

South Korea funeral firm Bumo Sarang has a $33M paper loss on leveraged Ethereum ETF BMNU as prepaid fund oversight draws scrutiny in Korea.

Nearly 48,000 workers are threatening an 18-day walkout amid fears of global memory chip shortages South Korean memory chip maker Samsung Electronics is facing its worst-ever strike, with nearly 48,000 workers threatening to walk off production lines on Thursday for 18 days over a dispute about bonus payouts. Here are key things to know: Continue reading...

A California court ruled on Monday that Elon Musk has waited too long to file a lawsuit against OpenAI's leadership accusing them of misleading the public about their plans to transform the once charity into a for-profit entity. Also in the business news this Tuesday, Standard Chartered cuts thousands of jobs as it accelerates adoption of AI and fires its CEO in South Korea over an insensitive promotional campaign.

South Korea’s KB Financial has completed a Proof-of-Concept (PoC) for won-denominated stablecoin as lawmakers and experts push to advance the country’s digital asset framework. Related Reading: Hacker Drains $11.58 Million From Verus-Ethereum Bridge KB Stablecoin Pilot Cuts Fees, Speeds Transfers On Sunday, KB Financial Group, the parent company of South Korea’s largest bank, announced that […]

SBI Group is reportedly planning to list a combined Bitcoin and XRP exchange-traded fund on the Tokyo Stock Exchange, with a target of $32 billion in assets under management within three years of launch. Japan’s Financial Services Agency is already reviewing crypto assets more seriously as financial instruments, according to reports. The development signals a […]