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Gov't uncovers $420.13 mil. in hidden income in stock market probe, refers dozens to prosecution
4+ hour, 46+ min ago (293+ words) An official from the National Tax Service briefs reporters on the results of a tax investigation into unfair stock market practices at the government complex in the central administrative city of Sejong, Thursday. Yonhap The national tax agency said Thursday…...
Predicting the prediction market
8+ hour, 10+ min ago (12+ words) Predicting the prediction market Predicting the prediction market Predicting the prediction market...
Won stablecoin push heightens turf war in payments industry
1+ day, 4+ hour ago (473+ words) Players in the payments sector are facing intensifying competition to secure a dominant position in the evolving stablecoin market as the government and the ruling party accelerate efforts to institutionalize a won-denominated stablecoin, industry officials said Wednesday. Card issuers are…...
Short-selling transactions up by over $338 mil. amid Middle East tensions
1+ day, 4+ hour ago (243+ words) The benchmark Korea Composite Stock Price Index (KOSPI) is shown on the screen inside the dealing room at Hana Bank in central Seoul, Wednesday. Yonhap The value of stock short selling grew by more than 500 billion won ($338 million) on the…...
Cashless payments
2+ day, 3+ hour ago (601+ words) A few days ago, I happened to get on a city bus without a transportation card. At first, I assumed I could simply pay the fare with my cash. But to my surprise, it was what is called a "cashless…...
Hana, Dunamu test blockchain FX remittance as alternative to global messaging system
6+ day, 2+ hour ago (246+ words) Hana Financial Group has completed a proof-of-concept project for a blockchain-based cross-border remittance service in partnership with Dunamu, the operator of Korea's largest cryptocurrency exchange, Upbit, the companies said Friday. The pilot replaced the conventional Society for Worldwide Interbank Financial…...
From Seoul to Beijing: Understanding why East Asia's cautious crypto policy won't change
1+ week, 6+ hour ago (757+ words) A woman speaks with a worker at a cryptocurrency exchange in Hong Kong, April 2024. AFP-Yonhap During the 1920s, the U.S. had a dream: that one day, anyone could become rich through investment in the stock market, and no one believed in that…...
AI agents will bring crypto to masses, says Animoca's Yat Siu
1+ week, 7+ hour ago (595+ words) Yat Siu, executive chairman and co-founder of Animoca Brands / Courtesy of Yat Siu HONG KONG " Technology optimists predict that, sooner or later, people will rely on multiple artificial intelligence (AI) agents to manage their schedules, book restaurants, purchase essential items…...
Experts warn crypto ownership cap may hurt competitiveness
1+ week, 1+ day ago (546+ words) Bitcoin prices are displayed on a screen at the Bithumb Lounge in Seocho District, Seoul, Tuesday. Newsis Academic and legal circles, along with the virtual asset industry, are increasingly scrutinizing the government's plan to cap major shareholder stakes in crypto…...
Daiso to join BOK-led project to test central bank digital currency
1+ week, 2+ day ago (392+ words) Foreign tourists browse affordable goods at a Daiso store in Seoul, April 15, 2025. A popular destination for both Koreans and international visitors, Daiso will join this year's central bank digital currency project. Yonhap Daiso, a popular Korean discount retailer, will join…...
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