Published 1 minute earlier on South Korea is taking steps to establish its temporary crypto investigative unit as a permanent one to address the increasing incidents of crimes and fraud cases, according to a local report. The nation’s Justice Ministry and the Ministry of the Interior and Safety are set to begin discussions in early
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory (HBM) for use in generative AI chipsets. The world’s second-biggest memory chipmaker
Crypto.com said it’s postponing a planned launch in South Korea after local news outlet Segye Ilbo reported on Monday that the exchange platform was facing an “urgent on-site inspection” over money laundering concerns. The report said that South Korea’s Financial Intelligence Unit (FIU) under the Financial Services Commission had discovered “problems related to anti-money laundering
NETSOL Technologies Inc. ENCINO, Calif., April 09, 2024 (GLOBE NEWSWIRE) — NETSOL Technologies, Inc. (Nasdaq: NTWK), the global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, has announced the go-live of its next-generation platform NFS Ascent for a leading German auto captive finance company and longstanding client to support their operations
The TDR Three Key Takeaways on South Korea and Crypto: The South Korea crypto elections could redefine regulatory frameworks, affecting over 6 million active traders. Both major parties in South Korea recognize the importance of appealing to crypto enthusiasts in the elections. The outcome of the South Korea crypto elections will significantly impact investor protection
South Korean Do Kwon presided over one of the biggest busts ever in the volatile crypto sector. His Terraform Labs Pte created the TerraUSD stablecoin, which was meant to have a constant $1 value via a complex mix of algorithms and trader incentives involving a sister token, Luna. Their combined value soared past $60 billion
An apparent effort at muscling into the e-commerce market of a neighboring country wasn’t very impressive to Alibaba (NYSE: BABA) investors on Thursday. They traded out of the Chinese online retailer’s stock, to the point where its U.S.-listed shares closed the day down by 3.9%. In contrast, the slumping S&P 500 index shed only 0.3%
New Delhi: A majority of World Trade Organization (WTO) members rejected the China-backed group’s proposal on investment facilitation for development, saying it could only be done by consensus, some non-government advocacy groups have said. This vindicates the stand of India and South Africa against any such move that is not on the table at WTO
Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Bloomberg | Bloomberg | Getty
The amount of land owned by Chinese nationals in South Korea has more than tripled since 2016 – the latest in a series of statistics on Chinese nationals’ buying property amid growing concerns over housing prices. Citing data from the Ministry of Land, Infrastructure and Transport on Tuesday, Hong Suk-joon of the ruling People Power