South Korea News

CXMT shares fell 6.5% Monday as the US chip selloff spread to Asia, overshadowing the memory maker's profit turnaround. The post CXMT Shares Fall 6.5% After US Selloff and Despite Profit Turnaround appeared first on BeInCrypto.

The KOSPI rebound of 3.31% recovers just 40% of Thursday's drop as Fed hike fears and AI doubts cloud the outlook. The post KOSPI Rebounds 3%, but Fed Rate Hike Fears Could Cap the Recovery appeared first on BeInCrypto.

Elon Musk expects China to make a lot of RAM in 2028 as a Korean column warns of chip oversupply from 2029. Here is what is at stake. The post Is Korea’s Memory Chip Boom Ending? Elon Musk Points to China appeared first on BeInCrypto.

A new 1997-style nightmare could be forming over South Korea. Household debt, aging demographics, and chip export dependence are quietly pushing the Korean economy toward long-term collapse. Institutional XRP partnerships and growing Bitcoin exposure may offer a potential lifeline, but market experts remain deeply skeptical of their actual power. The Hidden Fragility Threatening South Korea’s…

South Korea's KOSPI opened sharply lower and slid 7% after hot US inflation data and AI doubts, extending a six-day slide. The post KOSPI Opens 7% Down After Hot US CPI and AI Doubts Grow appeared first on BeInCrypto.

Ripple has partnered with Meritz Securities, its first securities firm partner in South Korea. The two will explore bringing Ripple Custody and its tokenization tools into Korea’s capital markets. Korean retail traders, however, have moved toward a different theme. New Chainalysis data shows payment tokens like XRP (XRP) losing ground in Korea’s won market. Ripple’s…

South Korea’s National Tax Service plans to publish crypto tax guidelines in November. The guidance precedes a 22% levy on qualifying gains starting January 1, 2027. Staking, airdrops, and decentralized finance remain the most debated areas. Exchanges still face questions about their reporting systems. What the 22% South Korea’s Crypto Tax Covers Qualifying income is…

South Korea has ordered domestic access blocks on 27 unregistered crypto exchange websites, including KuCoin, MEXC, Phemex, BingX, and BitMart. The Financial Intelligence Unit (FIU) disclosed the order on October 13. The country’s communications review body approved the blocks after reviews on October 6 and 7. Sites hosted abroad face access blocks, while those with…

KOSPI dropped 4.06% as China's CXMT advanced a denser DRAM design, hitting Samsung and SK Hynix, which hold half the index. The post KOSPI Drops 5% as China's CXMT Chip Advance Hits Samsung and SK Hynix appeared first on BeInCrypto.

South Korean won climbed to a two-year high against the dollar on Monday. However, shares of the chipmakers whose dollar sales help support the currency traded in the red. The divergence emerged as Seoul’s markets reopened after a three-day holiday, with both the benchmark KOSPI and the tech-heavy KOSDAQ posting losses. What Greeted Seoul’s Chip…