South Korea News

Bitcoin can cost more in South Korea than it does almost anywhere else. For years, traders chased that gap for profit. Now, automated trading is making the race faster, while strict banking rules still decide who can take part. The price difference, known as the Kimchi Premium, was once a popular sign of Korean investors…

Samsung projects a record $80 billion quarterly profit. See what drove it and where analysts expect its stock to go. The post Samsung Projects $80 Billion Quarterly Profit: How Will Its Stock Price React? appeared first on BeInCrypto.

The suspected attacker behind South Korea’s recent bank breaches asked an AI coding tool where breach data sells. CrowdStrike found the request in session logs stored in open directories on attacker-controlled servers. Several South Korean banks have disclosed customer data leaks over the past week. CrowdStrike’s October 7 report says the campaign used a Chinese-built…

Samsung Electronics will publish preliminary Q3 earnings guidance on Thursday. Analysts expect operating profit of 106.1 trillion won ($79.1 billion), which would mark a fourth straight record quarter. Demand for artificial intelligence (AI) infrastructure is still outrunning memory supply. However, memory price gains slowed during the quarter, leaving investors questioning whether chip margins have topped…

South Korean retail traders have carried their AI trade into crypto, Chainalysis data show. AI tokens became the top theme in won trading by June, with Worldcoin (WLD) drawing $7.41 billion in trading volume over the year. The demand has helped South Korea’s crypto economy grow 12.3% to $449.1 billion, even as East Asia’s contracted…

South Korea’s crypto market is getting older, quieter, and smaller, according to a half-yearly survey released on October 1 by the Korea Financial Intelligence Unit (KoFIU) and the Financial Supervisory Service. Users in their 40s are now the largest age group, daily trading volume fell 44%, and the value of crypto on domestic exchanges shrank…

South Korean retail investors purchased $1.6 billion in equities as the KOSPI index dropped 2.70% on Monday, taking the opposite side of massive selloffs by foreign entities and institutions.

China's industrial profits grew by 4.2% in August, marking four straight months of slowing growth and showing that the country missed out on the global artificial intelligence boom benefiting nations like South Korea, Japan, and the United States.