MSCI keeps South Korea in emerging-market index, refrains from upgrade

South Korea’s KOSPI suffered a near-10% drop after regulators warned over leveraged ETF risk tied to major chip stocks. The move matters for crypto because

Chainlink launches Project Pangea with 50+ banks to test T+0 FX settlement using stablecoins and ISO 20022. Chainlink has launched Project Pangea with multinational banking groups across Europe and South Korea. The project brings together more than 50 banks representing over $10 trillion in assets under management. The initiative will test how stablecoins can support […] The post Chainlink Joins 50+ Banks in Project Pangea for T+0 FX Settlement Push Today appeared first on Live Bitcoin News.

The integration of Chainlink in cross-border settlements could revolutionize global trade efficiency, reducing risks and unlocking capital. The post Chainlink joins 47 banks to enable T+0 cross-border settlements between Europe and South Korea appeared first on Crypto Briefing.

KG Inicis and Solana partner to build stablecoin payments, linking a KRW 25T merchant network to onchain commerce in Korea. South Korea’s KG Inicis has signed an MOU with the Solana Foundation. The agreement focuses on stablecoin payments for merchants. KG Inicis is South Korea’s largest payment platform by merchant reach. It processes more than […] The post Solana Stablecoin Push Grows as KG Inicis Brings KRW 25T Network Onchain appeared first on Live Bitcoin News.

Chipmakers led the way down in South Korea, where the main index plunged 10.5 percent. The Nasdaq in the U.S. was down 2.2 percent at Tuesday’s open.

In South Korea, the AI frenzy has sent the value of the country's top chipmakers skyrocketing. Korea's Samsung Electronics and its chief rival SK Hynix have been trading places as the world's most valuable producer of memory chips. Following some strident union organizing at the firms, their workers have become some of the country's highest-paid - with some performance bonuses at Samsung's chip unit set to top 400,000 dollars this year. That has not only made jobs at the companies highly sought-after: it's also made their employees highly sought-after as marriage prospects.

South Korea has seen cryptocurrency-based overseas remittances climb 380% in the past three years, outpacing growth in traditional bank transfers as financial institutions increase their focus on blockchain-powered payment services. According to a SBS Biz report, remittances processed through South…

Bithumb to list Canton (CC) in its KRW market as weak indicators meet fresh protocol updates and wider institutional backing in South Korea.