South Korea funeral firm loses $33M on Ethereum ETF

Japan’s key financial authority has expanded its framework to officially treat foreign trust‑issued stablecoins as electronic payment instruments instead of securities under domestic law. Related Reading: South Korea’s KB Financial Completes Stablecoin Pilot As Lawmakers Press For Regulatory Framework Foreign Stablecoins Recognized As Payment Instruments On Tuesday, Japan’s Financial Services Agency (FSA) announced amendments to […]

Nearly 48,000 workers are threatening an 18-day walkout amid fears of global memory chip shortages South Korean memory chip maker Samsung Electronics is facing its worst-ever strike, with nearly 48,000 workers threatening to walk off production lines on Thursday for 18 days over a dispute about bonus payouts. Here are key things to know: Continue reading...

A California court ruled on Monday that Elon Musk has waited too long to file a lawsuit against OpenAI's leadership accusing them of misleading the public about their plans to transform the once charity into a for-profit entity. Also in the business news this Tuesday, Standard Chartered cuts thousands of jobs as it accelerates adoption of AI and fires its CEO in South Korea over an insensitive promotional campaign.

South Korea’s KB Financial has completed a Proof-of-Concept (PoC) for won-denominated stablecoin as lawmakers and experts push to advance the country’s digital asset framework. Related Reading: Hacker Drains $11.58 Million From Verus-Ethereum Bridge KB Stablecoin Pilot Cuts Fees, Speeds Transfers On Sunday, KB Financial Group, the parent company of South Korea’s largest bank, announced that […]

SBI Group is reportedly planning to list a combined Bitcoin and XRP exchange-traded fund on the Tokyo Stock Exchange, with a target of $32 billion in assets under management within three years of launch. Japan’s Financial Services Agency is already reviewing crypto assets more seriously as financial instruments, according to reports. The development signals a […]

KB Financial completed a won stablecoin pilot for offline QR payments and Vietnam remittances, cutting fees 87% as Korea crypto rules wait.

The parent company of South Korea’s largest bank completed a stablecoin payment pilot ahead of the country's proposed digital asset framework.

A lens the size of a thumbnail — and the South Korean startup that makes it could become the optical backbone of the AI glasses era.