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    South Korea eyes Taiwan cooperation to navigate US chip tariffs
    November 24, 2025 Tech
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    Artificial intelligence must be human-centered, AI ethics experts reveal
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  • ChatGPT launches group chats worldwide.

    ChatGPT launches group chats worldwide
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  • Trump sanctions on Putin’s oil officially take effect.

    Trump sanctions on Putin’s oil officially take effect
    November 21, 2025 Economy

  • South Korean internet giant Naver to confirm plans to acquire Upbit’s parent company Dunamu
    November 19, 2025 News
  • South Korea’s fair-trade commission inspects Arm’s Seoul office amid licensing probe.

    South Korea’s fair-trade commission inspects Arm’s Seoul office amid licensing probe
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  • Bitcoin hangs barely above $91,000 as global stocks stay muted ahead of Nvidia earnings.

    Bitcoin plunges below $89,000 as global stocks stay muted ahead of Nvidia earnings
    November 19, 2025 Live Updates
  • South Korea cracks down as investors pile into foreign leveraged ETFs

    South Korea cracks down as investors pile into foreign leveraged ETFs
    November 17, 2025 Economy
  • South Korean exchanges are facing mounting earnings pressure as a sharp market decline has stalled trading volumes. In a statement shared by industry officials on Sunday, the slump marks a stark reversal of fortunes from the third quarter, where soaring crypto prices triggered record profits. According to disclosures filed with the Financial Supervisory Services, Dunamu, operator of Upbit, posted 235.3 billion won ($161.7 million) in operating profits. The figure represents an increase of 180% from a year earlier. The firm’s revenue jumped by 104% to 385.9 billion won, while net income quadrupled to 239 billion won. Bithumb also experienced a surge, seeing its operating profits rise eightfold to 70.1 billion won. Revenue increased by 184% to 196 billion won, while net income hit 105.4 billion won, representing a 34-fold rise. Korean exchanges face earnings pressure According to reports, both Upbit and Bithumb attributed their strong quarter to the rebound in the prices of digital assets and a rise in trading activity. Market sentiment also appeared to improve on signs of United States legislative progress, including the approval of the Guiding and Establishing National Innovation for United States Stablecoins Act, also known as the GENIUS Act. In addition, the sentiment was also lifted by Ethereum’s rally and the growing expectation of a US Federal Reserve interest rate cut. However, momentum has since stalled. Bitcoin slid below $95,000 on Saturday, its lowest level in the past six months and 25% off its October 6 peak of $126,210. The market has now moved to an extreme fear territory, according to market tracker CoinMarketCap. A few of the headwinds escalating things include the persistent trade tensions between the United States and China, fading hopes for the Fed’s rate cut next month, and a $100 million Ethereum hacking incident that is affecting investor confidence. Some traders are presently questioning whether a new crypto winter is beginning, as a result of the drying trading activity. Exchanges remain at the mercy of volatility According to CoinGecko, the combined daily average trading volume on Upbit and Bithumb stood around $1.88 billion from November 1 through Friday, the lowest level so far since the beginning of this year. The figure peaked at $7.8 billion in January, bottomed out at $2.2 billion in June, and has since been hovering between the $3 billion and $4 billion mark. These developments are expected to deliver a significant blow to the operations of domestic cryptocurrency exchanges. Trading fees make up most of their revenue, 98.2% for Dunamu and 98.3% for Bithumb. In response to the shortfall, these exchanges have been rushing to list new digital assets in an effort to keep their investors engaged. In a report from digital analytics platform APYWA, from January 1 to Friday, Korea's top five exchanges, Korbit, Coinone, GOPAX, Upbit, and Bithumb, have all listed about 391 tokens, up 47% from all of 2024. In the report, the platform mentioned that the exchanges accelerated the pace of their listings in the second half of the year. Still, it reports that volumes have remained weak as the market trades sideways. "Without alternative revenue streams, exchanges will remain at the mercy of market volatility," an industry official said. "While the phased approval of corporate participation in the crypto market is seen as a positive signal, long-term sustainability will require regulatory reforms that allow for greater business diversification.” It remains to be seen how these exchanges hope to trigger a shift in trading activities, as they hope that digital assets return to winning ways.

    Korean crypto exchanges face earnings pressure as trading volumes stall
    November 16, 2025 News
  • Samsung to expand AI chip production with new Pyeongtaek line

    Samsung to expand AI chip production with new Pyeongtaek line
    November 16, 2025 Tech
  • Close to 25% of Asian Adults with internet connection might own crypto, report says.

    Close to 25% of Asian Adults with internet connection might own crypto, report says
    November 14, 2025 News
  • Global markets sink as Fed rate‑cut hopes fade and traders remain unsure of what to do.

    Crypto and US stocks drag global markets down as traders remain unsure of what to do
    November 14, 2025 Live Updates
  • South Korea to increase EV subsidies to counter Trump tariffs in 2026.

    South Korea to increase EV subsidies to counter Trump tariffs in 2026
    November 14, 2025 Economy
  • North Korea’s Konni group weaponizes Google’s Find Hub to steal logins

    North Korea’s Konni group weaponizes Google’s Find Hub to steal logins
    November 11, 2025 Tech
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  • Global markets rally as U.S. shutdown truce strengthens and the dollar wobbles.

    Global markets rally as U.S. shutdown truce strengthens and the dollar wobbles
    November 10, 2025 Economy
  • China suspends gallium, germanium export ban, freezes shipping probes along with US.

    China suspends gallium, germanium export ban, freezes shipping probes along with US
    November 10, 2025 Economy
  • South Korea debuts AI ETF to tap surging investor demand

    South Korea debuts AI ETF to tap surging investor demand
    November 10, 2025 News
  • South Korea races to finalize stablecoin rules amid regulator turf battle

    South Korea races to finalize stablecoin rules amid regulator turf battle
    November 10, 2025 News
  • Nvidia CEO Jensen Huang says Blackwell chips off‑limits for China for now.

    Nvidia CEO Jensen Huang says Blackwell chips off‑limits for China for now
    November 7, 2025 Tech
  • South Korea mulls sanctioning North Korea over crypto theft.

    South Korea mulls sanctioning North Korea over crypto theft
    November 7, 2025 News
  • China’s $4B dollar bonds match US Treasury yields for the first time

    China’s $4B dollar bonds match US Treasury yields for the first time
    November 6, 2025 Economy
  • Asian stock markets rise after positive U.S. trading session.

    Asian stock markets rise after positive U.S. trading session
    November 6, 2025 Economy