YM Lee

Lee Hyoung-il Says Government Will Carefully Decide on Crypto Tax; National Tax Service Notice Due by End-October

The South Korean government is continuing to gather views as it weighs whether to go ahead with taxation of virtual assets, or cryptocurrencies, now scheduled to take effect in January next year. The National Tax Service plans to finalize its tax-rel

BOK’s Shin Says Preemptive Rate Hikes Bought Room to Hold at 3.00%, Watch Growth and Inflation

Shin Hyun-song, governor of the Bank of Korea, said the central bank’s previous two rate increases gave policymakers room to assess additional economic indicators. He also said a decline in the exchange rate can boost the purchasing power of low-inco

Hashed, ShardLab Draw 4,000 Visitors to Collectible Con TCG Show Over Two Days

About 4,000 people visited Collectible Con, a trading card game, or TCG, show hosted by Hashed and its subsidiary ShardLab, over two days. More than 50 sellers took part, offering programs for collectors including card trading, grading and collectibl

FSC Chief Says Solidigm’s U.S. IPO Would Fall Under Dual-Listing Rules, Parent Shareholders Must Be Protected

Financial Services Commission Chairman Kim Byoung-hwan said Solidigm’s potential U.S. listing would also be subject to South Korea’s dual-listing guidelines. That means both parent companies, SK hynix and SK Square, would need to complete shareholder

Art Token to Debut Jikjisa’s ‘Hwangak-i’ Character, Fortune App ‘Myoyong’ at Gimcheon Gimbap Festival

Art Token, an art-content solutions company, will debut the temple character "Hwangak-i" and the fortune app "Myoyong" at the Gimcheon Gimbap Festival in collaboration with Jikjisa Temple. The company will operate a cultural-experience booth featurin

US OCC Sets 2-Business-Day Stablecoin Redemption Rule, Bars Automatic Extensions During Runs

The Office of the Comptroller of the Currency finalized redemption deadlines, reserve-asset requirements and capital rules for stablecoin issuers. The framework bars issuers from automatically extending redemption deadlines even during large-scale re

PHP Security Flaw Temporarily Disrupts Government Sites as Crypto Firms Check Exposure

A security vulnerability in PHP, the programming language used to build websites, has been found to let outside attackers remotely control servers. Governments in several countries temporarily suspended some web services to apply patches and conduct

BOK Holds Benchmark Rate at 3.00%, Pauses After Two Hikes

The Bank of Korea kept its benchmark interest rate unchanged at 3.00%, pausing after back-to-back increases in July and August. Market attention is now turning to whether the central bank will deliver another hike next month. The BOK’s Monetary Polic

UK FCA Seeks Feedback on DeFi Guidance, Crypto Rule Perimeter

The U.K. Financial Conduct Authority is seeking feedback as it moves to clarify anti-money laundering obligations for decentralized finance, or DeFi, operators and define the scope of crypto-asset regulations that apply to them. Cointelegraph reporte

Kospi Falls Back Below 5,700 After One-Day Rebound as Chip Stocks Weaken

The Kospi turned lower in early trading on October 22, slipping below the 5,700 level a day after a sharp rebound. The benchmark came under pressure as net selling by retail and institutional investors offset foreign buying. As of 9:04 a.m., the Kosp

WSJ's Greg Ip Says Fed Can Cool AI Boom, Warns on High-Rate Optimism

Arguments that high returns on artificial intelligence investment can insulate the sector from higher interest rates are drawing pushback. The question is not just whether companies can bear higher borrowing costs, but whether liquidity across financ

Tesla Third-Quarter Operating Profit Falls 56%; Bitcoin Holdings Stay at 11,509

Tesla kept its Bitcoin holdings unchanged even as third-quarter operating profit fell by more than half amid increased investment in AI and robotics. According to earnings materials Tesla released on October 21, third-quarter revenue slipped 0.2% fro

DigitalX Holds Compliance Training to Prevent Reward Mispayments, Review Manual Transaction Controls

DigitalX, Mirae Asset’s digital-asset investment platform, said it held companywide compliance training to prevent incidents in transactions that require manual handling by employees, including reward payments. The company said on October 22 that it

SpaceX Earnings Revive AI Trade as Meta’s Cash Flow Turns Negative

Strong results from SpaceX sparked a rebound in AI-related stocks. But funding pressure from heavy investment remained in focus after Meta posted its first negative free cash flow since going public. On October 21, the Nasdaq Composite rose 1.05%, wh

China's October Crude Imports to Top 10 Million Barrels a Day as Stockpile Use May Ease

China's crude oil imports in October are set to exceed 10 million barrels a day, raising the possibility that the country could halt its recent use of stockpiles as cargoes booked when oil prices were lower begin to arrive. Reuters reported on Octobe

Dunamu Reopens Upbit Lounge, Adding ESG and Brand Experiences to Customer Service Hub

Dunamu has revamped Upbit Lounge, the cryptocurrency exchange’s offline customer service center, into a space combining consultations with exhibitions and interactive experiences. Dunamu, the operator of crypto exchange Upbit, said on October 22 that

American Bankers Association Says OCC GENIUS Act Rule Undercuts Ban on Stablecoin Yield Payments

The American Bankers Association criticized the Office of the Comptroller of the Currency’s final rule implementing the GENIUS Act, saying it undermines the law’s intent to bar stablecoin yield payments. The group argued that by omitting provisions t

KB Securities Says Samsung Electronics, SK Hynix Undervalued, Sees Kospi Rebound by Year-End

Samsung Electronics Co. and SK Hynix Inc. have entered undervalued territory relative to earnings, and the Kospi could rebound in November and December, KB Securities said. The benchmark index appears to have confirmed a W-shaped bottom after forming

Cardano Foundation Urges EU Not to Extend MiCA to DeFi, Staking

The Cardano Foundation has asked the European Union not to expand the scope of the Markets in Crypto-Assets regulation, or MiCA, to cover decentralized finance and staking. It argues regulators should distinguish between direct participation in block

OKXICE TSV, Two Others Seek SEC Exemption for US Tokenized Securities Trading

Three companies, including OKXICE TSV, have notified the US Securities and Exchange Commission that they intend to operate tokenized securities trading platforms under the regulator’s exemptive relief framework. According to the SEC’s website on Oct.

BOK Seen Holding Rates Steady Ahead of Decision, With Focus on November Hike Signal

All six economists surveyed by Yonhap News expect the Bank of Korea to keep its benchmark interest rate unchanged at 3.00%. The view is that policymakers will assess the impact of earlier increases rather than deliver a third straight hike after move

Meta Fined $25 Billion Over Deceptive Privacy Promises, to Appeal

Meta Platforms Inc., the parent of Facebook, was ordered by a US court to pay a $25 billion fine for deceiving users over promises about control of their personal data. Meta said it plans to appeal, challenging the calculation of the penalty. The Ass

Nasdaq Gains 1.05% as SpaceX Turns Profitable, AI Server Sales Outlook Lifts Tech

U.S. stocks rose across the board after SpaceX turned profitable and an AI server maker raised its sales outlook. Buying in semiconductor and server shares helped push the Nasdaq Composite up more than 1%. On Oct. 21, the Nasdaq Composite closed up 2

From Won Stablecoins to Crypto Taxes, November Assembly Session to Test South Korea’s Regulatory Push

Won-denominated stablecoins and preparations for virtual-asset taxation are emerging as major legislative priorities for South Korea’s National Assembly next month. Lawmakers must set the rules for companies to operate and establish the framework for

US Orders Nonessential Staff, Families to Leave Saudi Arabia as Houthi Threat Grows

The U.S. has ordered nonessential government personnel and their family members in Saudi Arabia to leave the country as security concerns mount after a string of attacks by Yemen's Houthi rebels on airports and other critical facilities. Tommy Pigott

Trump Signals $400 Million-Plus Midterm Push to Protect GOP Senate Majority

President Donald Trump said he plans to spend more than $400 million before next month's Nov. 3 midterm elections, ramping up rallies and advertising in battleground states as Republicans fight to hold their Senate majority. Trump wrote on Truth Soci

Tether Backs Bolivia's Peso to Expand USDT Payments Across South America

Tether has invested in Bolivian fintech startup Peso as it moves to expand its stablecoin payments network across South America. Peso operates payment infrastructure that links Tether's USDT to food delivery services and local banking systems. Cointe

South Korea Says Recovery Remains Solid as Exports Surge, but Inflation, Youth Jobs Weigh

South Korea’s government said the domestic economy continues to recover on the back of rising exports and investment. It also flagged inflation pressure from high oil prices and weak youth employment as persistent burdens on households. The Ministry

US Ether ETFs See $69.7 Million in Net Outflows as October Total Nears $955 Million

US Ether exchange-traded funds posted net outflows of $69.7 million, with all of the withdrawals coming from BlackRock's ETHA. Trader T data for Oct. 16 showed ETHA recorded $69.7 million in net outflows. The other products, including Grayscale's ETH

US Spot Bitcoin ETFs See $82.41 Million in Net Outflows, With $71.8 Million Exiting BlackRock's IBIT

US spot Bitcoin exchange-traded funds posted net outflows of $82.41 million. Trader T data for Oct. 16 showed $71.8 million leaving BlackRock's IBIT and $10.61 million exiting Fidelity's FBTC. BlackRock accounted for about 87% of the day's total net