North Korean hacking group Lazarus blamed for $30 million crypto exchange Upbit heist

North Korean hacking group Lazarus blamed for $30 million crypto exchange Upbit heist

South Korean authorities have pinned responsibility for a 44.5 billion won ($30 million) hack on Upbit, the country’s largest cryptocurrency e...

Samsung wins 2 nm chip orders from Chinese crypto miners as it races to close gap with TSMC

Samsung wins 2 nm chip orders from Chinese crypto miners as it races to close gap with TSMC

Samsung Electronics Co., a leading global memory chipmaker, has secured two new clients for its latest 2-nanometer chip manufacturing technology, wi...

POSCO invests $817 million to acquire lithium assets in Australia, Argentina

POSCO invests $817 million to acquire lithium assets in Australia, Argentina

POSCO Holdings Inc., which owns South Korea’s top steelmaker POSCO, said on Wednesday that it is investing 1.2 trillion won ($817 million) to ...

World’s largest crypto exchange Binance officially enters South Korea

World’s largest crypto exchange Binance officially enters South Korea

Binance, the world’s largest cryptocurrency exchange, has completed its long-delayed acquisition of South Korean crypto exchange Gopax, markin...

Korean investors splurge $1.24 bn on US tech, crypto in holiday risk frenzy

Korean investors splurge $1.24 bn on US tech, crypto in holiday risk frenzy

South Korean investors spent their weeklong Chuseok holiday Oct. 3-9 chasing risk rather than rest, splurging $1.24 billion on US tech and crypto as...

Naver set to bring Dunamu under wing in stablecoin drive

Naver set to bring Dunamu under wing in stablecoin drive

Naver Corp., South Korea’s platform powerhouse, is seeking to fold Dunamu Inc., operator of the world’s fourth-largest crypto exchange U...

S.Korean construction gear digs deeper into global gold rush

S.Korean construction gear digs deeper into global gold rush

In Ethiopia’s Kurmuk gold field, some 750 kilometers northwest of the capital Addis Ababa, workers are busy preparing to unearth 2.7 million t...

Eric Trump hails South Korea as Asia’s crypto market leader

Eric Trump hails South Korea as Asia’s crypto market leader

Eric Trump, the second son of US President Donald Trump, on Tuesday hailed South Korea as the frontrunner in Asia’s cryptocurrency market and ...

Over 10,000 Koreans hold more than 1 billion won in crypto assets

Over 10,000 Koreans hold more than 1 billion won in crypto assets

More than 10,000 South Koreans each hold cryptocurrencies worth over 1 billion won ($740,000), with their combined assets totaling 24 trillion won (...

World Vision becomes 1st Korean corporate entity to trade crypto

World Vision becomes 1st Korean corporate entity to trade crypto

Non-government organization World Vision Korea has sold its Ethereum holdings, becoming the first Korean legal entity to trade crypto after the Sout...

Ramen, ready-to-eat meals lead 10% rise in 2024 K-food exports

Ramen, ready-to-eat meals lead 10% rise in 2024 K-food exports

South Korea’s food exports climbed 10% on-year to $7.26 billion in 2024, led by ramen, ready-to-eat meals and seasoned seaweed, according to g...

S.Korea's crypto market doubles to $77.5 bn with 20% of population trading

S.Korea's crypto market doubles to $77.5 bn with 20% of population trading

South Korea’s cryptocurrency market surged to nearly 108 trillion won ($77.5 billion) in the second half of last year, fueled by growing retai...

RedotPay lands in Seoul with crypto cards

RedotPay lands in Seoul with crypto cards

RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...

Dunamu slapped with 3-month business suspension order

Dunamu slapped with 3-month business suspension order

Dunamu Inc., the operator of South Korea’s largest cryptocurrency exchange Upbit, has been hit with a three-month partial business suspension ...

S.Korea to allow listed firms to trade cryptocurrencies in second half

S.Korea to allow listed firms to trade cryptocurrencies in second half

South Korea plans to allow companies listed on the local stock market to trade virtual assets, including cryptocurrencies, on a pilot basis in the s...

Korean investors abandon savings, stocks for cryptocurrencies

Korean investors abandon savings, stocks for cryptocurrencies

Money is rapidly shifting to cryptocurrency markets in South Korea as lower interest rates and lackluster stock prices reduce the investment appeal ...

LX International seeks to acquire nickel, copper mines in Indonesia

LX International seeks to acquire nickel, copper mines in Indonesia

LX International Corp., the trading unit of South Korea’s LX Group, said on Friday it is seeking to acquire a nickel mine and a copper mine in...

Korea Zinc to export antimony to US

Korea Zinc to export antimony to US

South Korea’s largest zinc smelter, Korea Zinc Inc., plans to export antimony to the US. This rare metal is a flame retardant for batteries ...

Korea seeks to ease fintech ownership, crypto regulations

Korea seeks to ease fintech ownership, crypto regulations

South Korea’s top financial regulator has proposed loosening restrictions on financial holding companies’ ownership of fintech platforms...

Koreans flock to cryptos amid Trump-fueled crypto craze

Koreans flock to cryptos amid Trump-fueled crypto craze

The number of South Koreans investing in cryptocurrencies recently broke past 15 million — about 30% of the country’s population —...

Korea’s crypto exchanges ride bitcoin rally on Trump optimism

Korea’s crypto exchanges ride bitcoin rally on Trump optimism

South Korea’s crypto exchanges are enjoying a global boom in virtual currencies, including bitcoin, as US President-elect Donald Trump is expe...

Daewoo E&C wins Turkmen mineral fertilizer plant project

Daewoo E&C wins Turkmen mineral fertilizer plant project

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Monday that it was selected as the winning bidder for a Mineral Fer...

SK Enmove, SQM ink supply deal for refrigerant material iodine

SK Enmove, SQM ink supply deal for refrigerant material iodine

SK Enmove Co. a lubricant-producing arm of SK Innovation Co., said on Thursday that it has signed a preliminary agreement to buy iodine from Socieda...

Young Korean investors choose monthly dividend ETFs over crypto

Young Korean investors choose monthly dividend ETFs over crypto

For decades, investments in financial products that promise decent dividend payouts such as high-dividend stocks have been associated with elderly i...

LX Pantos to enter Indonesian resource logistics market

LX Pantos to enter Indonesian resource logistics market

South Korea's LX Pantos said on Thursday that it signed a joint venture (JV) agreement with KSA, Indonesia's largest bulk carrier, to tap into the S...

Upbit’s staking deposits exceed $2.2 bn

Upbit’s staking deposits exceed $2.2 bn

The staking deposits of Upbit, South Korea's leading crypto exchange, surged past 3 trillion won ($2.2 billion) by the end of April, according to ...

POSCO Future M publishes responsible minerals report

POSCO Future M publishes responsible minerals report

South Korea's POSCO Future M Co. announced on Tuesday that it released a responsible minerals report detailing establishing a sustainable supply cha...

Biden exempts graphite from EV mineral sourcing rule in win for Korea

Biden exempts graphite from EV mineral sourcing rule in win for Korea

WASHINGTON, D.C. – The US government has given automakers additional flexibility on battery mineral requirements, allowing electric vehicles w...

Korea’s Orion to ship bottled water to China to challenge Evian

Korea’s Orion to ship bottled water to China to challenge Evian

Orion Holdings Corp., the holding company of South Korea’s confectionary and snack maker Orion Corp., is set to export bottled water to China,...

Korean mining company to file around $747 mn claim against Panama

Korean mining company to file around $747 mn claim against Panama

A state-run company in South Korea is set to seek an investor-state dispute settlement (ISDS) worth around 1 trillion won ($747.1 million) against t...

Seoul to rewrite Kosdaq with tax breaks, listing reforms Carlyle buys KFC Korea for $135 mn, deepening its presence in KFC's Asian operations Seoul to back AI computing, solid state batteries first with National Growth Fund BOK decides to waive FX levy at emergency monetary meeting to boost dollar liquidity Krafton, Naver and Mirae Asset to launch up to $740 million Asia tech fund in India push