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KORE News7 articles
Korean Investors' US Stock Holdings Break 300 Trillion Won Milestone
Korean investors' US stock holdings have exceeded 300 trillion won, driven by strategic bets on Intel and inverse ETFs amid semiconductor volatility.
XRP Surges on ETF Inflows and Ripple's Korean Bond Initiative
XRP gained 2.5% to $1.44, buoyed by $17 million in ETF inflows and Ripple's new Korean government bond settlement project. Trading volume exceeded $4 billion.
Ripple's Korean Bond Pilot Boosts XRP, Rakuten Delay Mutes Rally
XRP climbed toward $1.39 following Ripple's new partnership with South Korea's Kyobo Life Insurance for a blockchain bond settlement pilot. The advance was tempered by Rakuten Wallet's postponement of XRP and four other token listings.
Korean Markets Reel After Historic Plunge, Stabilization Fund Deployed
South Korea's benchmark KOSPI index suffered its worst weekly loss in years, plummeting over 11% amid a historic single-day crash. The government has activated a $68 billion stabilization fund to stem the bleeding.
BAT Hit with UK Shareholder Suit Over North Korea Sanctions
British American Tobacco is being sued in London by over 100 shareholders who allege the company did not properly disclose U.S. sanctions violations related to its North Korea operations. The legal action follows BAT's $635.2 million settlement with U.S. authorities in 2023.
Alphabet Gains Amid Regulatory Scrutiny and Korean Map Approval
Alphabet's Class C shares advanced 1.39% to $311.43, outperforming the broader market. The company faces a new antitrust probe in Belgium while receiving a key mapping approval in South Korea.
South Korean Regulators Eye Stricter Crypto Oversight After Bithumb's $40 Billion Error
South Korea's financial watchdog is pushing for tighter cryptocurrency regulations following a major incident at exchange Bithumb, which mistakenly distributed over $40 billion in Bitcoin to users. Authorities are considering enhanced inspections and addressing systemic vulnerabilities.