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KORE News4 articles
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.