— Kospi, South Korea
KOSPI erases an entire year’s worth of South Korean GDP
AI stocks Samsung and SK Hynix rode Korea’s KOSPI stock market to a record high and now account for 70% of its drawdown.
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Crypto firms are struggling in South Korea
South Korean crypto exchanges Upbit and Bithumb have seen revenues plummet this year amid a wider downturn for crypto firms in the country.
South Korea’s KOSPI has erased more than Bitcoin’s market cap in 29 days
The KOSPI has erased about $1.6T of market value since June 19, more than all the BTC in the world is worth.
— Kospi, South Korea
South Korea’s stock exchange has paused trading 38 times this year
South Korea’s KRX activated its 38th trading pause this year after more downward volatility crashed the price of the KOSPI by 4.46%.
— Crime, South Korea
Stock YouTuber stabbed in South Korea during market crash
A 20-year-old allegedly stabbed a South Korean investment YouTuber on the same day the country's stock market crashed 9%.
SK Hynix wipes out US debut gain in one day of trading
SK Hynix’s new ADR rose 12.7% on its Nasdaq debut Friday. Then Seoul dropped -12.6% on Monday, leaving many US buyers in the red.
Bithumb CEO booked in Korea over job offer bribe allegations
South Korean police have booked Bithumb CEO Lee Jae-won after he allegedly gave a politician's son a job in return for legislative favors.
— Crime, South Korea
Crypto leaked by South Korean tax officials stolen a second time
The person behind the $5M crypto theft confessed to South Korean police and returned the funds — before they were stolen again.
Upbit uncovers private key vulnerability after $30M hack
Authorities suspect that North Korea's Lazarus hacking group is behind the exploit of Upbit's Solana wallet.
Crypto fugitive busted in Seoul after tossing cigarette
Police arrested the 60-year-old crypto scammer after he was stopped for dropping a cigarette and tried to bribe his way out of trouble.