Topic: #korea
-
Shiba Inu surges 40% on Korean retail buying, volume spikes 1,245%
Shiba Inu jumped nearly 40% to $0.00000582 on Sunday, adding $1 billion to its market cap as 24-hour trading volume spiked 1,245% to $717 million. South Korean retail buying emerged as a significant market driver, with SHIB/KRW accounting for $68.99 million in volume on Upbit.
-
South Korea Raises FX Thresholds to Boost Won's Global Role
South Korea raised thresholds for overseas remittances and foreign borrowing while extending currency services to more firms, aiming to increase the won's use in international trade and finance.
-
Bumo Sarang Reports $33M Loss on Leveraged Ether ETF
Bumo Sarang, a South Korean funeral services company, disclosed an unrealized loss of approximately $33 million on a leveraged Ether ETF position, highlighting risks of amplified crypto-linked products in a market increasingly drawn to speculative trades.