Korea Trendy News-en

Bitcoin has shattered the $113,000 barrier to reach new all-time highs, while Korea's stock market continues its upward momentum toward the government's KOSPI 5000 target, creating unprecedented investment enthusiasm. Bitcoin Crowned Year's Best Performing Asset According to Bank of America's latest research report, Bitcoin has emerged as the best-performing asset among global currencies since the beginning of 2025. The cryptocurrency broke through $113,000 at 5:41 PM Eastern Time on cryptocurrency exchanges, marking another milestone in its record-breaking rally. CoinGlass data reveals that approximately 800 billion won ($600 million) worth of short positions were liquidated in the past 24 hours, demonstrating the massive losses suffered by investors who bet against Bitcoin's rise. Cryptocurrency experts attribute Bitcoin's surge to "a combination of continue...

Market Surge Triggers Caution Less than a month after the new administration's inauguration, South Korea's KOSPI index has broken through the 3,100 mark, continuing its remarkable rally. However, this rapid ascent has coincided with widespread warnings about stablecoin risks and signs of market overheating, prompting experts to caution investors about potential corrections ahead. The KOSPI's breakthrough of 3,100 points marks a significant milestone, representing the first time the index has reached such heights in over three years. The surge has been driven largely by optimism surrounding the new government's economic policies and expectations for digital financial innovation, particularly in the cryptocurrency and fintech sectors. Overheating Indicators Emerge The Korea Exchange reports that the number of stocks designated as short-term overheated has tripled compared to the previous month, with 30 stocks now classified as either inv...

Historic Bull Run Continues in Korean Stock Market The Korean stock market continues its remarkable rally, with the KOSPI index setting another record high on July 2nd. The benchmark index has achieved its strongest performance in 26 years, marking a significant milestone in Korean financial market history. Holding company-related stocks led the surge amid growing expectations for commercial law amendments. Unprecedented Growth Since 1999 This year's KOSPI performance represents the most robust growth since 1999, creating optimism across the investment community. Securities firms are projecting that the index could potentially reach 4,000 points before year-end, driven by strong government support for equity market development. The surge reflects investor confidence in President Lee Jae-myung's market-friendly policies and economic reform agenda. The administration's commitment to promoting stocks as an alternative to r...