Crypto-crazy investors make South Korea the best-performing market in Asia

Crypto-crazy investors make South Korea the best-performing market in Asia

New president’s pledge to allow won-based stablecoins has led to huge gains in related shares this month

South Korea pauses CBDC tests as stablecoin fever hits banks

The South Korean government’s crypto promises have reportedly derailed the Bank of Korea’s CBDC, as banks partaking in the trials instead want to pursue stablecoins.

South Korean Equities Surge as Crypto-Backed Won Pledge Ignites Retail Investor Frenzy

South Korean Stocks Rally on Crypto Policy Hopes South Korea’s stock market is on a tear this year, and it looks like cryptocurrency might be fueling part of the surge. The Kospi Composite index has climbed almost 30% since January, outpacing most other markets in Asia. A big part of that momentum seems tied to President Lee Jae-myung’s recent comments about allowing won-backed digital currencies—something that’s got retail investors piling into…

Crypto Wave Lifts South Korea’s Markets to Asia’s Top Performer Status

South Korean Stocks Surge as President Endorses Won-Backed Crypto, Igniting Retail Frenzy Retail investors pile into digital asset-linked… The post Crypto Wave Lifts South Korea’s Markets to Asia’s Top Performer Status appeared first on IMP.NEWS.

South Korean president backs won-based tokens, stocks rally

South Korean equities have surged following President Lee Jae-myung's pledge to permit cryptocurrency assets backed by the won.

South Korean stocks ride crypto wave as new president backs won-based tokens

South Korean equities have surged following President Lee Jae-myung’s pledge to permit cryptocurrency assets backed by the won. This has driven intense interest among retail investors in companies associated with digital currency projects. The benchmark Kospi Composite index has gained nearly 30% th...