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🇰🇷 Crypto platform Backpack partners with South Korean brokerage SK Securities to develop Korean stock trading services for eligible foreign investors based outside South Korea.
The service is planned for Backpack’s app, building on its existing U.S. securities business. The firms will also explore tokenized securities and real-world assets.
🇰🇷 South Korea’s ruling Democratic Party will meet five major crypto exchanges on Oct. 30 to discuss postponing a tax on crypto gains.
The levy is scheduled for January 2027. A proposal seeks a 2029 start, citing gaps in tax infrastructure and access to overseas trading data. No postponement has been approved.
🇰🇷 South Korean crypto exchange Prabang suspends services after reporting about KRW 100 million in losses from a hack.
The platform detected unusual hot-wallet outflows on Oct. 24 and pledged to fully reimburse affected users using company assets. The cause and final losses remain under investigation.
🇭🇰 The Hong Kong arm of South Korean brokerage Mirae Asset Securities completes a tokenized funding note issuance on Solana.
The six-month USD floating-rate notes were privately placed with eligible institutional investors under its $3 billion Guaranteed Structured Note Programme. Marketnode served as distributor.
🇨🇳 LATEST: Li Liang, VP at ByteDance’s Douyin Group, rejects claims of a “ByteDance era” in China’s internet sector.
Commentator Qin Shuo cited August estimates showing ByteDance apps captured 41.8% of time spent across China’s 50 most-used mobile apps, versus Tencent’s 28.6%. Li said the sample excluded other apps and PC usage.
🇰🇷 LATEST: South Korean memory chipmaker SK hynix expects memory shortages to persist through 2030.
The company says AI investment is expanding to more businesses and governments. Increasing manufacturing complexity and long lead times for new factories are keeping supply growth behind demand.
🇰🇷 South Korean memory chipmaker SK hynix plans about KRW 100 trillion in shareholder returns for 2026.
Q3 revenue reached KRW 104.62 trillion, while operating profit rose 632% year on year to a record KRW 83.33 trillion. Net profit was KRW 39.78 trillion, down 58% quarter on quarter. Returns include dividends, buybacks and share cancellations.
🇰🇷 LATEST: South Korean crypto exchange Bithumb reports an internal system breach that exposed personal information.
Whether customer data was affected remains under investigation. Brokerage Daishin Securities confirmed a leak involving 38,490 customers, while asset manager Mirae Asset Global Investments also reported a hacking incident.
🇰🇷 SK hynix to announce Q3 earnings and shareholder return plans on Oct. 28.
Korean media report up to KRW 60 trillion in additional shareholder returns. A separate report cites a possible KRW 16 trillion special dividend. Neither amount has been confirmed by the company.
🇹🇭 Thai wallet WORPT launches stablecoin conversion and QR payments for tourists.
Foreign visitors can convert USDT or USDC into Thai baht and pay via PromptPay, with merchants receiving baht. The service operates under the Thai SEC’s Tourist DigiPay regulatory sandbox.
🇰🇷 South Korea is reportedly considering an education tax on crypto exchanges.
This would depend on their classification as financial institutions under the proposed Digital Asset Basic Act. The existing financial-sector levy applies to revenue: 0.5% on the first KRW 1 trillion and 1% above that.
🇹🇼 LATEST: Micron signs a deal with its Taichung union, which projects annual production-worker compensation above NT$2 million.
That compares with NT$630,000 previously. Total compensation includes bonuses, equity and retirement contributions; the employer retirement contribution rate will rise to 10%.
🇰🇷 South Korean medical AI stocks surge, with Lunit hitting its daily limit.
During Oct. 26 trading, Lunit rose 30%, VUNO gained 24.36%, and Neurophet advanced 19.85%.
🇰🇷 Samsung and SK hynix reportedly plan to mass-produce 8-layer HBM4 for Nvidia.
Production and shipments are targeted for Q2 2027, with the memory intended for Rubin Ultra NVL racks, ZDNet Korea reports.
🇨🇳 LATEST: DeepSeek tops OpenRouter’s weekly token usage rankings.
V4.1-Flash-1017 processed 33.6 trillion tokens during Oct. 19–25, up 801% week over week. Chinese models took all five top spots.
🇨🇳 Unitree rebounds above RMB 700, up over 56% this month.
The prominent Chinese embodied AI company previously saw a sharp selloff. Shares traded at RMB 723, up 15.87% intraday, but remained about 34% below their RMB 1,100 opening price on debut.
🇰🇷 KB Securities: Samsung and SK hynix’s two-year operating profit could reach 2.1x their previous 26-year total.
The brokerage forecasts combined operating profit of KRW 1,571 trillion for 2026–27, versus KRW 748 trillion earned over 2000–25.
Samsung's quarterly profit tops $80 billion, but its shares are down 36% since June
Samsung's October 8 guidance shows Q3 revenue of about 195 trillion won and operating profit of about 107.4 trillion won, up roughly 783% year on year. That is an operating margin above 55%.
Analysts expect SK hynix to post about 77 trillion won, which would bring the two companies' combined quarterly operating profit to about $139.1 billion. HBM demand from AI servers and higher conventional memory prices are driving the surge.
Yet as of October 23, Samsung and SK hynix shares were down 36% and 52% respectively from the end of June, according to STAR Market Daily.
Investors now seem to be asking whether these profits can last: will customers sign long-term orders, how long can high chip prices hold, and how much will capacity expansion cost?
SK hynix reports full results on Wednesday and Samsung on Thursday. Orders and cash returns will matter more than the headline profit.
