yonhap

ChainCatcher news, according to Yonhap News Agency, South Korean individual investors have recently reduced their investments in large U.S. tech stocks and increased their purchases of cryptocurrency-related stocks. A report released by the International Financial Center on August 11 pointed out that with the passage of the U.S. "Genius Act," investments related to stablecoins have increased.From January to April this year, South Korean individual investors had an average net purchase of $3.8 billion in overseas stocks per month, but in May and June, they turned to net sales of $1.29 billion and $390 million, respectively. In July, individual investors net bought $490 million again, but the buying momentum weakened. The report also noted that since June, the South Korean stock market has outperformed overseas markets such as the U.S., and the Korean won has shown strength, leading individual investors to return to the domestic stock market. The proportion of cryptocurrency-related stocks among the top 50 net purchased stocks by individual investors increased from 8.5% in January to 36.5% in June and 31.4% in July.

ChainCatcher news, according to Jinshi citing Yonhap News Agency, South Korea's new president Lee Jae-myung had his first phone conversation with U.S. President Trump, and both sides agreed to quickly resolve tariff negotiations.

ChainCatcher news, according to Jin10 data citing Yonhap News Agency, South Korea's new president Lee Jae-myung had his first phone conversation with U.S. President Trump, and both sides agreed to quickly resolve tariff negotiations.

ChainCatcher news, according to a report by Yonhap News Agency, sources in the South Korean diplomatic community revealed on the 4th that South Korea's elected president Lee Jae-myung may have a phone call with U.S. President Trump as early as that day.The report states that the governments of South Korea and the United States are coordinating arrangements for a phone call between Lee Jae-myung and Trump later that afternoon. This call is expected to primarily consist of Trump congratulating Lee Jae-myung on his inauguration and both sides reaffirming their willingness to cooperate, but there may also be an exchange of views on unresolved issues such as North Korea's nuclear program and tariffs.The two sides may also engage in principled discussions regarding the holding of a South Korea-U.S. summit. Diplomatic circles predict that, considering the usual practice of newly inaugurated South Korean presidents visiting the U.S. early on, the South Korea-U.S. summit is likely to take place between July and August in the United States. The two leaders may also have their first face-to-face meeting during the G7 summit held in Canada from the 15th to the 17th of this month, or at the NATO summit in The Hague, Netherlands, on the 24th to the 25th.

ChainCatcher news, according to Yonhap News Agency: South Korean authorities have arrested President Yoon Suk-yeol. The South Korean Public Prosecutor's Office executed the arrest warrant for Yoon Suk-yeol at 10:33 AM (Beijing time 09:33 AM).

ChainCatcher news, according to Yonhap News Agency, South Korean police are expected to attempt to execute the arrest warrant against Yoon Suk-yeol again on Wednesday. (Jinshi)

ChainCatcher news, according to Yonhap News Agency, the Bank of Korea plans to further cut interest rates next year to address higher downside risks.

ChainCatcher news, according to Yonhap News Agency, the constitutional appeal submitted by Do Kwon, the founder of Terraform Labs, in Montenegro has been dismissed. The Constitutional Court of Montenegro announced that the unanimous opinion of all judges is to reject Do Kwon's constitutional appeal.This decision means that Do Kwon will be tried in South Korea or the United States, with the specific decision to be made by the Minister of Justice of Montenegro. Given the previous stance of the Ministry of Justice and other factors, Yonhap News Agency believes that Do Kwon is likely to be extradited to the United States.

ChainCatcher news, according to Jinshi reports, a large number of people are currently gathered outside the South Korean National Assembly, demanding to enter the assembly and shouting slogans on-site, calling for Yoon Suk-yeol to withdraw the state of emergency.Subsequently, the South Korean military has blocked the entrance to the National Assembly. The area around the South Korean presidential office in Yongsan, Seoul, has entered a state of full control.

ChainCatcher news, according to Yonhap News Agency, South Korea will investigate the negligence of Telegram suspected of deep forgery.

ChainCatcher news, according to Yonhap News Agency, the United States and South Korea held a working group meeting this week regarding North Korean cyber threats. The meeting statement said that the United States and South Korea are taking extensive actions to address North Korea's malicious cyber activities, including the theft of virtual currency.ChainCatcher previously reported that Slow Mist tweeted that the attackers of CoinsPaid, Atomic, and Alphapo may all be North Korean hacker group Lazarus Group.

ChainCatcher news, according to Yonhap News Agency, Busan, South Korea has decided to reconsider the establishment of a digital asset exchange. This is due to the negative attitude of the government and financial authorities towards public institutions setting up digital asset exchanges, and the anxiety in the entire industry is increasing following the recent FTX bankruptcy. An official from Busan stated, "Given various circumstances, it is unreasonable for Busan to promote the establishment of a digital asset exchange."Previously, it was reported that Busan, South Korea signed a cooperation agreement with Binance, FTX, Houbi, Crypto.com, and Gate.io to establish the Busan Digital Asset Exchange, and several blockchain venture capital firms planned to invest $100 million in ecosystem development in Busan, South Korea. (source link)