{
}
A South Korean lawmaker has introduced a new bill aimed at establishing a licensing framework for stablecoins. This initiative seeks to regulate the growing stablecoin market and ensure compliance with financial standards. The proposal reflects the government's commitment to fostering innovation while maintaining oversight in the cryptocurrency sector.
Coupang’s luxury shopping service R.lux has partnered with global e-commerce platform Farfetch to offer over 1,400 luxury brands, including Dolce & Gabbana and Korean designers like Ader Error, to customers in Korea. This collaboration, announced on June 9, 2025, features free shipping through Coupang’s Rocket Jikgu service, with delivery typically taking four to seven days. The partnership reflects South Korea's growing luxury market and the increasing influence of younger consumers on luxury spending.
LG Group Chairman Koo Kwang-mo visited Indonesia to inspect the HLI Green Power battery plant, a joint venture with Hyundai Motor Group, emphasizing the need for enhanced global competitiveness in EV battery production. The facility, which began mass production in April 2023, currently produces enough batteries to power 150,000 EVs annually. LGES plans to invest an additional $1.7 billion to boost production capacity, reflecting Indonesia's strategic role as a key player in the global EV supply chain due to its significant nickel reserves.
The Philippine Blockchain Industry Report 2025 reveals a shift from cryptocurrency and gaming to broader applications like remittances, decentralized finance, and data security. While 74% of Filipinos trust blockchain security, only 28% are familiar with Web3, highlighting a significant educational gap. The report emphasizes the need for regulatory expansion, public-private partnerships, and improved blockchain literacy to support the country's digital transformation goals.
The U.S. Department of Justice has filed a civil forfeiture complaint to seize over $7.7 million in cryptocurrency and digital assets linked to a North Korean laundering operation involving IT workers using false identities to infiltrate tech firms globally. The scheme, directed by North Korea's Foreign Trade Bank and Ministry of Defense, utilized advanced techniques like chain hopping and privacy-enhancing technologies to obscure the origins of funds, which were ultimately funneled to sanctioned entities. Key figures in the operation have been designated by the Office of Foreign Assets Control for their roles in financing prohibited activities.
South Korean President Lee Jae-myung and U.S. President Donald Trump have agreed to prioritize a trade agreement, focusing on tariffs, following their first phone call since Lee's election. With trade constituting 88% of South Korea's GDP, the negotiations are critical for preserving the nation's economic progress, particularly in key export sectors like integrated circuits and automobiles. The discussions also address ongoing U.S. concerns about trade imbalances, as the bilateral goods deficit has significantly increased since the original KORUS implementation.
South Korean President Lee Jae-myung will attend the G7 Summit in Alberta, Canada, from June 15 to 17, marking his first global diplomatic engagement. As South Korea navigates its complex economic ties with China and growing security concerns, Lee faces pressure to balance relations with the US and China amid a firmer G7 stance on Beijing. The summit may also see a trilateral meeting with the US and Japan, highlighting South Korea's strategic positioning in great power competition.
In June 2025, funding activity in Asia remains robust despite challenging macroeconomic conditions, with notable deals including India’s Udaan raising $114 million and China’s D-Robotics securing $100 million. A total of 58 deals worth over $575 million were reported recently, highlighting ongoing investor interest in the region's startups. Additionally, a new platform, Glasswall, aims to enhance transparency in fundraising by allowing founders to share feedback on investors.
Japan is considering emergency rice imports and other measures to stabilize soaring rice prices, which have doubled in the past year, ahead of key elections. The government plans to release 600,000 metric tons from its emergency stockpile and may utilize its annual quota of 100,000 metric tons of tariff-free rice. Meanwhile, the U.S. Treasury has urged the Bank of Japan to continue tightening monetary policy to address the yen's weakness and support economic rebalancing.
San Jose-based Allay Therapeutics has secured $57.5 million in a Series D financing round led by Lightstone Ventures and Temasek’s ClavystBio, with participation from existing and new investors. The funds will support a Phase 2b trial for ATX101, an investigational analgesic for post-surgical pain management in knee replacement patients, with results expected in Q4 2025. This investment reflects growing interest in the pain management market, projected to reach $109.9 billion by 2028, and highlights a shift towards non-opioid therapies amid changing regulatory landscapes.
KOR
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
South Korean lawmaker introduces legislation for stablecoin licensing
10:02 10.06.2025
coupang partners with farfetch to enhance luxury shopping experience in korea
08:30 10.06.2025
lg chairman visits indonesia to boost electric vehicle battery production
07:50 10.06.2025
philippine blockchain industry shifts focus from crypto to broader applications
06:00 10.06.2025
us seizes 7.7 million in cryptocurrency linked to north korean cyber scam
16:33 09.06.2025
South Korea and US leaders prioritize tariff negotiations for trade agreement
08:40 09.06.2025
south korea's leader navigates us china tensions at g7 summit
07:28 09.06.2025
Asia's tech landscape thrives with significant funding deals amid challenges
11:30 07.06.2025
Japan considers emergency rice imports to stabilize soaring prices
United States Dollar
Japanese Yen
CHN
KOR
BRA
TWN
JPN
IRL
VNM
CHE
SGP
USA
DEU
Shinjirō Koizumi
Show more
09:18 06.06.2025
Allay Therapeutics secures 57.5 million for innovative pain management trial
08:41 06.06.2025
Trending
Subcategory
Corporate News
AI Innovations
Industry Trends
Startups & Entrepreneurship
Emerging Startups
Funding Rounds & Investments
Fintech Startups
Venture Capital Investments
Economic Indicators
Private Equity Deals
Cryptocurrency Trends
Retail and Consumer Goods
Cybersecurity Innovations & Tech
Stock Market Updates
Product Launches
Market Analysis and Predictions
Global Trade Developments
AI Applications
Industry Mergers & Acquisitions
Software Development Trends
Countries:
Companies:
Huawei Technologies CO. Ltd.
NVIDIA Corporation
Nvidia Corporation
Apple Inc.
Google Inc.
Microsoft Corporation
XPeng Inc.
SWIGGY LIMITED
Vecmocon Technologies Ltd.
Emaar Properties PJSC
Deyaar Development PJSC
Maverick Ventures (Israel) 1.5 GP Ltd.
SuperSeed B.V.
Microsoft Corporation Corp.
Toyota Motor Corporation
Xiaomi Corporation
Berner Kantonalbank AG
Amazon.com Inc.
Medius Holdings Co., Ltd.
SITC International Holdings Company Limited
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Swiss Franc
British Pound Sterling
Japanese Yen
South African Rand
Filipino Peso
Norwegian Krone
Offshore Chinese Yuan
People: