Tag: South Korean Markets
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Ripple Overtakes Ethereum as South Korea’s Second Favourite Cryptocurrency
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A recent survey reveals that Ripple (XRP) has surpassed Ethereum (ETH) as the second-most preferred cryptocurrency among South Korean investors, while Bitcoin (BTC) retains its top position. Bitcoin Leads, XRP Climbs to Second Place Between December 24 and 26, 2024, Korean news outlet News1 surveyed over 5,220 investors about their preferred cryptocurrencies. The poll focused…
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South Korean Markets Reel Amid Political Chaos
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South Korea faces heightened market volatility as a deepening political crisis shakes investor confidence. Stocks and the won have nosedived, exacerbated by recent events tied to embattled President Yoon Suk Yeol. Kospi and Won Under Pressure The Kospi Index tumbled 2.8%, while the Kosdaq dropped over 5%, marking its lowest point since April 2020. Meanwhile,…