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[Opening Market] KOSPI Opens Up More Than 2%, Touching 7,000

On the morning of Aug. 14, the domestic stock market started higher across the board, influenced by the easing of U.S. inflation burdens and the strength of tech stocks in the New York stock market.

  • KOSPI opens 2.68% higher at 7,000 points
  • Semiconductor and IT stocks lead market rally
  • Institutional investors take profits near 7,000 mark

South Korea Tightens Crypto Exchange Screening

The scope of screening for virtual asset service providers will be expanded from existing representatives and executives to include major shareholders, and substantive verification of financial…

  • South Korea expands crypto exchange screening to major shareholders and social creditworthiness.
  • Debt-to-equity ratio limit set at 200% or below for compliant exchanges.
  • Operators required to have 4 AML staff, compliance officer, and ISMS certification.