News linked to both this project and an event.
Citrini analyst jukan posted on platform X, stating that KIS has raised its target price for SK Hynix by 24% to 4.7 million KRW, with today's closing price at 1.41 million KRW.
According to "Digital Assets", South Korean blockchain platform WEMIX released an official announcement on July 27, acknowledging a security incident involving its stablecoin WEMIX$ (WEMIX Dollar) smart contract. The incident occurred at 6:18 PM on July 26, when the owner permissions of the WEMIX$ smart contract were hijacked, resulting in approximately $6.25 million (approximately 87 million KRW) worth of WEMIX$ being abnormally minted and transferred to external addresses. WEMIX stated that it has identified the addresses suspected of being used in the attack and is conducting on-chain tracking, while collaborating with major exchanges and blockchain security agencies to monitor the flow of stolen assets, and will cooperate with law enforcement agencies if necessary.
According to Upbit's announcement, South Korean crypto exchange Upbit will list Euler (EUL) on the Korean Won (KRW) market on July 26 at 12:00 (KST), supporting deposits and withdrawals on the Ethereum network. Within approximately 5 minutes after trading opens, buy orders and some sell orders will be restricted; within approximately 2 hours after opening, only limit orders will be supported. Euler is a decentralized finance lending protocol based on Ethereum, allowing users to create lending markets and deposit or borrow assets. Euler v2, launched in 2024, adopts a modular Vault structure, supporting users in building lending markets based on different assets and risk preferences, and can be extended to scenarios such as RWA, synthetic assets, and NFTs. The EUL token is primarily used for governance, Fee Flow bidding, and reward mechanisms.
Odaily News: Citrini analyst jukan posted on X, stating that Samsung Electronics is considering outsourcing the backend design work for the I/O Die of Google's 10th generation 2nm TPU "Icefish," and has already inquired with design solution partners about requirements. This TPU is used to run Google's AI models, including Gemini. Google is reportedly co-designing this chip with MediaTek, with mass production planned as early as 2028. The TPU consists of a compute processor and an I/O Die; the compute processor is expected to be manufactured by TSMC using a 1.4nm process, while the I/O Die will be manufactured by Samsung Electronics using a 2nm process. Recently, Samsung Electronics is said to have secured Anthropic and DeepX as 2nm customers, in addition to Google and Tesla.ADTechnology, Gaonchips, and Alphachips have been mentioned as potential outsourcing contractors. Among them, ADTechnology is focusing on a 2nm CPU project "ADP620," targeting an annual revenue exceeding 1 trillion KRW between 2028 and 2029. Gaonchips is preparing to participate in the "K-On-Device AI" project, which has a budget of approximately 800 billion KRW from the Ministry of Trade, Industry and Energy. Alphachips is reportedly viewing the Google TPU project as a growth driver and is becoming more actively involved.
Odaily news, Citrini analyst jukan posted on X platform, stating that local South Korean brokerages expect SK Hynix's operating profit to reach 60.4 trillion KRW, a 61% increase quarter-over-quarter and a 556% increase year-over-year, but still 8% below the market consensus of 65 trillion KRW. The shortfall is mainly due to SK Hynix's higher proportion of HBM revenue compared to its peers, resulting in its average selling price growth being lower than the market average.
despite another sharp decline in the South Korean stock index today, retail investor funds continued to show net inflows, with net purchases reaching 2.3179 trillion KRW (approximately $1.522 billion). However, foreign investors sold 2.274 trillion KRW (about $1.493 billion), driving the overall market down. Institutions also sold stocks worth 63.2 billion KRW. (Financial Post)According to Gate data, South Korea's KOSPI index plunged 8% intraday, with SK Hynix and Samsung Electronics falling around 10%. (Jinshi Data APP)
Odaily Odaily News: Citrini analyst jukan posted on X platform, stating that Samsung Electronics has a market cap of 1859.1 trillion KRW. According to its preliminary consolidated financial results, the Q2 2026 revenue was 171.0 trillion KRW, compared to a market expectation of 173.0 trillion KRW (1% below expectations); operating profit was 89.4 trillion KRW, compared to a market expectation of 84.6 trillion KRW (6% above expectations); net profit was not disclosed, while market expectations stood at 73.1 trillion KRW.Recent quarterly results show: Q1 2026 revenue was 133.9 trillion KRW, operating profit was 57.2 trillion KRW, net profit was 47.2 trillion KRW; Q4 2025 revenue was 93.8 trillion KRW, operating profit was 20.1 trillion KRW, net profit was 19.6 trillion KRW; Q3 2025 revenue was 86.1 trillion KRW, operating profit was 12.2 trillion KRW, net profit was 12.2 trillion KRW; Q2 2025 revenue was 74.6 trillion KRW, operating profit was 4.7 trillion KRW, net profit was 5.1 trillion KRW.
According to The Block, South Korea’s National Assembly has passed an amendment to the Foreign Exchange Transaction Act, requiring enterprises engaged in cross-border inflows and outflows of crypto assets to register with the Minister of Economy and Finance to strengthen systematic oversight of cross-border crypto asset flows. The amendment introduces a new definition of “virtual asset transfer business,” covering activities involving the transfer of crypto assets between South Korea and overseas jurisdictions through buying, selling, or exchanging—such as those conducted by cryptocurrency exchanges and digital asset custodians. Separately, it is reported that South Korea’s Financial Services Commission plans to extend the Travel Rule to all crypto transactions; South Korea also intends to impose a 22% tax on crypto asset gains exceeding 2.5 million KRW starting January 2027.
According to South Korean media outlet Newsis, a man in his twenties, who worked as a company finance staff member in South Korea, was sentenced to three years’ imprisonment by the Busan District Court for embezzling corporate funds to invest in cryptocurrencies. The court determined that between 2021 and 2025, he transferred company funds into his personal account approximately 680 times, embezzling a total of roughly 570 million KRW, which he used for cryptocurrency trading, overseas travel, and daily expenses. He also forged certificates of corporate deposit trust balances to conceal his crimes.
According to The Asia Business Daily, DS Investment & Securities issued a research report lowering NAVER’s target price from its previous level to 300,000 KRW, while maintaining a “Buy” rating. Analyst Choi Seung-ho noted that the downward revision is primarily driven by two factors: first, NAVER’s operating profit margin for this year is projected to decline from 18.3% to 17.6%, due to rising advertising and e-commerce marketing expenses as well as depreciation costs; second, delayed legislative progress on cryptocurrency-related regulations is directly affecting the proposed merger between NAVER Financial and Dunamu, raising the possibility of further postponement beyond the originally scheduled completion in September. Previously, DS Securities had assigned a valuation of 15 trillion KRW to NAVER’s cryptocurrency business within its Sum-of-the-Parts (SOTP) valuation; this portion has now been removed from the updated report. Choi Seung-ho added that the e-commerce business remains NAVER’s core growth engine going forward, with annual e-commerce sales expected to reach approximately 2.7 trillion KRW.