South Korea
Block Media
KOSPI gives back two days of gains in one session as Bitcoin retreats below $81,000
- KOSPI reversed its two-day rebound on October 20 amid fresh worries about AI investment returns and semiconductor sector earnings.
- Bitcoin dropped back below $81,000 despite about 700 billion won in net inflows into U.S. spot Bitcoin ETFs that day, and most major altcoins also fell.
- South Korea's Ministry of Economy and Finance held a morning meeting with financial regulators, the five major won-denominated crypto exchanges, and DAXA to discuss crypto taxation ahead of the planned January implementation.