Latest news with #KakaopayCorp
Bloomberg
30-06-2025
- Business
- Bloomberg
Stablecoin Frenzy Fuels Steep Stock Gains That Make Funds Wary
Some investors are growing wary over the global stablecoin craze that has driven massive gains in shares of companies linked to the still-emerging technology. Short bets continue to climb on Circle Internet Group Inc., even as its stock has surged about 500% since its New York debut just three weeks ago. In South Korea, global and local funds dumped shares of Kakaopay Corp. as they tripled over the past month.
Bloomberg
27-06-2025
- Business
- Bloomberg
Kakaopay Sinks 17% as Authorities Flag Risks Tied to Stablecoin
Shares of South Korea's Kakaopay Corp., which have recently surged on investor excitement over its possible stablecoin foray, dropped as much as 17% as trading resumed after a one-day halt. The Korea Exchange suspended Thursday trading for the shares, saying the stock has been designated as an 'investment risk' that would warrant the halt. The stock was also suspended on Tuesday, following a roughly 50% ascent in the previous two sessions.
