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According to a report by the Korean News Agency, Woo Ki-hyung, an official of the ruling Democratic Party of Korea, stated after the conclusion of the tax subcommittee of the National Assembly's Planning and Finance Committee that there is a consensus between the ruling and opposition parties on the postponement of the virtual asset income tax. The government proposed a two-year delay, and there is not much disagreement between the parties.

According to a report by the Korean News Agency, on November 11, the South Korean Ministry of SMEs and Startups released the "AI Startup Unicorn Cultivation Strategy" in Seoul, proposing to cultivate 20 AI unicorn companies valued at over 1 trillion Korean won and 1 AI decacorn company valued at over 10 trillion Korean won by 2030.The ministry will select 50 AI startups each year as candidates and provide over 10 billion Korean won in R&D and commercialization funding support for companies that enter the final stage of the project. South Korea will also build a comprehensive empirical system connecting AI semiconductors, cloud, and services, and expand the "Government First Verification and Procurement" project, which allows government and public institutions to be the first customers, into the AI field.

According to a report by the Korean News Agency, the Financial Security Institute (FSI), a financial security agency under the Financial Services Commission of South Korea, was hacked, resulting in the leakage of hundreds of pieces of information, including about 300 personal information records of employees from financial institutions.

According to Jinshi reports, in the third quarter of this year, the concentration of South Korean exports further deepened. Influenced by the prosperity of the semiconductor industry, the gap between large enterprises and small and medium-sized enterprises widened, with the top ten export companies in South Korea accounting for more than 60% of the total export value, marking the first time since records began in 2010.Data released by relevant departments on Tuesday showed that South Korea's total exports in the third quarter surged by 72.3% year-on-year, reaching 318.6 billion USD, setting a record high for a quarter since records began in 2015. The export value of large enterprises grew by 103.5%, with semiconductor manufacturers like Samsung Electronics and SK Hynix being the main drivers, while the export value of small and medium-sized enterprises only increased by 12.8% and 10.7%, respectively. During the same period, semiconductor exports skyrocketed by 219% year-on-year, reaching 148 billion USD, accounting for 46.5% of the total exports, up from 25.1% in the same period last year.

ChainCatcher reports, according to RootData market data, South Korea KOSPI Composite intraday: 5236.91 points, today's open: 5209.71 points, up 0.5%.

A South Korean trader @solyfw34 accused the cryptocurrency trading platform LBank of restricting account withdrawals and trading after he profited from contract trading, resulting in some positions being unable to be manually closed and ultimately being forcibly liquidated. Currently, approximately 1 million USDT remains inaccessible. The user stated that LBank did not provide specific evidence of abnormal trading.On November 10, LBank responded that it would not restrict accounts solely due to user profits, and that the relevant accounts were suspected of violating internal rules. The user's invested principal has been fully withdrawn, and the restricted funds have been identified as related to abnormal trading. LBank has hired a South Korean law firm and stated that it will take legal action against false and defamatory statements. On-chain investigator ZachXBT criticized LBank as an offshore low-quality centralized exchange and questioned several KOLs for using highly similar rhetoric to defend the platform.

ChainCatcher reports, according to RootData market data, South Korea KOSPI Composite at the open: 5209.71 points, previous close: 5239.13 points, down 0.6%.

According to a report by the Korean News Agency, Kim Hyung-nyeon, Vice Chairman of Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, stated at the digital asset policy conference "DICON" held in Yeouido, Seoul, that South Korea's representative stocks, Samsung Electronics and SK Hynix, can only be tokenized and traded on overseas exchanges, "This matter itself is very painful."The report noted that as one of the co-founders of Dunamu, Kim Hyung-nyeon rarely speaks in public. He mentioned that there are many issues that need to be considered recently, and as long as the regulatory system is designed properly, Dunamu will do its best to become a global player representing South Korea. On the same day, Dunamu CEO Oh Kyung-sik stated in his opening speech that the digital asset industry is at a critical juncture where opportunities and challenges intertwine, and major countries have begun to view digital assets as important factors for financial innovation and national competitiveness.During the discussion, ruling party member Min Byung-deok stated that the postponement of virtual asset taxation has made all parties clearly recognize the necessity of the "Basic Law on Digital Assets," which must be passed in this regular National Assembly session, no later than January 18 of next year. He also advocated for allowing institutions and legal entities to invest in virtual assets comprehensively, arguing that according to the spirit of the South Korean Constitution, individuals and legal entities should not be treated differently.

According to a report by the Korean News Agency, Shin Eun-seop, the director of the Electronic Financial Inspection Bureau of the Financial Supervisory Service of Korea, stated at a discussion held at the Financial Investment Education Institute in Yeouido, Seoul, that if stablecoins are used as a means of electronic payment, it is inevitable that the Electronic Financial Transactions Act will apply from the perspective of fairness with existing electronic payment methods, user protection, and payment settlement stability.

ChainCatcher reports, according to RootData market data, South Korea KOSPI Composite intraday: 5217.44 points, today's open: 5247.22 points, down 0.6%.

ChainCatcher reports, according to RootData market data, South Korea KOSPI Composite at the open: 5247.22 points, previous close: 5018.85 points, up 4.6%.

According to a report by the Korean News Agency, the American artificial intelligence company Anthropic has reported to the Personal Information Protection Commission of Korea that the account information of over 100 Korean enterprises for its generative AI service Claude has been leaked. The Commission stated on November 9 that Anthropic reported this matter on the 31st of last month, and it is currently in the preliminary review stage, with no formal investigation initiated yet.According to a previous report by The Washington Post, the American security startup Cathedral accessed Anthropic's internal systems by exploiting vulnerabilities in third-party office software. Anthropic researcher Lydia Hallie stated on X that Cathedral accessed account information such as names, emails, and packages without authorization, but did not obtain prompts, output results, or payment information. The company has blocked the affected systems and fixed the vulnerabilities on the day it became aware of the issue.

According to the South Korean semiconductor media THE ELEC, the etching process formula used by Samsung Electronics for semiconductor manufacturing has been reported to flow to the equipment supplier Lam Semiconductor's Korean company. An internal investigation by Samsung found that data transmission beyond authorized limits had occurred multiple times and regarded this matter as a serious technology leak incident. Lam Semiconductor is the equipment supplier for Samsung's semiconductor production line, primarily providing etching and deposition equipment.Data generated during equipment operation is stored in systems such as internal monitoring servers within the factory. According to the agreement between both parties, Lam Semiconductor can obtain some equipment data within a limited scope for performance optimization and maintenance, and its Korean company submits data requests to Samsung. Samsung's investigation revealed that some unauthorized process formulas were transmitted to Lam's Korean company in the form of independent documents, with the related transmissions originating from non-compliant requests, not being a one-time occurrence. Samsung discovered this issue in the second half of this year.The semiconductor process formula records key parameters such as equipment temperature, chamber pressure, gas flow, and processing duration, which directly affect chip yield, performance, and production stability, and are considered core technical data of wafer manufacturing enterprises. Lam Semiconductor's Korean company announced on November 6 that Kim Tae-won would replace Park Jun-hong as CEO. Some industry insiders have linked this leadership change to the data leak incident, but there is currently no public information proving a direct relationship between the two. Neither Samsung Electronics nor Lam Semiconductor's Korean company has responded to inquiries from THE ELEC.

NVIDIA announced its investment in the South Korean company Point2Tech at the "AI Startup Collaboration Forum" in Seoul, and plans to further invest in Motif, Realworld, and Upstage. Upstage has thus gathered investments from Amazon, AMD, and NVIDIA.

According to a report by the Korean News Agency, South Korean Deputy Prime Minister and Minister of Economy and Finance Lee Hae-joon stated at a plenary meeting of the National Assembly's Special Committee on Budget and Accounts that after the Democratic Party won the U.S. midterm elections, the market is concerned about stricter regulations on AI data centers, but "there are currently no special circumstances, and we need to observe for a while longer." He made this statement in response to a question from an opposition party member regarding whether the first project for investment in the U.S., a gas power plant, would be affected by political pressure.The First Secretary of the Ministry of Science and ICT of South Korea stated that if U.S. data center investments are hindered, large-scale data center operators may turn to South Korea, "the changes in the U.S. may present an opportunity for us," and the government is closely monitoring the situation and paying attention to its impact on the data center derivative industry and the reactions from the U.S. industry. Regarding the recent controversy surrounding NVIDIA CEO Jensen Huang and whether it would affect the already agreed GPU supply, Lee Hae-joon responded, "It will proceed smoothly, and there will be no issues."

According to a report by the Korean News Agency, the administrative department of the South Korean National Court has established a cryptocurrency enforcement procedure. The revised "Civil Execution Rules" have been implemented since November 1, officially clarifying the seizure and liquidation procedures for virtual assets (such as Bitcoin).Previously, due to the lack of physical form of virtual assets, enforcement relied heavily on the regulations regarding "other property rights." With the surge in related cases, the court has specifically formulated enforcement rules for two scenarios: custodianship by exchanges and personal wallets, covering various liquidation methods such as seizure, transfer orders, and entrusting exchanges to sell.

The South Korean Minister of Industry stated that the current issues affecting NVIDIA will not impact South Korea's contracted GPU supply from the company.

ChainCatcher reports, according to RootData market data, South Korea KOSPI Composite intraday: 5075.52 points, today's open: 5034.20 points, up 0.8%.

ChainCatcher reports, according to RootData market data, South Korea KOSPI Composite at the open: 5034.20 points, previous close: 5059.69 points, down 0.5%.

The Financial Services Commission of South Korea is coordinating inter-departmental differences on the government draft of the "Basic Law on Digital Assets," aiming to present it in November and is expected to advance it in the form of legislative action by lawmakers. Regulatory authorities are discussing setting a single shareholder ownership limit for cryptocurrency trading platforms at 15% to 20%, and providing existing platforms with a transition period of 1 to 2 years; considering property rights disputes, it may also change to only restrict voting rights.The bill proposes to change the access to trading platforms from a declaration system to a licensing system, with stablecoin issuers expected to adopt a bank-centered consortium model. Discussions are also underway regarding implementing strict liability for hacking attacks and system incidents, as well as listing violations of actual holding obligations for crypto assets as grounds for suspension of operations. On November 5, South Korea's Deputy Prime Minister and Minister of Economy and Finance, Lee Hyeong-ik, stated that he would consult with the National Assembly to postpone the implementation of the cryptocurrency asset income tax originally scheduled for next year by two years. The ruling party advocates prioritizing the formulation of this law, establishing an overall regulatory framework, and allowing a transition period for businesses and investors.