Normal view

Before yesterdayMain stream

South Korea moves to include crypto in state asset management law

15 July 2026 at 13:16
South Korea has unveiled plans for a new law that will bring cryptocurrencies and other digital assets into the country’s state asset management framework, expanding rules that have remained largely unchanged for more than seven decades. South Korea’s Ministry of…

SK hynix May Add Just One-Sixth Of Its Planned New Memory Capacity By 2028, Handing Ammunition To The DRAM Price-Fixing Lawsuit

14 July 2026 at 05:32

SK Hynix developing High Bandwidth Storage to boost AI performance in smartphones and tablets

A bombshell report from the Bank of America has just demolished the fallacy that new memory supply is just around the proverbial corner, with SK hynix now likely to bring online just around one-sixth of its initially envisaged production capacity additions by 2028. According to a Taiwanese memory chip industry insider, Samsung and SK hynix will only be able to bring their massive new fabs at Gwangju and Jeolla fully online after a decade We already know that South Korea's President, Lee Jae-myung, wants the country's memory capacity doubled by 2030, and has touted massive new fabs that Samsung and […]

Read full article at https://wccftech.com/sk-hynix-may-add-just-one-sixth-of-its-planned-new-memory-capacity-by-2028-handing-ammunition-to-the-dram-price-fixing-lawsuit/

South Korea tests blockchain stablecoin in first government pilot

11 July 2026 at 01:55
South Korea has launched its first government-backed blockchain stablecoin pilot after Gyeonggi Province confirmed an eight-month proof-of-concept program scheduled to begin in August. According to blockchain media outlet NexBlock, Gyeonggi Province, the country’s most populous province, will begin testing a…

South Korea June 2026: BYD smashes records

10 July 2026 at 09:27

The BYD Dolphin is the 2nd best-selling foreign model in South Korea in June.

The South Korean new light vehicle market is up by a robust 9.5% year-on-year in June to 159,348 units. This is divided into 121,289 units (+3%) for local carmakers and 38,059 (+37%) for foreigners. The H1 2026 tally is up 2.5% to 845,356, including 661,343 domestic brands (-3.7%) and 184,013 foreigners (+33.2%). Kia (+18.7%) has now been the #1 brand at home for 6 straight months, having established its dominance over sister brand Hyundai (-2.5%) in difficulty again. Kia is almost 27,000 units ahead of Hyundai YTD, which should ensure a Full Year victory. In third place for the 5th straight month, Tesla continues to shine with sales up 74.4% to 7% share and above the 10,000 unit-mark for the 4th month in a row. BYD (+2014.5%) smashes its records to #7 with 4,652 sales and 2.9% share (Previous best was reached last April at #9 with 2,023 sales and 1.3% share).

In the local models ranking, the Hyundai Grandeur (+80.4%) soars to pole position for the first time this year, dislodging the Kia Sorento (+8.1%) which remains the faraway YTD leader. The Kia Seltos (+31.1%) is up seven spots on May to #3, the nameplate’s first podium finish after 84 months in market. Its previous best was #4 hit in September 2019 and October 2024. The Carnival (-6.7%) and Sportage (-2.9%) ensure there are four Kia models in the Top 5. The Kia EV5 is the most popular recent launch and repeats at a record #13. The Tesla Model Y (+49.1%) once again obliterates the foreign models charts with over 9,000 sales. The event of the month is the arrival at #2 of the BYD Dolphin (+35 spots on last month), with the BMW 5 Series (+0.5%), Mercedes E Class (-18.5%) and GLC (-20.8%) rounding out the Top 5. BYD also places the Sealion 7 at #6 and the Atto 3 at #14.

Previous month: South Korea May 2026: Tesla Model Y first foreign model to top charts outright

One year ago: South Korea June 2025: Kia Sorento and Hyundai Avante on top

Full June 2026 Top 30 All brands, Top 52 All local models and Top 50 foreign models below.

South Korea June 2026 – brands:

PosBrandJun-26%/25May2026%/25PosFY25
1Kia54,98134.5%+ 18.7%1296,47935.1%+ 7.0%12
2Hyundai50,29631.6%– 2.5%2269,68931.9%– 8.2%21
3Tesla11,1197.0%+ 74.4%356,1396.6%+ 192.2%36
4Genesis7,9365.0%– 24.1%547,0245.6%– 23.1%43
5BMW6,5694.1%+ 0.2%439,1504.6%+ 2.3%54
6Mercedes5,5653.5%– 7.8%629,7763.5%– 8.6%65
7BYD4,6522.9%+ 2014.5%1211,6751.4%+ 807.9%916
8KGM3,6372.3%+ 19.6%721,8072.6%+ 19.0%78
9Renault Korea3,4002.1%– 32.2%821,1872.5%– 24.5%87
10Audi1,7721.1%+ 70.1%97,3370.9%+ 49.4%1212
11Lexus1,6941.1%+ 37.7%107,8190.9%+ 3.0%1010
12Volvo1,6791.1%+ 57.4%117,4700.9%+ 10.4%119
13Toyota1,4010.9%+ 73.2%145,1870.6%+ 15.3%1314
14GM Korea1,0390.7%– 17.8%155,1570.6%– 35.7%1411
15Mini8360.5%+ 7.9%164,0910.5%+ 19.7%1615
16Porsche7160.4%– 32.2%134,3220.5%– 25.0%1513
17Volkswagen6020.4%– 16.0%172,8040.3%+ 4.5%1718
18Polestar4330.3%+ 65.9%192,4120.3%+ 74.0%1920
19Land Rover4260.3%– 15.6%182,4600.3%– 1.8%1817
20Ford740.0%– 78.1%273350.0%– 87.3%2319
21Jeep720.0%– 71.4%245470.1%– 41.1%2021
22GMC670.0%+ 458.3%234770.1%+ 300.8%2130
23Peugeot650.0%– 31.6%263280.0%– 26.9%2424
24Lamborghini640.0%+ 28.0%222150.0%+ 3.4%2826
25Lincoln590.0%– 37.2%203220.0%– 54.2%2523
26Bentley580.0%+ 141.7%282270.0%+ 95.7%2727
27Cadillac520.0%– 18.8%253180.0%– 2.8%2625
28Honda470.0%– 66.9%213990.0%– 65.4%2222
29Ferrari200.0%– 23.1%291150.0%– 37.5%2928
30Rolls-Royce150.0%+ 15.4%30860.0%– 13.1%3031
 –Total local manufacturers121,28976.1%+ 3.0% –661,34378.2%– 3.7% – –
 –Total foreign manufacturers38,05923.9%+ 37.0% –184,01321.8%+ 33.2% – –
 –Total market159,348100.0%+ 9.5% –845,356100.0%+ 2.5% – –

South Korea June 2026 – local models:

PosModelJun-26/25May2026/25PosFY25
1Hyundai Grandeur10,062+ 80.4%238,390+ 14.1%25
2Kia Sorento8,561+ 8.1%155,426+ 8.4%11
3Kia Seltos6,685+ 31.1%923,545– 18.6%99
4Kia Carnival6,267– 6.7%430,202– 28.9%53
5Kia Sportage6,176– 2.9%331,263– 17.9%34
6Hyundai Sonata5,102+ 21.0%630,339+ 17.4%411
7Hyundai Avante4,316– 42.3%528,668– 27.6%62
8Hyundai Palisade4,211– 23.0%2319,667– 36.1%126
9Kia Ray4,159– 2.4%724,380– 3.5%812
10Hyundai Santa Fe4,068– 25.3%1120,511– 36.4%107
11Hyundai Porter3,828– 12.0%825,955– 8.5%78
12Hyundai Tucson3,285– 26.2%2020,482– 23.2%1110
13Kia EV53,192new1315,965new1749
14Kia K53,150+ 9.6%1615,747– 9.7%1816
15Hyundai Kona3,077+ 16.7%2117,874+ 23.1%1419
16Hyundai Staria3,035– 20.1%2214,892– 25.6%2015
17Genesis G802,944– 16.9%1816,928– 23.8%1513
18Kia EV32,838+ 50.6%1018,431+ 47.2%1322
19Kia Bongo2,531– 12.7%1216,415– 8.6%1617
20Genesis GV702,428– 19.1%2414,067– 17.9%2118
21Hyundai Bus/Truck2,375+ 54.4%1910,532+ 31.9%2623
22Kia PV52,349new1515,000new1945
23Kia K81,981– 18.2%2510,965– 27.3%2521
24Kia Morning1,919+ 59.4%1711,995+ 82.1%2225
25Kia Niro1,880+ 86.7%298,461+ 27.5%2927
26Genesis GV801,840– 37.7%2611,693– 29.1%2420
27Hyundai Ioniq 51,694+ 13.8%1411,894+ 73.2%2326
28Hyundai Casper1,485+ 23.2%278,266+ 8.9%3024
29KGM Musso1,333+ 209.3%337,975+ 373.6%3144
30Renault Korea Filante1,324new319,624new27 –
31Hyundai Ioniq 91,318+ 71.8%287,239+ 100.6%3333
32Renault Korea Grand Koleos1,313– 68.0%308,519– 63.1%2814
33Hyundai Venue1,123+ 3.4%365,578+ 12.1%3428
34Kia EV41,019– 5.0%327,726+ 135.8%3234
35Chevrolet Trax Crossover842– 16.1%394,206– 34.0%3829
36Kia EV6820+ 12.8%355,297+ 10.2%3530
37Hyundai Ioniq 6773+ 14.7%344,975+ 68.4%3642
38Renault Korea Arkana763+ 56.7%422,686+ 17.4%4340
39KGM Torres624– 4.6%472,381– 48.1%4431
40Kia Bus/Special603+ 424.3%372,019+ 184.8%4546
41KGM Musso EV578+ 2.7%384,296+ 44.4%3737
42KGM Actyon528+ 99.2%413,335+ 78.9%3935
43Hyundai Nexo459+ 818.0%442,815+ 288.3%4039
44Kia EV9392+ 246.9%451,552+ 102.1%4753
45KGM Tivoli372– 1.8%402,694+ 13.6%4241
46Genesis G90361– 46.0%432,808– 28.6%4136
47Kia Tasman320– 75.4%461,976– 50.5%4632
48Genesis G70228+ 10.7%55785– 21.3%4950
49Chevrolet Trailblazer174– 28.7%48909– 38.2%4848
50Kia K9139+ 51.1%49734– 14.8%5054
51Genesis GV60135+ 68.8%51586+ 61.9%5258
52Hyundai ST185+ 10.4%50717+ 15.1%5155

South Korea June 2026 – foreign models:

PosModelJun-26/25May2026/25PosFY25
1Tesla Model Y9,188+ 49.1%143,359+ 181.2%11
2BYD Dolphin2,828new374,505new6 –
3BMW 5 Series2,266+ 0.5%211,837– 1.0%33
4Mercedes E Class2,114– 18.5%411,929– 12.0%22
5Mercedes GLC1,221+ 20.8%94,691+ 10.1%54
6BYD Sealion 71,117new64,477new725
7Tesla Model X1,027+ 51250.0%122,646+ 26360.0%15n/a
8Toyota RAV4674+ 171.8%n/a993+ 0.1%3730
9Mercedes GLE634+ 4.8%133,680+ 20.2%96
10Volvo EX30624+ 494.3%211,309+ 43.5%2947
11BMW X3619+ 13.8%54,027+ 23.3%88
12Lexus ES545+ 16.7%82,672– 18.8%147
13Lexus NX530+ 34.5%142,793+ 20.2%1218
14BYD Atto 3503+ 135.0%n/a1,781+ 39.1%2322
15BMW X5495+ 34.1%103,437+ 13.6%1010
16Audi A6455n/a71,136+ 18.3%3350
17BMW 3 Series448– 22.0%113,218+ 13.9%119
18Audi Q4 e-Tron438+ 26.2%161,785+ 18.1%2223
19Polestar 4433+ 266.9%182,410+ 125.2%1726
20Audi Q5427+ 4170.0%201,791+ 17810.0%21n/a
21BMW 7 Series427+ 6.8%152,675+ 5.0%1313
22Tesla Model 3414+ 97.1%38,861+ 144.0%45
23Tesla Model S394+ 13033.3%351,005+ 4468.2%36n/a
24Mini Cooper Hatch389+ 16.1%251,993+ 16.9%1915
25Volvo XC60366– 1.9%192,446– 5.6%1611
26Mercedes G Class327+ 34.0%221,344– 26.0%2721
27Volvo EX30 CC322newn/a346newn/a –
28BMW X7305– 17.3%172,241– 7.4%1814
29BMW i5300+ 78.6%261,681+ 103.0%2436
30Mercedes S Class292– 19.1%291,839– 14.1%2012
31Lexus RX288+ 32.7%301,314+ 29.5%2833
32VW ID.4249+ 12.2%281,251+ 9.6%3043
33Mercedes CLE242– 22.2%271,598– 11.4%2620
34BMW X6221– 23.8%241,604– 17.8%2519
35Toyota Camry214+ 20.2%331,227+ 3.1%3131
36Mercedes C Class206– 44.8%n/a441– 74.2%n/a27
37BYD Seal204+ 3300.0%44906+ 15000.0%41n/a
38VW Golf198+ 34.7%39826+ 161.4%43n/a
39Porsche Taycan196+ 43.1%471,195+ 33.2%3235
40Toyota Alphard186+ 60.3%32911+ 34.6%3942
41BMW X1176– 16.6%341,079– 15.3%3428
42Lexus UX165+ 126.0%n/a216– 6.9%n/an/a
43Porsche Cayenne158– 57.8%231,066– 53.0%3517
44Mini Countryman157+ 31.9%49157– 81.7%n/a40
45BMW 4 Series154– 28.0%43878– 18.8%4232
46Mercedes GLS145+ 52.6%46459– 40.2%n/a37
47Range Rover Sport138– 11.5%n/a614– 7.4%4745
48Porsche Panamera137+ 9.6%n/a689– 44.7%4534
49Mini Electric134– 22.1%n/a540+ 191.9%n/an/a
50Porsche Macan EV123– 34.2%31123– 80.5%n/a41

Source: KAIDA

Upbit operator Dunamu wins bid for South Korea police crypto custody contract

8 July 2026 at 15:01
Dunamu, the operator of South Korean cryptocurrency exchange Upbit, has been selected as the preferred bidder for the Korean National Police Agency’s one-year seized digital asset custody contract. Procurement records published by South Korea’s Public Procurement Service showed that Dunamu…

South Korean super app Toss partners with Optimism for won linked stablecoin trial

8 July 2026 at 12:05
South Korean financial super-app Toss has signed a strategic agreement with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won-linked stablecoins through a three-month technology verification program. According to a press release shared with crypto.news, the financial…

Polymarket is under scrutiny in South Korea, here’s why

7 July 2026 at 00:00
South Korea has given Polymarket an opportunity to defend its operations before regulators decide whether to seek corrective action over concerns that the prediction market platform may violate the country’s gambling laws. The Broadcasting, Media and Communications Review Committee said…

South Korea opens hearing process in Polymarket gambling review

6 July 2026 at 14:47
South Korea has delayed any enforcement decision against Polymarket after giving the prediction market platform a chance to respond to concerns that its service may violate the country’s gambling laws. According to the Broadcasting, Media and Communications Review Committee, it…

South Korean consortium completes won based digital currency pilot on Kaia

6 July 2026 at 12:07
South Korean blockchain consortium has completed a proof of concept showing a blockchain-based digital local currency processing payments and settlements in under one second with a reported 100% transaction success rate. According to South Korean news outlet Newsis, the K-STAR…

Upbit rejects Open USD role after stablecoin partner claims

4 July 2026 at 01:47
South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin. According to a statement issued by Upbit, the exchange…

❌
❌