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On December 18th, NIO Energy and Zhongan Energy jointly announced that the first batch of 50 charging and battery swapping stations jointly built by them have been put into operation in Anhui Province. This is a significant step forward in deepening the strategic cooperation between the two parties and an important milestone for NIO Energys open ecosystem and collaborative development. In August 2024, NIO Energy launched the "Powering Partner" program. To date, it has jointly built nearly 200 charging and battery swapping stations with partners including 35 urban investment and transportation investment companies in 25 provinces and cities, marking a new stage of large-scale implementation in industry collaboration.According to the Globe and Mail, Eli Lilly will reduce the price of four-cycle supply (2.5 mg and 5 mg doses) of Mountaro and Zepbound in Canada to $300.Piper Jaffray: Raises its price target for Micron Technology (MU.O) from $200 to $275.December 18th - From the end of 2024 to the beginning of 2025, bond market interest rates experienced a rapid and significant decline, resulting in over-pricing of monetary policy easing and weakening fundamentals. Following the interest rate cut in May 2025, the 10-year Treasury bond yield did not decline significantly and continued to rise in the second half of the year despite minimal marginal changes in fundamentals, to some extent correcting the previous over-pricing. Looking ahead to 2026, the impact of monetary policy is expected to be more neutral, with marginal improvements in fundamentals gradually becoming the main logic for bond market interest rate pricing. Considering the diversion of funds from the bond market due to new regulations on mutual funds and the rectification of wealth management valuations, the 10-year Treasury bond yield is more likely to shift slightly upward, mainly operating within the 1.6%-2.0% range.The USD/KRW pair rose, last trading at 1477.65, after South Korea relaxed its capital controls on overseas dollar lending.

ICO Market Revival Imminent in Crypto South Korean

Jimmy Khan

May 09, 2022 09:57

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Initial coin offers (ICO) are once again making headlines in South Korea. Since 2017, South Korea has had an ICO prohibition in place.


The South Korean Presidential Election this year used digital assets. President-elect Yoon targeted young voters in March by minting NFTs on the AERGO blockchain for 50,000 Korean Won apiece.


The South Korean government is examining additional sectors of the digital asset industry to foster innovation after Yoon's election victory.

Government of South Korea Plans The 2017 ICO Ban Has Been Lifted

The Presidential Transition Committee of South Korea unveiled a new crypto framework last week. The Digital Asset Framework Act aims to increase investor confidence and development in the digital asset industry to encourage innovation and growth.


The government intends to introduce two types of ICOs, security and non-security, according to the article.


"ICOs need a reexamination according to the appropriate financial reporting rules," Do Gyu-sang, deputy head of South Korea's Financial Services Commission (FSC), said in the study.


"We cannot postpone the ICO any longer," Do allegedly remarked. The Capital Markets Act must incorporate the Initial Coin Offering (ICO). To do so, we'll have to go through several clauses again and consider how they relate to the (Virtual Industrial Rights Act) legislation or special law."


The announcement came as South Korea prepared to impose a 20% tax on crypto capital gains of more over 2.5 million won.


South Korea officially banned initial coin offerings (ICOs) in September 2017. (ICO). The prohibition was huge news at the time. Initial coin offers (ICOs) were the most common way for cryptocurrency firms to generate funding.


Cybercriminals ruined an efficient tool for genuine entrepreneurs to obtain funds during the ICO boom.


For entrepreneurs, ICOs were appealing because they eliminated the need for middlemen. Native coins might be purchased at a discount for investors.


The growth in scams was of more concern to the South Korean authorities and even the Chinese government, which imposed a ban before South Korea.


There has been talk about the crypto capital gains tax since Yoon's inauguration on Tuesday, May 10.


South Korea intends to postpone the implementation of a harsh cryptocurrency tax.


According to Reuters, South Korea's crypto tax will be delayed by one year, until January 2023. The National Assembly is said to have enacted a law deferring the capital gains tax on cryptocurrency trading for a year.


The South Korean administration is apparently intending to postpone the crypto tax even longer.

South Korea might become a hotspot for digital assets and innovation if the ICO market is reopened and the 20 percent crypto capital gains tax is removed. Other jurisdictions have enacted more restrictive policies, which may need to be revisited.


Cardano (ADA), EOS (EOS), Ethereum (ETH), and NEO are among the most successful ICOs in terms of Return on Investment (ROI) (NEO). In comparison to the current price of $2,669, the ICO price for ETH was $0.311.

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