KOSDAQ index rose 0.7% to 1063.75 driven by retail investors. Pharmaceutical biotech stocks like Alteogen and Samchundang Pharm surged, while optical communication and telecom equipment stocks rallied significantly amid positive market sentiment.
Caregen showcased its pipeline and technologies at CPHI Korea 2025, featuring Korglutide, an oral health product targeting GLP-1 and IGF-1 receptors for weight loss without muscle loss.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.