South – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 12 Sep 2025 14:01:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.11 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 South – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Venture Status for Crypto Firms Kicks Off in South Korea on September 16 https://earlybirdsinvest.com/venture-status-for-crypto-firms-kicks-off-in-south-korea-on-september-16/ https://earlybirdsinvest.com/venture-status-for-crypto-firms-kicks-off-in-south-korea-on-september-16/#respond Fri, 12 Sep 2025 14:01:58 +0000 https://earlybirdsinvest.com/venture-status-for-crypto-firms-kicks-off-in-south-korea-on-september-16/

Starting September 16, crypto businesses in South Korea will be able to apply for recognition as venture companies.

This status will give them access to tax benefits and government-backed funding programs that were previously off-limits.

According to a report by KoreaTechDesk, the update follows a Cabinet decision on September 9, where the Ministry of SMEs and Startups approved a change to the Enforcement Decree of the Venture Business Act.

Layer 2 Scaling Solutions Explained With Animations

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

Until now, digital-asset trading platforms and brokerages were blocked from applying. With the restrictions lifted, these firms can compete for the same support given to other tech startups.

South Korea first imposed the ban in October 2018 by citing concerns about speculation in cryptocurrencies. In July 2025, the government announced that it considered lifting the ban and sought feedback from the public and industry specialists.

Authorities expect the new policy to encourage growth not just in trading and brokerage services but also in related areas such as blockchain systems, smart-contract tools, and cybersecurity services.

By bringing crypto firms under the venture framework, the government aims to attract more private investment while maintaining oversight.

Minister Han Seong-sook explained that the ministry’s focus will be on building a transparent and accountable market that can draw venture capital and support new industries.

Recently, South Korea’s Financial Services Commission (FSC) announced plans to submit a stablecoin regulation bill to the National Assembly in October. What does the bill cover? Read the full story.


]]>
https://earlybirdsinvest.com/venture-status-for-crypto-firms-kicks-off-in-south-korea-on-september-16/feed/ 0 58069
How the South became America’s new center of gravity https://earlybirdsinvest.com/how-the-south-became-americas-new-center-of-gravity/ https://earlybirdsinvest.com/how-the-south-became-americas-new-center-of-gravity/#respond Mon, 08 Sep 2025 16:40:10 +0000 https://earlybirdsinvest.com/how-the-south-became-americas-new-center-of-gravity/

Much like migratory birds and retirees, college students are flocking to the South come September. Big state schools with large football programs and robust Greek life, like the University of Alabama or the University of Mississippi, have seen an influx of students from the North; the number of students who left the North to go South for school increased 30 percent between 2018 and 2022.

There are lots of reasons for this change. It could be the fun campus experience, or that Southern campuses relaxed Covid restrictions before their northern counterparts. It could be a change of scenery. It could be that students are getting more bang for their buck at a time when college tuition is at an all-time high. But whether it’s #RushTok or less student loan debt, students are embracing life South of the Mason-Dixon line.

According to Bloomberg senior reporter Amanda Mull, this is just one symptom of a larger embrace of Southern culture. She unpacks those changes on this week’s episode of Explain It to Me, Vox’s weekly call-in podcast.

Below is an excerpt of our conversation with Mull, edited for length and clarity. You can listen to the full episode on Apple Podcasts, Spotify, or wherever you get podcasts. If you’d like to submit a question, send an email to askvox@vox.com or call 1-800-618-8545.

Over time, the South has grown in the American imagination. What first made that possible?

In the 1960s, you see the simultaneous occurrence of political evolution, logistical evolution, and technological evolution.

The political aspect is of course the civil rights movement and the Civil Rights Act, which changed the political possibilities for lots of people in the South. It started to change how the rest of the country viewed the south.

Then you also have the practical shift, which is air conditioning. So in 1956, you get the advent of the American highway program, which built interstates that connected places and parts of the country that were previously difficult to travel between. The South was industrially underdeveloped relative to the Northeast and the Midwest. So the advent of the highway system made it a lot easier for the South to interact commercially with the rest of the country, and made it a lot easier for the South to interact commercially with itself at the end of Jim Crow.

The advent of air conditioning made it possible for lots of different types of businesses to think about the South as a possible location, and made it possible for more people to think about the South as a place they might want to live. This change across time has led us to where we are now, where the population of the South has been growing for decades and is still growing.

Southern states started offering advantages to businesses. What are those advantages, and how has that changed the culture there?

State governments started putting together incentive packages where they pitch themselves both to the business community at large and to specific employers. One way you can really see this happening is Southern states pitching themselves as a union-unfriendly alternative for car manufacturing. You see that especially attracting foreign car manufacturers. American manufacturers have less of a presence in the South, but they have, over the past several decades, moved car manufacturing there because employers saw it as an opportunity to avoid some of the shipping and tariff and logistical problems of cars overseas, but also avoiding paying the higher wages and offering the better working conditions of the Midwest and Northeast, which had been traditionally areas of car manufacturing.

The car business and the movie business are both great examples of how this similar playbook works across industries. Georgia and Louisiana have put together huge tax incentive packages to attract television and movie production. Netflix has a huge complex in Atlanta. A lot of Marvel movies over the past decade have been filmed in Georgia. They pitch themselves as locations where you have a lot of different outdoor landscapes that can stand in for a lot of different places. You have cities, mountains, coastline, and forests.

I want to get into the cultural impact. How has the South impacted mainstream American music?

The rise of Southern hip-hop and the subsequent rise of country music are two sides of the same coin. I don’t want to say that the embrace of country is entirely reactionary. But I do think that some of the interest in explicitly white Southern culture in the past few years is a reaction to the omnipresence of Black Southern creativity, especially in music.

When you look at someone like Morgan Wallen, who is enormously popular among listeners and has also been in the news for doing explicitly racist things, it’s hard to look at that and go, “Okay, this has to be at least part a reaction against Black dominance in music.”

But then you look at other artists who have a more explicitly progressive bent, like Kacey Musgraves and Brandi Carlile, who are sort of challengers to that. And then you also see Beyoncé with Cowboy Carter re-embracing her heritage as a Southerner and questioning some of the tropes and the aesthetics and the sounds of white Southern music. Of course, there’s no such thing as white Southern music. It’s very hard to look at the South and go, “Okay, this is white Southern culture and this is Black Southern culture,” because there are so many cultural overlaps over time.

How does this new embrace of the South make you feel as a Southerner?

I’m of two minds about it. I think that it’s good for Southerners of all stripes, of all races, of all backgrounds, if people look at the South more as a legitimate part of the country and less as a backwater where people are subhuman and inferior. But it’s also strange. It’s really uncanny to see people embrace the aesthetics of the South without contending with what the South is and what it has been and what it means. Because I think that most Southerners do that.

Being from the South requires you to interface with the region’s history in a way that the rest of the country gets to skip if they so choose. And so it’s weird to see people cosplaying as stereotypical Southerners when I know that a lot of them have not really thought about it.

]]>
https://earlybirdsinvest.com/how-the-south-became-americas-new-center-of-gravity/feed/ 0 57416
Tesla Sees $657M Outflows As South Korean Retail Investors Favor Crypto-Related Stocks https://earlybirdsinvest.com/tesla-sees-657m-outflows-as-south-korean-retail-investors-favor-crypto-related-stocks/ https://earlybirdsinvest.com/tesla-sees-657m-outflows-as-south-korean-retail-investors-favor-crypto-related-stocks/#respond Tue, 02 Sep 2025 01:10:13 +0000 https://earlybirdsinvest.com/tesla-sees-657m-outflows-as-south-korean-retail-investors-favor-crypto-related-stocks/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

South Korean retail traders have continued to favor crypto-related stocks instead of high-profile US tech firms amid growing disappointment with companies like Tesla and the global push for digital assets.

Tesla Loses Ground, Bitmine Gains Momentum

On Monday, Bloomberg reported that Tesla stock has lost ground among South Korea’s retail investors, who ramped up their selling during August in favor of crypto-related equities.

According to the report, the electric carmaker company has seen a $1.8 billion exodus over the past four months, suggesting weakening enthusiasm among one of Tesla’s most loyal global retail investor bases.

A 33-year-old retail trader told the news media outlet that the company has been unable “to win people’s hearts” as it has “failed to lead with its own AI narrative.” The investor, who first bought the stock in 2019, sold out earlier this year to focus on equities that currently have more upside.

Bloomberg calculations of depository data revealed that while the company remains the top foreign stock among South Korean retail traders, individual investors sold approximately $657 million of Tesla stock in August, recording the company’s largest outflows since 2019.

In contrast, retail traders in South Korea favored more volatile bets in August, like crypto-related stocks. During this period, investors poured $253 million into Bitmine Immersion Technologies Inc., which is seen as a proxy for Ethereum (ETH).

As reported by Bitcoinist, South Korean investors purchased $259 million worth of Bitmine stock in July, Bloomberg previously highlighted. According to Korea Securities Depository data, this made the company the most purchased foreign security stock.

Korean Investors Pour Millions Into Crypto Stocks

Data from the Korean Center for International Finance (KCIF) showed that the percentage of crypto-linked equities in the top 50 net-bought stocks by local retail investors increased from 8.5% in January to 36.5% in June before dropping to 31.4% in July.

Citing a report from 10x Research, The Korea Times highlighted that individuals have purchased over $12 billion worth of crypto-related stock in 2025, with Bitmine, Circle Internet Group, and Coinbase leading the sector.

Retail investors’ buying spree reportedly intensified last month, as traders poured $426 million into Bitmine, $226 million into Circle, and $183 million into Coinbase. This marks a shift from the leading trend over the past few years, when Korean retail investors poured into US tech giants.

“Korean investors are pouring billions into crypto stocks, reshaping global flows in ways Wall Street can no longer ignore,” the report affirms. Adding that “the push has been amplified by U.S. and Korean stablecoin legislation, creating a powerful backdrop for this surge in capital.”

Amid the global push for digital assets regulation, the institutionalization of won-pegged stablecoins gained significant attention, with President Lee Jae-myung vowing to address it alongside the status of crypto-based exchange-traded funds (ETFs) during his electoral campaign.

Since then, multiple bills related to the issuance and distribution of KRW-pegged stablecoins have been introduced in South Korea’s National Assembly. Nonetheless, the industry has expressed concerns about the disconnect between the industry and South Korean regulators.

On September 1, the nominee for Financial Services Commission (FSC) Chairman Lee Won-eun stated that digital assets “differ from traditional financial products like deposits and securities in that they lack intrinsic value.”

In his written response to the National Assembly’s Political Affairs Committee, Lee also expressed a negative stance on specific policies related to cryptocurrencies, including whether to allow investment in virtual assets through pension and retirement accounts. This raised concerns among multiple industry players that a one-sided regulatory policy may continue.

crypto, ethereum, eth, ethusdt

Ethereum (ETH) trades $4,366 in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

]]>
https://earlybirdsinvest.com/tesla-sees-657m-outflows-as-south-korean-retail-investors-favor-crypto-related-stocks/feed/ 0 56300
South Park Mocks Donald Trump With Crypto Jabs in New Episode https://earlybirdsinvest.com/south-park-mocks-donald-trump-with-crypto-jabs-in-new-episode/ https://earlybirdsinvest.com/south-park-mocks-donald-trump-with-crypto-jabs-in-new-episode/#respond Sat, 23 Aug 2025 22:56:03 +0000 https://earlybirdsinvest.com/south-park-mocks-donald-trump-with-crypto-jabs-in-new-episode/

South Park has turned its attention back to President Donald Trump, this time mixing in jokes about cryptocurrency and artificial intelligence (AI).

The latest episode, Sickofancy, aired on August 20 and featured a mix of political and tech satire.

The story begins with a cannabis farmer whose workers are arrested in an immigration raid. Left without staff, he rebrands his farm as an AI startup.

What is Shiba Inu Coin? (Explained with Animations)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

A ChatGPT-style assistant then suggests he should flatter the president to get cannabis reclassified.

That sets up the main gag of the episode: a parade of technology leaders lining up at the White House to hand President Trump gifts. Spoofed versions of Apple’s Tim Cook, Nvidia’s Jensen Huang, Meta’s Mark Zuckerberg, and others appear.

Before that, characters resembling Sundar Pichai and David Sacks are shown giving him Bitcoin.

These scenes reflect concerns about President Trump’s real-life support for digital assets. His family and businesses have recently expanded into trading services, stablecoins, mining, and tokens. The show connects those ties with the exaggerated image of tech bosses trying to win his approval.

The episode also pokes fun at President Trump’s other policies and public image. Washington, DC, is shown full of National Guard troops after a recent deployment.

Old running jokes also return, including crude portrayals of President Trump and a baby-faced version of Vice President JD Vance.

Recently, Coinbase released a satirical video titled Everything Is Fine. What message does the video convey? Read the full story.


]]>
https://earlybirdsinvest.com/south-park-mocks-donald-trump-with-crypto-jabs-in-new-episode/feed/ 0 54787
South Park is doing what the rest of the media won’t https://earlybirdsinvest.com/south-park-is-doing-what-the-rest-of-the-media-wont/ https://earlybirdsinvest.com/south-park-is-doing-what-the-rest-of-the-media-wont/#respond Sat, 23 Aug 2025 13:46:32 +0000 https://earlybirdsinvest.com/south-park-is-doing-what-the-rest-of-the-media-wont/

South Park is back, and the show’s creators are going full force on their jabs at the Trump administration. Three episodes in, the show’s world-building centers fully around President Donald Trump and the colorful characters in his administration, with scathing parodies of figures like Homeland Security Secretary Kristi Noem and Vice President JD Vance.

While Matt Stone and Trey Parker are known for directing crude jokes at Democrats and Republicans alike, South Park’s latest season is already hitting record ratings with an especially unrestrained critique of the Trump administration. Since the new season launched, White House spokesperson Taylor Rogers has tried to dismiss the jabs, saying that South Park “hasn’t been relevant for over 20 years and is hanging on by a thread with uninspired ideas in a desperate attempt for attention.”

South Park’s latest season is launching in the context of interesting times for Comedy Central’s parent company, Paramount Pictures. Paramount has been under intense scrutiny from the Trump administration after settling a lawsuit with the Trump administration over their news magazine show 60 Minutes. Since then, the Trump administration oversaw Paramount’s deal with Skydance, which requires CBS to hire an ombudsman to root out “bias” at the network.

Today, Explained co-host Sean Rameswaram spoke with Brian Stelter, chief media analyst at CNN, about how South Park’s latest season is taking aim at the Trump administration, and how the show’s creators are navigating the context of their parent company seemingly buckling under the Trump administration’s scrutiny.

Below is an excerpt of their conversation, edited for length and clarity. There’s much more in the full podcast, so listen to Today, Explained wherever you get podcasts, including Apple Podcasts, Pandora, and Spotify.

Are you now, or have you ever been, a fan of South Park?

I would call myself a passive South Park fan. If I saw it on Comedy Central, I would enjoy it. But now, in the past month, I am an active fan. I’m seeking out new episodes.This show has defied the odds. It’s almost 30 years old and suddenly more relevant than ever.

How did it defy the odds?

By speaking truth to the ultimate power right now. You know, the creators of South Park have always hated bullies, and they seem to believe Trump is the biggest bully of them all. The very premise of the first episode of this new season is about Trump targeting the media.The character Eric Cartman is angry that NPR has been forced off the air. From the very first seconds of the new season, you know that this show has something to say.

You also see how South Park Elementary is being transformed due to Trump’s actions. This is a dramatic exaggeration of what’s happening in real life, but it is true. When Trump is introduced in the show, you see him fighting with the Prime Minister of Canada over tariffs. But most memorably you see him getting in bed with Satan.

I’m gonna use some words I don’t typically use on the show right now to describe that particular scene, because Trump derobes. Before you even see who he is about to get into bed with, we see that he has a micro penis. How do they follow that up?

The most ruthless jokes in the second episode were about Kristi Noem. They were about that old scandal involving her shooting a dog on her farm. You saw her over and over again in this episode shooting at dogs. This episode was really personal in the way it targeted Noem, showing her face maybe falling apart, pushing this idea that she was overusing Botox or other face fillers. Also, there’s the idea that she cares so much about photo ops and PR, she’s always out there dressing up in various outfits, posing for photos and videos. And as always, there are elements of truth to these critiques or satires.

It is true that Noem has tried really hard to be front and center, very visible, playing to the cameras, going out on tours, appearing in the field, showing that she’s doing the work, so to speak.

Noem did not take this episode in stride. She said, “It’s so lazy to make fun of women and how they look.” For Noem, this was personal, this was ugly. And she wanted to be on the record about it.

Is this the first time this show has gone after Donald Trump and his administration?

No, but it is by far the most direct, the most vicious. Back during Trump’s first term in office, there was this storyline where one of the teachers at the school, Mr. Garrison, was becoming president and over time acting more and more Trump-like. This served as a way for the creators of South Park to ridicule Trump and to speak out about some of his behaviors and conduct in the first term. But this was not nearly as direct or aggressive as what we’re seeing now.

I guess it’s not that big a surprise that South Park would go after Donald Trump when he is Donald Trumping harder than he is ever Donald Trumped before.
Yes.
But they’re not even sparing their parent company in these new episodes, right?

Matt and Trey are like a lot of creators in that they love to poke fun at the parent company when they can. The timing of this new season has been really extraordinary because Paramount was in the final days of this protracted, politically tortured merger approval process when the new season premiered.

So you literally had this anti-Trump episode, sticking it to the administration, putting the president in bed with Satan, airing on cable at the same time that the administration is having to review and approve this merger.

The second episode of the season aired on a Wednesday, and then on a Thursday the new Paramount took shape. The merged company, Paramount and Skydance, came together. There was this big formal press conference on Thursday around lunchtime in New York City and the new CEO David Ellison took questions from media reporters about his grand hopes and dreams about this new company.

I said to him, “So what about this South Park problem? You know, what are you gonna do about this problem? Do you view it as a problem?” Ellison’s response was really telling. He started out by saying he’s a huge fan of the show. He’s been a fan of South Park for his entire adult life. He’s 42, and he then went on to praise Matt and Trey as being really unique, talented creators. And he said to me, they are equal opportunity offenders, and they always have been.

So I think Ellison was saying: They’re not just targeting Trump because they’re a bunch of lefties who wanna attack the Republicans. They have always called out people on the left and on the right. They’re equal opportunity offenders. I think he was trying to differentiate South Park from late night shows like The Late Show With Stephen Colbert, which was recently canceled. I think he was trying to say, these two creators are special. They are one of a kind, and they’re gonna be protected by Paramount.

Obviously the other context here is the new owners of Paramount had just struck a five-year deal to exclusively stream South Park on the Paramount Plus streaming service. This five-year deal is worth well over a billion dollars. For the creators of South Park and for their production company, this is a huge vote of confidence in South Park as a tent pole of the future of Paramount. The whole idea makes a lot of sense when you think about it. South Park has a library of 325 episodes going back to the 1990s. This is a really valuable library in the streaming era, because people like to go back and watch episodes from 10 or 20 years ago. These episodes have a really long shelf life. That’s why Paramount was willing to fork over so much cash.

I think this might be where some people get confused, because you’ve got everyone from Brown University to Meta to CBS and Paramount settling with the president, making donations to the president’s inaugural committee. And then you’ve got Trey Parker and Matt Stone, who work for CBS or do business with Paramount Plus, not only going for the president, not only making fun of his administration, his own manhood, but making literally a billion dollars while doing it. How are they able to get away with something that seemingly no one else is right now?

This might be a case of business actually trumping politics. For the Paramount Plus streaming service, loud franchises like South Park are crucial. They’re more important now than they were 10 years ago, and they might even be more important 10 years from now.

They are the foundation of the house that David Ellison’s trying to build. and he can’t compromise. The difference here between South Park and Stephen Colbert is that The Late Show was losing money. So, yeah, Stephen Colbert is a staunch critic of President Trump, one of the loudest Trump critics on TV. He’s been canceled. A lot of his fans worry it’s for political reasons. CBS says it’s purely for financial reasons, and in a way, South Park actually affirms the CBS claim.

Paramount keeps putting out press releases touting how well South Park is doing. The show is beating some of its very old records on cable. But more importantly, if you add up the cable audience and the streaming audience, you’re seeing 5, 6, 7 million viewers tuning in for these new episodes. Those are the kinds of numbers that almost any creator would kill for, certainly creators of animated comedies.

]]>
https://earlybirdsinvest.com/south-park-is-doing-what-the-rest-of-the-media-wont/feed/ 0 54725
Won-Pegged Stablecoin Rules Set to Hit South Korea’s Assembly in October https://earlybirdsinvest.com/won-pegged-stablecoin-rules-set-to-hit-south-koreas-assembly-in-october/ https://earlybirdsinvest.com/won-pegged-stablecoin-rules-set-to-hit-south-koreas-assembly-in-october/#respond Mon, 18 Aug 2025 20:43:15 +0000 https://earlybirdsinvest.com/won-pegged-stablecoin-rules-set-to-hit-south-koreas-assembly-in-october/

South Korea’s Financial Services Commission (FSC) is preparing a bill that would set rules for stablecoins tied to the national currency.

The measure is expected to be introduced to the National Assembly in October as part of the second stage of the Virtual Asset User Protection Act, according to local outlet MoneyToday.

The FSC has been working on this framework since 2023 through its virtual asset committee.

What Are Crypto Rollups? ZKSnarks vs Optimistic Rollups (ANIMATED)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

The bill will likely set requirements for stablecoin issuance, how collateral must be managed, and what systems providers should have in place to monitor operations.

Democratic Party representative Park Min-kyu said he had received a briefing on the direction of the plan. He said:

The government bill is expected to be submitted to the National Assembly around October.

Support for a won-backed stablecoin has been building. President Lee Jae-myung promoted the idea during his campaign, and several lawmakers have already filed related proposals.

These include the Digital Asset Basic Act from Representative Min Byung-deok, the Act on the Issuance and Circulation of Value-Stable Digital Assets from Representative Ahn Do-gul, and the Act on Payment Innovation Using Value-Pegged Digital Assets from Representative Kim Eun-hye.

Alongside the legislative process, enforcement actions are taking place. On August 18, Jeju City tax officials began freezing and seizing cryptocurrency from residents suspected of avoiding tax obligations. How? Read the full story.


]]>
https://earlybirdsinvest.com/won-pegged-stablecoin-rules-set-to-hit-south-koreas-assembly-in-october/feed/ 0 53878
South Korea Takes Another Step Toward Crypto Reform Amid Talk of Regulatory Shake-up https://earlybirdsinvest.com/south-korea-takes-another-step-toward-crypto-reform-amid-talk-of-regulatory-shake-up/ https://earlybirdsinvest.com/south-korea-takes-another-step-toward-crypto-reform-amid-talk-of-regulatory-shake-up/#respond Thu, 14 Aug 2025 03:13:34 +0000 https://earlybirdsinvest.com/south-korea-takes-another-step-toward-crypto-reform-amid-talk-of-regulatory-shake-up/

Author

Tim Alper

Author

Tim Alper

About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

Last updated: 


Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

South Korea’s government is set to fast-track pro-business crypto reforms, including stablecoin regulations.

The South Korean newspaper Metro Seoul reported that the Presidential Committee on State Affairs announced its plans at a public briefing on August 13.

South Korea Crypto Reform Taking Shape

The committee spoke of a five-year plan for state administration, naming 123 state affairs-related tasks.

Among these tasks named were “the construction of a digital asset ecosystem” and “developing the domestic cryptoasset market.”

Both were identified as “key national tasks” for the administration, which took office in early June this year following the election of President Lee Jae-myung.

Lee has spoken repeatedly about his intention to build up the domestic crypto sector, with deregulation and stablecoin regulation high on his agenda.

The President appears keen to let domestic firms issue won-pegged stablecoins. Leading banks and IT companies have reacted by registering scores of stablecoin-related trademarks.

Others are hurriedly rolling out crypto-related business plans, aware that this may allow non-financial firms to develop advanced payment platforms.

However, one of President Lee’s key campaign pledges was left off the five-year plan, namely the dissolution of the Financial Services Commission (FSC).

The FSC is the nation’s top financial regulator. Its Financial Intelligence Unit (FIU) polices the country’s crypto exchanges, issuing operating permits and conducting periodic on-site inspections.

It also enforces anti-money laundering and terrorist financing protocols at the trading platforms.

The Government Complex Building in Seoul, South Korea, where South Korea crypto reform is taking a step forward.

FSC: Vociferous Critic No More?

In previous years, the FSC has been a vociferous critic of the crypto sector. But in recent years, as governments have relaxed their hardline stance to the industry, it has spoken in favor of reform.

Under the proposal, FSC’s supervisory duties were to transfer to the Financial Supervisory Service.

The FSC’s policy-related tasks were due to transfer to the Ministry of Strategy and Finance.

But Lee’s plan to scrap the FSC proved controversial, even among senior ministers. While his offices have yet to confirm that the President has shelved the policy, the five-year plan appeared to suggest the proposal may have moved to the back burner.

There was no mention of the regulatory reorganization move on the plan. And seven of the 123 tasks were assigned to the FSC.

The newspaper added that crypto reforms are a “key focus” for both the government and the National Assembly this year.

As such, reforms are “expected to gain momentum” in the weeks ahead, Metro Seoul wrote.

‘Time to Play Catch-up’

Political leaders are concerned that South Korea is being left behind. They note that over the past two years, the global crypto market has expanded by about 262%.

While crypto investment has spiked in the US, the European Union, and Japan, driven by institutionalization drives, the same cannot be said for Seoul. The outlet wrote:

“Delayed institutional reforms and a lack of legislation in South Korea have left the domestic cryptoasset market significantly lagging in terms of competitiveness.”

The FSC has prioritized its plan to allow corporations to buy and sell crypto. It also wants to tak a “more relaxed approach” to regulations.

The regulator has previously spoken of its intention to roll out crypto-related regulations before the end of this year.

However, skeptics say that a final decision on the fate of the FSC is yet to be taken. Talks to abolish the regulator “may resume in the future,” the newspaper explained.

Unnamed financial sector officials opined that the debate over the reorganization of the financial regulators would “continue until the end of the year.”

Earlier this month, the Seoul district of Gangnam announced it had recouped $144,057 in unpaid taxes in the first half of this year by seizing coins from tax evaders.


]]>
https://earlybirdsinvest.com/south-korea-takes-another-step-toward-crypto-reform-amid-talk-of-regulatory-shake-up/feed/ 0 53092
South Korean Investors Shift To Crypto-Related Stocks Amid Stablecoin Push – Report https://earlybirdsinvest.com/south-korean-investors-shift-to-crypto-related-stocks-amid-stablecoin-push-report/ https://earlybirdsinvest.com/south-korean-investors-shift-to-crypto-related-stocks-amid-stablecoin-push-report/#respond Tue, 12 Aug 2025 07:39:28 +0000 https://earlybirdsinvest.com/south-korean-investors-shift-to-crypto-related-stocks-amid-stablecoin-push-report/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

South Korean retail investors have recently shifted their focus when investing in overseas stocks, moving from US big tech stocks to crypto-related equities amid growing global interest in the sector.

South Korean Investors Turn To Crypto Stocks

Over the past few months, South Korean individuals investing in overseas stocks have shifted from US big tech equities to crypto-linked stocks, recent data showed, with a focus on stablecoin-related companies.

Citing data from the Korean Center for International Finance (KCIF), Yonhap News Agency reported that the percentage of crypto-linked equities in the top 50 net-bought stocks by local retail investors increased from 8.5% in January to 36.5% in June before dropping to 31.4% last month.

Meanwhile, net purchases of the top seven US big tech stocks declined nearly 74% from a monthly average of $1.68 billion between January and April to $440 million in May, further dropping to $260 million in July.

According to the report, South Korean investors became net sellers of overseas stocks in May and June but returned to net buying in July with $499 million in purchases. Nonetheless, the new momentum was considerably weaker compared to the $3.8 billion monthly average buying between January and April.

“Since June, the domestic stock market has outperformed overseas markets, while the local currency has strengthened, prompting individual investors to withdraw their investments from foreign markets,” Yonhap News Agency noted, citing the KCIF report.

On Monday, Bloomberg also highlighted that South Korean retail investors have flocked to BitMine Immersion Technologies over the past month, as investors “continue to be drawn to the kind of high-risk, high-reward opportunities on offer in crypto.”

The news media outlet reported that local retail investors have poured $259 million into Bitmine stocks since the start of July. According to Korea Securities Depository data, this made the company the most purchased foreign security stock during that period.

Notably, BitMine is a Bitcoin and Ethereum Network Company “with a focus on the accumulation of Crypto for long-term investment.” It recently became the largest ETH treasury in the world and the third-largest crypto treasury globally, with its holdings surpassing 1.15 million ETH, valued at $4.96 billion at current prices.

Retail Shift Fueled By Stablecoin Momentum

According to the KCIF report, the surge in crypto-related equities, and particularly stocks related to stablecoins, follows the passage of landmark crypto legislation in the US. President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law last month, setting a framework for much-needed stablecoin regulation and innovation in the country.

Amid the US push, stablecoins have also seen growing momentum in several jurisdictions, including South Korea. In June, a member of the Democratic Party of Korea (DPK) proposed a comprehensive legislation to establish a more structured regulatory framework for crypto assets in the country, which included a licensing system for stablecoin issuers.

In July, South Korea’s ruling and opposition parties also proposed rival bills to establish a regulatory framework for digital assets pegged to the Korean Won (KRW) to advance the ongoing efforts to institutionalize the sector.

As reported by Bitcoinist, the banking sector is preparing for the upcoming legislation, studying two legalization scenarios, as it remains unclear whether non-bank entities will be allowed to be stablecoin issuers.

The financial institutions are also considering a business model in which banks establish a joint venture to collectively issue stablecoins, and have reportedly contacted various non-bank companies to prepare for the legalization and issuance of KRW-pegged digital assets.

crypto, ETH, ETHUSDT, Ethereum

Ethereum (ETH) trades at $4,275 in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

]]>
https://earlybirdsinvest.com/south-korean-investors-shift-to-crypto-related-stocks-amid-stablecoin-push-report/feed/ 0 52788
Ethereum Breaks New ATH in Japan and South Korea Following Surging Institutional Adoption https://earlybirdsinvest.com/ethereum-breaks-new-ath-in-japan-and-south-korea-following-surging-institutional-adoption/ https://earlybirdsinvest.com/ethereum-breaks-new-ath-in-japan-and-south-korea-following-surging-institutional-adoption/#respond Mon, 11 Aug 2025 15:54:30 +0000 https://earlybirdsinvest.com/ethereum-breaks-new-ath-in-japan-and-south-korea-following-surging-institutional-adoption/

Ethereum breaks new ATH in Japan and Korea, reaching 639,455 yen and surpassing the previous record of 632,954 yen, dating from December 17, 2024.

A similar event took place in South Korea, where $ETH reached 5,971,000 won, beating the previous record of 5.9M won from December 2021.

The sudden surge is unlikely to be the effect of the changing exchange rate, which is known to influence the crypto market, because both the yen and the won appreciated against the US dollar.

Normally, this would suggest that crypto prices should go down, except the Japanese and the South Korean markets experienced the opposite. The only other explanation is an increase in local demand.

But what’s the driving force behind the surge in investor interest?

Growing Institutional Adoption Driving Ethereum Up

The likeliest explanation for $ETH’s record performance on the Asian markets is the growing institutional adoption at the global level, with companies like Bitmine leading the pack with an iron hand.

Bitmine has the largest Ethereum treasury, worth over $2.9B, with Chairman Thomas Lee stating that:

So, not only is Bitmine the largest $ETH player, but it plans to keep staking Ethereum for the foreseeable future, taking a page out of Strategy’s playbook, the largest Bitcoin holder in the world, with 628,946 $BTC, worth over 75$.

Trump’s recent executive order, which allows crypto into the 401(k) plans, also played a critical role in pushing $ETH up the food chain.

$ETH trades at $4,173 right now, but the growing interest in the Asian markets could force a bullish trend globally, fueling the entire ERC-20 ecosystem.

If and when that happens, keep your eye on the following three projects, which show the highest growth potential in 2025.

1. Snorter Token ($SNORT) – Multi-Chain Token Sniper That Rewards Opportunistic Traders

Snorter Token ($SNORT) is a Solana/Ethereum-based project that introduces the Snorter Bot, the opportunistic trader’s best friend.

The Snorter Bot tracks down and snipes hot tokens milliseconds after liquidity becomes available, making it more reactive and effective even than UIs like Pump Fun, Raydium, and Jupiter.

Snorter Bot presale page

The Bot solves most problems associated with manual coin hunting, which include the risk of scams like honeypots and rug pulls, as well as the high entry-level tech knowledge requirement.

As a novice trader, you only need to learn how to customize the Bot to your liking, enabling its real-time alerts to protect against suspicious projects and setting up the specifics. The Bot will do the rest.

Snorter Bot is the ideal trading partner for beginners and professional traders, helping you target hot assets before they lose steam.

$SNORT powers the ecosystem with the help of a $2.9M presale and a price of $0.1009.

Given the project’s long-term potential, this may be the perfect time to invest. Our analysts predict a $1.02 $SNORT by the end of 2025, for a 910% growth.

2030 could see $SNORT pushing up to $1.50 or higher, depending on the mainstream appeal and implementation.

You can buy your $SNORT today by going to the presale page and following the steps.

2. Dogecoin ($DOGE) – The Friendly Shiba Dog Leading the Meme Market

Dogecoin ($DOGE) is the world’s most popular and beloved Shiba-dog-turned-meme, sitting at the forefront of the meme market.

While it started as a purebred meme coin, Dogecoin soon gained blockchain utility as peer-to-peer currency.

Dogecoin official website

Today, you can spend $DOGE in online shops with third-party providers like Bitpay and Coinbase. The Dogecoin Foundation plans to expand on that and turn

$DOGE into people’s coin, pushing it into the mainstream even more, if that’s even possible.

$DOGE is backpedalling now, trading at $0.2291, witnessing a small contraction over the past 24 hours. However, this comes after a 12.75% push over the past week, which could paint this minor seatback as a buy signal.

Especially since analysts like Ali Martinez predict another bull run, similar to 2021’s ATH, when $DOGE experienced a 13,000% pump.

If you want to join the $DOGE run, go to your favorite exchange and refill your portfolio today.

3. Bitcoin Hyper ($HYPER) – Bitcoin’s Layer 2 Upgrade Promising Solana-Level Network Performance

Bitcoin Hyper ($HYPER) is Bitcoin’s official Layer 2 upgrade that promises a Solana level performance boost with the help of tools like the Canonical Bridge and Solana Virtual Machine (SVM.)

How Bitcoin Hyper works

The Canonical Bridge connects the Bitcoin ecosystem to Hyper, minting wrapped Bitcoin into the Layer 2 in numbers equivalent to what the users deposit into the Bitcoin network. The Bitcoin Relay Program is the main transaction validator, ensuring fast throughput.

The Canonical Bridge decongests the Bitcoin network and enables near-instant finality, aside from supporting complex DeFi operations like DEXs and staking.

The Solana Virtual Machine (SVM) enables lightning-fast execution for DeFi apps and smart contracts for Solana-level throughput and scalability.

These tools aim to lift Bitcoin’s traffic cap, currently at 7 transactions per second (TPS), and bring it more in line with modern standards. By comparison, Solana works with 2,909 TPS.

$HYPER is in presale now and has already accumulated over $8.3M, making it one of the most successful presales of 2025. Based on the project’s long-term goals, our analysts predict a 2025 price point of $0.02595 by the end of 2025.

A five-year prediction could place $HYPER at $0.253 if Hyper sees successful implementation and growing adoption.

If you want to support Hyper or simply aim to diversify your portfolio, go to the presale page and buy your $HYPER today.

$ETH Bull Incoming?

$ETH is stable now, but the asset’s performance in the Asian markets can soon reach the Western shores. Especially in the pro-crypto context created by Trump’s 401(k) order and the GENIUS Act as the modern foundation of the new crypto financial system.

More importantly, Bitcoin is still bullish, and if it rallies to another ATH, we could expect the entire market to rally, with projects like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER) seeing increased interest.

This isn’t financial advice. Do your own research (DYOR) and invest wisely.

]]>
https://earlybirdsinvest.com/ethereum-breaks-new-ath-in-japan-and-south-korea-following-surging-institutional-adoption/feed/ 0 52675
Why are countries like Spain and South Korea increasing their foreign aid budgets? https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/ https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/#respond Sun, 03 Aug 2025 11:12:14 +0000 https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/

If the world has had enough of helping others, then somebody forgot to tell Spain.

Yes, Spain. The same country that, a little more than a decade ago, desperately accepted billions in bailout money from its European neighbors to keep its economy afloat. That Spain is now doing something almost unthinkable. It’s ramping up aid spending just as the United States notoriously retreats. And in the process, Spain is trying to remind the world why we give back in the first place.

The US Agency for International Development (USAID) — the world’s largest humanitarian aid donor by far, whose work in recent years saved upward of a million lives per year — was officially dismantled earlier this month. Its scattered remains were subsumed by the State Department and its empty headquarters given to the FBI. But America isn’t the only one putting itself first these days. The UK, France, Belgium, and Germany all slashed their development budgets this year thanks to a wave of right-wing populism painting foreign aid as an unnecessary expense against the national interest.

The crisis is steep. The pot of money going to global development is set to shrink by 17 percent, or $35 billion, in 2025, on top of a $21 billion drop the year before, according to the Organization for Economic Cooperation and Development. That’s a $56 billion funding vacuum where global aid for mosquito nets, vaccine research, and food assistance used to be. And the declines are likely to become even steeper in the years ahead, as cuts in the US take full effect.

But while President Donald Trump was gutting USAID, Spain made moves to rebuild its aid agency and committed to more than doubling its aid budget by 2030. Nor is it alone: Ireland, South Korea, and Italy also all made recent pledges to boost their foreign aid budgets.

It’s far from enough to fill the foreign aid gap, however. And while the pain will fall primarily on impoverished recipient countries, foreign aid doesn’t just help the countries that receive it. It helps everyone.

Diseases and conflict don’t recognize legal borders and aid helps keep these deadly problems at bay. Every $100 million spent on preventing tuberculosis, HIV, and malaria helps prevent about 2.2 million new infections total. And global cuts are already expected to exacerbate the spread of diseases; former USAID officials anticipate cuts from the US alone could cause 28,000 new cases of infectious diseases like Ebola and Marburg each year. “Even if you’re in this isolationist mindset, you can’t actually isolate yourself from the rest of the world,” said Rachael Calleja, a research fellow at the Center for Global Development.

The fact that some countries have managed to fight the impulse to isolate — convincing their citizens that problems abroad are interconnected with our problems at home — could help reshape the future of aid for the better. Their decisions point to the possibility of a new future for foreign aid that could be more collaborative and less paternalistic than before.

Aid has long been dominated by a small club of wealthy nations — chief among them the United States, Germany, and the United Kingdom — that give the most, and in doing so, set the tone for how to help the rest of the world. Too often these well-intentioned solutions perpetuated the same exploitative power dynamics that made poor countries poor and one-time colonial powers like Spain and Italy rich in the first place. Western aid often comes with strings attached, like forcing Mali to privatize its cotton industry or requiring that funds be spent on consultants and supplies from the donor country — even though such policies have been shown to make aid less effective and much more expensive.

Ready or not, the old club’s grip on global influence is now breaking down.

”Nobody who works in development sat around saying, ‘The system is great. We’re awesome. Let’s just spend more money to do more of the same,’” said Dean Karlan, who was, until recently, the chief economist at USAID. “There is a blank slate. Let’s put in place a better system.”

Why are some countries bucking the trend?

Spain, Ireland, Italy, and South Korea are all increasing aid — but most have a lot of room for growth.

The United Nations set a lofty goal in the 1970s for wealthy countries to give away 0.7 percent of their gross national income (GNI) as development assistance. Half a century later, almost none do.

That includes this year’s overachievers. Ireland spent 0.57 percent of its GNI — $2.47 billion — on development aid last year. Spain spent 0.25 percent or $4.35 billion, and Italy, 0.28 percent or $6.67 billion. South Korea spent 0.21 percent or $3.94 billion.

It’s not a lot, especially compared to the $63.3 billion the US spent in 2024, although that only added up to 0.22 percent of its GNI. But these countries are moving forward at a time when everyone else seems to be moving backward. According to the global development consultancy SEEK Development’s donor tracker, the US is now projected to spend just 0.13 percent of its GNI on overseas aid this year.

There is a growing recognition that someone has to fill the gaps left by the US, but everybody balks at the price tag, Arturo Angulo Urarte, a Madrid-based development expert, said in Spanish. “It’s like, ‘Yes, but gosh, and how much does that mean? Oh, it means money? Well, then no.’”

Spain’s aid increase, however, has been a long time coming. Spanish activists launched a kind of Occupy Wall Street in favor of overseas aid back in the 1990s. A group of global development workers and grassroots activists staged hunger strikes and protest encampments, chaining themselves to government buildings to demand that Spain give at least 0.7 percent of its GNI to aid. At the time, Spain was giving around 0.24 percent of its GNI to aid, but the protests helped propel the country to double its commitment to a high of nearly 0.5 percent in 2008.

Then the 2008 economic turmoil left Spain once again with a wisp of an foreign aid budget. By the time its economy crawled closer to pre-crisis levels in 2015, its development spending had cratered to 0.12 percent of GNI.

But the idea of Spain becoming a bigger player in global development never really left the public consciousness, remaining broadly popular even during the country’s worst financial straits. In 2023 the country passed a law promising to rebuild its aid agency and bump up spending to 0.7 percent of GNI by 2030 — effectively tripling its current rate.

Spain has since increased its aid budget to about 0.25 percent of its GNI, or $4.4 billion last year — roughly $490 million more than it spent the year prior at 0.24 percent of its GNI — and says it will continue to give more in the year ahead. That’s more money for climate resilience projects in Morocco and Algeria, LGBTQ rights in Paraguay, and HPV vaccine campaigns across Latin America and the Caribbean.

A mother living with HIV since 2017 visits Kuoyo Sub-county Hospital with her child to collect their medications, on April 24, 2025 in Kisumu, Kenya.

A mother living with HIV since 2017 visits Kuoyo Sub-county Hospital with her child to collect their medications, on April 24, 2025 in Kisumu, Kenya.
Michel Lunanga/Getty Images

The dismantling of USAID has destroyed longstanding and hard-won infrastructure for implementing aid programs, especially in critical areas like HIV prevention. There’s little that anyone can do to bring that infrastructure back, but countries like Spain, Ireland, or South Korea have been able to uplift and increase funding to the initiatives most affected by the cuts, like Gavi, the international vaccine alliance, and the Global Fund to Fight AIDS, Tuberculosis and Malaria.

Ireland also aims to increase its aid spending to 0.7 percent of GNI by 2030. It inched closer to that goal this year by boosting its development budget by about $40 million to $925 million. “We wouldn’t expect Ireland to be able to fill the USAID gap in any shape or form,” Jane-Ann McKenna, who heads Dóchas, an umbrella group for Irish development organizations, said. “But that’s where our positioning and our voice becomes more important.”

That said, foreign aid has always been about more than just charity. It’s a geopolitical tool that countries have used for decades to win friends and influence people.

It’s no coincidence that, according to a 2006 study, US aid increased about 59 percent to nations when they temporarily joined the UN Security Council. The birth of PEPFAR — the HIV/AIDS program that saves around a million lives per year, which makes it perhaps America’s most effective ever form of foreign aid — helped boost public opinion of the US across sub-Saharan Africa. Much of Italy’s recent aid budget has gone to its $6 billion Mattei Plan in Africa, which aims to collaboratively influence the continent’s energy development and migration flows, but which some critics contend recreates old colonial patterns by relying too heavily on European priorities — not local expertise — to decide where the money ought to go and how its vision should take shape.

But if you take countries like Ireland and Spain at their word, their approach to foreign aid is not just about soft power anymore. These countries also have something in common that can differentiate them from other larger donors: recent histories of underdevelopment. Some of the newcomers might have been aid recipients rather than donors just a few decades ago.

South Korea received billions in foreign aid in the decades after the Korean War, which helped it grow to the point where it became the first former recipient to join OECD’s forum for major aid providers in 2010. Spain’s wealthier neighbors offered the country major financial support when it began integrating with Europe in the 1980s in the aftermath of the Franco dictatorship.

That dynamic can make it easier, Calleja says, to empathize with others who need aid today. (Though let’s not forget that Spain once colonized much of Latin America and the Caribbean — places that now receive the bulk of Spanish foreign aid — and therefore laid the groundwork for many patterns of exploitation and inequality there that its aid now seeks to resolve.)

Ireland was never a colonizer, but was once colonized itself by Britain. That legacy, McKenna said, means that many Irish people are passionate about human rights abroad and highly supportive of overseas aid.

“We have the history of the famine and we’ve had conflict on the island and we’ve had to engage in a whole peace process ourselves,” McKenna explained. “That’s there in the background of all of our psyches.”

As these smaller players like to say, it’s about “solidarity.” Spain’s own development agency’s four-year plan mentions the word solidarity 84 times. It explicitly calls for a move away from the old model, where wealthy nations dictated terms to grateful recipients, and toward a more equitable and collaborative model built on shared priorities and mutual respect.

Of course, not everybody is buying it.

Henry Morales is an economist and director of the Movimiento Tzuk Kim-Pop, a Guatemalan human rights group. He let out a little laugh when I asked him about Spain’s solidarity plan. After all, he’s seen foreign funders renege on their promises before.

He’s seen European powers pledge numerous times to do more to promote climate resilience in low-income countries before watching them give up when the politics become too difficult. Spain’s plan for development stresses that it aims to approach its funding priorities — like combating climate change and promoting gender equality — from a place of consistency and genuine partnership, the kind that can’t be abandoned on a whim when a new government takes power.

Whether Spain’s plan represents a form of global reparations or just colonialism with better PR remains to be seen, he said, but regardless, the old top-down model is clearly cracking.

Countries who receive aid now want “a voice and a vote, so that the decisions are no longer made by a private club of the big donors, the big traditional financiers,” he said. “But by debates and global agreements that are much more transparent and much more democratic.”

Fifty countries in the Global South now have their own agencies to exchange ideas, technical advice, and reciprocal funds for solving poverty, fighting climate change, and improving education.

Ensuring that recipients have a big say in how aid gets around is not only good for building a better, more democratic system — it can also make it much more efficient. According to Vox’s previous reporting in 2022, aid programs tend to work better when people from the countries they’re targeting play a big role in directing how and where the money’s used. Morales thinks that kind of collaboration is the real future of aid, which he prefers to see not as charity but as “simply the fair distribution of wealth.”

He’s not the only one who thinks so. The director-general of the World Trade Organization, Ngozi Okonjo-Iweala, called foreign aid “a thing of the past” at a meeting with African leaders in February.

For his part, Karlan, the former USAID economist, doesn’t think USAID will ever come back as the acronym or institution it once was, and although that’s mostly a very bad thing, he sees a flicker of opportunity.

Still, he isn’t sure if he believes that a real change to the aid paradigm is afoot. “Solidarity strikes me as a little bit of a softer way of saying soft power,” he mused, even if countries like Spain or Ireland aren’t necessarily “looking for flyover rights for the military.”

What he is sure of is that the US is moving in a very different direction. If Spain’s soft power is softening, then the United States’ is calcifying into something more toxic, more transactional, and — as Karlan likes to add — less efficient than before.

“Imagine a marriage in which you never did something considerate for your partner just because you cared about them,” he said. Instead, everything is a negotiation. “That isn’t a healthy relationship. What we’re risking is losing these long-term relationships, those long-term friendships.”

By the time the US is ready to reopen the door on them, it may find a world that has already moved on.

]]>
https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/feed/ 0 51228