TechFlow News, May 19: According to the Korea Economic Daily, Bumo Sarang, South Korea’s seventh-largest pension relief company, invested 59.5 billion KRW of its operating capital last year in Bitmine, an Ethereum-themed stock, via a daily double-leveraged ETF—and incurred losses amounting to 49.3 billion KRW (approximately USD 32.73 million). A comprehensive review of the 2025 audit reports from 75 pension relief companies revealed that 42.7% of these firms hold total assets lower than the prepaid funds they owe to customers—meaning they would be unable to fully refund all customers if all were to terminate their contracts simultaneously.
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