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Reporter : Anna J. Park
Mon, September 27, 2021 | 00:49
Crypto market reorganized with 'Big 4' exchanges
The nation's cryptocurrency market is undergoing a major reorganization with only the top four coin exchanges - Upbit, Bithumb, Coinone and Korbit - having secured partnerships with local commercial banks for the use of real-name accounts by investors. Of the 29 coin exchanges that have completed their registration, required by a revision to the Act on Reporting and Using Spe...
Upbit crypto exchange operator Dunamu joins ranks of Korea's 'decacorns'
Dunamu, the operator of cryptocurrency exchange Upbit has joined the elite ranks of Korea's “decacorns,” or a startup company valued at over 10 trillion won ($10 billion), which include e-commerce giant Coupang and leisure reservation app Yanolja.
'KOSPI, Kosdaq to be trapped in boxed ranges until Q3': analysts
After a three-day break for to the Chuseok holiday period, the benchmark KOSPI closed on a slight decline Thursday at 3,127.58 points, a 0.41 percent fall from last Friday.
Chang Ha-joon joins AIIB's International Advisory Panel
University of Cambridge professor Chang Ha-joon, 58, was one of six new members appointed to the International Advisory Panel (IAP) of the Asia Infrastructure Investment Bank (AIIB).
Ridi attracts pre-IPO investment worth of W200 billion
Ridi, the operator of the country's largest e-book business Ridibooks, is set to attract a 200 billion won ($170 million) pre-IPO investment later this year, boosting its estimated value to around 1 trillion won during its pre-listing phase.
Hyundai Heavy Industries takes top market cap position among shipbuilders
The debut of Hyundai Heavy Industries on the KOSPI was quite a roller coaster ride. The initial price of the newly offered shares hit 111,000 won ($94.32) at the beginning of the trading session, 85 percent higher than the stock allotment offering price of 60,000 won. After trading started at 111,000 won at 9 a.m., the price nosedived to 91,000 won, an 18 percent fall, after ...
Concerns about Samsung SDI spin-off lead to Thursday's price drop
Samsung SDI's stock price fell by 3.33 percent on Thursday, reflecting the market's concerns over the possible spin-off of the firm's lucrative battery business unit.
Fractional trading of Korean stocks to be allowed from late 2022
Fractional trading of Korean shares will be possible from the second half of 2022. Fractional share trading means an investor owns a fraction or a portion of a company's share, instead of a full share. The Financial Services Commission announced Sunday that it aims to change the system to introduce fractional trading for Korean stocks by the second half of next year.
FSS in dilemma over court ruling favoring Woori CEO
Market watchers are closely paying attention to whether the Financial Supervisory Service (FSS) will decide to file an appeal with a higher court regarding a lower court trial result that annulled the punishment it imposed on Woori Financial Group CEO Son Tae-seung over the improper selling of high-risk derivative-linked funds (DLFs).
[ANALYSIS] Kakao, Naver stocks continue to nosedive over regulatory concerns
Thursday was another day of free fall for Kakao and Naver with their share prices closing at 128,500 won ($109) and 399,000 won, respectively, falling 7.22 percent and 2.56 percent from the previous session.
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