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Reporter : Anna J. Park
Sun, October 24, 2021 | 05:17
Bithumb Korea rakes in profits from 'Squid Game'-related stocks
Bithumb Korea, one of the major cryptocurrency exchanges headquartered in Korea, has made a more than 100-percent profit from its investment into local media firm Bucket STUDIO, which is related to Netflix's latest global hit drama, “Squid Game.”
'Living with COVID-19' to further boost travel and leisure stocks
Despite their recent selling spree, major local institutional investors, including asset managers and pension funds, continue to net-purchase domestic stocks related to travel and leisure activities, as they expect the so-called “living with COVID-19” themed stocks to lead possible upward movement in the near future.
Local financial institutions curtail overseas real estate holdings
Before the COVID-19 pandemic impacted the global economy, overseas real estate or infrastructure investments were considered by local institutional investors as safe alternatives ensuring high returns amid ultra-low interest rates.
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.
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