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Reporter : Lee Yeon-woo
Tue, February 27, 2024 | 10:15
Merger of Naver, Kakao-issued coins excites investors
The excitement among 'kimchi coin' investors is rising as two major coins, issued by Naver and Kakao, respectively, have recently announced a merger to boost their competitiveness in the global market.
Retail investors become key issue ahead of Korea's general elections
Prominent in the discussions leading up to the general elections this April are political promises targeting the nation's 14 million retail investors, seeking to attract their support.
Bitcoin falters after ETF approval
Despite the approval of the much-waited bitcoin exchange-traded funds (ETFs), its value is continuing on a downward trend. This deviates from market expectations that the price would continue to soar due to an influx of institutional investments.
Korean investors bet big on Japanese stocks as Nikkei 225 soars
While Korea's main bourse KOSPI has been performing sluggishly since the beginning of this year, Japan's Nikkei 225 index has been demonstrating a strong upward trend, setting new records day-by-day.
KakaoBank launches fund sales service
KakaoBank said Tuesday that it began selling six mutual fund products. This is the first time for an internet-only bank in Korea to launch such a service.
[INTERVIEW] Fintech CEO strives to transform home rental culture in Korea
According to the housing platform Station 3, the average monthly rent for studio apartments in the vicinity of major universities in Seoul was 590,000 ($449.18) won in 2023, in addition to a deposit of 10 million won.
Regulator's hesitance over bitcoin ETFs triggers controversy
Despite the considerable anticipation among retail investors, it is unlikely that bitcoin exchange-traded funds (ETFs) will be available for purchase or brokerage in Korea for the foreseeable future.
Mirae Asset's Canadian ETF unit achieves ninefold growth in assets
Mirae Asset Global Investments' Canadian subsidiary, Horizons ETFs, saw its assets under management (AUM) surpass $22.8 billion, the company said Friday.
Kakao Pay benefits from influx of foreign tourists after pandemic
Kakao Pay's transactions involving foreign tourists in Korea experienced a 14-fold surge within a year. This increase is attributed to the growing number of foreign tourists and the expansion of the mobile payment system's offline affiliates.
Align Partners pushes for enhanced shareholder returns at JB Financial Group
As the regular shareholder meeting season approaches, Align Partners, a prominent activist fund in the local market, has intensified its shareholder activism by recommending five candidates for JB Financial Group's board.
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