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Reporter : Lee Min-hyung
Wed, September 27, 2023 | 23:59
Prosecution chief vows stern punishment for market manipulation
Prosecutor General Lee One-seok has vowed to root out stock market manipulation by introducing tougher punishments and confiscating illegal gains from unfair traders.
Naver, Kakao fail to regain glory on earnings slowdown
Shares of Naver and Kakao - two representative internet stocks here - are losing almost all of their pandemic gains amid a pessimistic outlook on their earnings growth.
Brokerages' real estate asset values plunge amid freezing sentiment
The real estate assets of securities firms here have plunged in value over the past year amid continued market downturn caused by a hawkish cycle of rate hikes, data showed.
Dunamu's Stockplus launches ChatGPT-powered AI service
Stockplus, a stock investment platform operated by Dunamu, has introduced an interactive artificial intelligence (AI) chatbot service using ChatGPT that allows investors to receive real-time investment information more accurately.
Investors discuss future of financial industry at ICSA 2023
Members of the International Council of Securities Associations (ICSA) stressed the dire need to alleviate post-pandemic global financial risks posed by escalating macroeconomic uncertainties here and abroad. A group of 300 members of the ICSA and Korea Financial Investment Association (KOFIA) discussed the agenda of breaking through the ongoing financial volatility on the si...
Manipulation scandals dampen securities firms' plan to become mega investment banks
A group of securities firms that are eligible to apply for licenses to become super-large investment banks are moving to delay their plans amid unceasing stock manipulation scandals triggered by sales of risky derivatives. Only five major brokerage houses - Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities, KB Securities and Samsung Securities ...
Defense stocks soar on growing arms exports, NK missile threats
Shares of major defense companies have extended a surprising winning streak this year on growing arms exports to Europe and escalating geopolitical uncertainties on the Korean Peninsula following North Korea's repeated missile threats.
Korean financial firms make inroads into Southeast Asian market
Financial companies here are in a rush to expand their presence in Southeast Asia amid the toughening rivalry that is prevalent in the domestic market. KakaoBank, the nation's leading internet-only bank, has recently signed a partnership with SCBX of Thailand. The latter is one of the country's leading financial groups, rapidly expanding its investment in the area of financia...
KB Financial's debate tournament expands to Indonesia
KB Financial Group will hold a debate tournament with college students from Indonesia in celebration of the 50th anniversary of Korea's diplomatic relations with the Southeast Asian country.
BTS 10th anniversary celebration to supercharge domestic economy
The 10th anniversary of BTS is expected to have a massive economic effect here, as more foreign tourists visit Seoul and expand spending during the two-week-long 2023 BTS Festa.