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Reporter : Lee Min-hyung
Fri, September 22, 2023 | 01:59
Defense ETFs top profitability on Korea-US summit
Defense stocks are displaying a robust rally on hopes for more arms exports following the recent Korea-United States summit. Continued geopolitical uncertainty in Europe is also escalating hopes that Korean defense firms may win more orders there.
Upbit promotes Korean digital asset market at US blockchain fair
Upbit, the nation's largest crypto exchange, is participating in the world's largest blockchain fair, Consensus 2023, in the United States, as part of efforts to introduce Korea's digital assets market to its global counterparts.
Toss chief meets PayPal CEO on Yoon's state visit to US
Lee Seung-gun, founder and CEO of Viva Republica, met with PayPal CEO Dan Schulman on Tuesday while accompanying President Yoon Suk Yeol on his state visit to the United States. Viva Republica is one of Korea's fastest-growing fintech startups, operating money transfer app Toss. In 2017, a consortium of investors, including PayPal Ventures, invested $48 million (64.3 billion ...
Samsung Life slapped with warning for poor internal controls
Samsung Life Insurance was issued an administrative warning from the Financial Supervisory Service (FSS) over its poor internal control and risk management system. The watchdog recently sent the message of warning to the insurer, urging it to autonomously improve its risk management capabilities.
Stocks suspected of price manipulation continue to fall
Six stocks listed in the Korean stock market have plummeted in value for three consecutive trading days with no apparent reason amid growing suspicion of price manipulation. Shares of Samchully, Daesung Holdings, Seoul Gas, Sebang, Sun Kwang and Daou Data extended losses of more than 20 percent on Wednesday after suffering double-digit falls during the two previous trading se...
Meritz launches consolidated holding company
Meritz Financial Group completed the incorporation of its securities and insurance arms as its wholly owned subsidiaries, Tuesday, in a move aimed at streamlining key decision-making processes.
Brokerages enjoy hefty earnings growth on unexpected Kosdaq rally
Major securities firms here are forecast to enjoy hefty earnings growth in the first half, as their brokerage commission will improve by a huge margin due to a surprising rally of the country's secondary Kosdaq market.
Lotte Insurance launches Korea travel insurance for foreign tourists
Lotte Insurance has launched an insurance product for foreign tourists visiting Korea in partnership with Creatrip, a Seoul-based travel information platform. One key feature of the product is its simple and easy subscription service.
Securities firms go all-out to attract more retirement pension customers
Securities firms here are going all-out to attract more retirement pension customers amid falling deposit interest rates and an aging population.
Frustration grows as Do Kwon's extradition likely to be delayed
Terraform Labs co-founder Do Kwon's extradition is likely to take much more time, as Montenegrin prosecutors indicted the now-detained crypto fugitive on charges of passport forgery, according to a local report from Pobjeda, a Montenegrin daily.