search close
Reporter : Lee Min-hyung
Sun, December 3, 2023 | 03:58
FSS to investigate Kiwoom Securities for stock manipulation
Korea's top financial watchdog has launched an investigation into Kiwoom Securities to look into whether the company engaged in unfair sales of a contract for difference (CFD). The risky leveraged derivative is considered to have driven the latest stock manipulation scandal which incurred combined losses of around 8 trillion won within only four days late last month.
Korea, ADB to establish climate tech hub in Seoul
The Korean government and the Asian Development Bank (ADB) have agreed to establish a climate technology hub in Seoul. The facility will serve as a climate think tank for both sides to drive major climate agenda items internationally.
Legal tussle escalates over suspicious stock selling scandal
Two figures involved in the latest stock manipulation scandal are escalating ensuing legal battles and claiming innocence regarding the abrupt collapse of eight listed shares here.
Hana supports football for disabled people
Hana Financial Group has launched a social program for disabled people to enjoy football, enabling them to receive training and play matches under partnerships with professional sports teams.
Kiwoom chief comes under fire for suspicious stock sales
Daou Kiwoom Group Chairman Kim Ik-rae has angered investors with his suspicious sales of Daou Data shares, shortly before the stock's abrupt decline. It remains unclear whether Kim is involved in the escalating stock scandal surrounding eight companies that experienced plummeting stock prices for no apparent reason.
Hana's football club goes carbon-neutral
Hana Financial Group's football club - Daejeon Hana Citizen - has pledged to achieve carbon neutrality during its upcoming home matches and make public its efforts to go net-zero at the end of the season.
Korea takes first step toward institutionalizing crypto assets
Korea has taken its first step toward institutionalizing crypto assets, after a committee at the National Assembly approved an act focusing on the protection of crypto investors.
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.
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 ...
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.