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Reporter : Lee Min-hyung
Fri, August 19, 2022 | 23:03
Hana vows value-driven growth based on innovative platform
Hana Financial Group Chairman Ham Young-joo has unveiled a new group-wide vision of “All connected in Hana Finance,” pledging to build an innovative and trustworthy financial platform. Under the vision, the company and its affiliates plan to develop their financial platforms focusing on keywords such as trust and innovation, the company said Friday.
Do Kwon pushed into corner amid escalating skepticism over Terra 2.0
Do Kwon, co-founder of Terraform Labs, is being pushed into a corner amid growing skepticism over its much-hyped Terra Luna 2.0 ecosystem. Binance CEO Changpeng Zhao was the latest crypto mogul to have stepped up criticism of the Korean developer. He has ordered his exchange team to look into any allegations that Kwon and Terraform Labs face over the recent Luna fiasco.
More securities firms set to join move to establish alternative trading system
More securities firms are moving to speed up their discussions on establishing the nation's first alternative trading system (ATS). The ATS establishment committee - which consists of the Korea Financial Investment Association (KFIA) and a group of seven major securities firms here - will grow in size, with a group of more than 20 other mid- to small-sized brokerage houses th...
Cryptocurrency's decoupling with Nasdaq accelerates after Luna scandal
Cryptocurrency's decoupling with the Nasdaq is accelerating in the wake of the recent collapse of Terra's Luna token. Before the abrupt crash of the once-popular Terra ecosystem, overall cryptocurrency prices moved in tandem with the Nasdaq. According to data from CoinMarketCap, Bitcoin's price fell by around 2.4 percent at 8 a.m., May 28.
Luna 2.0 price volatility raises concerns over possible repeat performance
Terra Luna 2.0 is facing growing skepticism over its sustainability as the price for the revived cryptocurrency is taking investors on a roller-coaster ride. The controversial token continues to see volatile ups and downs in the market, rekindling concerns over a possible outcome similar to the recent Luna fiasco.
Foreign investors' return raises hope for KOSPI rally
With foreign investors making a surprise return to the benchmark KOSPI, the Korean stock market is forecast to enjoy momentum for a rebound in tandem with weakening overseas financial uncertainties, analysts said. The main bourse extended a losing streak to this year's new low of 2,540 points last month, hit hard by multiple risk factors, including global monetary tightening ...
Securities firms expand footing into blockchain
Securities companies are rushing to expand their partnerships with blockchain technology players to seek joint business models in digital finance. Kiwoom Securities said Tuesday it has clinched an agreement with Blockchain Global, a Seoul-based blockchain technology developer, for their joint investment in the booming industry. Both sides will join forces to co-develop fresh ...
Dunamu's earnings hit by crypto plunge
Dunamu, the operator of the nation's leading cryptocurrency exchange, Upbit, reported a drastic earnings fall Tuesday, hit hard by frozen investor sentiment amid a global monetary tightening. The company's operating profit came in at 287.8 billion won ($232.75 million) in the first quarter of 2022, down 46.9 percent from a year ago. Sales also dropped 28.6 percent during the ...
Korea Exchange unveils two REITs indices
The Korea Exchange has unveiled two real estate investment trusts (REITs) indices comprised of Korea's 10-largest companies, which are investing in commercial property. Any investor seeking stable returns during a period of lackluster stock market performance can eye REITs investments, which entail low price volatility and high dividend profitability, according to the exchang...
KOSPI withstands external shocks better than Nasdaq, S&P
The benchmark KOSPI has suffered fewer shocks than major stock indices in New York, Hong Kong and Shanghai, as the earnings fundamentals of listed Korean firms are expected to remain robust until the latter half of this year, analysts said Monday.
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