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: Lee Min-hyung
Thu, October 6, 2022 | 06:44
KOSPI took heaviest beating among leading stock indices
The benchmark Korea Composite Stock Price Index (KOSPI) suffered the biggest decline among major stock indices in September as foreign investors exited en masse, data showed Tuesday. According to the Korea Exchange, the main stock index declined 10.8 percent last month. Other major stock indices of developed countries _ such as the United States, Japan and Europe _ also exten...
| 2022-10-04 16:50
Dunamu, HYBE set to launch NFT platform via joint venture
Dunamu and HYBE are set to launch Momentica, a “digital collectibles platform,” through their joint venture Levvels, by the end of this month. Users can buy and sell their digital cards of HYBE's globally popular artists through the online trading platform. They can also store their digital cards safely via the Levvels Blockchain, which is powered by the low-carbon-emission b...
| 2022-10-04 15:42
Financial leaders to develop overseas investor relations
Leaders of Korea's financial holding firms develop overseas investor relations (IR) by taking part in the 2022 Annual Meetings of the International Monetary Fund and the World Bank Group in mid-October. This will become a major event for them to meet with a group of global financial moguls in person. The leaders of KB, Shinhan, Woori, Hana and NongHyup Financial Group will so...
| 2022-10-02 15:59
Fears of recession grow
Korea has reported a trade deficit once again for September, extending its losing streak for the sixth consecutive month, according to data from the Ministry of Trade, Industry and Energy. The rate of export increase came in as a single-digit figure last month, but the rate of import increase hit double digits, bringing the nation's monthly trade balance to a deficit of $3.77...
| 2022-10-02 15:50
Currency swap with US urged as last resort against worst-case scenario
Korea should immediately sign a currency swap agreement with the United States, experts said Thursday. They said the Bank of Korea (BOK) needs to make a preemptive move amid escalating economic and financial uncertainties here and abroad represented by the soaring won-dollar exchange rate.
| 2022-09-29 16:54
Cryptocurrencies feared to experience longer winter amid Fed's hawkish moves
Cryptocurrencies are feared to remain in the doldrums even after the end of this year amid the U.S. Federal Reserve's gestures to remain hawkish and for longer than expected. The price of Bitcoin has been trapped in a band of around $20,000 during the past three months without showing any particular signs of a rebound. But earlier hopes were that the crypto winter would not l...
| 2022-09-27 16:48
Korean stocks, currency slide amid fears of inflation, recession
Korean stocks and the local currency fell sharply amid heightened fears of inflation and a recession following the U.S. Federal Reserve's third straight “giant step” rate hike of 75 basis points last week. The benchmark KOSPI closed at 2,220.94, Monday, down 3.02 percent from the previous session. The tech-heavy Kosdaq reported a bigger loss of 5.07 percent and failed to defe...
| 2022-09-26 16:41
Hedera eyes more partnerships with Korean banks, tech firms
BUSAN - Hedera Hashgraph, a distributed ledger technology network, will expand its partnerships with Korean tech players and financial firms by leveraging its fixed low costs and decentralized tracking and verification system, Leemon Baird, its inventor and co-CEO of Swirlds Labs, said in an interview. Hedera is a public cryptocurrency network platform for enterprises to crea...
| 2022-09-26 16:20
Web 3.0, decentralized finance, smart contracts to reshape blockchain
BUSAN ― The Upbit Developer Conference (UDC) 2022 wrapped up its two-day session, Friday, shedding light on the next mainstream blockchain concept, which industry leaders said will be reshaped under key new trends represented by Web 3.0, decentralized finance and smart contracts. The annual fair was all about the future of blockchain, with leading specialists discussing a det...
| 2022-09-23 16:35
UDC 2022 kicks off in Busan with focus on blockchain
BUSAN - The Upbit Developer Conference (UDC) 2022 started Thursday with great fanfare under the key theme of “Imagine your blockchain life,” bringing together prominent blockchain developers from here and abroad in the nation's largest port city. Leaders and developers from major blockchain network operators - such as Polygon, Solana, TRON and FTX - have appeared at the event...
| 2022-09-22 16:58
Dunamu looks to global NFT market for growth
South Korea faces growing calls to acquire nuclear weapons
Changwon coastal waters inundated with dead herring
Heads of Samsung, SoftBank meet as attention grows on sale of Arm
Cartoon ignites debate over freedom of expression
[INTERVIEW] Real estate investors see hope for future
[INTERVIEW] Washington's nuclear umbrella should be called into question: US scholar
KSOE wins 7 eco-friendly ship orders worth $1.5 billion
Historian Kim Dong-gill passes away at 94
Intel unveils new CPU
Cost of dining out hits 30-year high despite slowing inflation growth
Typhoon Noru hits the Philippines forcing thousands to evacuate
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