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Reporter : Lee Min-hyung
Mon, December 4, 2023 | 14:44
Public subscription of shares regains vigor
More companies are opening public subscription of shares ahead of their planned initial public offerings (IPOs), as corporate demand for fundraising grows faster amid long-lasting macroeconomic uncertainties here and abroad. According to the Korea Exchange, a group of around 10 companies are scheduled to jump into pre-IPO procedures in September. The number exceeds the averag...
Ex-Bithumb research chief takes on new role at think tank
Lee Mi-seon, a renowned fixed-income market analyst, has taken on a new role as head of research at Hashed Open Research. The think tank is operated by Korea's representative blockchain venture capital firm, Hashed.
Will KB regain former glory as strong IPO player?
KB Securities is seeking to regain its former glory in the local initial public offering (IPO) market after being named as a lead manager for HD Hyundai Global Service whose value is forecast to reach as high as 4 trillion won ($3.02 billion).
Quarter of YouTuber revenue in Korea goes to top 1%
Almost a quarter of all revenues of YouTubers and one-person content creators in Korea went to those in the top 1 percent bracket, data showed Sunday. According to National Tax Service data submitted to Rep. Han Byung-do of the main opposition Democratic Party of Korea, one-person creators - including YouTubers - reaped a total revenue of 858.9 billion won ($650 million) in 2...
Hanwha Asset Management launches ETF tracking Japanese tech firms
Hanwha Asset Management launched an exchange-traded fund (ETF) investing in Japanese materials, components and equipment industries amid growing investor interest in the Japan's high-tech semiconductor-related companies.
Ambiguous delisting rule sparks concern across crypto industry
Investors are crying foul over an unclear delisting rule on certain cryptocurrencies, as they may end up facing unwanted financial losses when local crypto exchanges make abrupt decisions.
EcoPro Materials IPO remains unclear amid lingering owner risk
A timely listing of EcoPro Materials, a cathode material precursors producer, appears unlikely, as authorities have yet to grant approval for the firm's bid to go public amid lingering owner risks after its group chief was recently convicted of insider trading.
Korea to allocate W200 bil. to encourage foreign direct investment in 2024
The government will allocate a budget of 200 billion won as a subsidy for foreign direct investment here in 2024, a move to help facilitate more capital inflow, particularly in the nationally strategic tech sectors.
Small startups unlikely to win crypto exchange operator licenses
Small startups with little capital will no longer be able to launch crypto exchanges here, as only those with a reserve fund of at least 3 billion won ($2.27 million) can operate crypto exchanges from September.
Chips, cosmetics gear up for major rebound in Korean stock market
Semiconductor and cosmetics stocks look to be on a path to a major rebound in the local stock market, serving as key drivers to activate the sagging KOSPI in the latter half, analysts said.