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Reporter : Lee Min-hyung
Sun, November 27, 2022 | 00:40
Shinhan's securities arm opens first office in Silicon Valley
Shinhan Securities has opened an office in Silicon Valley, California - the first among local brokerage houses - with a view to enhancing its expertise in investment banking and its global startup network, the company said. According to the company, Shinhan Securities' Silicon Valley Representative Office started operating from Tuesday.
Dunamu's Momentica offers digital collectibles for global fans
Digital cards of the seven members of boy band ENHYPEN have become available for global fans to collect for the first time on the Momentica digital collectibles platform. Momentica is operated by Levvels, a joint venture established by Dunamu and HYBE, Korea's leading firms in cryptocurrency and entertainment, respectively. The Los Angeles-based subsidiary focuses on the emer...
Assembly to bring charges against Korean crypto moguls for absence at audit
Lawmakers are moving to bring charges against Korean crypto magnates for not appearing after being summoned as witnesses to the National Assembly's annual audit regarding the recent Luna debacle.
Construction, securities shares on rollercoaster ride
Shares of construction and securities firms have been on a rollercoaster ride amid fears of a liquidity crunch triggered by their poor management of real estate project financing. According to data from the Korea Exchange, construction sector shares extended their biggest fall of 5.12 percent last week on growing risks of defaults amid freezing investor sentiment in the real ...
Kakao Pay unlikely to join MSCI due to falling stock price
Kakao Pay is unlikely to join the MSCI index in November due to the firm's rapidly-falling market capitalization, market analysts said Friday. The mobile payment and digital wallet affiliate of tech giant Kakao had been widely anticipated to be included in the index after it went public on the benchmark KOSPI last year. But given the increasing market volatility here, the fir...
Shinhan set to regain title as Korea's leading financial group
Shinhan Financial Group is forecast to regain its title as Korea's leading banking group in 2022 after ceding the position to archrival KB Financial Group for the past two years. According to data from market tracker FnGuide, Shinhan is estimated to have chalked up a net profit of 1.5 trillion won ($1.04 billion) in the third quarter, the largest among local financial firms. ...
Do Kwon criticized for declining to confirm whereabouts
Do Kwon, co-founder of Terraform Labs, is being met with a deluge of criticism for declining to confirm his whereabouts even after making apologies for the recent Luna coin debacle. Earlier, Kwon argued he is not “on the run” or evading investigation by the police, though it has turned out he left Singapore and headed for Dubai in September. He did not enter the United Arab E...
Major unlisted stocks plunge amid rate hikes, capital outflow
Once-promising unlisted stocks have extended sharp declines this year amid ever-growing fears of further rate hikes and capital outflow from the local stock market here. According to data from Dunamu's Stock Plus, an unlisted stock trading platform, most large-cap unlisted stocks suffered double-digit declines in their stock price and market capitalization in 2022.
Short-selling of Korean shares reaches peak since early pandemic
More investors have capitalized on the short-selling of Korean shares at the fastest pace since the early phase of the COVID-19 pandemic in March 2020, in what is seen by many as a sign of a further stock fall going forward. According to data from the Korea Exchange, the portion of short-selling on the KOSPI 200 index reached 10.54 percent on average during the four trading d...
Korbit, Save the Children partner up on NFTs
Korbit, a Seoul-based cryptocurrency exchange, has partnered with Save the Children Korea to launch a donation campaign involving non-fungible tokens (NTF). Under the memorandum of understanding, the exchange operator will hold a series of campaigns by donating NFTs to the non-profit organization's charitable programs, the nation's first crypto exchange said Wednesday.
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