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Fri, September 22, 2023 | 19:38
Securities firms gear up for CFD trade resumption
Brokerage houses are moving to resume the trading of contracts for difference (CFD) after they suspended the practice in April due to scandalous stock manipulation activities.
Markets | 2023-08-21 16:47
Crypto exchanges suffer deficits amid prolonged bearish sentiment
Most Korean crypto exchanges suffered deficits in the second quarter of this year, hit hard by a fall in trading commission revenues amid a prolonged bearish market sentiment.
Cryptocurrency | 2023-08-21 16:45
Toss, Kakao report contrasting earnings in securities business
Toss Securities and Kakaopay Securities displayed contrasting earnings reports in the first half due to Toss' robust growth in overseas stock trading commission revenues. The Toss affiliate proved resilience with surprising sales growth of 91.4 percent between January and June from a year earlier. The firm's sales reached 96.46 billion won ($71.78 million), while that of Kaka...
Companies | 2023-08-21 08:27
Leveraged investments regain vigor in Korean asset market
Leveraged investments are regaining vigor in the capital market amid lingering fears that asset price bubbles may end up bursting due to macroeconomic uncertainties. According to data from the Korea Financial Investment Association, the credit transaction balance on the Korean stock market reached this year's new high of 20.55 trillion won ($15.3 billion) on Aug. 17. The figu...
Markets | 2023-08-20 16:55
'Parasite' producer, Lambda256 utilize NFT for sustainable movie community
Barunson E&A, the producer of the Oscar-winning film, “Parasite” (2019), is embarking on a fresh journey by building a sustainable movie community ― powered by blockchain and non-fungible tokens (NFT). But the focus is less on generating financial gains or jumping on the once-prevalent NFT hype.
Cryptocurrency | 2023-08-18 08:31
Crypto.com's inroads into Korea contrasts with struggling Binance
Crypto.com, a Singapore-based crypto exchange, is making stable gains in the Korean market but Binance, a global crypto exchange platform, is stuck at a crossroads amid prolonged regulatory challenges.
Companies | 2023-08-17 16:51
Has Seoul's housing market bottomed out?
Seoul's apartment prices are showing gradual signs of a rebound on reviving demand driven by an end to the Bank of Korea's (BOK's) rate hike cycle, data showed Thursday.
Markets | 2023-08-17 16:28
Insurers report surprising earnings on IFRS 17 adoption
Insurers have chalked up surprisingly robust earnings in the first half of 2023 on their first introduction of the latest global insurance contract reporting standards.
Markets | 2023-08-16 16:45
Mirae Asset takes over Australia's leading robo-advisor company
Mirae Asset Global Investments has acquired a 53 percent stake in Australia's leading robo-adviser Stockspot for around 24 billion won ($180 million), to accelerate its expansion into the artificial intelligence (AI)-converged financial market, the company said Wednesday.
Companies | 2023-08-16 15:20
Global investment banks paint grim picture of Korean economy
Overseas investment banks have painted a gloomy picture of the Korean economy, forecasting GDP growth to continue to remain in the 1-percent range until 2024 amid a slow recovery of exports.
Economy | 2023-08-14 16:52
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More than 2,800 killed by earthquake in Morocco
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