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Reporter : Park Jae-hyuk
Sun, December 5, 2021 | 10:33
Kosdaq vulnerable to fake news
Easier methods of spreading fake news are enabling more frequent price manipulations of stocks listed on the tech-heavy Kosdaq market, which have relatively lower market capitalization and trading volume compared to the benchmark KOSPI market.
NN Investment Partners optimistic about Korea's IT sector
NN Investment Partners (NNIP) expressed an optimistic outlook for Korea's electronics consumer goods and software industries, regarding the IT sector as having long-term relevance which has also benefited from the ongoing supply chain issue and fiscal stimulus measures.
Hanssem faces more legal action from US hedge fund
Teton Capital Partners will bring Hanssem to a local court later this week, if Hanssem's management fails to reply to the latest requests of Teton, the Korean furniture maker's second-largest shareholder with a 9.23-percent stake, according to the Texas-based hedge fund's attorney, Monday.
Bithumb set to break Upbit's monopoly
The financial authorities have taken measures for Bithumb to prevent Upbit from solidifying its monopolistic status on the local market, by allowing the nation's second-largest cryptocurrency exchange to enable its users to exchange their cryptocurrencies for the Korean won.
Namyang owner faces doubts over attempt to sell company to Dayou
Questions have arisen about the hidden intention behind Namyang Dairy Products Chairman Hong Won-sik's conditional deal to sell his controlling stake to Dayou Winia Group, as there is little chance of him satisfying the conditions for the contract by defeating Hahn & Company in ongoing lawsuits, which were filed after he tried to nullify a sales agreement with the private equ...
[ANALYSIS] 'Living with COVID-19' causes concern over golf course M&A deals
Golf courses in Korea have begun facing skepticism lately about their soaring valuations on the M&A market, in the wake of the country's “Living with COVID-19” plan, which has enabled Koreans to resume a wider variety of indoor activities and play golf overseas at more affordable prices. Some industry insiders have warned private equity firms (PEFs) and asset managers about a...
Competition heats up over contactless financial services for foreign residents
Conventional financial companies in Korea are accelerating their efforts to enable foreign national resident customers to use a variety of financial services without visiting traditional staffed outlets, while the country's three internet-only banks are still inaccessible to local foreign residents.
Experts back ruling party's proposal to delay crypto tax
The Ministry of Economy and Finance's plan to tax gains from cryptocurrency trading starting next year is losing ground as more industry experts are backing the ruling Democratic Party of Korea's (DPK) idea of delaying the taxation to 2023.
IBK chief to visit Poland to review bank's plan to open local office
Industrial Bank of Korea (IBK) CEO Yoon Jong-won will fly to Europe next week, as part of the state-run bank's efforts to expand its global presence, the bank said Tuesday. This is the first time for him to travel overseas for business as the IBK CEO, since his appointment in January last year.
Tech supply crunch raises valuation issue on Hanon Systems
The continued global semiconductor shortage is putting downward pressure on the valuation of Hanon Systems, amid attempts by its largest and second-largest shareholders to sell their combined 70 percent stake estimated to be worth up to 8 trillion won ($6.8 billion), according to securities analysts, Monday.
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