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Reporter : Lee Yeon-woo
Fri, February 23, 2024 | 11:44
Naver and Kakao mark first major merger in crypto sector
The launch of a new coin, based on the merger of coins from domestic IT giants Naver and Kakao, was confirmed, Thursday. Recognized as the cryptocurrency market's first merger, the new coin raises anticipation about its impact on the market.
Foreign buyers up, domestic investors down in Korean stock market
The government's plan to adopt the Corporate Value-up Program, announced on Jan. 24 to bolster the stagnating stock market, is drawing contrasting reactions from foreign investors and domestic retail investors. While foreign investors are amassing shares, retail investors are shifting their investments abroad after obtaining profits from the domestic market.
Where cultural differences create synergy
Getting a job as a foreign national can be difficult in any country. In Korea, the language barrier and stringent immigration policies complicate matters further, particularly for those looking for work not involving hard labor or teaching English.
Can food and beverage franchises overcome market skepticism over IPOs?
Large food and beverage franchises in Korea are resuming efforts to go public this year. But market observers are skeptical about their potential for success, in light of the economic downturn and the ongoing series of unsuccessful initial public offerings (IPOs) within this sector.
2%-range inflation fails to spur consumers to open wallets
Consumer prices rose 2.8 percent in January, the government announced on Monday, marking the first time in six months that inflation fell to the 2 percent range.
[INTERVIEW] Franklin Templeton Korea CEO aims to create most localized asset management firm
The rise in direct investments in foreign stocks and ETFs over the past few years has prompted many foreign asset management companies to withdraw from Korea. Unfazed by this trend, Franklin Templeton Investment Advisors Korea is committed to becoming the most localized firm, drawing on its 25 years of operating experience in Korea.
FSS warns against using accounts of deceased family members for financial trading
Two years ago, an individual was apprehended for obtaining a loan of 30 million won ($22,413) online by using his deceased brother's identity. A court in Seoul convicted him of fraud, sentencing him to four months in prison with a one-year suspended sentence.
Crypto mogul launches HTX DAO to decentralize crypto exchange
SINGAPORE - When Satoshi Nakamoto first claimed to have created Bitcoin, the world's first cryptocurrency, he emphasized decentralization. Bitcoin operates without a central server or trusted parties, relying on cryptographic proof instead of interpersonal trust.
Expectations rise for Korea's value-up program for underperforming stocks
Expectations for the improvement in performance of corporations are rising as the government unveiled a 'value-up' program that will target underperformers in the stock market. Investors are increasingly focused on acquiring stocks with a low price-to-book ratio (PBR), in anticipation of them rebounding.
Banks join in relay to halt sales of HK-linked ELS products
As massive losses are expected from equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index (HSCEI), commercial banks are either halting or considering the halting of ELS product sales consecutively.
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