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Reporter : Lee Yeon-woo
Fri, February 23, 2024 | 13:46
IPO risk management to be strengthened in wake of Fadu controversy
The Financial Supervisory Service (FSS) has announced several measures to strengthen the risk management of initial public offering (IPO) procedures, in an apparent effort to prevent another incident like Fadu.
Asset tokenization shows underwhelming performance
The asset tokenization market in Korea has resumed, yet is showing underwhelming performance. This raises questions about the success of trading token securities - fractions of traditional assets like art - expected to start at the Korea Exchange within the first half of the year.
Korea's short selling ban to continue
The short selling ban in Korea might be prolonged, as President Yoon Suk Yeol emphasized that the ban is not merely a 'temporary measure for the general elections.'
Merger of Naver, Kakao-issued coins excites investors
The excitement among 'kimchi coin' investors is rising as two major coins, issued by Naver and Kakao, respectively, have recently announced a merger to boost their competitiveness in the global market.
Retail investors become key issue ahead of Korea's general elections
Prominent in the discussions leading up to the general elections this April are political promises targeting the nation's 14 million retail investors, seeking to attract their support.
Bitcoin falters after ETF approval
Despite the approval of the much-waited bitcoin exchange-traded funds (ETFs), its value is continuing on a downward trend. This deviates from market expectations that the price would continue to soar due to an influx of institutional investments.
Korean investors bet big on Japanese stocks as Nikkei 225 soars
While Korea's main bourse KOSPI has been performing sluggishly since the beginning of this year, Japan's Nikkei 225 index has been demonstrating a strong upward trend, setting new records day-by-day.
KakaoBank launches fund sales service
KakaoBank said Tuesday that it began selling six mutual fund products. This is the first time for an internet-only bank in Korea to launch such a service.
[INTERVIEW] Fintech CEO strives to transform home rental culture in Korea
According to the housing platform Station 3, the average monthly rent for studio apartments in the vicinity of major universities in Seoul was 590,000 ($449.18) won in 2023, in addition to a deposit of 10 million won.
Regulator's hesitance over bitcoin ETFs triggers controversy
Despite the considerable anticipation among retail investors, it is unlikely that bitcoin exchange-traded funds (ETFs) will be available for purchase or brokerage in Korea for the foreseeable future.
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