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Mid-sized Crypto Exchanges Discontinue Korean Won Trading Pairs

Mid-sized Crypto Exchanges Discontinue Korean Won Trading Pairs

SEOUL, Sept. 17 (Korea Bizwire) — Medium-sized cryptocurrency exchanges in South Korea have discontinued trading pairs and payment services using the Korean currency as financial regulators are set to enforce tougher rules, according to market watchers Friday. By next Friday, both foreign and local cryptocurrency exchanges targeting Korean investors must register with the nation’s anti-money [...]

Stock Trading Soars 70.5 pct in 2020 amid Investment Craze

Stock Trading Soars 70.5 pct in 2020 amid Investment Craze

SEOUL, Sept. 17 (Korea Bizwire) — Stock transactions in South Korea spiked more than 70 percent in 2020 amid an investment craze among retail investors, data showed Friday. The value of stock trading in Asia’s fourth-largest economy stood at 35,397.3 trillion won (US$30.2 trillion) last year, up 70.5 percent from a year earlier, according to [...]

Trading of Foreign Stocks in Decimal Points on the Rise

Trading of Foreign Stocks in Decimal Points on the Rise

SEOUL, Sept. 16 (Korea Bizwire) — The volume of transactions processed through the decimal point trading service for foreign stocks has been on an upward trend since it was introduced three years ago. According to data that Rep. Youn Kwan-suk of the ruling Democratic Party received from the Financial Services Commission, the number of users [...]

S. Korea’s IPOs Already Pass Record-high on Superstars’ Debuts

S. Korea’s IPOs Already Pass Record-high on Superstars’ Debuts

SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s initial public offering (IPO) market is booming with mega deals this year, already smashing the previous high while several more big deals are scheduled for the remaining months. A total of 73 companies have raised a combined 16.1 trillion won (US$13.9 billion) through their listings in the [...]

Samsung Asset’s Metaverse Fund Tops 50 bln Won in Assets

Samsung Asset’s Metaverse Fund Tops 50 bln Won in Assets

SEOUL, Aug. 24 (Korea Bizwire) — Samsung Asset Management Co., South Korea’s top money manager, said Monday that its Samsung Global Metaverse Fund surpassed the 50 billion won mark in assets under management just two months after being released as the ‘metaverse’ emerging as a central theme for investors in the fund market. The fund, [...]

Tougher Regulations Cast Shadow over Crypto Markets in S. Korea

Tougher Regulations Cast Shadow over Crypto Markets in S. Korea

SEOUL, Aug. 20 (Korea Bizwire) — Ko Kwang-nam invested 5 million won (US$4,251) in cryptocurrencies but lost about half of his holdings as the nation’s cryptocurrency markets showed signs of cooling down ahead of tougher regulations. As things stand, Ko, a 30-something office worker in Seoul, is likely to lose most of holdings because he [...]

Retail Investors Double Their Stake in Samsung Electronics in 8 Months

Retail Investors Double Their Stake in Samsung Electronics in 8 Months

SEOUL, Aug. 19 (Korea Bizwire) — South Korean retail investors have doubled their stake in Samsung Electronics Co. in eight months amid foreigners’ selling spree, data showed Thursday. Local individual investors had net-bought 394 million shares in the global tech behemoth as of Wednesday this year, or 6.6 percent of its outstanding shares, according to [...]

Foreign Crypto Exchanges Seek Distance from Korea Ahead of Tighter Regulations

Foreign Crypto Exchanges Seek Distance from Korea Ahead of Tighter Regulations

SEOUL, Aug. 17 (Korea Bizwire) — Some foreign cryptocurrency exchanges have distanced themselves from South Korea as Korean authorities are set to enforce tighter regulations against virtual coins. By Sept. 24, cryptocurrency exchanges targeting Korean investors must register with the nation’s anti-money laundering body and disclose their details on risk management. Under the tougher regulations, [...]