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Thu, July 7, 2022 | 04:19

Hyundai Card taps into NFT market

Hyundai Card launched a joint venture to establish a non-fungible token (NFT) trading platform with a local programming education startup, aiming at expanding its presence in the emerging growth area. The card firm and Like Lion will join hands for the launch of an NFT marketplace and wallet service sometime in the latter half of 2022, Hyundai Card said Tuesday.

Lee Min-hyung | 2022-06-07 15:46

Retail stocks expected to rise as consumers spend more offline

Traditional retail stocks, such as department stores and shopping malls, are expected to benefit the most from a wider resumption of spending in the second half of this year. While luxury product sellers and online retailers enjoyed a boom during the COVID-19 pandemic, fashion and food-and-beverage (F&B) purchases through offline channels are expected to attract more consumer...

Anna J. Park | 2022-06-06 17:05

Pension funds to reduce exposure to domestic stocks

The nation's three major pension funds are geared toward lowering their investments in domestic stocks, over lower-than-expected investment returns on the paths to rebalancing their management portfolios. Financial sources said Monday that the National Pension Service (NPS) plans to reduce its domestic stocks holdings from 17.5 percent of its total holdings in 2021 to 15 perc...

Yi Whan-woo | 2022-06-06 16:47

Shares of budget carriers expected to rise

Stock prices of so-called LCCs, or low-cost carriers, continue to move upward lately, reflecting the country's revitalized travel sector, with the number of international travelers increasing. According to the Korea Exchange (KRX), the stock price of Jeju Air saw a weekly increase of 7.73 percent, as the price rose from 20,700 won ($16.53) logged on May 27 to last Friday's cl...

Anna J. Park | 2022-06-05 17:03

KB Financial releases video clip on bee conservation campaign

KB Financial Group has released a video clip aimed at raising public awareness of the importance of protecting bees and the threats they face, on the occasion of the U.N.-observed World Environment Day on June 5.Titled “Warning of the bees,” the clip was also released as a part of the firm's “K-Bee Project” campaign, which it launched this spring under a broader goal supporti...

Yi Whan-woo | 2022-06-05 16:34

Hana vows value-driven growth based on innovative platform

Hana Financial Group Chairman Ham Young-joo has unveiled a new group-wide vision of “All connected in Hana Finance,” pledging to build an innovative and trustworthy financial platform. Under the vision, the company and its affiliates plan to develop their financial platforms focusing on keywords such as trust and innovation, the company said Friday.

Lee Min-hyung | 2022-06-03 16:56

Do Kwon pushed into corner amid escalating skepticism over Terra 2.0

Do Kwon, co-founder of Terraform Labs, is being pushed into a corner amid growing skepticism over its much-hyped Terra Luna 2.0 ecosystem. Binance CEO Changpeng Zhao was the latest crypto mogul to have stepped up criticism of the Korean developer. He has ordered his exchange team to look into any allegations that Kwon and Terraform Labs face over the recent Luna fiasco.

Lee Min-hyung | 2022-06-03 16:56

BOK opens blog for better communication with market on policy steps

The Bank of Korea (BOK) said Tuesday it has opened a digital blog on its official website to share comments and explanations on its monetary policy and other policy steps as part of efforts to enhance communication with market players.

2022-05-31 15:55

Securities firms expand footing into blockchain

Securities companies are rushing to expand their partnerships with blockchain technology players to seek joint business models in digital finance. Kiwoom Securities said Tuesday it has clinched an agreement with Blockchain Global, a Seoul-based blockchain technology developer, for their joint investment in the booming industry. Both sides will join forces to co-develop fresh ...

Lee Min-hyung | 2022-05-31 15:19

Dunamu's earnings hit by crypto plunge

Dunamu, the operator of the nation's leading cryptocurrency exchange, Upbit, reported a drastic earnings fall Tuesday, hit hard by frozen investor sentiment amid a global monetary tightening. The company's operating profit came in at 287.8 billion won ($232.75 million) in the first quarter of 2022, down 46.9 percent from a year ago. Sales also dropped 28.6 percent during the ...

Lee Min-hyung | 2022-05-31 15:14

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