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Entertainment & Arts

Qatar 2022

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Asia

Finance

Fri, December 9, 2022 | 05:15

Cryptocurrency market hit by delisting of Wemix

Cryptocurrency market hit by delisting of Wemix

Wemix, the cryptocurrency developed by game company Wemade, ended up getting delisted from four major local coin exchanges as of 3 p.m. Thursday, as a local court rejected an injunction request filed by Wemade on Wednesday evening.

Anna J. Park | 2022-12-08 16:55

Shinhan Financial nominates banking CEO as next leader

Shinhan Financial nominates banking CEO as next leader

Shinhan Financial Group said Thursday it has nominated Shinhan Bank CEO Jin Ok-dong as its next leader. Jin, 61, will be officially appointed as the new chairman for a three-year term upon confirmation by shareholders and board of directors in their respective meeting in March next year.

Yi Whan-woo | 2022-12-08 16:47

Eased COVID lockdowns in China raise hope for sluggish Korean exports

Eased COVID lockdowns in China raise hope for sluggish Korean exports

China is easing “zero COVID” restrictions, fueling optimism that the softened policy will help accelerate China's economic recovery and benefit Korean exports struggling with dwindling demand, according to analysts, Thursday. “China's COVID lockdowns have been a burden for the East Asian economy as well as the rest of the world, and the Chinese economy is anticipated to bounc...

Yi Whan-woo | 2022-12-08 16:46

MBK Partners founder makes Forbes top philanthropists list for 2nd time

MBK Partners founder makes Forbes top philanthropists list for 2nd time

MBK Partners co-founder and CEO Michael Byungju Kim has made the list of Forbes top philanthropists in Asia for two consecutive years. Forbes announced earlier this week that a total of 15 business people have made the list of “Asia's 2022 Heroes of Philanthropy”, with nine being chosen for the first time.

Anna J. Park | 2022-12-08 16:01

Korea to collaborate with Vietnam, Cambodia on tax policy

Korea to collaborate with Vietnam, Cambodia on tax policy

The National Tax Service (NTS) is planning to collaborate closely with the tax agencies of Vietnam and Cambodia to tackle problems such as international double taxation faced by Korean firms operating overseas.

Yoon Ja-young | 2022-12-08 15:52

BOK underlines need to maintain monetary tightening as inflation could stay high

BOK underlines need to maintain monetary tightening as inflation could stay high

The Bank of Korea (BOK) on Thursday underlined the need to maintain its monetary tightening "for the time being" to bring down inflation that is expected to stay much higher than its target level.

2022-12-08 14:10

Korea added largest number of jobs in 5 years in 2021

Korea added largest number of jobs in 5 years in 2021

Korea added the largest number of jobs in five years last year on the back of the retail and welfare sectors, data showed Thursday.

2022-12-08 14:05

Court denies injunction against delisting of cryptocurrency Wemix

Court denies injunction against delisting of cryptocurrency Wemix

A Seoul court on Wednesday denied an injunction request filed by the operator of cryptocurrency Wemix to block the enforcement of crypto exchanges' decision to delist the coin.

2022-12-07 21:51

Macquarie joins bid to acquire LOCA Mobility

Macquarie joins bid to acquire LOCA Mobility

Macquarie Asset Management was revealed to have been among the few potential buyers that participated in the main bid to acquire LOCA Mobility, a subsidiary of Lotte Card. LOCA Mobility operates various traffic solution services, including pre-paid cards, city bus management systems (BMS) and bus information systems (BIS).

Anna J. Park | 2022-12-07 16:22

Daol Investment put up for sale

Daol Investment put up for sale

Korea's first-generation venture capital firm Daol Investment, formerly known as KTB Network, has been put up in the M&A market, as its parent company aims to secure liquidity amid market uncertainties.

Anna J. Park | 2022-12-07 16:12

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6	Samsung denies report claiming new executive VPs had to be younger than chairman

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10	Hanssem becomes another headache for Lotte

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