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Reporter : Lee Yeon-woo
Sun, February 25, 2024 | 00:05
HK-linked ELS emerges as time bomb in banking sector
A 58-year-old man, surnamed Kang, recently filed a complaint with the Financial Supervisory Service (FSS) as he faces the risk of losing half his assets after investing in equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index (HSCEI).
Tax breaks for esports proposed after success of LOL World Championship
The National Assembly is currently discussing providing tax breaks to companies hosting esports events in Korea. This follows the recent League of Legends (LoL) World Championship in Seoul, which reportedly generated hundreds of billions of won in economic benefits.
Korean crypto industry gains ground following global turbulence
Expectations are growing that Korea could gain ground in the global crypto industry, as Chinese crypto exchanges that once dominated the global coin market are faltering one after another.
Mirae Asset Global Investments appoints Choi Chang-hoon, Rhie Chun-yong as CEOs
Mirae Asset Global Investments decided to appoint two vice chairmen, Choi Chang-hoon and Rhie Chun-yong, as its CEOs at temporary shareholders meeting on Thursday.
Korea to pilot digital currency with 100,000 citizens next year
One hundred thousand Koreans will be able to utilize deposit tokens based on the central bank digital currency (CBDC) next year, within a pilot program jointly operated by the Bank of Korea (BOK) and financial authorities.
Korea offers huge earnings growth potential in 2024: Goldman Sachs
Korea offers the greatest earnings growth potential in the Asia-Pacific region next year, supported by a recovery in tech industry exports, Goldman Sachs said on Tuesday.
New KB chief vows mutual growth with society
KB Financial Group's new chairman Yang Jong-hee promised to foster mutual growth with society, during a ceremony marking his inauguration to the position at the group's headquarters in Seoul, Tuesday.
NPS investment in Coinbase signals growing interest in crypto market
The National Pension Service (NPS), Korea's largest institutional investor, recently made a significant investment in Coinbase, the foremost cryptocurrency exchange in the U.S. The move marks a notable change in NPS's strategy, which had previously shunned such investments due to concerns over volatility.
Musicow plans to auction copyrights of NCT Dream's song
Musicow, a music copyright trading platform, announced on Friday its plan to auction the copyrights for a song by NCT Dream. If financial authorities approve Musicow's submitted application for music asset tokenization, the platform will become the first in the industry to resume operations.
Changing face of securities: Branches close as mobile trading takes over
It's not just banks that are closing their branches. With mobile trading on the rise, securities firms, struggling in a sluggish business environment, have closed over 50 branches in the past year, shifting their strategies to expanding premium branches that cater to wealthy customers.
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