Money | BusinessKorea

Saturday, January 20, 2018

Money

When AFC Korea, a unit of Chinese private equity fund (PEF) AFC, takes over STX Corp, it will be the first acquisition of domestic trading company by Chinese capital.
Falling to Chinese Hands
19 January 2018 - 11:00am
AFC Korea, a unit of Chinese private equity fund (PEF) AFC, will complete a due diligence to acquire STX Corp by the end of this week. Since the company and creditors seem to be in agreement, the...
Naver is considering whether to participate in 700 billion won (US$653.9 million) of Mirae Asset Daewoo’s capital increase.
Unexpected Torment
19 January 2018 - 10:45am
Naver, which exchanged its equities with Mirae Asset Daewoo for a strategic partnership, is in a dilemma over Mirae Asset Daewoo’s capital increase. After making an investment in each other’s...
As digital currencies fluctuate in price, hackers seem to take turns to malicious mining codes.
Hackers Targeting S. Korea
18 January 2018 - 10:00am
The number of malicious codes targeting South Korean cryptocurrency miners is on the increase. As digital currencies fluctuate in price, hackers, which spread ransomware, seem to take turns to...
Banks will be required to go through an enhanced due diligence (EDD) process when cryptocurrency transactions are made by high risk customers who can run the risk of illegal transactions including money laundering.
Stricter Regulation
18 January 2018 - 9:45am
Banks are required to check the purpose of trading and the source of funds of cryptocurrency trading account holders in the future. They also need to share account information one another when...
Upbit ranked first in the world in terms of 24-hour crpytocurrency trading volumes with 4.92 trillion won (US$4.62 billion),
Proving Overheated Speculation
17 January 2018 - 9:30am
South Korea’s largest cryptocurrency exchange Upbit disclosed its amount of daily transactions on January 16 for the first time. CoinMarketCap, arguably the most prominent global index of...
Mirae Asset Global ETFs ranked 21st in the world in terms of net assets as of the end of November last year.
Leading ETF Market
16 January 2018 - 10:45am
Mirae Asset Global Investments announced on January 10 that the net assets of Mirae Asset Global Exchange Traded Funds (ETFs), which entered six countries – South Korea, Canada, Australia, Hong Kong...
Foreigners net purchased 6.58 trillion won (US$6.18 billion) on the KOSDAQ market, up 206.48 percent from a year ago.
Popular Market
16 January 2018 - 10:30am
Foreign ownership of the total capitalization of all stocks registered on South Korea’s stock market has increased for three years in a row. In particular, the net purchases of stocks on the tech-...
An increasing number of information technology (IT) companies, such as gaming and security, have declared to enter the cryptocurrency exchange market.
Due to Unrealistic Policy?
15 January 2018 - 2:00pm
The South Korean government is strengthening regulations to eradicate an overheated cryptocurrency speculation but an increasing number of information technology (IT) companies, such as gaming and...
The prices of newly listed digital currencies – Civic and Enigma – plunged as much as 99 percent on the domestic exchange Gopax at 11:30 pm on January 12.
Reasons for Regulations
15 January 2018 - 11:00am
There is growing recognition that the investment in virtual currencies is speculative due to a series of unusual price movements on a South Korea’s cryptocurrency exchange. According to industry...
The Korean government has lowered the requirements for initial public offering (IPO) in order to revitalize the nation’s second-tier KOSDAQ market.
Promoting KOSDAQ Market
12 January 2018 - 10:15am
As the government has lowered the requirements for initial public offering (IPO) in order to revitalize the nation’s second-tier KOSDAQ market, nearly 2,800 unlisted companies will be able to raise...
The more the government announced its regulations, the more investors have considered them favorable factors and expanded their investments in digital currencies.
Trials and Errors Continued
12 January 2018 - 9:45am
As the Ministry of Justice (MOJ) decided to make a special law to shut down cryptocurrency exchanges on January 11, there has also been criticism inside and outside of exchanges that its move is like...
Foreign investors’South Korean bond holdings surged more than 9 trillion won (US$8.41 billion) last year majorly due to the strong Korean won.
Korean Bonds
11 January 2018 - 12:00pm
The foreign ownership of domestic bonds amounted to 98.5 trillion won (US$92.06 billion) as of the end of last year. Due to the strong Korean won, foreign investors’ South Korean bond holdings surged...

Pages

Subscribe to Money

Copyright 2013 BusinessKorea Co., Ltd.
301 Samdo Building, 12-1
Yeoido-dong, Yeongdeungpo-gu
Seoul, Korea 150-010
Tel: +82-2-578-3220
Fax: +82-2-578-3224
Email: contact@businesskorea.co.kr

 
 

Web design by: