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Reporter : Anna J. Park

Wed, April 21, 2021 | 04:11

Daewoo E&C shares rise on reports of merger talks

Daewoo Engineering & Construction shares closed up over 5 percent on Tuesday on news that the builder is up for sale again.

Markets | 2021-04-20 16:55

Lotte Card, Montblanc ink partnership

Lotte Card CEO Cho Jwa-jin, left, talks with Montblanc Korea's managing director Eric Eder during a signing ceremony for the two companies' partnership at Lotte Department Store's main branch in central Seoul, Tuesday. Lotte Card will issue special limited-edition cards in May to 1,906 customers, representing the anniversary of the luxury brand's founding in 1906. Courtesy of...

Non-banks | 2021-04-20 16:00

Korea to strengthen monitoring of cryptocurrencies

The government said Monday that it will crack down on any illegal transactions involving cryptocurrencies, such as money laundering and fraud, by strengthening its surveillance of digital assets from this month until June. The move comes as a cryptocurrency craze has fueled speculation here, with retail investors scrambling for virtual money, which has greatly outperformed st...

Policies | 2021-04-19 16:57

SIGNET EV's stock price soars on news of SK acquisition

SIGNET EV, a Korean manufacturer of electric vehicle (EV) chargers, saw its stock price continue to rise, reaching a 52-week record high Friday, on news that SK Inc. had decided to acquire the firm. SIGNET EV is listed on the Korea New Exchange or KONEX, a securities exchange exclusively for small and medium-sized companies as well as venture startup firms.

Markets | 2021-04-17 09:43

Kakao's lucrative affiliate, Kakao Commerce, yet to go public

While Kakao's various affiliates have announced plans to go public within a couple of years, the big tech giant's most lucrative subsidiary, Kakao Commerce, has yet to reveal any plans for an IPO.

Markets | 2021-04-16 16:51

Korean crypto exchanges Upbit and Bithum shine after Coinbase's Nasdaq debut

Major cryptocurrency exchanges based in Korea, including Upbit and Bithumb, are in the spotlight following the successful Nasdaq debut Wednesday of U.S.-based cryptocurrency exchange Coinbase, which closed up 31.3 percent at $328.28 on its first day of trading.

Markets | 2021-04-15 17:28

Vowing financial support for chipmaking businesses

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, left, talks with an official from DSTECHNO, a local semiconductor materials firm, during his visit to the company located in Icheon, Gyeonggi Province, Wednesday. Bang promised that the state-run bank would continue to offer financial support for domestic semiconductor businesses. / Courtesy of Korea Eximbank

IT | 2021-04-15 16:41

Foreign investors rake in local tech stocks ahead of short-selling resumption

Foreign investors are raking in Korean stocks this month on expectations that the market will remain bullish, as global interest rates as well as the so-called fear gauge or CBOE Volatility Index (VIX) are showing signs of stabilization. The robust first-quarter earnings performances of Korean tech, semiconductor and new energy companies, as well as a strengthening Korean won...

Markets | 2021-04-14 17:21

SKT's spin-off plan boosts stock price

Ahead of SK Group's restructuring plan expected to be announced later this week, the stock price of SK Telecom (SKT) - Korea's largest mobile operator - soared 6.01 percent Tuesday to set a 52-week record after closing trading at 300,000 won ($266.4).

Markets | 2021-04-13 16:59

Mirae Asset to reap handsome profits from Didi Chuxing, Grab IPOs

Mirae Asset Securities is expected to make handsome profits from its pre-IPO investments in Chinese vehicle-for-hire giant Didi Chuxing and Southeast Asian ride-hailing and food delivery giant Grab, as both companies are expected to go public in the U.S. in the coming months.

Non-banks | 2021-04-13 16:32

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