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News
Shinhan Securities Says Stocks, Bonds Alone Fall Short, Recommends 2% Allocation to Digital Assets
5+ day, 10+ hour ago (262+ words) Shinhan Securities said portfolios need to expand into alternative investments including **digital assets**, arguing that stocks and bonds alone no longer provide enough diversification. Senior researcher Park Woo-yeol said stocks and bonds are moving in the same direction and presented…...
Pudgy Penguins, Lotte Daehong Communications Forge Strategic Partnership
1+ week, 4+ day ago (74+ words) bloomingbit Pudgy Penguins, Lotte Daehong Communications Forge Strategic Partnership Forecast Trend Report by Period Pudgy Penguins, a blue-chip non-fungible token collection, said it has formed a strategic partnership with Lotte Daehong Communications. On May 16, Pudgy Penguins wrote on X, formerly…...
Trader Loses 69% on Leveraged SK Hynix Bet as WSJ Highlights Korea’s ‘Fear Ride’ Kospi
2+ week, 4+ day ago (487+ words) The Wall Street Journal reported that South Korea’s stock market, which had become one of the world’s hottest on the back of the artificial intelligence chip boom, turned into what it called a “fright ride” just months later. The newspaper…...
Cryptocurrencies Rally More Than 20% for the Week as Markets Await Warsh’s Jackson Hole Debut
2+ week, 6+ day ago (329+ words) Cryptocurrencies posted weekly gains of more than 20%, but the market paused ahead of Federal Reserve Chair Kevin Warsh’s first speech at Jackson Hole. CoinDesk reported on August 24 that Bitcoin traded near $77,100 in early Asian hours. The token was down slightly…...
Coinone Extends KakaoBank Real-Name Account Partnership by One Year Through August 2027
3+ week, 4+ day ago (131+ words) bloomingbit Coinone said on Aug. 19 that it had extended its contract with KakaoBank for real-name verified accounts by one year through August 2027. Coinone chose KakaoBank as its banking partner for real-name accounts in August 2022. The cryptocurrency exchange also reviewed the…...
Fidelity Loses $513 Million in Korea Fund Assets in Six Months as Market Share Falls to 0.29%
3+ week, 5+ day ago (442+ words) Fidelity Asset Management’s fund assets in South Korea fell by $513 million in six months, pushing its **domestic market share down to 0.29%**. Fidelity funds are being shunned by major distributors and investors because **their returns were 84.4% over three years, below rivals…...
Retail Investors Plow 18.9 Trillion Won Into Leveraged Bets on Kospi Rebound
3+ week, 5+ day ago (314+ words) Amid a recovery in South Korea’s stock market, money has concentrated in ETFs betting on index gains, including **KODEX Leverage** and **KODEX 200**. Daishin Securities said the Kospi’s forward **P/E** ratio is at a historic low of 5.74, leaving room for…...
South Korea Watchdog Monitors Stock-Price Boosting Tactics Used to Dodge Delisting
3+ week, 5+ day ago (440+ words) Financial authorities said they are intensively monitoring listed companies showing signs of **artificial share-price support** and **matched orders** aimed at avoiding delisting. Under tougher delisting rules, companies are being designated as management issues and moved into delisting procedures based on…...