Money | BusinessKorea

Saturday, December 16, 2017

Money

Hackers used ransom ware to demand for payment in the past but they are now infecting computers of many users and using them to mine virtual currencies.
Due to High Bitcoin Prices
15 December 2017 - 9:45am
With the price of digital currencies having continuously been on the increase, hackers that are on the make are changing their attack methods. They used ransom ware, which encrypts people's important...
NXC, the holding company of Nexon, Mgame and PATI Games are preparing for digital currency business.
Synergy with Gaming Business?
15 December 2017 - 9:30am
Local game developers are entering the cryptocurrency market one after another. NXC, the holding company of Nexon, Mgame and PATI Games are preparing for digital currency business. The industry...
Korea’s top 100 businesses greatly increased their investments, though their performance dramatically improved this year.
Owing to Investment Expansion
14 December 2017 - 12:15pm
The free cash flow of South Korea’s top 100 businesses in terms of market cap decreased a whopping 35 percent from last year. This is because they greatly increased their investments, though their...
Korean small investors who want to make a profit with a short-term investment have turned their eyes to digital currencies.Korean small investors who want to make a profit with a short-term investment have turned their eyes to digital currencies.
Due to Concerns over Stock Capital Erosion
14 December 2017 - 10:30am
Concerns are being raised that the cryptocurrency market which recently seems to be overheating can encroach on the domestic stock capital. As small investors who want to make a profit with a short-...
The Fair Trade Commission (FTC) of Korea will decide whether or not it will order Samsung C&T to sell off additional shares as early as within this year.
Disposal of Samsung C&T Shares
14 December 2017 - 10:15am
The Fair Trade Commission (FTC) of Korea began a review of the disposal of five million Samsung C&T shares in accordance with the merger of Samsung C&T and Cheil Industries. The FTC will...
The South Korean government has decided to focus more on protecting consumers instead of implementing an all-out ban on cryptocurrency trades.
Restrictive Allowance
14 December 2017 - 9:15am
The South Korean government has decided to focus more on protecting consumers instead of implementing an all-out ban on cryptocurrency trades after an emergency policy meeting on December 13. It...
Controversy over regulation of cryptocurrency is heated up ahead of the Korean government’s decision on it.
Necessary Evil?
13 December 2017 - 10:45am
The South Korean government is planning to ban crytocurrency trading as its negative effects increase. Some experts point out such regulations will cause South Korea to fall behind in the blockchain...
The Korea Development Bank (KDB) will not only stop opening new virtual accounts for digital currency exchanges but also close virtual accounts opened from early next year.
Closing Virtual Accounts
13 December 2017 - 9:45am
The Korea Development Bank (KDB) will stop all the businesses related to cryptocurrency transactions, including bitcoin, from January next year. According to the KDB on December 12, the bank will not...
Financial Services Commission (FSC) Chairman Choi Jong-ku stressed that the FSC will never approve exchanges of crytocurrencies nor introduce futures trading of them in a luncheon meeting with reporters in Seoul on Dec. 11.
Confirming Conservative Stance
12 December 2017 - 9:15am
“I don't see bitcoin transactions as financial deals," Financial Services Commission (FSC) Chairman Choi Jong-ku said in a luncheon meeting with reporters in Gwanghwamun, Seoul, on December 11. "When...
Lee Chang-ki (right), head of the Fintech Business Department at NH Nonghyup Bank shalkes hands with David Rutter (left), chairman of R3CEV.
Blockchain-based Banking
11 December 2017 - 11:45am
NH Nonghyup Bank announced on December 8 that has joined R3CEV, the world's largest block-chain consortium. R3CEV is a consortium of global financial companies with a focus on R3, a Blockchain...
KB Kookmin Bank Lee Hwan-ju (left), head of the Foreign Exchange Business Division of KB Kookmin Bank pose with Edmundo Soriano, vice president of BDO Unibank after signing an agreement in the Philippines on Dec. 6.
Banking Alliance with BDO Unibank
11 December 2017 - 11:45am
KB Kookmin Bank announced on December 8 that the bank signed a business agreement with BDO Unibank on December 6 and promised to provide high quality financial services to Korean residents in the...
After Samsung Heavy Industries announced. on Dec. 6, its plan to raise 1.5 trillion won (US$1.37 billion) by selling new shares and expected to post an operating loss next year, shipbuilding stocks have been on the decrease.
Excessive Concerns?
11 December 2017 - 11:15am
The “Samsung Heavy Industries shock” made nearly 4 trillion won (US$3.65 billion) of major shipbuilding stock market caps disappear in the last three days. Some express concerns over poor performance...

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: