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Korean investors upbeat following US approval of bitcoin ETFs

Retail investors in Korea appear to be optimistic about achieving higher profits after a landmark decision by the U.S. securities regulator on bitcoin exchange traded funds (ETFs), Wednesday (local time), which resulted in lowering the barrier between the traditional finance and digital asset industries. ....

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Hanwha Investment Acquires Indonesia's Ciptadana Financial Company

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

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MEXC Global Lists Evrynet (EVRY) in the Innovation Zone

Leading crypto trading platform MEXC Global is thrilled to announce the listing of Evrynet (EVRY) in its innovation zone. The move follows the completion. ....

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Samsung Heavy slightly rebounds after rout from poor earnings, capitalization scheme

Samsung Heavy slightly rebounds after rout from poor earnings, capitalization scheme
Shares of Samsung Heavy Industries Co. recovered Friday after a heavy dip on the previous day as investors displayed disappointment over its first-quarter results and recapitalization scheme of lowering the face value of its stock and then issuing 1 trillion won ($892 million) worth new shares.
Samsung Heavy fell 16.2 percent to close Thursday at 6,000 won on the Seoul bourse after losing as much as 21 percent.
Shares of Samsung Heavy are trading up 1.33 percent at 6,080 won in the morning session of Friday.
The shipbuilder reported an operating loss of 506.8 billion won, stretching as much as 77.8 percent on quarter and 960.3 percent on year after the market closed on Tuesday, followed by a holiday. Sales fell 5.4 percent on quarter and 13.8 percent on year to 1.57 trillion won. It logged a net loss of 535.9 billion won, narrowing from 554.1 billion won from the previous quarter b ....

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Seoul-based payment tech startup CHAI gets $60 million from Hanhwa, SoftBank Ventures Asia – TechCrunch

Seoul-based payment tech startup CHAI gets $60 million from Hanhwa, SoftBank Ventures Asia
Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. This is good news for payment service operators, but the market is very fragmented, so adding payment options is a time-consuming process for many merchants. CHAI wants to fix this with an API that enables companies to accept over 20 payment systems. The Seoul-based startup announced today it has raised a $60 million Series B.
The round was led by Hanhwa Investment & Securities, with participation from SoftBank Ventures Asia (the early-stage venture capital arm of SoftBank Group), SK Networks, Aarden Partners and other strategic partners. It brings CHAI’s total funding to $75 million, including a $15 million Series A in February. ....

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