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Like hot tech shares, Bitcoin falls as US bond yields riseMarketsFeb 26, 2021Bitcoin declined Friday, falling below 53 million won ($48,100) in the week that the largest cryptocurrency is suffering its worst pullback in a year. The digital currency fell to as low as 52.88... -
Bitcoin moves with extreme volatility amid warningsMoneyFeb 24, 2021Bitcoin prices continued to fluctuate on Wednesday as authorities in and out of the country expressed concerns over the digital coin’s volatility. After plunging 22 percent from Sunday’s record high... -
Once-hot P2P lending industry faces tough road aheadMarketsFeb 23, 2021Peer-to-peer lending platforms that were once the talk of the town are facing a myriad of challenges amid ongoing litigation and tougher regulations, highlighted by a lawsuit against Tera Funding, ex... -
Seoul to tax crypto gains, bring in more regulationsMarketsFeb 22, 2021South Korean investors who make more than 2.5 million won ($2,260) from cryptocurrency trading will face a 20 percent tax starting next year, according to the Ministry of Economy and Finance on Monda... -
Bitcoin is now worth more than its weight in goldMarketsFeb 21, 2021The price of Bitcoin surged to another record high over the weekend, becoming more expensive than 1 kilogram of gold. The digital coin was being traded for more than 65 million won ($58,800) as of S... -
Woowa Brothers' founder joins super wealthy donation campaignMoneyFeb 18, 2021Kim Bong-jin, the founder and chairman of a local delivery app operator Woowa Brothers, on Thursday joined the bandwagon of rich, self-made South Koreans donating substantial amounts of their assets ... -
Zero Pay mulls partnership with China’s UnionPayMarketsFeb 17, 2021Zero Pay, a mobile payment app developed by Seoul City, is considering a partnership with China’s financial platform UnionPay International, the company’s official said Wednesday. “We’re negotiating... -
Security concerns arise over soaring digital currenciesMarketsFeb 16, 2021As the prices of Bitcoin and other cryptocurrencies approach record highs, digital currency exchanges are reaping the benefits of increased traffic, but are simultaneously burdened with security conc... -
Hyperconnect deal hints another record year for Korean VCsMarketsFeb 15, 2021Korea’s venture capital firms are expected to see another strong year, following a record performance in 2020, amid a rise in the valuations of domestic startups and increased options for an investme... -
New law to allow reversal of fat-finger transactions via Kakao Pay, TossMarketsFeb 10, 2021Mistaken transactions made through mobile payment apps will be subject to aid from a state-run deposit insurer after a revision of a depositor protection legislation takes effect later this year. St... -
Bitcoin hits record on Tesla’s $1.5b betMarketsFeb 9, 2021Bitcoin prices hit a record high on Tuesday, as US electric vehicle maker Tesla unveiled it had purchased $1.5 billion in bitcoin. Bitcoin prices inched closer to 50 million won ($44,800) each in Ko... -
![[Herald Interview] ‘Stock investment: A lifelong game’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/02/07/20210207000115_0.jpg)
[Herald Interview] ‘Stock investment: A lifelong game’MoneyFeb 7, 2021In his early 30s, Kim Dong-joo felt no need to make more money a few years after selling his own social commerce startup to the nation’s top mobile messenger operator Kakao. The 2011 sale carried ou... -
K bank sees record inflow of deposits, new customers in Jan.MoneyFeb 4, 2021South Korea’s first internet-only lender, K bank, saw a hike in term deposits in January backed by new customers looking to invest in bitcoins through the online bank. Under the partnership between ... -
With easy-to-use app, Toss aims to captivate young, new stock investorsMarketsFeb 3, 2021Toss Securities, the brokerage arm of South Korea’s leading fintech startup Viva Republica, on Wednesday unveiled a mobile trading system with a goal to attract 1 million active users within the year... -
Kakao Bank to target loan market for low credit borrowersMoneyFeb 2, 2021Kakao Bank, South Korea’s second internet-only lender, will expand loans for those with low to moderate credit scores and make a foray into the business loan area within the year, the company’s CEO s...
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