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Finance

BNK Financial sets record high market cap of 5.19 trillion won

BNK Financial Group’s holding company posted its highest-ever market capitalisation, according to the Korea Exchange. Its shares closed at 16,710 won on Thursday, pushing its market value to 5.19 trillion won. The closing valuation surpassed the previous record of 5.10 trillion won set on Dec. 22 last year by more than 80 billion won. The rally was driven by foreign investors, who bought net for nine straight sessions from Jan. 19.

Finance

KOSPI closes above 5,200 for first time on Samsung Electronics, SK Hynix results; Kosdaq up 2.7 percent

South Korea’s KOSPI on Jan. 29 closed above the 5,200 mark for the first time, ending up 50.44 points, or 0.98 percent, at 5,221.25, after a sharp intraday swing. Retail investors bought 1.62 trillion won net, while foreigners sold 1.51 trillion won and institutions sold 150.2 billion won. Samsung Electronics reported preliminary 2025 operating profit of 43.6 trillion won and revenue of 333.6 trillion won. The Kosdaq rose 2.73 percent to 1,164.41.

Crypto

Bybit to launch retail bank account offering personal IBAN in February

Bybit will introduce “MyBank” in February, offering users personal IBANs, Cointelegraph reported on Jan. 29. Users will be able to access fiat services, make multi-currency transfers and trade cryptocurrencies in their own names. The service will support various currencies starting with the U.S. dollar, and users can open an account immediately after completing KYC. Bybit is working with Qatar National Bank and DMZ Finance and is pursuing a partnership with Georgia-based startup bank Pave Bank.