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Finance

Mirae Asset Securities customized wrap account balance tops 6 trillion won

Mirae Asset Securities said on Tuesday that client balances in its one-on-one customized wrap account service exceeded 6 trillion won. The brokerage said the balance rose from 5 trillion won in September, with 57 percent of the 1 trillion won increase coming from investment gains and 43 percent from new subscriptions. It said it adjusted bond allocations to respond to changes in the interest rate environment and increased exposure to domestic equities, reshaping portfolios around Samsung Electronics and SK Hynix.

Games & Commerce

Smilegate Future Lab partners Seoul Metropolitan Science Museum for robot, AI-based youth creative education

Smilegate Future Lab said on Tuesday it signed an MOU with the Seoul Metropolitan Science Museum to expand creative learning environments for teenagers. The partners will operate the museum’s companion-robot invention programme in conjunction with Smilegate’s Futurebee Challenge. They also agreed to jointly develop creative, science and culture content and share online and offline platforms. The two sides plan broader cooperation, including exchanges of specialists and mutual support for spaces used for exhibitions and events.

Finance

President Lee Jae-myung says won-dollar rate likely to fall to around 1,400

President Lee Jae-myung said authorities predict the won-dollar exchange rate will fall to around 1,400 in a month or two despite a persistently high level. Speaking at a New Year news conference, he said the situation is not unique to South Korea and is difficult to reverse through policy. He cited record exports of $700 billion and a continuing trade surplus, and said the market is driven by supply and demand.