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Crypto
Toss to work with Kyobo Life on use of digital assets in financial services
Viva Republica, operator of South Korean finance app Toss, is partnering with Kyobo Life Insurance to explore ways to apply digital assets to financial services such as insurance. Toss said it signed a memorandum of understanding on Aug. 7 to cooperate on building a digital-asset ecosystem and services. The two plan to pursue a proof of concept, share information to set standards compliant with regulations and assess areas where digital assets could be used in practice.
Finance
Shinhan Bank opens Shinhan SOL Cluster Busan to boost financial support for marine industries
Shinhan Bank is strengthening financial support for marine industries in South Korea’s southeast region, centred on Busan. The bank said it held an opening ceremony on Aug. 11 for its Shinhan SOL Cluster Busan at the Busan Seomyeon Financial Center. Operating since July 1, the regional platform will identify companies and support them from demand diagnosis to financing execution, including links to policy finance and Shinhan Financial Group services.
Games & Commerce
Musinsa enters Philippines, signs distribution deal with Ayala Group
Musinsa is entering the Philippine market, where demand for K-fashion has risen, with a local partner. The company said on Tuesday it signed an exclusive distribution agreement with ACX Holdings, a retail affiliate of the Ayala Group. Musinsa plans to expand offline channels in stages using ACX Holdings’ distribution infrastructure. It aims to open its first Musinsa Standard store in Glorietta mall in Makati, Manila, in the second half of this year.
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Finance
Banksalad expands AI-based insurance consulting with first BFS cohort
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Fintech
Mirae Asset Securities Q2 operating profit nearly 2.49 trillion won, up 397.5 percent year on year
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Crypto
Bitcoin slides 20 percent in 90 days even as stocks rise, widening divergence
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Industry
Sony, TSMC to set up $4.69 billion image sensor joint venture in Japan
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Crypto
Was $57,700 the bottom for bitcoin? Quarterly chart shows rebound signal
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Crypto
Dormant bitcoin whale moves after 12 years, returns near 8,000 percent
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Crypto
David Schwartz rejects Bitcoin Knots attack claim, says it misleads investors
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Crypto
U.S. SEC, CFTC accelerate pro-crypto policy despite Clarity bill delay
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Crypto
Strategy's cash pile raises question for bitcoin-holding firms
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Crypto
Billionaire Tim Draper says bitcoin era is coming, maintains $250,000 forecast
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Crypto
UK ranks third in bitcoin adoption, but 60,000 seized BTC cannot be held as reserves
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Games & Commerce
Com2uS Q2 operating profit 7.2 billion won, up 421 percent
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AI & Enterprise
KT posts Q2 consolidated revenue of 6.68 trillion won, operating profit of 648.3 billion won; AX business up 22.3 percent
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Industry
LG Display steps up academia-industry ties with Yonsei University to secure talent
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AI & Enterprise
Cloocus partners with OpenAI to accelerate push into enterprise market