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Crypto

Hanwha Investment & Securities invests 30 billion won in U.S. blockchain firm Digital Asset

Hanwha Investment & Securities has invested about 30 billion won in Digital Asset, a blockchain infrastructure company focused on global finance. The company said on July 16 it completed a strategic investment of about 30 billion won in Digital Asset Holdings. New York-based Digital Asset operates the Canton Network, an open blockchain for financial services adopted by major institutions including Goldman Sachs and the Depository Trust & Clearing Corporation.

People

Hana Financial Group supports samgyetang for 4,000 vulnerable elderly in Incheon

Hana Financial Group carried out a social contribution activity for vulnerable elderly people in the Incheon area. The group said on July 16 it held a volunteer event on July 15 at the Gajwa Senior Culture Center in Seo-gu, Incheon, sharing health-boosting meals and delivering “happiness boxes.” Employees served samgyetang to visitors and delivered boxes with meals and instant rice to homes. The group plans to provide samgyetang to about 4,000 people through July 24.

Finance

KOSPI slumps more than 5 percent, breaks below 7,000; selling sidecar triggered

South Korea's KOSPI fell more than 5 percent in early trading on Wednesday, dropping below the 7,000 level a day after surging more than 6 percent. Selling pressure widened, led by semiconductor heavyweights, triggering a selling sidecar that temporarily halted the effectiveness of program sell orders. Individuals were net buyers, while foreigners and institutions were net sellers. The Kosdaq also fell, while the won edged up against the dollar.