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Games & Commerce

Musinsa steps up summer push as 29CM starts 29 Week and Musinsa Standard launches fans

Musinsa is targeting the summer market by promoting its in-house brand and platform. Musinsa Standard on Sunday expanded its Cooltandard cooling line from apparel into appliances, launching six types of fans. The company-run select shop 29CM also began its largest first-half shopping event, 29 Week. The 10-day promotion runs through June 11 with about 3,000 brands offering discounts of up to 83 percent.

Finance

Mirae Asset Management global ETF assets top 400 trillion won, rank 12th worldwide

Mirae Asset Management said its global exchange-traded fund assets under management topped 400 trillion won, reaching about 421 trillion won as of end-May. The figure totals ETFs it runs across 13 markets including South Korea, the United States, Canada, Australia, Europe, Hong Kong and Japan. ETF research firm ETFGI ranked Mirae Asset 12th among global ETF managers by assets. Its domestic TIGER ETFs and U.S. unit Global X US both expanded.

People

Toss Bank receives letter of appreciation for helping prevent voice phishing

Toss Bank said on Sunday it received a letter of appreciation in the name of the Seoul Metropolitan Police Agency chief from Seoul Gangnam Police Station for its work to prevent voice phishing and other remote financial fraud. The award cited its cooperation framework with the police station and guidance provided on its website on major voice phishing methods and response procedures. The bank also provides fraud-prevention materials and distributes reports on new scam tactics.