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Finance
SpaceX IPO draws U.S. retail investors despite overvaluation concerns
SpaceX is moving ahead with an IPO valuing the company at $1.77 trillion, pricing shares at $135, drawing strong interest from U.S. retail investors despite overvaluation concerns. Retail allocation is in the low 20 percent range, above the usual 5 to 10 percent. Fidelity set a $2,000 minimum account balance. Some investors are betting on a first-day surge, while others remain cautious about demand signals and selling restrictions.
Finance
Korean asset managers adjust ETF inclusion schedules ahead of SpaceX listing
South Korea\'s space-themed exchange-traded funds have repeatedly adjusted their plans to include SpaceX ahead of its expected Nasdaq listing. Strong expectations around the listing have drawn large inflows into related ETFs, but managers have changed inclusion and disclosure schedules close to the debut. Some funds plan to add exposure two trading days after listing rather than on the day itself. Investors are being urged to check actual inclusion timing, weights and volatility risks.
Finance
KOSPI reclaims 8,100 as foreigners turn net buyers for first time in 24 sessions
South Korea\'s KOSPI rose more than 4 percent on June 12 to reclaim the 8,100 level, supported by gains in U.S. stocks and strength in semiconductor shares. Foreign investors turned net buyers for the first time in 24 sessions since May 7, while institutions also bought. The Kosdaq climbed more than 3 percent to finish above 1,000. The won weakened slightly against the dollar.
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Telecommunications & Media
FIFA website is most accurate and fastest for South Korea World Cup match information
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Crypto
World Cup to boost prediction markets; Bernstein sees $10 billion in volume
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AI & Enterprise
Dowoo Information to supply YMTC consumer SSD brand ZHITAI in South Korea
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Crypto
Delaware and New Jersey advance bills to ban cryptocurrency ATMs
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Telecommunications & Media
Inflight WiFi satisfaction soars in a year as Starlink adoption shows results
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AI & Enterprise
Industrial AI startup Prometheus raises $12 billion at $41 billion valuation
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Telecommunications & Media
Six information security international standards finally approved, Korea speeds push to lead AI, 6G security standards
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Crypto
XRP selloff shows signs of calming, may trade between $1.05 and $1.25
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AI & Enterprise
AI to automate last mile of labor, Real World aims for human-level robot dexterity
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Crypto
XRP outlook for rest of June shows warning lights over risk of falling below $1
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Crypto
SpaceX joins race as U.S. listed firms net buy 43,557 bitcoin in May
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Finance
Shinhan Bank tightens credit loan controls, limits non-face-to-face applications
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Finance
Shinhan Investment & Securities completes public growth fund subscription, raises allocation for low-income investors to 35 percent
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Fintech
KOSPI surges over 7 percent to reclaim 8,300 level; Kosdaq also back above 1,000
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Crypto
Bitcoin tests $60,000 support as dollar, yields pressure persists