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Crypto

Samsung Securities, Samsung SDS and Samsung Card to buy 4% stake in Dunamu

Samsung Securities, Samsung SDS and Samsung Card will expand cooperation in digital asset businesses through an equity investment in Dunamu. The three companies said on May 28 they decided to acquire 1.39 million shares, equal to a 4.0 percent stake in Dunamu, for 612.8 billion won from shares held by a Kakao affiliate. Samsung Securities will take 2.0 percent, Samsung SDS 1.0 percent and Samsung Card 1.0 percent.

Crypto

Strategy\'s record buying fails to lift bitcoin as high-rate worries weigh

Strategy, known for its bitcoin investment strategy, has overtaken BlackRock to become the largest holder of bitcoin. Despite aggressive buying, bitcoin slid to a three-week low, stoking market unease. Investors are focusing on worries that high U.S. interest rates will persist, with the Federal Reserve maintaining a tight stance and core PCE inflation stuck around 2.9 percent. Rising U.S. Treasury yields and net outflows from spot bitcoin ETFs have also weighed on sentiment.

Industry

Emart Q1 operating profit 178.3 billion won; Traders posts record quarterly sales

Emart said on Tuesday its first-quarter operating profit rose 11.9 percent from a year earlier to 178.3 billion won on consolidated revenue of 7.12 trillion won, its best first-quarter result since 2012. Separate operating profit increased 9.7 percent. Traders led the improvement with record quarterly sales of 1.06 trillion won and higher profit. Emart also reported higher April sales and growth at key subsidiaries.