Search results for Dec. 31
Crypto
NH Investment & Securities sets up digital asset team to prepare STO business
NH Investment & Securities has set up a dedicated organisation to respond to the inclusion of digital assets in the regulated system and the institutionalisation of tokenised securities (STO). It formed a digital asset task force on July 22 to identify business opportunities and build an execution base. The team will operate through Dec. 31, with an option to extend, and will prepare business models and short-term tasks ahead of an STO law due in February.
Crypto
Exodus cuts workforce 25 percent in restructuring
Cryptocurrency wallet firm Exodus is cutting 25 percent of its workforce as it restructures its organisation. The company said it is reducing headcount to adjust its cost structure and organisational priorities to fit a strategy to build a full-stack card issuance and payments platform. The announcement followed Exodus\' acquisitions of Monavate and Vank. Exodus reported 215 full-time employees as of Dec. 31 last year.
Games & Commerce
Naver-Dunamu merger hurdle eases as committee recommends amending enforcement decree
South Korea\'s Presidential Regulatory Reform Committee\'s growth subcommittee reviewed an enforcement decree revision to the Act on Reporting and Using Specified Financial Transaction Information on July 24 and recommended that the Financial Services Commission add an exception to fit-and-proper screening rules for major shareholders of virtual asset service providers. The recommendation could ease regulatory burdens raised during Naver\'s bid to acquire Dunamu. The revised law is set to take effect on Aug. 20.
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Industry
Samsung Electro-Mechanics signs 300 billion won AI server MLCC supply deal with global major company
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Telecommunications & Media
Broadcasting Media Communications Committee releases 2024 broadcast assessment; KBS1, MBN top scores by platform
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Finance
Governance rules added to performance scorecard as fate of South Korea’s top five bank chiefs hangs in balance
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Crypto
US Clarity Act faces four-week test as prediction market sees 32 percent chance of passage by end-2026
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Telecommunications & Media
BCMTC grants conditional licence renewal to Blue Broadcasting after failing score threshold, 5-year term
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Finance
Toss Bank extends international remittance fee waiver until year-end
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Crypto
Fed CBDC ban through 2030 becomes law without Trump signature
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Crypto
Mirae Asset clears Korbit takeover as Naver-Dunamu tie-up stalls
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Games & Commerce
Ohouse to support standard work solution for small interior contractors
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Crypto
Trump says bitcoin could be added to child investment accounts; if U.S. doesn\'t, China will
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Crypto
Naver Financial-Dunamu share swap delayed again to year-end
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Finance
Woori Bank teams up with Toss Place to improve payment environment for small merchants
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Finance
KakaoBank runs preferential rate event for salary deposit customers
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Finance
Banks to apply step 2 stress DSR to non-capital mortgages in second half
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Industry
Samsung Electro-Mechanics signs 450 billion won MLCC deal with global big tech