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Finance

KB Securities consortium named preferred bidder for Homeplus Yeongdeungpo store purchase

A consortium led by KB Securities was named the preferred bidder for the purchase of the Homeplus Yeongdeungpo store, it said on April 28. The consortium plans to establish a project financing investment vehicle in May and complete procedures for signing the main contract and paying the deposit. It then plans to raise a bridge loan in July to secure ownership and develop apartments on the site after approvals.

Crypto

Four Pillars raises Series A funding, targets shift to Web3 solutions

Blockchain research and technology company Four Pillars said it raised Series A funding from global investors Pantera Capital and Further Ventures. The round was led by Pantera Capital, a crypto-focused investment firm for institutional clients. Four Pillars said the financing valued the company at about 30 billion won on a post-money basis. It said it will rebrand as a Web3 Solution Company and focus on bridging Asia and global markets, translating between traditional finance and Web3, and expanding beyond research into solutions.

Finance

Woori Investment Securities posts 70.1 billion won Q1 net operating revenue, led by non-interest income growth

Woori Investment Securities said on Thursday its first-quarter net operating revenue rose 75.0 percent from a year earlier to 70.1 billion won, driven by growth in non-interest income. Non-interest income increased 173.3 percent to 41.4 billion won, reversing the balance with interest income. Investment banking fees and securities-related gains rose sharply. Client custody assets increased to 20.3 trillion won, and the board approved a 1 trillion won rights offering.