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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.
Industry
SpaceX IPO countdown raises fears of repeat of Figma, Cerebras slump
Jim Cramer raised concerns that SpaceX shares could soar excessively ahead of its IPO, triggering damaging market effects. He assessed the risk of abnormal price spikes on the first trading day and the entry of inexperienced investors using market orders. SpaceX is set to begin trading on June 12 at an IPO price of $135 a share, valuing it at $1.77 trillion. Cramer cited Figma and Cerebras as examples of post-IPO slumps after early surges.
Finance
NH Investment Securities recommends Shin Jae-wook and Bae Gwang-soo as next co-CEOs
NH Investment Securities recommended Shin Jae-wook, head of the real estate and infrastructure business division, and Bae Gwang-soo, head of the wealth management division, as candidates for its next chief executives. The nominations are part of a move from a sole CEO system to a co-CEO structure. The firm plans to seek board approval and hold an extraordinary shareholders meeting on June 30 to appoint the CEOs.
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Crypto
Michael Saylor says Ethereum is not money, ETH collapse talk resurfaces
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Crypto
SpaceX IPO frenzy draws crypto industry as tokens, perpetual futures and betting products proliferate
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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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Finance
SpaceX confirms IPO to raise more than 100 trillion won, contrasting with Korea\'s big-deal drought
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Industry
With 3 million won, retail investors can buy SpaceX shares; five cautions for overseas stock buyers
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Finance
KOSPI ends higher at 7,760 in volatile trade; KOSDAQ surges more than 4 percent
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Crypto
CME, Nasdaq launch crypto index futures spanning bitcoin to XRP
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Finance
Jim Cramer warns SpaceX IPO could face heavy selling on debut from short-term traders
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AI & Enterprise
KOSPI swings wildly day to day, drawing foreign focus as \'crypto-level\' volatility
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Finance
KakaoBank supplies 1.2 trillion won in mid to low credit loans using non-financial data
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Crypto
XRP\'s $1 level at risk as chart points to possible 15 percent further drop
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Industry
U.S. senator presses SEC to delay SpaceX IPO ahead of listing
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Finance
KOSPI slumps again in one day, retreats to 7,700 as selling sidecar triggers
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Telecommunications & Media
Woori Bank to link finance and telecom services for Mongolian workers and students in South Korea
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Crypto
Bitcoin halves off peak; Strive\'s Matt Cole and Binance founder Changpeng Zhao urge no panic