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Finance

Toss Card Lounge visitors up 11-fold a year after launch

Viva Republica\'s PC-based card comparison and recommendation service, Card Lounge, has recorded an 11-fold increase in monthly visitors a year after its launch, Toss said on Wednesday. Visitors in June were about 11 times those in the first month after launch in July last year. The number of users who compared cards rose about threefold, while completed card applications increased about 10-fold.

Crypto

Coinone becomes latest crypto exchange target in stake-buying race after Dunamu

Moves by South Korean financial firms to secure stakes in digital asset exchanges are accelerating as expectations grow that the separation of finance and digital assets may ease. Coinone held a signing ceremony for a strategic equity investment deal with Korea Investment Securities, OKX Ventures and Com2uS Holdings. Korea Investment Securities and OKX Ventures will each acquire 20 percent. The deal reshapes Coinone’s ownership while keeping CEO Cha Myung-hoon as the largest shareholder.

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.