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Search results for Sangyeop Oh

Crypto

Upbit, Bithumb earnings slump as trading value falls, push to diversify in H2

South Korea\'s digital asset trading market has contracted, sharply reducing first-half results at leading exchanges Upbit and Bithumb. Dunamu, which operates Upbit, said operating profit fell about 80 percent from a year earlier, while Bithumb\'s operating profit dropped more than 80 percent and it posted a net loss amid digital asset valuation losses. The two firms are expanding services and preparing for corporate clients while boosting compliance and security investment.

Finance

Samsung Securities ghost shares lawsuit ends after 7 years; top court upholds 1.87 billion won payment to NPS

South Korea\'s Supreme Court has wrapped up a damages lawsuit filed by the National Pension Service over losses from Samsung Securities\' so-called ghost shares dividend incident. The court upheld an appeals court ruling that limited Samsung Securities\' liability to 50 percent of the total loss and ordered it to pay about 1.87 billion won. The ruling also maintained the method of calculating losses based on the gap between sale prices and a normal price absent the incident.

Finance

ISA revamp plan under review after reconsideration, compared with advanced financial countries

South Korea\'s government is reviewing whether to scrap or ease limits in its ISA revamp plan, including restrictions on rolling over unused contribution limits and maturity caps for a productive finance ISA. The move follows investor backlash and President Lee Jae-myung\'s order for a full reconsideration. The article compares practices in Japan, Britain and Canada, where tax-advantaged accounts allow long-term use, flexible withdrawals and rollover of unused limits.