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Finance

Mirae Asset Securities pension assets top 70 trillion won, up 61 percent in a year

Mirae Asset Securities said its pension assets exceeded 70 trillion won as of April 20, reaching 70.1 trillion won. That was up 26.6 trillion won, or about 61 percent, from 43.5 trillion won a year earlier. Retirement pension balances rose to 45.8 trillion won from 30.1 trillion won, while personal pension balances increased to 24.3 trillion won from 13.4 trillion won. The company cited client performance and global asset allocation.

Crypto

Strive buys 789 more bitcoin, pushes ETF launch

Bitcoin investment firm Strive bought an additional 789 bitcoin, lifting its corporate holdings to more than 14,000, according to a report by The Block Crypto. The purchase cost $61.43 million, at an average price of about $77,890 per bitcoin. CEO Matt Cole disclosed the purchase, taking total holdings to 14,557 bitcoin valued at about $1.3 billion at current prices. Strive also outlined plans for an ETF tied to preferred shares.

Industry

LG Display Q1 operating profit up 338 percent to 146.7 billion won

LG Display said it posted first-quarter sales of 5.53 trillion won and an operating profit of 146.7 billion won, up 338 percent from a year earlier. It said the result was its biggest first-quarter profit since 2021, driven by a shift to an OLED-centred portfolio. It logged a third straight profitable quarter and said OLED made up 60 percent of sales. EBITDA was 1.14 trillion won, with a margin of 20.6 percent.