Search results for asset management
Finance
Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era
Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.
AI & Enterprise
Three South Korean AI startups target global AI market using Oracle Cloud
Korea Oracle said VMIC, PromptTown and KAB Labs joined Oracle’s startup cooperation program Miracle and enhanced industry-specific work processes using Oracle Cloud Infrastructure. It said Miracle is jointly run by Oracle, the Ministry of SMEs and Startups, KISED and Seoul National University of Science and Technology. The companies reported lower infrastructure costs, faster processing speeds and plans to support customers across global hubs.
Crypto
Shinhan Investment Securities invests in Canton Network operator Digital Asset
Shinhan Investment Securities has invested in Digital Asset, the operator of the institutional blockchain Canton Network, to expand cooperation in digital assets and tokenisation. The firm said it participated as an investor together with Shinhan Venture Investment. The investment was made by joining a $355 million funding round led by a16z Crypto. Digital Asset, founded in 2014, operates Canton Network, a public layer-1 blockchain designed for financial institutions.
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Finance
Samsung Asset Management FunETF expands information to 5,500 U.S.-listed ETFs
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Finance
Hana Financial holds AX workshop for 140 executives, designs AI agents
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Finance
Four major financial groups\' net profit tops 11 trillion won, competition shifts from banks to capital markets
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AI & Enterprise
KT steps up financial sector AX, pledges to prove AI adoption results with numbers
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Finance
NH NongHyup Financial first-half net profit rises 9.2 percent to 1.78 trillion won
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Finance
Hana Financial posts 2.4029 trillion won first-half net profit, fee income up 37.7 percent
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Crypto
White House says ethics provisions are sufficient, Democrats say still not enough as CLARITY Act dispute continues
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Finance
JB Financial posts record Q2 net profit of 219.6 billion won, driven by capital unit
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Finance
KB Securities posts 600.6 billion won Q2 operating profit, up 175.5 percent
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Finance
KB Financial first-half net profit 3.88 trillion won, non-bank contribution 44 percent
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Finance
Shinhan Financial first-half net profit rises 13.3 percent on strong brokerage
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Crypto
U.S. SEC commissioner targets crypto vaults and on-chain lending, may fall under securities laws
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Crypto
U.S. CLARITY Act gains momentum, bitcoin stretches higher
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Finance
ETF net assets fall nearly 57 trillion won as stocks slump; single-stock leverage swings
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Crypto
Goldman Sachs launches investment platform targeting pre-IPO unicorns