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Finance

NH Investment & Securities posts Q1 operating profit of 636.7 billion won, up 120.3 percent

NH Investment & Securities said on Wednesday it posted a first-quarter operating profit of 636.7 billion won and net profit of 475.7 billion won, its best quarterly results on record. Operating profit rose 120.3 percent from a year earlier and net profit climbed 128.5 percent. Brokerage fee income surged, helped by a jump in domestic stock trading value. Investment banking and asset management results also improved, and wealth management interest income increased.

Finance

South Korean stocks enter era of 400 trillion won ETFs and 5,000 trillion won market cap, but Middle East risk remains

South Korea\'s stock market capitalisation climbed back above 5,000 trillion won after absorbing the shock from the Middle East war, and exchange-traded fund net assets exceeded 400 trillion won for the first time. The market has swung with Middle East-related news and oil prices since late March. Personal funds flowing into equities have increased, while the government is pushing market reforms tied to a bid to join MSCI\'s developed markets index.

Crypto

Pakistan opens banking to crypto operators, mandates customer fund segregation

Pakistan\'s central bank has allowed banks to open and maintain accounts for licensed virtual asset service providers, effectively ending a ban on crypto-related financial transactions in place since 2018. Banks must verify licences issued by the Pakistan Virtual Asset Regulatory Authority or accept a no-objection certificate for limited accounts. The rules require customer funds to be held separately in non-interest rupee accounts and strengthen anti-money laundering and counter-terrorism financing obligations.