According to News1, Kim Byung-hwan, chairperson of the South Korean Financial Commission, said on allowing legal persons to invest in virtual assets: "The content of the legal person account was omitted from the press release issued by the Virtual Asset Commission (meeting) last week. So there is speculation whether it will not be advanced, but it is not the case. Since the committee has discussed the relevant content before, we will determine the position and announce it as soon as possible." H...
Joanne Hsu, director of consumer surveys at the University of Michigan, said the Consumer Confidence Index confirmed data from the beginning of the month, rising for the fifth straight month to a new high since April 2024. Consumers believe the economy has improved substantially as inflation slows, but they do not feel they are in a good state of development; the current sentiment is roughly between the all-time low reached in June 2022 and data from before the COVID-19 pandemic. Inflation expec...
The consumer confidence index rose for the fifth straight month to its highest level in seven months, according to Joanne Hsu, director of consumer surveys at the University of Michigan. The surge in purchasing conditions for durable goods sent the current economic conditions index soaring more than 20 percent. However, the situation is not a sign of economic strength, but rather because consumers believe buying now can avoid future price increases. One-year inflation expectations rose to 2.9 pe...
South Korea's Financial Services Commission (FSC) plans to allow public institutions such as universities to trade cryptocurrencies by 2025, eventually allowing companies to open enterprise crypto wallets. Several major universities have received cryptocurrency donations in recent years. But current government guidelines prohibit them from selling cryptocurrencies for cash. Although there is no law explicitly prohibiting public institutions and public institutions from...
Jason Hsu, founder of Allspring Global Advisors, believes that the current political situation in South Korea has created an opportunity to buy key companies in the semiconductor supply chain at low prices, which will still benefit from trends such as artificial intelligence and moves to diversify the supply chain, thus benefiting from the long-term bull market in the chip industry. "This has nothing to do with the political situation," Hsu said, blaming a president who has lost support for the ...
Joanne Hsu, director of consumer surveys at the University of Michigan, said the consumer confidence index was essentially flat for the fourth straight month, edging up 1.4 points. As this month's election made headlines, sentiment among Democrats rose 6 percent after Harris replaced Biden as the Democratic presidential nominee. Sentiment among Republicans was...