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Top related persons:
Luna - 1 Kown - 1 1,278.5000 - 1 Jihoon Lee - 1 Michael Perry - 1
Top related locs:
SEOUL South Korea Montenegro United States
Top related orgs:
Joint Investigation - 1 Crypto - 1 Prosecutors - 1 Office - 1 Thomson - 1

Search resuls for: "Kown"


2 mentions found


☆ South Korea launches interagency investigation team to tackle rising crypto crimes
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +2 min
SEOUL, July 26 (Reuters) - South Korea launched an interagency investigation unit to tackle crypto-currency crimes on Wednesday amid a surge in illegal activities in the market and a lack of legal protections for investors. The Joint Investigation Centre for Crypto Crimes will be manned by some 30 personnel from judicial, financial, tax and customs agencies, the Prosecutors' Office said in a statement. The Prosecutors' Office said that until the crypto-currency market was regulated under law, the investigation team would fill the gap in investor protection. South Korea's crypto-currency market, which had been one of the fastest growing in the world, shrank 66% last year by market capitalisation, on a series of global and domestic events dampening investor sentiment, on top of high interest rates. Across local crypto-currency exchanges, suspected crime-related transactions jumped 1,263%, to 900 in 2022 from 66 in 2021, according to the statement.
Persons: Luna, Kown, 1,278.5000, Jihoon Lee, Michael Perry Organizations: Joint Investigation, Crypto, Prosecutors, Office, Thomson Locations: SEOUL, South Korea, Montenegro, United States
☆ Morgan Stanley says this Tesla-supplying global battery material stock could soar by 81%
  + stars: | 2022-11-07 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Morgan Stanley expects shares in Asian battery component maker L & F Co to rally by 81% by the end of next year. Morgan Stanley maintained its price target and rating on the stock despite the delays to the U.S. joint venture. L & F, which also supplies battery materials to SK Innovation, LG, and Samsung , said it intends to resubmit its application to the South Korean government in the fourth quarter. Equity analysts at Jefferies have a buy rating and 370,000-won price target on the stock, implying a 67% upside. "L & F team has not seen any order slowing from key end customer (TSLA) and expects a continued sequential increase in the next two quarters," Kown said in a note to clients on Oct. 16.
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