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The Bank of Korea has decided against holding bitcoin as a reserve asset, citing significant risks associated with its volatility and regulatory uncertainties. This decision reflects a cautious approach to integrating cryptocurrencies into national financial strategies.
The Bank of Korea has decided against creating a bitcoin reserve due to concerns over its high volatility and non-compliance with IMF guidelines, which emphasize prudent risk management. This cautious approach mirrors the stance of financial authorities in Japan, Switzerland, and the European Central Bank, contrasting with the US's recent move to establish a Strategic Bitcoin Reserve. Meanwhile, South Korea is easing restrictions on institutional cryptocurrency trading and working on a legal framework for stablecoin oversight.
UBS has initiated coverage of HD Hyundai Electric with a Buy rating and a target price of KRW460,000, citing the company's strong position in the high voltage power transformer market. Analysts believe HD Hyundai Electric's focus on this sector will drive significant profit growth, especially as supply constraints persist. Currently trading at a lower valuation than global peers, the company is expected to leverage its market advantages for enhanced financial performance in the near future.
UBS has initiated coverage on Hyosung Heavy Industries Corp with a Buy rating and a target price of KRW530,000, citing potential profitability improvements in 2025 driven by power transformer sales. While acknowledging risks in the construction division, analysts are optimistic about strong profit growth and a recovery in share price, fueled by exceeding orders and earnings expectations.
UBS has initiated coverage of LS Electric with a Neutral rating and a target price of KRW 213,000, citing the company's long-term growth potential in the electrical equipment sector. However, its limited presence in large power transformers and cautious outlook on industrial capital spending may hinder performance. While there are opportunities in data center expansion, these are already reflected in the stock's valuation, leading to a balanced perspective on the company's prospects.
UBS has initiated coverage of HD Hyundai Electric with a buy rating and a target price of KRW 460,000, citing the company's strong position in the high-voltage power transformer market. Analysts believe its specialization leads to superior profitability and a favorable outlook, especially as demand for high-voltage products remains robust. Following a market correction, HD Hyundai Electric's stock is seen as undervalued compared to global peers, with expectations for significant profit growth in 2025.
This week saw a surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March as the region's startup ecosystem continues to evolve.
This week marked a significant surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March, potentially signaling a revitalization in the region's investment climate.
Mini Korea has launched its all-electric lineup, including the Cooper, Countryman, and the new Aceman, at the BMW Driving Center. The Aceman, exclusively electric and positioned between the Cooper and Countryman, features a 312-kilometer range. The Cooper offers 218 horsepower and a 300-kilometer range, while the Countryman EV boasts up to 313 horsepower, showcasing impressive performance during a test drive. All models incorporate Samsung Display's circular OLED screens.
Mini Korea has launched its all-electric lineup, including the Cooper, Countryman, and the new Aceman, at the BMW Driving Center. The Aceman, exclusively electric and positioned between the Cooper and Countryman, features a 312-kilometer range. The Cooper offers 218 horsepower and a 300-kilometer range, while the Countryman EV boasts up to 313 horsepower, showcasing impressive performance during a test drive. All models incorporate circular OLED displays from Samsung Display.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Bank of Korea rejects bitcoin reserves due to associated risks
11:01 17.03.2025
Bank of Korea rejects bitcoin reserve due to volatility and risks
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08:20 17.03.2025
UBS initiates buy rating for HD Hyundai Electric with target of KRW460000
07:07 17.03.2025
ubs initiates buy rating for hyosung heavy with krw530000 target
07:07 17.03.2025
ubs rates ls electric shares neutral with target price of 213000 krw
06:48 17.03.2025
ubs initiates coverage of hd hyundai electric with buy rating and target price
06:47 17.03.2025
asia's tech sector sees surge in mergers and acquisitions this week
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10:30 15.03.2025
Asia's tech sector sees record M&A activity and significant funding deals
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10:30 15.03.2025
Mini Korea launches all-electric lineup including Cooper Countryman and Aceman
06:45 14.03.2025
Mini Korea launches all-electric lineup including Cooper Countryman and Aceman
06:45 14.03.2025
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