Korea Finance – Aisa Net http://aisa-net.com/ Sun, 09 Jan 2022 11:19:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://aisa-net.com/wp-content/uploads/2021/05/aisa-net-icon-150x150.png Korea Finance – Aisa Net http://aisa-net.com/ 32 32 South Korea boosts Nigeria’s solar projects with $ 12.4 million https://aisa-net.com/south-korea-boosts-nigerias-solar-projects-with-12-4-million/ Sun, 09 Jan 2022 10:32:31 +0000 https://aisa-net.com/south-korea-boosts-nigerias-solar-projects-with-12-4-million/

South Korea has allocated $ 12.4 million to finance the installation of solar mini-grids in rural Nigeria.

The project, led by the Korea Institute for Technological Advancement (KIAT), is expected to begin in April 2022.

With its “30:30:30 Vision”, Nigeria hopes to have 30 GW of installed electricity capacity by 2030, of which 30% will come from renewable sources.

In order to achieve full electricity coverage of its territory, the West African country is turning to several development partners such as South Korea, which will allocate in 2022 funding of just over 12.4 million euros. dollars for the installation of solar mini-grids in rural areas.

The initiative is led by the Korea Institute for Technological Advancement (KIAT) and supported by the Korea Ministry of Energy, Korea Polytechnic University, and energy providers S&D Powernics and ILJIN Electrics.

The solar mini-grid project strengthens Nigeria’s plan to accelerate its electrification and will bring the benefits of electricity to unserved people, including improved security and nighttime activity.

For Young-Chae, Ambassador of the Republic of South Korea to Nigeria, the long-term goal is to serve high-demand rural communities with a stable and sustainable electricity solution. “The project will require the installation of transmission and distribution lines, the supply of electrical equipment and systems, and training for operation and maintenance,” he explained.

Nigeria is the most populous country on the African continent with a population estimated by the World Bank at over 206 million inhabitants by 2020. In rural areas, 66% of households still do not have access to electricity .

Since 2020, 3.5 billion dollars in agreements have already been signed with the World Bank, in particular to reduce the indebtedness of operators, fight against fraud and optimize distribution.

The government has launched a partnership with the German group Siemens to modernize the network and audit the entire sector, in order to increase production capacity to 30,000 MW by 2030, against the current 5,500 MW.

In 2019, the European Union granted Nigeria 195 million euros to promote access to electricity for the population, to support companies that invest in the off-grid.

Investment firm All On, funded by Anglo-Dutch oil company Shell, recently invested $ 1 million in Salpha Energy, a Lagos-based company with 350 users, including individuals.

The Nigerian company distributes solar home systems in rural Nigeria.

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The POSCO group will participate in CES 2022, the world’s largest exhibition of IT and electronics convergence. https://aisa-net.com/the-posco-group-will-participate-in-ces-2022-the-worlds-largest-exhibition-of-it-and-electronics-convergence/ Fri, 07 Jan 2022 16:30:00 +0000 https://aisa-net.com/the-posco-group-will-participate-in-ces-2022-the-worlds-largest-exhibition-of-it-and-electronics-convergence/

LAS VEGAS, January 7, 2022 / PRNewswire / – The POSCO Group will present the “POSCO Venture Platform” to learn about and invest in the group’s future growth activities at CES 2022, to be held in Las Vegas for 3 days from January 5and set up a showroom in collaboration with promising companies that have been discovered and are growing through POSCO Venture Platform.

Check out the interactive multimedia press release here: https://www.multivu.com/players/English/9000151-posco-group-ces-2022/

POSCO ENTERPRISE PLATFORM

Consumer Electronics Show (CES) is the world’s largest digital high-tech show, and approximately 2,100 companies from 159 countries will participate online and offline at CES 2022. As it will be open as an offline exhibition for the first time in two years due to the influence of COVID-19, the world is careful to take advantage of future new technologies and trends in one place.

The POSCO Group will jointly create exhibition halls with POSTECH and * RIST to introduce a venture capital platform using POSCO’s industry, academia and research infrastructure, and organize information sessions for 13 venture capital firms, including six POSCO promoting venture capital firms, two POSCO International promoting venture capital firms, and five POSTECH venture capital firms.

* RIST (Industrial Science and Technology Research Institute, Pohang Industrial Science and Technology Institute)

In particular, Graphene Square, which moved its headquarters to Pohang in October 2021 and built a mass production system of graphene called “New Material of Dreams”, with POSCO, POSTECH, RIST and Pohang City, will also participate in the exhibition to showcase the technology of mass production of graphene. RIST plans to introduce mobile platform technologies that can prevent fire hazards in advance, such as artificial intelligence-based fire monitoring autonomous driving robots.

POSCO builds a sustainable business ecosystem by creating a business valley based on its own system of industry-university-research cooperation and leading $ 1 billion venture capital investments through venture capital funds. In particular, POSCO actively supports the commercialization of venture capital companies, from the incubation of start-ups to product development and market development, and opens a “Change-Up Ground” in Pohang in July 2021, Following Seoul subsidiary created in 2020, to build a solid base allowing risk companies to use Korea’s best scientific and technological infrastructure.

Last month, POSCO set up a venue to shed light on the efforts and achievements of * IMP over the past 10 years and proclaimed a “Good To Great” vision that includes POSCO’s desire to revitalize the startup ecosystem. for the next 10 years.

* IMP: Idea Market Place (program to accelerate the growth of the POSCO group)

Meanwhile, POSCO’s venture capital firms “Pet Now” and “AI FOR PET” have drawn attention as they were each selected for “Best Innovation Award” and “Innovation Award” by the Consumer Technology Association. (CTA) organized by CES.

* Pet Now: development of a pet identification platform based on artificial intelligence.

** AI FOR PET: Development of a pet health diagnostic platform based on artificial intelligence.

POSCO ADVENTURE VALLEY

POSCO ADVENTURE VALLEY

Cision

Cision

View original content: https://www.prnewswire.com/news-releases/posco-group-will-participate-in-ces-2022-the-worlds-largest-it-and-electronics-convergence-exhibition-301456324 . html

POSCO SOURCE

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Nuclear and natural gas taxonomy battles brewing in Europe and South Korea https://aisa-net.com/nuclear-and-natural-gas-taxonomy-battles-brewing-in-europe-and-south-korea/ Wed, 05 Jan 2022 14:19:28 +0000 https://aisa-net.com/nuclear-and-natural-gas-taxonomy-battles-brewing-in-europe-and-south-korea/

A project to leak the European Commission’s proposal to qualify certain natural gas and nuclear power plants as “transitional” or “green” investments has caused some members of the European Union (EU) to retreat. Critics are also mounting in South Korea, where liquefied natural gas (LNG) has been included in its new green taxonomy guidelines, but nuclear has been left out.

Battles around “green” taxonomy are mobilizing given their potentially significant influence on green finance. A taxonomy is essentially a document, usually binding, that serves to define factual and scientific views on the sustainability of an asset class. In other words, it creates a “common language” that investors can use to determine what sustainable economic projects and activities the market needs to meet climate and environmental goals.

In the EU, for example, taxonomy regulation is designed to encourage the allocation of capital to companies’ environmental objectives over the next 30 years until 2050. But the taxonomy could also apply to public funding, for example by designating projects that may be eligible for certain public funding. In the meantime, companies around the world are also voluntarily relying on these “green lists” in environmental, social and governance (ESG) criteria, which are integrated into sustainability and transition strategies.

EU considers inclusion of gas and nuclear

In Europe, the taxonomy debate intensified on January 1, after the The European Commission has announced it had started consultations with Member States on a draft text of a “Additional Delegated Taxonomy ”which includes certain gas and nuclear activities. The “complementary” act, which the Commission plans to adopt formally in January 2022, follows on from the of the EU Delegated taxonomic act adopted in 2021. The first part qualified several electricity-producing sectors in its technical selection criteria but delayed controversial decisions on gas and nuclear in order to allow more time for technical assessments and public feedback.

According to several media outlets which this week received a leaked version of the Commission proposal, the Board of directors seeks to label nuclear power and some gas investments as green. Nuclear power plants must have a a plan, funds and site to safely dispose of radioactive waste, and new nuclear power plants are to receive building permits before 2045, EURActiv suggested.

Reuters reported that investments in natural gas power plants would also be “considered green” if they produce emissions of less than 270 grams of CO2 equivalent per kWh, replace a more polluting fossil fuel plant, obtain a building permit by December 31, 2030, and consider switching to low-carbon gases by the end of 2035.

The taxonomy proposal echoes in particular the proposed rules and guidelines unveiled by the European Commission on December 15 which seek to create the conditions for a switch from fossil natural gas to renewable and low-carbon gases, mainly biomethane and hydrogen. The Commission’s carbon-free gas initiatives could establish a market for hydrogen, including its trade and infrastructure, in two phases, before and after 2030. In this set of proposals, the European Commission has defined renewable gases as gases produced from biomass and hydrogen produced from renewable sources. He defines “low carbon” gases as gases that produce “at least 70% less greenhouse gas emissions than fossil natural gas throughout their life cycle.

Gross electricity production of the 27 members of the European Union by fuel from 1990 to 2019 in TWh. Source: EU Statistical pocketbook 2021.

The EU’s taxonomic proposal has the backing of France, which derives around 70% of its electricity from nuclear power, as well as the Czech Republic and Finland. Slovakia also well received Proposal. Austria, however, reportedly has already ordered a legal opinion on the inclusion of nuclear energy in taxonomy. Political opinion in Germany, which closed three of its last six nuclear power plants on December 31, is said to be divided within the new German coalition government.

FORATOM, the European nuclear trade organization, welcomed the proposal on Tuesday, although it said the industry was still reviewing “the terms of this leaked text in order to identify its impact on the sector.” He added : “Nevertheless, we do not believe that #nuclear should be treated as a bridging technology as it clearly contributes to climate change mitigation goals and does not cause more damage than any other power generation technology already considered taxonomically compliant.

ETN Global, an association of gas turbine technology members, in a letter of December 22 to the European Commission welcomed the recent legislative package on carbon-free gas, but urged caution about initiatives that could hamper technological investments.

The role of EU taxonomy is decisive here: initial CO too tight2 the limits imposed on cogeneration plants and gas-fired power plants will not only make it more difficult and more expensive to finance the energy transition, but will also penalize companies in the financial markets that wish to secure the transition ”, declared the organization. . “To support and accelerate the transformation of the energy sector in Europe, it is crucial that factories, which respect a gradual reduction of emissions over time (sunset clause), are classified as aligned with the taxonomy of EU in the next complementary delegated act.

South Korea includes LNG in Green List guidelines

In South Korea, the guidelines published on December 30 by the Ministry of the Environment on “K taxonomy” excluded nuclear energy. but includes LNG. The guidelines, which the ministry said have been prepared with technical consultation and public comment over two years, will promote green finance, support the flow of private and public finance to green projects and technologies, and “prevent damage caused by greenwashing, such as excessive and false information “.

In addition to the inclusion of renewable technologies, including solar power and solar heat, the guidelines state that LNG power plants and plants that use “mixed gas” including LNG and biogas, hydrogen, ammonia or gas by-product will be considered “low carbon.” Until at least 2030. The guidelines will temporarily support LNG power plants with greenhouse gas emissions of less than 340 grams of CO2 equivalent / kWh based on design specifications. They also include gas plants that plan to reduce their intensity to achieve, over their “average design life”, 250 grams of CO.2 equivalent / kWh. Taxonomy K also includes carbon neutral fuel, carbon capture, use and storage (CCUS) technology. Blue hydrogen will be included until at least 2030.

that of South Korea 9e The Basic Long-Term Electricity Plan (BPLE) provides for an increase in the share of new and renewable energy production—7.4% today to 20% in 2030 and 30 to 35% in 2040. While the country is increasing its share of renewable energies, it anticipates a reduction in the share of nuclear power and a ban on new coal-fired production.

A Report published in September 2021 jointly drafted by the International Energy Agency (IEA) and the Korea Institute of Energy Economics at the request of the Ministry of Trade, Industry and Energy suggests South Korea will need to increase flexibility requirements as its distributable output share drops from 94% to 79% by 2030. The 9th BPLE, in particular, plans to convert a large part of its current coal production to liquefied natural gas. “Of the coal-fired power plants over 30 years old, 30 are already approaching retirement age, but 24 of them (12.7 GW) are expected to be replaced by new ones. [combined cycle gas turbine] plants, ”the report says.

Evolution of installed capacity and generation, according to South Korea’s 9th Long-Term Electricity Base Plan. Courtesy: OUCH/Korea Electrical Safety Review (2021)

Backlash against the K-Taxonomy measure has intensified since the country released its draft green taxonomy guidelines in November. The obvious dichotomy here is that the recognition of gas and LNG as an environmentally sustainable ‘transition’ fuel will likely lock South Korea into a high-emission future, which directly contradicts policy and market incentives. created by President Moon’s new emission reduction targets ”, VShristina Ng, head of research and stakeholder engagement at Institute of Energy Economics and Financial Analysis (IEEFA) written in a blog post. “This means that new relentless LNG power projects, of which around 10 gigawatts are expected to flood South Korea’s energy market by 2025, could benefit from green bond financing and loans if the K-Taxonomy project is finalized without change. “

Ng suggested that South Korea’s inclusion of LNG in its taxonomy echoes efforts by other Asian countries. China, which is the region’s largest green debt market, has however recognized “the importance of a truly green taxonomy,” she noted. In mid-2021, “China phased out fossil fuel projects and the new catalog of projects approved by green bonds – its equivalent green taxonomy – is now exclude gas, LNG and coal related activities, ”she said.

Sonal Patel is a senior associate editor of POWER (@sonalcpatel, @POWERmagazine).

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Likely North Korean defector sneaks across South Korean border to remote Kim Jong Un country https://aisa-net.com/likely-north-korean-defector-sneaks-across-south-korean-border-to-remote-kim-jong-un-country/ Mon, 03 Jan 2022 15:23:42 +0000 https://aisa-net.com/likely-north-korean-defector-sneaks-across-south-korean-border-to-remote-kim-jong-un-country/

Seoul – The South Korean military said on Monday that a man suspected of being a North Korean who defected to the south had crossed the border on his way back North Korea on new year’s day. The unidentified individual managed to break into the heavily armed demilitarized zone and pass surveillance equipment along the heavily fortified border near the East Sea coast, the military said.

While many North Koreans have defected to the South over the years, documented cases of people sneaking the other way are very rare. The military said the individual was likely a North Korean defector, and various South Korean media reported that he was a former North Korean gymnast who crossed the DMZ from the north by jumping by over a fence about 10 feet high at the end of 2020.

The so-called “Jump Defector” was caught on surveillance video climbing the fence south in November 2020, according to the South Korean military. He has been described as a man in his thirties who worked as a housekeeper after defecting to South Korea. The military said the man caught in new surveillance footage crossing north on Saturday bore a resemblance.

Local media say he would have struggled to adjust to his new life in Seoul, but the motivation for his apparent return to North Korea is still unclear on Monday. He was first reported missing on December 30. After entering North Korea on New Year’s Day, South Korean officials said he was taken away by three North Korean soldiers.

Last year, when a South Korean entered North Korea illegally, he was shot and his body burned. Analysts speculated that North Korean forces had been ordered to take extreme measures lest the man could spread of COVID-19 in North Korea, although it was not clear if he had the coronavirus.


Kim Jong Un’s 10 years in power in North Korea

02:46

Jung Gwang Il, founder of the No Chain organization, which helps North Korean defectors settle outside the isolated country, told CBS News that many defectors are struggling to adapt to “highly society. competitive “South Korea and that, surprisingly, many end up regretting the decision to leave the so-called” Hermit Kingdom “.

The growing popularity of South Korean television and films, which cross the border via illegal bootlegs, has encouraged North Koreans to attempt to escape south in the hope of a better life. But the reality is that very few ordinary people can afford to live like those portrayed on South Korean television. For defectors, who are often unqualified to seek well-paying white-collar jobs in the South, the outlook is even bleaker.

North Korean defector turned South Korean MP Ji Seong-ho wrote on Facebook on Monday that many defectors have trouble, with a majority being found in the lowest income brackets in the South.

“My heart is heavy upon hearing that the unidentified person who crossed the border northward through the Goseong area of ​​Gangwon-do on the first day of the New Year was revealed by the media that he was ‘was a North Korean defector who was in economic difficulty, “Ji said.” According to Unification Ministry statistics for 2020, 25% of North Korean defectors have basic life security , and 56% of North Korean defectors… are from low-income groups. “

SKOREA-NKOREA-POLICY
South Korean soldiers patrol along a barbed wire fence marking the Demilitarized Zone (DMZ), which separates North Korea and South Korea, on the South Korean island of Ganghwa, April 23 2020.

ED JONES / AFP / Getty


Ryu Hyun-woo, former North Korea’s deputy ambassador to Kuwait who in 2019 became the top North Korean official to defect to South Korea in years, told CBS News that even with their track record, he and his wife struggled to build new lives.

“They said I could get a job if I graduated in South Korea, but I couldn’t even pass the first round,” he told CBS News.

Ryu and his wife both graduated from Kim Il Sung University in the North, and he later worked for the Foreign Ministry while his wife looked after the finances of the Kim Dynasty Mausoleum. They believed that their in-depth knowledge of North Korean economy and society would help them find jobs in South Korea, but South Korean society did not welcome them.

They hope their daughter can study in the United States, so that she can find opportunities that they never had.

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Bitcoin Investors In The Buying Frenzy As Prices Go Down; SHIB loses despite good news https://aisa-net.com/bitcoin-investors-in-the-buying-frenzy-as-prices-go-down-shib-loses-despite-good-news/ Sat, 01 Jan 2022 11:53:30 +0000 https://aisa-net.com/bitcoin-investors-in-the-buying-frenzy-as-prices-go-down-shib-loses-despite-good-news/

The global crypto market reported losses throughout New Years Day. The market cap at 4:01 p.m. was $ 2.22 trillion, down 1.65%, according to coinmarketcap data. Trading volume is also down 11.45% to $ 83.24 billion, which could be a mixed signal given a weak market start for 2022.

In what may be the first such case in South Korea, ruling Democratic Party representative Lee Kwang-Jae has announced that people can donate to his political campaign using crypto tokens like Bitcoin, Ether and other Korean crypto tokens. He added that receipts for such donations will be issued in the form of non-fungible tokens (NFTs) to contributors. His office said in the Korean Herald: “We are currently reviewing a selection of local wallet providers (virtual assets), we will soon reveal our wallet address on our blog.”

Bitcoin (BTC) was trading at $ 46,862.24, down 3.19% as of 4:01 pm Although the bears managed to push the price of the world’s oldest crypto down significantly, investors continued to buy the decline, as evidenced by the 3.04% rise in its trading volume to $ 34,449,837,394. Additionally, Bloomberg reported that long-term bull Microstrategy also used this drop and bought around $ 94 million worth of Bitcoins in December.

Rival Ethereum continued to trade in the red at $ 3,715.91; down 2.78%.

Cardano (ADA) was down 3.82% to $ 1.32, while Algorand, known as the killer of Ethereum, was down 6.77% to $ 1.64; its market capitalization now stands at $ 10,443,693,571.

Among other major coins, Binance Coin (BNB) fell 2.14% to $ 513.26, while Solana (SOL) fell 2.46% to $ 172.06.

Surprisingly, the coin that was the biggest loser 8 hours ago has now become the biggest winner. SORA Synthetic USD (XSTUSD) was down 99.81% in the morning and is now up 4,182.11% to $ 0.9894. The biggest loser was Safe Trip Finance (STF), which lost 95.36% to $ 0.004421.

Bitcoin with Shiba Inu

Meme Coins And DeFi

Dogecoin (DOGE) was trading with a loss of 1.86% at $ 0.1711. Its volume / market capitalization ratio stands at 0.02401.

Despite a positive development for Shiba Inu (SHIB), which launched a beta version of its Decentralized Autonomous Organization (DAO), it was trading with losses. As of 4:01 p.m., it was down 2.33% to $ 0.00003366. Announcing this on their blog, the developers said, “This is a critical first step, orienting our decentralized exchange towards growth, while promoting all of the #ShibArmy benefits of these pairs. “

ELON is trading with a 4.25% gain at $ 0.000001585, Floki Inu is up 0.34% to $ 0.0001063, while Samoyed Coin (SAMO) is trading with a loss of 2.04% at $ 0.03643.

In the DeFi segment, YFI (yearn.finance) traded with a gain of 7.67% to $ 33,456.43, Terra (LUNA) was down 2.54% to $ 87.85, Avalanche (AVAX ) gained 3.11% to $ 109.29, but Uniswap (UNI) continued to bleed, currently down 7.56% to $ 17.03.

Latest updates

The world’s largest Bitcoin fund, Grayscale appears to have significantly reduced its holdings of crypto-assets according to their latest tweet. Coindesk said his crypto holdings were around $ 61 billion in November and now, according to Grayscale’s tweet, they stood at $ 43.6 billion in December. From this, we can formulate that they have significantly reduced their crypto holdings.

Canada-based Bitfarms, a Bitcoin mining company with more than 3,300 Bitcoins in its wallet, has secured a $ 100 million secured (BTC) credit facility with blockchain financial services provider Galaxy Digital Holdings, coindesk reported . From that $ 100 million credit facility, they have already raised $ 60 million at 10.75 percent interest according to their press release. CFO Jeff Lucas reportedly said, “Our new $ 100 million BTC credit facility adds another element to our diversified funding strategy and provides significant non-dilutive capital to fund our global growth initiatives.”

]]> Sensex and Nifty extend their earnings through heavyweights in banking and finance; CMS Info Systems lists pop at Rs 218.25 https://aisa-net.com/sensex-and-nifty-extend-their-earnings-through-heavyweights-in-banking-and-finance-cms-info-systems-lists-pop-at-rs-218-25/ Fri, 31 Dec 2021 06:08:47 +0000 https://aisa-net.com/sensex-and-nifty-extend-their-earnings-through-heavyweights-in-banking-and-finance-cms-info-systems-lists-pop-at-rs-218-25/

Sensex and Nifty extend their earnings through heavyweights in banking and finance; CMS Info Systems lists at Rs 218.25 a pop | Photo credit: iStock images

India’s benchmark stock indexes extended their gains after starting the last day of the year on a positive note, supported by gains in heavy banking and financial stocks.

The 30-stock S&P BSE Sensex was up 447.18 points or 0.77% to 58,241.50 and its NSE counterpart CNX Nifty50 was at 17,351.60, up 147.65 points or 0.86% at 11:23 am.

Hindalco, UltraTech Cements, Titan, Shree Cements and Grasim are the top winners at this time while NTPC, Infosys, Tech Mahindra, Wipro and HCL Tech are the laggards.

“Yesterday Nifty was tightly tied in a narrow range, with 17155 and 17300 applying pressure from both sides. We will wait for this band to break before making significant moves, but the vantage point expects the 17085-17600 region to hold for now, and directional moves may have to wait first, ” Geojit Financial Services said.

The larger markets outperformed the benchmarks, with the NSE Midcap and NSE Smallcap indices trading with more than 1% gains on Friday morning.

All sector gauges except Nifty IT are currently in the green zone with Nifty Metal, up 2.29%, Nifty PSU Bank, up 1.73% and Nifty Auto, which is currently up by 1.66%.

Among other important news, Finance Minister Nirmala Sithamran will chair the 46th GST Council meeting in New Delhi on Friday. This is important because it will be held before the Union budget, which is usually presented on the first day of February of each year.

According to India Ratings and Research, India is expected to run a lower budget deficit than the target for the current 2021-2022 fiscal year, helped by higher incomes.

The government is expected to declare a budget deficit of 6.6% of GDP in FY22, 20 basis points below the target of 6.8%, the rating company said in a report.

Actions in the news

Cash management firm CMS Info Systems made a tentative start on the stock exchanges on Friday, it is listed at Rs 218.50 on BSE, which is a 2% premium over its IPO price. of Rs 216 per share.

SBI, the country’s largest public sector lender, on Thursday announced the acquisition of 9.95 percent of the India International Exchange (IFSC). In a regulatory filing, the SBI said the 9.95% stake in IFSC was to “be acquired subject to a maximum investment of Rs 34.03 crore.”

Tech Mahindra has announced that it will acquire 100% of the shares of US company Allyis India Private Ltd for $ 125 million, including job and performance related pay.

Biocon Biologics partner Viatris wins U.S. court rulings over Sanofi’s appeals for Lantus patents. The company can sell five certain products since the court ruled that those of Sanofi’s Lantus SoloSTAR are not patentable.

CCI has approved the acquisition by Jindal Steel & Power of 96.42% of the capital of Jindal Power by Worldone Pvt. Ltd. for Rs 3,015 crore in cash, 3,400 megawatt coal-fired power plants in Chhattisgarh and other non-core assets owned by Jindal Power.

Global markets

Asian markets are trading higher, led by tech stocks like Alibaba and Meituan. Hang Seng is up about 2%. The Chinese manufacturing PMI stands at 50.3, above estimate. The Hong Kong and Singapore markets will be ahead while Japan and South Korea are closed for the day.

US markets closed lower amid low volumes. Cruise stocks fell after the CDCP recommended that U.S. nationals avoid cruises. Unemployment claims in the United States stood at 198,000 against an estimated 205,000. Europe closed higher pending a Santa Claus rally amid concerns over Covid restrictions.

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Exclusive interview | Max Krupyshev, CEO of CoinsPaid: Gateway from Traditional Finance to Cryptocurrency https://aisa-net.com/exclusive-interview-max-krupyshev-ceo-of-coinspaid-gateway-from-traditional-finance-to-cryptocurrency/ Mon, 27 Dec 2021 17:46:43 +0000 https://aisa-net.com/exclusive-interview-max-krupyshev-ceo-of-coinspaid-gateway-from-traditional-finance-to-cryptocurrency/

CoinsPaid is a crypto processing project that helps businesses pay wages with crypto and receive crypto as payment. It is a bridge between traditional finance and cryptocurrency. Max Krupyshev is the CEO of the CoinsPaid ecosystem and the CryptoProcessing payment gateway. The Ukraine-born entrepreneur entered the crypto world in 2013 and has since been involved in projects involving mining, crypto payment processing, and wallet development. This expertise has been put to good use in its ecosystem. It was designed so that businesses can easily adapt cryptocurrency payment protocols in the safest, fastest, and most secure way possible.

Max Krupychev

Tell us about CoinsPaid and how the business solves business and retail customer issues?

CoinsPaid allows merchants to accept payments in Bitcoin and over 30 other cryptocurrencies. This can save a business up to 80% in payment fees. Additionally, with crypto there is no chargeback, no sliding reserves – these are huge issues for online traders. With us, they can increase their profit margin and gain access to the 300 million crypto holders across the world.
As for individual customers, we let them pay in cryptocurrency on more than 800 sites in a very intuitive way, with a clickable payment link or a QR code.

The new DeFi suite of tools helps us deliver even more benefits to customers: for example, merchants can get discounts of up to 50% on service fees if they use the staking feature.

Tell us about the leadership of CoinsPaid and the industry partners you work with?

CoinsPaid is now the second largest crypto payment provider in the world and the fastest growing. In the last 12 months, we have grown from 300 merchants to 800. In 2021, we have already processed 4.8 billion euros of crypto, or almost 8.25 million transactions.

We are fortunate to have strategic partnerships with some of the industry’s leading funds, including Master Ventures – a billion dollar Asian venture capital fund, as well as Hard Yaka, a venture capital firm that has supported Solana, Filecoin, etc., and AU21, a venture capital firm that invests in projects built on Polygon.

How secure is the CoinsPaid platform? Can you explain the measures taken by CoinsPaid to ensure the security of the gateway and the wallets?

I’ll let the facts speak for themselves: CoinsPaid is the only crypto payment company that has successfully passed two security audits: by Kaspersky Labs and 10Guards. Kaspersky Labs, as you may know, is one of the world leaders in the field. They found no vulnerabilities in our code: the best proof of the security of the gateway.

Besides the internal security team, we work with the best blockchain risk rating services to identify suspicious transactions, “dirty” Bitcoins, etc. We immediately inform the trader of any alarm signals. Of course, we also take great care to protect the cold wallets where most of the accumulated income is stored.

With many blockchain-based cryptocurrency platforms being developed and launched every day, how does CoinsPaid stand out?

Compared to other crypto-payment providers, we offer very comprehensive fiat support, with instant crypto-fiat conversions and direct payments to bank accounts in 6 different currencies. We also have very transparent fees with no exchange rate differences. Exchanges are done through Kraken Exchange, so the prices are very competitive in the market and always up to date.

When it comes to our expansion in DeFi, we have unique expertise and traction among traditional businesses. We know what they need and we already have over 800 merchants that we can fit into this DeFi framework. We can bring CeFi and DeFi together in a way that other platforms cannot.

Tell us about DeFi and its future and how CoinsPaid is fueling the momentum after IDO.

I follow the development of the DeFi 2.0 trend, with an emphasis on protocol controlled value, owning your liquidity, liquidity flow through chains, etc. I think DeFi 2.0 will be one of the biggest trends in 2022, and we’ll incorporate its best practices when the time comes.
We are busy introducing traders to our DeFi tools, namely staking, through webinars, AMAs, tutorials, etc. We also integrate the CPD token into all of our business processes and products – for example, a trader can get an additional 25% discount. service charge if they add CPD as a payment option on their site.

Most of the trading volumes are currently in BTC. Are you seeing people switching from BTC to other cryptocurrencies anytime soon and, if so, which ones?

Average BTC transaction fees are now 10 times lower than Ethereum or ERC-20 tokens, so Bitcoin is not the worst option, but far from the best. I think as more people get into crypto they will switch to cheaper channels – for example a lot of USDT transfers already happen on TRON, and the market cap of USDT TRC -20 is now $ 38 billion. Stablecoins on new blockchains have a great future for payments, as do native assets like SOL, AVAX, FTM, etc.

If the majority of transactions were in cryptocurrencies other than BTC, would that make KYC / AML reporting requirements more or less difficult for CoinsPaid?

Not really. We already support over 30 cryptocurrencies, so adding a few more wouldn’t be a problem. Our own compliance team can handle this. Of course, we would have more follow-up to do across different chains to identify suspicious transactions. But even if the retail industry switches to new cryptos, criminals will still use BTC because it’s the only crypto they can cash in through shady OTCs. So money laundering and other criminal activity won’t involve assets on new blockchains, so AML checks shouldn’t be a big deal either.

We all know how dynamic the blockchain and crypto space is. Enlighten us on CoinsPaid’s future plans and what should we expect from the company in the coming days?

We are about to launch CoinsPaid Media, marketing services for merchants and partners. A new loyalty program is coming soon. On the tech site, we’re working on corporate portfolios and a DeFi dashboard, as I mentioned.

저작권자 © Korea IT Times 무단 전재 및 재배포 금지

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Blessed are the peacemakers – Korea IT Times https://aisa-net.com/blessed-are-the-peacemakers-korea-it-times/ Sat, 25 Dec 2021 23:37:03 +0000 https://aisa-net.com/blessed-are-the-peacemakers-korea-it-times/

By Emmanuel Pastreich

I want to wish you the best for the holidays and a merry Christmas to all.

The United States was established explicitly as a government without religion for a good cause and we have always had a strong tradition of openness without the terrible struggles that tore Europe apart when religion became the defining factor in all politics. .
There are parts of the Christian tradition, I believe, which have universal value, just as there are many other teachings. I want to quote Matthew 5: 8 today, not as a preacher, but as a president,

Emanuel Pastreich, President of the Asia Institute Washington DC, Seoul, Tokyo, Hanoi, and Secretary General of the Institute for Future Urban Environments.
Emanuel Pastreich, President of the Asia Institute Washington DC, Seoul, Tokyo, Hanoi, and Secretary General of the Institute for Future Urban Environments.

“Blessed are the meek, for they will inherit the earth. Happy are those who hunger and thirst for righteousness, for they will be satisfied. Blessed are the merciful, for they shall be granted mercy. Blessed are the pure in heart, for they will see God. Blessed are the peacemakers, for they will be called children of God. Blessed are those who are persecuted for righteousness, for theirs is the kingdom of heaven. Happy are you when men insult you and persecute you and speak all kinds of evil against you falsely because of me.

We certainly see terrible darkness all around us these days, darkness that lingers in the corners of malls and gyms, which at first glance seems so normal and quickly covers itself with something.

We must be able to imagine that a better society is possible and move forward towards that better society, without being discouraged by the setbacks that we may encounter.

In this process, the process by which we create a positive cycle to replace the narcissism and competition that has torn our society apart, we will create a culture of cooperation, empathy and love. In this process, the “peacemakers” will be the most critical.

We need peacemakers in every neighborhood just to engage people in discussions about our common concerns and to create peace in everyday life rooted in truth, grounded in indecency.

Peace does not mean the absence of conflict. Peace is a force in itself of transformation, of harmony, of bringing together our common creative powers to weave a common fabric and find unexpected commonalities through the use of our imagination.

Today, as we celebrate Christmas, the dark forces are calling for war with Russia, China and Iran. These screams can still be heard today, a day that should be calm and peaceful.

The dogs of war bay for gruesome destruction. The corrupt politicians and businessmen who pampered them, threw chunks of raw meat at them over the years, have no idea what will happen when they are let loose.

It is almost without exception admitted that the United States is defending itself against aggression from Russia and China. But everyone in Washington DC knows full well that the massive build-up and rising tensions started here, not there. The fact that China and Russia now also have their own military-industrial complexes is the sad influence of our culture on them.

Arms dealers and their agents have researched international war systematically since the 1870s, and have become increasingly sophisticated in how they plant the seeds of discord, pay academics and journalists to cook up stories. stories of growing tensions and creating conflict where there was none before.

It has been a constant struggle to control these beasts who dress like men and speak with great authority about how ordinary man’s taxes are to be spent to buy guns, and more guns, for more. in addition to future wars.

All that money is going into the swollen belly of the financial beast.

These evil men have used the filthy tool of free trade to force us to become dependent on their war profits. Free trade has been used to shut down all factories, all local production and local agriculture. All the simple and decent businesses that make furniture, tools or clothes for the citizens have been ruthlessly destroyed. This was all done so that we became dependent on imported food and goods and that we had to spend even more money on weapons to defend fragile supply chains around the world.

More devilishly, the only real work left in many places is weapon crafting. The only remaining factories manufacture weapons and missiles. The only sources of local employment are military bases and prisons.

It was no accident! It was a plan to force war addiction on innocent citizens.

No member of Congress can stand up to arms dealers any longer because they fear real jobs will be lost. What they won’t tell you is that they have helped and abetted the destruction of your local economy.

Arms dealers created World War I for profit, and it wasn’t until millions of people needlessly died that people began to understand what they had done. They did the same during World War II, and they planned to create a World War III in the 1950s, but were not completely successful. Instead, they had to settle for a Cold War that kept profits going for the benefit of gunmakers and their friends among the banks.

The government of the United States, subjected to constant privatization and institutional corruption that now matches that of the end of the Roman Empire, is but a shell, a pile of bones. Where a majestic animal once stood, a skeleton remains after the maggots silently devour the muscles.

There is nothing left within the government, the Department of Defense, the CIA or other organizations to stop this murderous race to world war.

At the same time, the stench of the horrific COVID19 fraud cannot be masked by the scent of sickening speeches – When the White House sends Christmas wishes “serious illness and death” to citizens, you know that we hit rocky bottom.

The temptation for the big players on Wall Street is to raise the ante, to start a world war that will bury the evidence of the last two years of criminal forgery.

Washington DC has fallen into the hands of wolves. You can be sure that they will be happy to stir up a world war in order to stop anyone who tries to bring them to justice.

What do we have to do? We need to organize peacemakers and in every city, in every neighborhood, have an honest discussion about how the world is really run, how free trade and global finance mean that all international relations are controlled by a handful. super-rich. We need to have a discussion so that people know how the gunmakers compose the problems, promote the problems and then sell their multibillion dollar weapon systems with the support of experts and retired generals who are paid with millions of dollars.

The fact that this whole process is a fraud, that businessmen and bankers do not necessarily want a world war that could also kill them, does not rule out war.

History is full of examples of those who pretended war until it became war.

Next, we must have concrete and binding international treaties for arms control and disarmament, as we had before. The plans are all there, the expertise can be built up quickly. What we need is the will to rise above the confusion, distraction, fabricated fear and forced idiocy of corporate media.

Arms control means agreements between nations to limit the development and deployment of weapons. It must include conventional weapons, nuclear weapons and emerging weapons such as drones and robots, armed satellites, nanowarfare, energy weapons, biological weapons and a host of new threats that are unknown to most. , some of which remain classified even as the wolves prepare to employ them.

Disarmament means the active reduction of existing weapons. The United States must lead by example and move the world forward. We must destroy our nuclear weapons, the vast majority of our fighter jets and other weapon systems that waste the resources of our citizens. We have to do it with the nations of the world. We who are covered with sin must take the first step.

You could say that such actions are naive and dangerous. You would say precisely what tens of billions of dollars have been spent teaching you through newspapers and TV shows, through overpaid expert reports and commissions. But the truth is, the experts in the Defense Department know that what I’m suggesting is what needs to be done to save our children from perdition. It’s no secret and there are a lot of scientific studies to support my position.

We trust the military more than other branches of government because it is still functional. But it is causing more damage to the environment than most countries in the world combined, and its lethal impact on Earth is increasing. We have to turn it over now, inside and out.

We must begin now in our neighborhood a positive cycle for peace at this most difficult time in human history.

저작권자 © Korea IT Times 무단 전재 및 재배포 금지

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Everything you need to know to start trading on December 24 https://aisa-net.com/everything-you-need-to-know-to-start-trading-on-december-24/ Fri, 24 Dec 2021 02:00:43 +0000 https://aisa-net.com/everything-you-need-to-know-to-start-trading-on-december-24/
  • Adani Companies: Incorporates the names of wholly owned subsidiaries Adani Data Networks Ltd.

  • Logistics Allcargo: The board of directors has approved a split plan in which all container freight stations, inland container depots and all other related logistics activities of the company will be merged into Allcargo Terminals Pvt. Ltd. All engineering and equipment rental and rental solutions, logistics park, warehousing, property development and rental activities and other related activities will be merged into Translndia Realty & Logistics Parks Ltd. The program has not yet been approved by NCLT. The company would continue to operate and operate the remaining businesses. The plan could come into effect on April 1, 2022.

  • L&T Finance Holdings: The company will sell its L&T Investment Management mutual fund business to HSBC AMC for $ 425 million.

  • United breweries: NCLAT suspends ICC order imposing a penalty of Rs 751.8 crore on condition of pre-depositing 10% of the amount of the penalty.

  • Dr Reddy: Merck receives FDA clearance for its Covid-19 pill. The Hyderabad-based company holds a license to manufacture the pill.

  • Poonawalla Fincorp: International Finance Corporation ceased to be a stakeholder in the company.

  • UPL: Admission of its GDRs to trading on the International Order Book, the electronic trading platform of the London Stock Exchange.

  • Surya Roshni: The order obtained amounted to Rs 124.35 crore for the supply of API 3LPE coated pipes for the LPG pipeline project to IHB Ltd.

  • Ajanta Pharma: The board of directors will meet on December 28 to examine a proposal to buy back shares with a par value of Rs 2 each.

  • Biocon: Clinical study for Itolizumab in lupus nephritis initiated in India, after DCGI approval.

  • Indian Oil: To invest Rs 9,028 crore for the new Mundra pipeline.

  • Ircon International: Incorporated ‘Ircon Akloli-Shirsad Expressway Ltd.’ on December 23 as a special-purpose vehicle for the construction of an eight-lane controlled access highway from Akloli to Shirsad.

  • Tega Industries: Approves the establishment of an additional larger factory in Chile at a cost of Rs 175 crore to meet growing demand in Latin America.

  • Motherson Sumi Systems: NCLT approves plan of arrangement and merger between the company, Samvardhana Motherson International Ltd., Motherson Sumi Wiring India Ltd. and their respective shareholders and creditors.

  • Kajaria ceramic: NCLT approved a plan to merge Kajaria Tiles Pvt. Ltd. and Kajaria Ceramics Ltd. and their respective shareholders and creditors. Kajaria Tiles is a wholly-owned subsidiary of the Company and, in accordance with the Program, the Company’s ownership interest in Kajaria Tiles will be automatically canceled and no new shares will be issued as a result of said merger under the Program.

  • SJVN: Signing of a memorandum of understanding with Damodar Valley Corporation for the exploitation of the potential solar energy of approximately 2000 MW available within the framework of the DVC command zone.

  • Prestige Group, L&T: Prestige Group has signed a civil contract worth Rs 1,560 crore excluding GST with Larsen and Toubro for the construction of buildings and the development of infrastructure in Prestige City, Bangalore.

  • TCS: obtains a contract from the oldest non-life private insurer on the Swiss market, La Mobilière, to lead its digital transformation program.

  • Escorts: NCLT approved its capital reduction plan. The Company’s share capital will be reduced from Rs 134.83 crore divided into Rs 13.48 crore each to Rs 122.57 crore divided into Rs 12.25 crore after the regime is effective.

  • Mphasis: Mphasis Consulting Ltd., UK, a wholly owned subsidiary of the company, and Ardonagh signed a corporate agreement in which Mphasis acquired 51% of Mrald Ltd., a company incorporated and registered in England and the Country of Wales.

  • Glenmark Pharmacy: Crisil revises the outlook from “stable” to “positive”; long-term rating of AA- reaffirmed.

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    LG Energy, India’s LIC tops Asia’s major IPOs to watch next year https://aisa-net.com/lg-energy-indias-lic-tops-asias-major-ipos-to-watch-next-year/ Wed, 22 Dec 2021 04:41:21 +0000 https://aisa-net.com/lg-energy-indias-lic-tops-asias-major-ipos-to-watch-next-year/

    (Bloomberg) – The giant ad queue in Asia next year includes the world’s second-largest battery maker in Seoul and an insurer with more than 1.2 million agents and 100,000 employees in Mumbai. Chinese issuers’ mega-operations in Hong Kong, meanwhile, may take some time to resume.

    Bloomberg’s Most Read

    India and South Korea hit record first-time stock sales in 2021 amid a boom in unicorn quotes at a time of record rates and rising stock markets. In Hong Kong, a traditional home for Asian IPOs, big sales disappeared following Beijing’s crackdown on industries ranging from tech to games and education, which sparked a massive sell-off of actions.

    Read more: IPOs in Asia face headwinds after record year of fundraising

    India and Korea have the potential for “phenomenal growth” next year, said Selina Cheung, co-head of equity capital markets for Asia at UBS Group AG in Hong Kong. Additionally, she expects a number of Southeast Asia’s largest unicorns to be listed. They will either arrive in local markets or in the United States.

    Here are some great deals to watch in Asia in 2021 and their respective markets.

    LG Energy Solution, South Korea

    It should be the first big deal of the year. LG Energy Solution plans to raise up to 12.7 trillion won ($ 10.8 billion), which is expected to set a record in the country. The books will open in mid-January and listing is scheduled for January 27. supported Hyundai Oilbank Co. aims to raise up to $ 1.7 billion.

    Life Insurance Corp. of India, India

    A 5% to 10% portion of the public insurer known as LIC is expected to be sold by March. The government is seeking a valuation of up to 10,000 billion rupees ($ 133 billion), setting a local record and potentially making it one of the largest listings involving an insurer in the world.

    As for Indian companies going public in the United States, online education provider Byju’s is said to be in advanced talks to merge with a specialist acquisition company, which would raise around $ 4 billion for one. valuation of approximately $ 48 billion.

    Syngenta Group, China

    The company, owned by China National Chemical Corp., said in July it was targeting a 65 billion yuan ($ 10.2 billion) product from a listing in Shanghai. The company plans to sell up to 2.79 billion new shares in the IPO, the equivalent of a 20% stake. As of yet, there is no scheduled debut date.

    Hong Kong

    Several large deals have been put on hold in the financial hub amid regulatory uncertainties triggered by the widening crackdown in China and sluggish markets.

    Biel Crystal Manufactory Ltd., the supplier of protective glass to Apple Inc. was initially set to raise $ 2 billion this year, but has decided to push back its plans pending a better market window, IFR reported on November 23. Chinese Tourism Group Duty Free Corp. suspended a $ 5 billion offer in December, citing sluggish financial markets and the pandemic.

    FWD Group Ltd., on the other hand, has withdrawn its plan to go public in the United States and is now considering an IPO in Hong Kong. In addition to the names first published in the city, investors should watch for developments in so-called homecoming: offers from Chinese companies already listed in the United States looking to move closer to home.

    Read more: Didi’s delisting and HKEX reforms could fuel US migration

    South East Asia

    GoTo Group, the Indonesian company formed as a result of a merger between the country’s two most valuable startups, has hired banks to help it raise around $ 1 billion, which could happen as early as the first quarter. Investors should also keep an eye out for blank check companies in Singapore, the first market in Asia to set a framework for their listing.

    Bloomberg Businessweek Most Read

    © 2021 Bloomberg LP

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