Dongjin Semichem to spin off foaming agent business
Dongjin Semichem will spin off its foaming agent business into a new subsidiary called Dongjin Innochem, effective January 1, 2026, to enhance competitiveness and expertise.
KOSDAQ index fell 2.68% to 1074 amid foreign and institutional selling, while robotics stocks like Robotis and Hyundai Mubex surged despite broader market weakness.
Dongjin Semichem reported Q1 operating profit of 47.13 billion won, up 64.77% YoY. Sales increased 38.33% to 348.09 billion won, and net profit rose 55.29% to 37.86 billion won.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.
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