SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Hanwha Investment & Securities revealed it has acquired Ciptadana, an Indonesian financial company that specializes in diverse financial services and products. The takeover is part of the company’s strategy to augment its position in the financial industry in Southeast Asia.
The Korea Economic Daily reported that Hanwha Investment & Securities made the announcement about its latest acquisition on Thursday, June 15. The financial management arm of the Hanhwa Group confirmed it made the decision to buy Ciptadana Securities and Ciptadana Asset Management.
Ciptadana is the sixth-largest financial firm in Indonesia that is affiliated with the Lippo Group, which operates internationally. As part of the deal, the South Korean company will buy 80% of the shares owned by Ciptadana Capital.
Investment is aiming to sign the agreement within six months and then proceed to finalize the buyout as early as this year. Then again, it was noted that before the process of acquisition proceeds, Hanhwa Investment must get the approval of the countries’ respective financial regulators first.
"Indonesia has the fourth largest population in the world and we decided to enter the market due to its high growth potential, with an average age of 30,” Hanhwa Investment & Securities’ chief executive officer, Han Doo Hee, said in a statement. “We will leap forward as a leading digital financial company in Southeast Asia."
Meanwhile, Aplha Kyeongje reported that with the acquisition of the Indonesian securities and asset management firms, Hanhwa Investment will also take steps to turn the company into a digital financial platform that can represent Southeast Asia. Finally, while it is already entering Indonesia through the deal, the company is planning to infiltrate the global market as well, and to do this, Hanhwa Investment was revealed to have set up Pinetree Securities, which is serving as its subsidiary outside of South Korea.
Photo by: Hanhwa Investment & Securities Website
