Cross-border fintech Hanpass surges on Kosdaq debut

Hanpass, a South Korean fintech firm specializing in overseas remittances for foreign residents, soared on the tech-heavy Kosdaq upon its market debut Wednesday, paving the way for global expansion. The stock traded at 41,000 won ($27) on the secondary bourse as of 1 p.m., up 115.79 percent from its initial public offering price of 19,000 won. During the session, it soared as much as 150 percent to 47,750 won. The strong debut was driven by robust demand from both institutional and retail invest

By The Korea Herald