[Featured Stock] CITIZEN Rises on Expectations for Passage of Data 3 Laws

[Asia Economy Reporter Hyunseok Yoo] CITIZEN is rising. It appears that expectations for the passage of the amendment to the Data 3 Act have had an impact.

As of 1:16 PM on the 9th, CITIZEN was trading at 2,115 KRW, up 6.55% (130 KRW) compared to the previous trading day.

At the full meeting of the National Assembly's Judiciary Committee held that morning, the Personal Information Protection Act and the Information and Communications Network Act were prioritized for processing, followed by the amendment to the Credit Information Act. In the era of the 4th Industrial Revolution, the Data 3 Act, which the government and business circles had requested to be processed promptly to foster related industries, is a law that relaxes regulations to allow the use of personal information and other data in various businesses. The Data 3 Act was forwarded to the plenary session of the National Assembly held that day.

CITIZEN has announced plans to acquire 100% of its affiliate 'LiveFinTech' and build a professional investment banking network, aiming to introduce products that are much more convenient and smarter than existing finance based on blockchain technology.

This content was produced with the assistance of AI translation services.