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Monday, January 22, 2018

Money

New York State Department of Financial Services (DFS) is planning to order NH Nonghyup Bank and its New York branch to strengthen compliance with the requirement of anti money-laundering.
Requiring Anti Money-Laundering
15 November 2017 - 11:30am
The New York State Department of Financial Services (DFS) will impose a huge fine on South Korean banks that have branches in New York.  According to investment banking industry sources on November...
Foreign investors turned into net buyers from net sellers in both the securities and the bond markets for the first time in three months after July.
Hitting Record High
15 November 2017 - 11:00am
Foreign holdings of South Korean securities and bonds came to about 752 trillion won (US$672.63 billion) last month, reaching an all-time high. The Financial Supervisory Service (FSS) announced that...
A new platform for professional investors like venture capitals and financial institutions will be annexed to the Korea Over-the-Counter (K-OTC) market.
Specialized Market Platform
15 November 2017 - 9:45am
An over-the-counter (OTC) market for professional investors, such as venture capitals and angel investors, will be opened in South Korea in order to supply venture capital to start-ups and venture...
Overseas virtual currency exchanges are approaching Korean investors while. Korean virtual money exchanges are also seeking ways to enter overseas markets.
Expanding Territories
13 November 2017 - 8:30pm
Overseas famous virtual currency exchanges are approaching Korean investors while providing Korean-language services. Korean virtual money exchanges are also seeking ways to enter overseas markets to...
While the Bitcoin Cash price hits record highs, servers of Bithumb, the number-one virtual currency exchange in Korea, were paralyzed for about two hours, damaging investors.
Causing Damages to Investors
13 November 2017 - 8:00pm
Damage to investors is growing due to the temporary suspension of access to major virtual currency exchanges coupled with sharp fluctuations in virtual currency prices. Investors are filing lawsuits...
The Financial Services Commission (FSC) is planning to grant a license for five mega IBs and short-term financing business only to Korea Investment & Securities at the regular meeting on (November 13.
Increasing Conflicts
13 November 2017 - 12:30pm
The mega-sized investment banks (IBs) will be launched in earnest on November 13. The Financial Services Commission (FSC) plans to designate Mirae Asset Daewoo, NH Investment & Securities, KB...
The combined market capital of listed companies from South Korea’s top 10 biggest business groups in terms of assets came to 1,005.2 trillion won (US$896.96 billion) as of Nov. 10, accounting for 52.8 percent of the total market cap.
Accounting for 52.8% of the Total
13 November 2017 - 11:15am
The market cap of major conglomerates such as Samsung, SK and LG Group, showed a rapid rise as capital is focused on tech companies due to the fourth Industrial Revolution and there is a...
KOSDAQ-listed companies that have transferred to the benchmark Korea Composite Stock Price Index (KOSPI) market are showing an upward trend.
Market Showing Upward
13 November 2017 - 11:00am
As the characters of capital in the domestic stock market has converted from active to passive, KOSDAQ-listed companies that have transferred to the benchmark Korea Composite Stock Price Index (KOSPI...
Foreign shareholders are paying great attention to the recent management risks in domestic financial businesses.
Management Risk
13 November 2017 - 10:00am
Foreign major shareholders of South Korean financial businesses are turning their backs to the domestic market due to the political authorities are shaking the management rights of chief executive...
The Korean secondary KOSDAQ market has been showing a clear upward trend.
Booming KOSDAQ
10 November 2017 - 11:30am
“The KOSDAQ market, which has been isolated from the bullish global stock markets, shows a rising trend. This is because three factors that cause the isolation, including poor performance, lack of...
The net assets in the Korean fund market increased about 12 trillion won (US$10.76 billion) in Oct.
Boosted by Equity Fund and MMF
9 November 2017 - 11:30am
As the Korea Composite Stock Price Index (KOSPI) broke the 2,500-point level, propelled by a rise of large-cap stocks and strong foreign buying, the net assets in the fund market, mainly domestic...
The National Pension Service (NPS) has invested 220 billion won (US$197.24 million) in an Asian fund raised by Kohlberg Kravis Roberts & Co (KKR), one of the world’s three largest private equity investment firms.
Attention to Japan and India
9 November 2017 - 11:00am
The National Pension Service (NPS) has invested 220 billion won (US$197.24 million) in an Asian fund raised by Kohlberg Kravis Roberts & Co (KKR), one of the world’s three largest private equity...

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