Search results for Blue House
Crypto
South Korea government, ruling party step up push for digital asset framework law this year
South Korea aims to complete digital asset legislation this year, and the ruling Democratic Party is pushing to submit a government-party package in September. A senior Financial Services Commission official said stablecoin legislation will be wrapped up quickly and will cover definitions, market rules and user protection. Key sticking points include who can issue won-based stablecoins, licensing and reserve management, AML rules, and limits on major shareholders of exchanges. The party plans to rebuild its task force after August leadership appointments.
Finance
President Lee calls for supplementary steps on volatile leveraged single-stock ETFs
President Lee Jae-myung ordered additional measures to reduce market shocks from single-stock leveraged exchange-traded funds that have been blamed for sharp swings in South Korea’s stock market. He said the products amplified gains in rising markets and deepened losses in falling markets, causing larger inefficiencies and damage for participants. Financial authorities have raised the margin deposit requirement and increased the minimum trading unit for such ETFs, with new rules due to take effect on Aug. 5.
Telecommunications & Media
KT offers musical benefits to customers of five years or more
KT said on June 19 it will offer customers who have used its combined mobile, internet and TV services for at least five years a chance to attend the musical \"That Day\" on July 25 at D-Cube Link Art Center in Seoul. The company will run photo and social media events and provide invited customers with photo cards and a program book. It also operates a baseball camping-zone program and discount coupons.
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Finance
Lee says stock market normalisation has only removed a few big stones
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Industry
Autonomous A2Z wins approval to export national core autonomous driving technology to UAE
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Mobility
Autonomous A2Z secures UAE export approval for national core autonomous driving technology
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Finance
KOSDAQ nears 1,000 as digital asset-linked stocks surge
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Finance
Blue House, securities firms hold unofficial talks on retail investors returning from overseas markets