Search results for Hanyang Securities
Crypto
Nexchange launches fractional investment OTC exchange, appoints Jung Yoo-shin as CEO
Nexchange, a preparatory company set up to handle over-the-counter distribution of fractional investment products, has officially launched. Twenty-one institutions including Nextrade held its inaugural general meeting on Sept. 29 and appointed Jung Yoo-shin as the first chief executive. The company plans to begin trading products such as music intellectual property, aircraft engines and real estate loan receivables, and later expand to artworks, webtoons and performances.
Finance
Capital markets also show economies of scale as big brokerages rush to boost capital
Competition among securities firms to bolster capital is spreading quickly, led by large brokerages, as more businesses link bigger capital bases to revenue growth. KB Securities decided on a 1 trillion won rights offering after earlier support from KB Financial Group. Similar moves include Korea Investment & Securities, Woori Investment & Securities and NH Investment & Securities, while Hanyang Securities also joined. The combined amount totals about 4.65 trillion won this year.
Finance
Securities firms step up shareholder returns as mid-sized brokers raise dividends
South Korean brokerages are stepping up shareholder returns as the industry enjoys a boom, with mid-sized firms increasingly raising dividends. Securities companies are announcing larger payouts ahead of regular shareholders’ meetings later this month. LS Securities, Hanyang Securities, Daol Investment & Securities and others disclosed higher dividends and payout ratios. The shift is seen as tied to the government’s corporate value-up policy and a push to strengthen shareholder returns, as well as tax benefits from separate taxation of dividend income introduced this year.
