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Finance

Brokerage industry to invest 1 trillion won in venture secondary over 3 years to ease IPO bias

South Korea\'s brokerage industry will invest about 1 trillion won in secondary deals over the next three years to improve a venture investment exit structure heavily skewed toward IPOs. The Korea Financial Investment Association said securities firms plan to supply funds through individual investments and a joint fund. Seven major investment banks will invest about 618.5 billion won individually, with that total seen rising to 700.0 billion won if more note-issuing firms join.

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.

Industry

Gut microbes directly produce \'happiness hormone\' serotonin, probiotic pairing is key

Gut microbes previously seen as only indirect helpers of intestinal cells can directly produce serotonin, often called the “happiness hormone,” according to research. The study found serotonin is synthesised only when two Lactobacillus-related probiotic strains work together, not when cultured separately. Animal tests reproduced the mechanism. The findings may offer clues for identifying and treating irritable bowel syndrome, which affects 7 to 10 percent of South Korea’s population.