Search results for KOFIA
Finance
KOFIA discusses European expansion with Luxembourg ambassador
Korea Financial Investment Association held talks with Luxembourg on ways to support Korean financial investment firms expanding into Europe and identifying new global businesses. KOFIA said its chairman Hwang Seong-yeop met Luxembourg Ambassador to South Korea Jacques Flies on May 13. The meeting discussed Luxembourg’s role as an asset management hub, its digital asset infrastructure and its space industry ecosystem, and cooperation opportunities with Korea’s financial investment industry.
Finance
Capital market rules tighten as MyData programme expands
South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.
Finance
KRX, KSD and KOFIA to conduct on-site review of shortened settlement cycles in U.S. and EU
Korea Exchange will conduct an on-site review in New York and London from April 27 to May 1 with Korea Securities Depository and the Korea Financial Investment Association to support a shorter stock market settlement cycle. KRX said the trip comes as major markets shift to T+1 settlement. The group plans to review U.S. experience and analyse Europe’s strategy through meetings with market bodies and financial institutions.