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Finance

ELS fines cut to 600 billion won after local elections, financial policy in focus

With the June 3 local elections over, attention in South Korea’s financial sector is shifting back to financial authorities and the National Assembly. Issues that lost traction during the campaign, including governance reform at financial holding firms, digital asset regulation, loan rules for non-resident single-homeowners and a compensation liability system for voice phishing, may return to the agenda in the second half. Regulators have also adjusted ELS sanctions and stepped up work on consumer protection and AI security threats.

Finance

Retail money pours into Korea Investment Management space ETF ahead of SpaceX listing, 60 billion won net buying

Retail investors in South Korea have been pouring money into domestic space-themed exchange-traded funds ahead of a SpaceX listing, with demand concentrating on an active ETF seen as able to receive IPO allocations. Korea Investment Management said net buying by retail investors in its ACE US Space Tech Active ETF over the past month topped 60 billion won. The firm said it plans to raise SpaceX’s weighting in the ETF to as much as 25 percent through additional purchases.

Finance

SpaceX Nasdaq listing nears; options for South Korean investors

SpaceX is set to list on the Nasdaq on June 12, drawing attention from South Korean investors, though direct subscription by retail investors is effectively limited. Alternative options being discussed include South Korean firms with SpaceX stakes, local space and aerospace value-chain stocks and related exchange-traded funds. SpaceX set its IPO price at $135 per share, and markets see fundraising of $75 billion with a potential post-listing valuation of about $1.75 trillion.