| Mobile Web

Search results for Korea Securities Depository

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.

Finance

RIA account launch draws funds in first week as big firms dominate, raising concerns for smaller brokerages

South Korea’s repatriation investment account (RIA) is attracting funds a week after launch, with sharp differences emerging between large and smaller brokerages. Korea Investment & Securities topped 10,000 subscribers in three trading days, while Samsung Securities reported more than 4,000 accounts and 30 billion won in balances. The product offers temporary tax breaks on gains from overseas stock sales if proceeds are converted to won and reinvested domestically for at least a year.