Search results for Mirae Asset Financial Group
Finance
Investment firms on edge ahead of parliament audit as leverage losses, finance hacking loom
South Korea\'s financial investment industry is bracing for a parliamentary audit that is expected to focus on investor protection and information security. Lawmakers are set to question regulators over the rollout and supervision of single-stock leveraged and inverse exchange-traded products after disclosures of retail losses. The expanding hacking incidents across financial institutions have also put securities firms\' security and internal control systems under scrutiny, alongside calls for tougher preventive inspections.
Crypto
Asset managers roll out digital-asset ETFs overseas. What about South Korea?
South Korean asset managers are launching exchange-traded funds overseas that highlight stablecoins, tokenisation and bitcoin, while the domestic market has yet to list spot digital-asset ETFs or products branded around such themes. In South Korea, exposure is mainly gained by including related companies in existing overseas equity ETFs. Firms are also expanding digital-asset initiatives, including tokenising ETF products and building blockchain partnerships, as they prepare for possible regulatory changes.
Industry
AI chip startup Rebellion raises $400 million in pre-IPO round
AI chip startup Rebellion has raised an additional $400 million at a valuation of $2.34 billion in a pre-IPO round ahead of a planned initial public offering this year, TechCrunch reported. The round was led by Mirae Asset Financial Group and the Korea National Growth Fund. Rebellion said total funds raised reached $850 million, including $650 million raised in the past six months.