Search results for NextTrade
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
Financial investment industry joins energy-saving push with car use rotation and more remote work
South Korea\'s financial investment industry is stepping up energy-saving efforts in response to global energy supply-demand imbalances and rising prices. The Korea Financial Investment Association said securities firms, asset managers and other financial investment companies are participating. Measures include rotating car use, encouraging public transport, expanding remote work and flexible commuting systems. Companies are also cutting building power use by adjusting elevator and HVAC hours and switching off lights outside working hours.
Finance
KDX, NXT chosen for STO over-the-counter exchange pilot; Lucentblock left out
South Korea\'s Financial Services Commission selected the Korea Exchange-Koscom KDX consortium and the NextTrade-Musicow NXT consortium as preliminary license candidates to open a pilot over-the-counter exchange for tokenised securities. The FSC granted NXT conditional approval, saying it would halt the full licensing review if the Fair Trade Commission opens an administrative probe into technology theft allegations raised by Lucentblock. Lucentblock was dropped after receiving a lower evaluation score.
