Search results for Political Affairs Committee
Finance
Finance network separation rules eased, fueling 140 trillion won fintech investment
South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.
Finance
Kosdaq firms below market cap threshold can move to Konex, delisting rules revised
South Korea will allow Kosdaq-listed companies that fall short of the market capitalisation threshold to transfer their listing to the Konex market if they meet certain financial requirements, aiming to reduce market shock from tougher delisting rules. Authorities will also delay by six months a planned increase in the Kosdaq market-cap delisting threshold, pushing the implementation to July next year from January.
Finance
KOSDAQ rally faces policy test as segmentation delays, tougher delisting rules loom
After posting its strongest August gain since launch, South Korea’s KOSDAQ is facing a policy test in September. Plans to introduce a tiered market segmentation aimed at attracting institutional money have been delayed, while tougher delisting rules are raising concerns about pressure on growth firms. Trading value remains weak despite the rally. The exchange has yet to hold a public hearing on the segmentation plan. Delisting cases could emerge from Oct. 21 under current rules.
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Finance
Mandatory financial firms\' contributions to inclusive finance agency extended to 2036 after subcommittee approval
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Finance
Financial firms\' duty to fund low-income finance nears end, parliament weighs permanent fund or extension
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Crypto
Bitcoin breaks $80,000 after three months, raising questions over South Korea digital asset regulation
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Crypto
Digital asset alliances emerge as banks, brokerages and asset managers race to team up
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AI & Enterprise
Amendment to Personal Information Protection Act passed, introduces AI special provision for personal data use
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Finance
Financial chiefs apologise after stock market collapse, accept leverage responsibility
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Finance
South Korea financial regulators consider further steps on single-stock leveraged ETFs
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Crypto
South Korea government, ruling party step up push for digital asset framework law this year
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Politics
Song Gi-heon elected chair of science, ICT and broadcasting committee for second half
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Crypto
Local elections over, but digital asset framework act still unclear
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Crypto
Exchanges push to cut fee reliance as digital asset results freeze
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Crypto
Stablecoin land grab intensifies as banks and fintech form alliances
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Crypto
Bitcoin rebounds as quantum computers threaten crypto security
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Crypto
Global digital asset firms flock to South Korea but legislation stalls
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Crypto
Bank of Korea steps up \'Project Hangang\' as it presses CBDC pilot