Search results for SFC
Finance
Samsung Securities commercial paper business licence again fails to reach FSC agenda
Samsung Securities’ plan to enter the short-term funding business through issuer commercial paper was thrown into uncertainty again after the proposal was not placed on the Financial Services Commission’s regular meeting agenda on April 15. Market expectations had been that the firm could become the country’s eighth licensed issuer once it cleared the meeting. The omission was seen as unusual given past licensing timelines and has revived debate over fairness and the review process.
Finance
Mirae Asset Securities enters Hong Kong digital asset retail business
Mirae Asset Securities said on Tuesday its Hong Kong unit received final approval from the Securities and Futures Commission for a digital asset retail licence uplift. The company plans to open a mobile trading system in June and officially launch digital asset trading services for individual investors in Hong Kong. It aims to provide an integrated investment environment covering stocks, bonds and digital assets, and to offer services allowing Hong Kong clients to invest in South Korean stocks.
Telecommunications & Media
KT conducts emergency restoration drills using SFC during wildfire caution period
KT said on April 15 it will hold emergency restoration drills to prepare for the spring wildfire caution period. The drills aim to keep networks operating stably even if disasters such as wildfires or fires at telecommunications facilities occur. KT will use its Smart Field Check (SFC) platform to centrally manage restoration status across KT, affiliates and partner firms. It is also upgrading its SuperCell technology and will strengthen disaster response via SFC.
