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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.

Finance

NH Investment & Securities designated IMA operator, moving to expand risk capital supply

NH Investment & Securities said on Tuesday it was officially designated an Investment Management Account (IMA) operator at a regular meeting of the Financial Services Commission. The designation makes it South Korea\'s third IMA operator, following Korea Investment & Securities and Mirae Asset Securities, which were designated in November. The firm said it raised capital through a 650 billion won rights issue and completed reviews and inspections before final approval.