| Mobile Web

Search results for Yeouido

Crypto

To expand digital-asset financial products, trading standards and investor protection must come first

A proposal has called for establishing trading standards and investor protection systems to expand financial products and services using digital assets. Speakers at a forum in Seoul discussed development directions and domestic tasks for digital-asset ETFs and on-chain asset management. They said clearer licensing rules, reliable price calculation, custody arrangements and mechanisms for creation and redemption are needed. Participants also raised the kimchi premium and risks in smart-contract vaults.

Crypto

Democratic Party says it will prepare digital asset framework act within year, hold hearing soon

South Korea\'s Democratic Party reiterated its intent to enact a digital asset framework act within the year, saying a legal basis should come first and be supplemented later. Lawmaker Min Byung-deok said delays are leaving the country without adequate rules as global markets move quickly. Another lawmaker, Ahn Do-geol, called for formalising digital asset-linked products with investor protections and cited issues such as volatility, trading-hour gaps and on-chain risks. He also highlighted stablecoin legislation and plans for hearings.

AI & Enterprise

KB Financial, Bloomberg expand cooperation in global capital markets, link data and technology

KB Financial Group is expanding data and technology cooperation with Bloomberg in global capital markets and asset management, while working to strengthen its overseas client and investor network. The two sides signed a memorandum of understanding on Sept. 9 at KB Kookmin Bank\'s new building in Seoul\'s Yeouido, KB Financial said on Sept. 10. The partnership will also seek additional cooperation on data governance and digital transformation.