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Finance

Big investment banks\' venture capital supply rises to 11.6 trillion won in Q2; small, mid-cap research mandate sought

Venture capital supply by seven large securities firms obligated to provide risk capital rose to 11.6 trillion won in the second quarter, up 2 trillion won, or 20.4 percent, from the first quarter, South Korea\'s Financial Services Commission said. Authorities plan to review differentiated credit for higher-risk investments and to overhaul brokerage research rules. Measures include curbing buy-rating bias, boosting small and mid-cap coverage, and extending mandatory IPO research.

Finance

Hanwha Investment & Securities to raise up to 900 billion won, seek IFA status and expand digital asset business

Hanwha Investment & Securities plans a capital boost of up to 900 billion won to enter the integrated financial investment business category and expand its digital asset business. It approved a 500 billion won third-party share sale and the issuance of up to 400 billion won in hybrid capital securities. The share sale targets major shareholder Hanwha Asset Management and its parent, Hanwha Life. The firm said it will use the funds to strengthen core businesses and invest in digital-asset platforms and blockchain infrastructure.

Finance

Lee Chan-jin asks broker CEOs to step up shareholder returns and investor protection

Lee Chan-jin (이찬진), head of South Korea’s Financial Supervisory Service, urged securities firm CEOs to expand shareholder returns and social contributions in line with earnings growth and to strengthen investor protection. He said the industry could not secure its future without investor trust. Lee criticised shareholder return efforts as falling short of market expectations and cited wide gaps in dividend payout ratios among major brokers.