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Finance

Fintech industry group calls for public STO use, review of development gains sharing and leasehold loan application

The Korea Fintech Industry Association on April 28 held a forum on building an inclusive digital economy and fostering a sustainable digital asset industry through public tokenised securities (STO) models. Participants said STOs could improve investment access and strengthen transparency through blockchain-based trading. Speakers called for stronger institutional foundations such as investor protection and disclosures. Proposals included linking public development gains to households and tokenising jeonse deposits to improve liquidity.

Finance

Capital market rules tighten as MyData programme expands

South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.

Finance

NH NongHyup Bank launches local settlement finance package, bolsters support outside capital

NH NongHyup Bank said on April 17 it will launch a “local settlement finance package” from the end of this month for regions outside the Seoul metropolitan area to support local economic revitalisation and balanced national development. The programme will run through end-2026 with a 1 trillion won cap for new mortgage borrowers. It will offer a 0.2 percentage-point preferential rate, waive early repayment fees and have the bank cover stamp duty in full.