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Finance

Lee Eok-won says regulators will keep checking overseas private credit; Solidigm U.S. IPO would be dual listing

South Korea’s financial authorities will continue to check exposure and risk management after criticism that some funds in integrated investment accounts are being put into overseas private credit, Financial Services Commission Chairman Lee Eok-won (이억원) said. Lawmaker Kim Hyun-jung raised concerns about the share and balance of such investments at Korea Investment & Securities. Lee also said SK hynix’s U.S. unit Solidigm would be subject to existing dual listing guidelines if it lists.

AI & Enterprise

HSBC CEO warns not all data centres benefit from AI boom

HSBC CEO Georges Elhedery urged a selective approach to data-centre investment, saying not every facility will prove attractive even as AI spreads. He called AI a major investment theme and a core technology that can help redesign banking, but said infrastructure funding should be judged by contract structure and profitability, including the quality and pricing of leases. His comments come as AI and cloud demand fuel a surge in data-centre spending and raise concerns about rising debt issuance.

Finance

Global financial firms step up push into South Korea, targeting retail ETFs and institutional alternatives

Global financial firms are increasingly turning to South Korea as they expand local footholds to target demand from retail investors for overseas investment products and from insurers and pension funds for alternative assets. Alternative investment manager Hayfin said it will broaden cooperation with Korean institutional investors via its Seoul office. U.S. ETF managers Tradr ETFs and Tuttle Capital Management cited sizable Korean ownership in their assets.