Search results for promissory notes
Finance
Kiwoom Securities promissory note balance up 5.5 times in 9 months, expands 2030 investment
Kiwoom Securities\' retail customer balance in its promissory notes rose more than fivefold in nine months, the company said on Tuesday. As of Sept. 29, the balance stood at 659.6 billion won, up from 120.9 billion won on Jan. 2. Average balances per customer also climbed. Growth was steepest among customers in their 20s, while those in their 30s and 40s also increased holdings. Older age groups still held larger amounts overall.
Finance
Deposit tokens push into payment networks, accelerate capital market overhaul
Deposit-token trials are spreading from payment gateways and merchant networks to cross-border payments, shifting the commercialisation race from issuance to where tokens can be used. Payment and settlement at the same time could cut small merchants’ fees and settlement periods. Inclusive finance is expanding by borrower type as banks tailor products and fintechs support fees. Regulators are weighing tighter limits on single-stock leveraged products. Market reforms also tighten scrutiny of duplicate listings and low-PBR firms.
Finance
Korea Investment & Securities posts 9.6 billion won Q1 operating profit, up 85 percent
Korea Investment & Securities said its first-quarter operating profit rose 85.0 percent from a year earlier to 9.6 billion won, while net profit climbed 75.1 percent to 7.8 billion won. The brokerage attributed the gains to broad-based growth across its main businesses, including brokerage, wealth management, investment banking and trading. It also expanded AI-based functions in its mobile trading system and strengthened partnerships with global financial firms.
