Search results for securities registration statement
Finance
Retail investor fund backing advanced industries to launch in May, drawing mixed hopes and worries
Market expectations and concerns are colliding over a retail investor version of South Korea\'s National Growth Fund set to launch in May. The product will raise money from the public to invest in 12 strategic advanced industries and offers income deductions and preferential tax treatment on dividend income. Critics point to a five-year lock-up, liquidity burdens and questions over whether benefits will skew to wealthy investors. Concerns also include potential mis-selling and uncertain returns and dividend rules.
Industry
LG Energy Solution to pursue 400 billion won corporate bond issue
LG Energy Solution plans to issue 400 billion won of corporate bonds and filed a securities registration statement with the Financial Supervisory Service on Feb. 20. The won-denominated offering, its fourth, includes 2-year, 3-year, 5-year and 10-year tranches. The company will hold demand forecasting for institutional investors on Feb. 24 and may consider increasing the size depending on results. Pricing and the final interest rates will be set after the bookbuilding.
Finance
Stablecoin integration accelerates with credit card networks; internet banks target remittances
Efforts to link stablecoins with established card networks are picking up pace, with Visa’s annualised stablecoin settlement volume at $4.5 billion and growing monthly. Korean internet banks are active around overseas remittances. Analysts expect the four biggest financial holding groups to post a combined 18.33 trillion won in annual net profit, up 12 percent. Financial firms also announced AI transformation programmes, fintech partnerships, listings and governance reforms, alongside legal changes for tokenised securities.
