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Crypto

U.S. SEC considers allowing trading of stock tokens without listing company consent, innovation exemption near release

The U.S. Securities and Exchange Commission is preparing a new framework that could allow third parties to issue and trade U.S. stock-based tokens without the issuing company’s consent, a report said. The SEC may announce an “Innovation Exemption” as early as this week. Under the plan, tokens must provide the same economic rights as existing shares, including voting rights and dividends, potentially enabling securities trading on blockchain-based DeFi platforms.

Finance

KOSPI enters pause as financial sector faces pressure for inclusive finance

South Korea’s stock market has surged on an AI semiconductor rally, pushing the KOSPI above 8,000 for the first time and lifting market value to sixth in the world, ahead of Taiwan. Brokerages posted strong first-quarter results as trading rose. Caution is also growing over volatility after the sharp run-up. Separately, “inclusive finance” has emerged as a key issue as banks and financial groups face pressure to expand support for vulnerable borrowers and strengthen public responsibility.

Finance

KOSPI hits 8,000 as debate returns over reviving financial investment income tax

With the KOSPI heating up and breaking above 8,000 intraday, debate has resurfaced over reviving South Korea’s financial investment income tax. Labour and civic groups call for normalising taxation of financial income, arguing capital income is insufficiently taxed compared with wages. President Lee Jae-myung has also raised the need to reform securities transaction and capital gains taxes. Opponents warn the tax could hurt sentiment and spur outflows, while the government has not formalised reintroduction.