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Saturday, November 18, 2017

Money

Bithumb's daily trade volume of bitcoins on August 19 ran to 2.6 trillion won (US$2.3 billion), more than the trading volume in the KOSDAQ market of Korea.
What Should Be Done?
18 November 2017 - 2:30am
As virtual currency speculation has spread like wild fire among Korean people, the number of those who invested in virtual currencies and suffered loss is on the rise. A typical example is a sharp...
The domestic stock market showed a rising tendency based on KOSDAQ small and mid-size stocks regardless of the U.S. market declines.
Booming Seoul Bourse
17 November 2017 - 11:45am
The benchmark Korea Composite Stock Price Index, or KOSPI, closed higher and bounced back to the 2,530 level on November 16. The secondary KOSDAQ index renewed its yearly high for the fourth...
The Korean securities industry has been reorganized into the structure of “five big and two mid-size players.
5 Big and 2 Mid-sized System
17 November 2017 - 11:15am
As the era of mega-sized investment banks (IBs) has opened, the securities industry sees a rapid shift power in the market. With five large brokerage firms were given a green light by the local...
Even though the value of the won against the dollar surges, the Korean government only controls the pace with vocal intervention unlike the past when it aggressively intervened in the foreign exchange market.
Despite Weak Dollar
17 November 2017 - 9:45am
The Korean won is getting stronger against the dollar. The won-dollar exchange rate fell below 1,100 won during the day for the first time since September 30 last year.  The won's appreciation is a...
The KOSPI-listed companies’ ratio of operating profit and net profit to the net sales and debt to equity ratio improved for three quarters in a row.
Well Performing
16 November 2017 - 11:00am
South Korea's KOSPI-listed companies enjoyed a record-breaking performance in the third quarter for three quarters in a row. As their ratio of operating profit and net profit to the net sales and...
New York State Department of Financial Services (DFS) is planning to order NH Nonghyup Bank and its New York branch to strengthen compliance with the requirement of anti money-laundering.
Requiring Anti Money-Laundering
15 November 2017 - 11:30am
The New York State Department of Financial Services (DFS) will impose a huge fine on South Korean banks that have branches in New York.  According to investment banking industry sources on November...
Foreign investors turned into net buyers from net sellers in both the securities and the bond markets for the first time in three months after July.
Hitting Record High
15 November 2017 - 11:00am
Foreign holdings of South Korean securities and bonds came to about 752 trillion won (US$672.63 billion) last month, reaching an all-time high. The Financial Supervisory Service (FSS) announced that...
A new platform for professional investors like venture capitals and financial institutions will be annexed to the Korea Over-the-Counter (K-OTC) market.
Specialized Market Platform
15 November 2017 - 9:45am
An over-the-counter (OTC) market for professional investors, such as venture capitals and angel investors, will be opened in South Korea in order to supply venture capital to start-ups and venture...
Overseas virtual currency exchanges are approaching Korean investors while. Korean virtual money exchanges are also seeking ways to enter overseas markets.
Expanding Territories
13 November 2017 - 8:30pm
Overseas famous virtual currency exchanges are approaching Korean investors while providing Korean-language services. Korean virtual money exchanges are also seeking ways to enter overseas markets to...
While the Bitcoin Cash price hits record highs, servers of Bithumb, the number-one virtual currency exchange in Korea, were paralyzed for about two hours, damaging investors.
Causing Damages to Investors
13 November 2017 - 8:00pm
Damage to investors is growing due to the temporary suspension of access to major virtual currency exchanges coupled with sharp fluctuations in virtual currency prices. Investors are filing lawsuits...
The Financial Services Commission (FSC) is planning to grant a license for five mega IBs and short-term financing business only to Korea Investment & Securities at the regular meeting on (November 13.
Increasing Conflicts
13 November 2017 - 12:30pm
The mega-sized investment banks (IBs) will be launched in earnest on November 13. The Financial Services Commission (FSC) plans to designate Mirae Asset Daewoo, NH Investment & Securities, KB...
The combined market capital of listed companies from South Korea’s top 10 biggest business groups in terms of assets came to 1,005.2 trillion won (US$896.96 billion) as of Nov. 10, accounting for 52.8 percent of the total market cap.
Accounting for 52.8% of the Total
13 November 2017 - 11:15am
The market cap of major conglomerates such as Samsung, SK and LG Group, showed a rapid rise as capital is focused on tech companies due to the fourth Industrial Revolution and there is a...

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