Money | BusinessKorea

Monday, March 19, 2018


The South Korean government is positively considering the adoption of a cryptocurrency exchange approval system, benchmarking the model of the State of New York that gives a selective permission.
Adoption of New York Model?
12 February 2018 - 9:00am
The South Korean government is positively considering an introduction of cryptocurrency exchange approval system. It has changed its stance over regulations on digital currency exchanges from...
The concern is growing that the US raising of its interest rates can lead an prompt American investors to exit South Korea in search of higher returns
Concerns on Money Outflow
8 February 2018 - 8:45am
As the United States central bank is now poised to raise interest rates at a faster-than expected pace, U.S. investment funds could rush out of South Korea, dealing a blow to the local stock market,...
The South Korean government will scrap its plan to levy capital gains taxes on foreigners who hold more than 5 percent of South Korean listed stocks.
Capital Gain Tax on Foreigners
7 February 2018 - 11:45am
The South Korean government has scrapped the implementation of a proposed widening of capital gains taxes on foreign buyers of Seoul stocks due to growing concerns over the so-called “Korea discount...
Industrial Bank of Korea (IBK) acquires 82.59% shares of Bank Agris.
First Acquisition in Bank History
7 February 2018 - 10:45am
Industrial Bank of Korea (IBK) and Dian Intan Perkasa (DIP), which is the largest shareholder of Bank Agris, recently signed a conditional stock purchase agreement so that the former acquires the...
South Korean cryptocurrency exchange Coinpia halt trading from as Feb. 6 as banks are reluctant to issue a new cryptocurrency accounts.
Due to Reluctance of Banks
7 February 2018 - 9:30am
As banks continue to be reluctant to issue a new cryptocurrency accounts, a South Korean cryptocurrency exchange, which failed to open a digital currency account, has decided to suspend its...
The market capitalization of Seoul bourse surged about 38 percent on-year in 2017.
Market Capitalization
6 February 2018 - 9:30am
The combined market capitalization of South Korean stocks listed in the country’s both primary and secondary bourses surged about 38 percent on-year in 2017, recording the world’s third biggest among...
North Korea keeps trying to steal money including digital currencies this year.
Cryptocurrency Stolen by N. Korea
6 February 2018 - 9:30am
North Korea already stole tens of billions of won of digital currencies from South Korea through hacking attacks and is still trying to attack cryptocurrency exchanges this year as well. The National...
Most of Global investment banks (IBs) have posted positive outlook for South Korean stocks.
Preferences to Korean Stocks
5 February 2018 - 11:15am
With foreign investors continuing net purchases for South Korean stocks this year, global investment banks (IBs) have also posted positive outlook for South Korean stocks with some predicting the...
The price of bitcoin is going through a substantial adjustment and is most likely to be near to a monetary stringency level, shortly before the heavy fall in terms of cycle.
Nearing Monetary Stringency
5 February 2018 - 10:15am
Although the price of bitcoin rebounded in Korea after “Black Friday” when it plunged to as low as 8 million won (US$7,363) on Feb. 2, it has come close to a level of monetary stringency, the last...
foreigners' investment has less influence on the indexes and direction of stock prices than in the past.
Getting Less-influenced
5 February 2018 - 9:45am
The dependence of South Korean stock market on foreign investors is decreasing. Foreigners have been continuously purchasing South Korean stocks from last year unlike individual and institutional...
Foreign cryptocurrency exchanges are watching for an opportunity to tap into the South Korean crypto exchange market.
Seeking for Chances
2 February 2018 - 9:30am
Global cryptocurrency exchanges are seeking to break into the South Korean market one after another following BitPoint, the third largest exchanges in Japan. They aim to expand an ecosystem by...
Finance Minister Kim Dong-yeon hinted that virtual currency exchanges can be incorporated into the institutional system.
Voice of Control Tower?
1 February 2018 - 9:45am
Deputy Prime Minister and Minister of Strategy & Finance Kim Dong-yeon remarked on January 31 that the South Korean government is not planning to oppress or drive out virtual currencies, even...


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