Nextrade (NXT), a preparatory corporation for an alternative exchange, has received preliminary approval for an investment brokerage license from the Financial Services Commission (FSC) on July 19. As early as the beginning of 2025, it will be possible to trade listed stocks, such as Samsung Electro
The financial authorities are significantly easing restrictions on overseas subsidiary investment and capital support to activate overseas expansion of domestic financial companies. Consequently, domestic banks will have looser restrictions on investing in foreign non-financial companies, and insura
Country-specific lending limits at export credit agencies (ECAs) such as the Export-Import Bank of Korea (Korea Eximbank) and Korea Trade Insurance Corporation have emerged as a variable in finance for Korean defense exports. Korea exported 17 trillion won (US$17 billion) worth of defense goods to P
The Korean government will announce a plan to ease special listing requirements for excellent companies with cutting-edge technologies in the semiconductor, bio, artificial intelligence, and secondary battery sectors in July.The Financial Services Commission (FSC) will map out the plan by forming a
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.In May, passenger demand was boosted by holidays, especially on mid/long-haul routes. The slow recovery of US-China flights led to stronger air cargo fares, and domestic FSCs benefited from increased
An increase in short selling has slowed amid repeated warnings from financial authorities. Short selling tapered off as an aggressive crackdown on unauthorized short selling and the manipulation of stock prices in contracts for difference (CFDs) has become a hot topic. However, financial authorities
The Korean government will launch a major support program to support the Korean shipbuilding industry. It will provide 180 billion won (US$135 million) in support for the development of core technologies for future ships in 2023 alone and will also expand refund guarantees (RGs) to help Korean shipb
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Following on from March, the gap in traffic performance between FSCs and LCCs continued to widen in April. However, in terms of share performance, competitive repositioning or market share expansion
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.With solid demand on main routes, FSCs outperformed LCCs in terms of traffic demand in March. We advise taking advantage of dip-buying opportunities, amid a likely improvement in demand on both mid/lo
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.ESG investment fund inflows have stagnated, reflecting weakness in the stock market. Ahead of the implementation of the Inflation Reduction Act (IRA) in the US, the EU has also announced various
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed.International passenger demand remained on a solid recovery track in February. LCCs are showing robust flight fares, but these prices will likely stabilize after 1Q23. With more flights to China and
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. STO market to facilitate expansion of conventional financial marketOn Feb 5, financial authorities announced their STO guidelines, intending to complement the existing financial regulatory sandbox
The financial authorities are preparing to improve the governance structure of companies with dispersed ownership. In Korea, privatized public companies such as POSCO and KT, and financial holding companies such as Woori, Shinhan, Hana, and KB Financial Groups have dispersed ownership without a cont
Former Financial Services Commission Chairman Yim Jong-ryong became the sole candidate for the next chairman of Woori Financial Group on Feb. 3.“I will do my best for organizational innovation and new corporate culture so that the group can win even more trust from market participants,” he said afte
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.KAL’s margins deteriorated q-q in 4Q22 on lower freight rates and higher operating costs. Its OP is to be sapped in 1H23 by decreased freight rates, but we anticipate an earnings recovery from 2H23. W
Financial authorities are introducing a mandatory offer system as a way to protect minority shareholders from mergers and acquisitions (M&As) in the form of a share sale and purchase.M&As in this form have not offered ordinary shareholders an opportunity to sell their shares. In the future, when a c
The Financial Services Commission is looking into cryptocurrencies issued by domestic exchanges. This is because the bankruptcy of FTX was caused by FTT, its self-issued cryptocurrency.“According to the Act on Reporting and Using Specified Financial Transaction Information, domestic cryptocurrency e
The Financial Services Commission (FSC) has decided to improve regulations related to industrial-financial capital separation. The purpose is to better reflect today’s trends such as digital finance and big blur while maintaining the framework of the scheme introduced 40 years ago for financial stab
The Financial Services Commission decided on July 26 to change some rules and regulations related to short selling.At present, when the price of a stock falls at least 5 percent and the short selling of the stock increases six-fold or more, a one-day short selling ban is applied to the stock the nex
Kim Joo-hyun, the new chairman of the Financial Services Commission (FSC), said on July 11 that he would ban short selling if the stock market volatility expands further.“Financial authorities in foreign countries also ban short selling, if necessary, when financial markets change abruptly,” Kim sai