Korean financial regulators are under growing pressure to approve exchange-traded funds (ETFs) for crypto assets, after the U.S. securities regulator gave the green light on creation of ETFs for ethereum, Thursday (local time).
Korea will maintain the current ban on short selling until a reliable system is established to prevent illegal trading, a presidential official said Wednesday.
The Financial Supervisory Service officials visited Hong Kong to seek cooperation with financial authorities and investment banks there for the regulator’s efforts to stamp out illegal short selling. During his two-day visit from Thursday, a delegation led by FSS Senior Deputy Gov. Hahm Yong-il met executives in charge of the Asia-Pacific region at seven global investment banks to inform them about the Korean g.
From left: Blackstone Group CEO Stephen A. Schwarzman, KB Financial Group Chairman Yang Jong-hee and Financial Supervisory Service Gov. Lee Bok-hyun pose for a photo during a memorandum of understanding signing ceremony between the US alternative investment management firm and the Korean financial holding firm held in New York on Thursday. The two companies agreed to go beyond their current cooperation in alternative.
KB Financial Group signed a memorandum of understanding (MOU) with the global private equity firm Blackstone to establish a comprehensive business partnership in New York last Thursday, the group said Monday.