The total market capitalization of secondary bourse Kosdaq has surpassed 458.4 trillion won ($354.85 billion), reaching an all-time high on Wednesday morning. Just a day after hitting a record-high of 454.57 trillion won on Tuesday, the Kosdaq market capitalization continued to expand, surpassing the previous day's record. The recent rise can be attributed to significant surges in the market capitalization of ba.
A new bourse operator is looking to shake up the Korean stock market next year, with a launch that would break up Korea Exchange's monopoly for the first time in nearly seven decades. On July 19, the Financial Services Commission granted preliminary approval for the alternative trading system called Nextrade. A total of 34 companies, including leading brokerage houses and ICT firms, as well as the Korea Financia.
South Korea's Financial Supervisory Service has ordered three Chinese banks operating in Seoul to take disciplinary action after they were found to have violated disclosure and reporting obligations. The lenders in question are the Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank. The FSS ordered the Chinese firms to autonomously handle their employees involved in t.
South Korean credit card issuer BC Card announced on Sunday it has decided to establish a joint venture with a Kyrgyz state-run payment provider to offer a unified card payment processing service in the central Asian country. The joint venture firm, called BC Card Kyrgyzstan (BCKG), will be set up in Kyrgyzstan's capital city, Bishkek, in August in collaboration with two firms Korean payment services firm Sma.
Samsung Electronics announced Wednesday that it will not charge any fees to card issuers in Korea for its digital wallet service, Samsung Pay. "We have decided to keep Samsung Pay commission-free," a Samsung official said in a statement. “Samsung Electronics is dedicated to enhancing the development of the domestic payment ecosystem by maintaining ongoing partnerships with local card companies, all wh.