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Financial authorities criticized the brokerage industry for its reliance on the real estate business and warned that they would hold firms accountable that fail to manage real estate project financing risks effectively. ....
President Yoon Suk Yeol (center) attends the opening ceremony of the nation’s first stock trading day of the year at the Korean Stock Exchange in Seoul on Tuesday, becoming the first Korean president to do so. From left are Seo Yoo-seok, chairman of the Korea Financial Investment Association; Rep. Yu Eui-dong from the ruling People Power Party; Sohn Byung-doo, chairman of the Korea Exchange; Finance Minister Ch. ....
Controversy is arising over the location of an alternative stock exchange (ATS), as Nextrade, a newly established exchange operator, has submitted its plan to place its headquarters in Seoul. ....
The Korea New Exchange (KONEX) market, a local securities exchange exclusive for small and medium-sized enterprises and startup companies, marks its 10th anniversary this summer. Since its establishment on July 2, 2013, the total market cap of the bourse market has grown by over tenfold to 4.2 trillion won ($3.2 billion) from 400 billion won a decade ago. ....
Prosecutor General Lee One-seok has vowed to root out stock market manipulation by introducing tougher punishments and confiscating illegal gains from unfair traders. ....