The FSS has formed a task force to support the industry in making determinations on whether virtual assets are securities.
February 15, 2023Investors are expected to be able to trade security tokens in 2024 through the digital platforms of major securities firms. General investors will be subject to investment limits.
February 6, 2023CGS-CIMB is providing accredited investor clients access to tokenised and fractionalised private market securities via ADDX.
December 20, 2022The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
June 21, 2022Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.
February 24, 2022Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.
November 16, 2021Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021The central bank is considering a possible increase in its policy rate and a normalisation of monetary policy this year.
June 17, 2021The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.
February 25, 2021Woori Bank, Busan Bank and Industrial Bank of Korea have reportedly agreed to pay restitution to investors based on estimated damages.
January 26, 2021