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Reporter : Lee Yeon-woo
Sun, February 25, 2024 | 06:29
Mirae Asset retreats from China-related ETFs
Global X, a subsidiary of Mirae Asset Global Investments, which manages exchange-traded funds (ETFs) in the U.S., recently decided to delist most of its Chinese ETFs to 'ensure its product lineup meets the evolving needs of its clients.'
Korea's 'constructive' economy likely to become catalyst for WGBI inclusion
Global investment management firm PIMCO said it holds a 'constructive view' on the Korean market, attributing its favorable economic conditions as likely catalysts for its inclusion in the World Global Bond Index (WGBI).
IPO risk management to be strengthened in wake of Fadu controversy
The Financial Supervisory Service (FSS) has announced several measures to strengthen the risk management of initial public offering (IPO) procedures, in an apparent effort to prevent another incident like Fadu.
Asset tokenization shows underwhelming performance
The asset tokenization market in Korea has resumed, yet is showing underwhelming performance. This raises questions about the success of trading token securities - fractions of traditional assets like art - expected to start at the Korea Exchange within the first half of the year.
Korea's short selling ban to continue
The short selling ban in Korea might be prolonged, as President Yoon Suk Yeol emphasized that the ban is not merely a 'temporary measure for the general elections.'
Merger of Naver, Kakao-issued coins excites investors
The excitement among 'kimchi coin' investors is rising as two major coins, issued by Naver and Kakao, respectively, have recently announced a merger to boost their competitiveness in the global market.
Retail investors become key issue ahead of Korea's general elections
Prominent in the discussions leading up to the general elections this April are political promises targeting the nation's 14 million retail investors, seeking to attract their support.
Bitcoin falters after ETF approval
Despite the approval of the much-waited bitcoin exchange-traded funds (ETFs), its value is continuing on a downward trend. This deviates from market expectations that the price would continue to soar due to an influx of institutional investments.
Korean investors bet big on Japanese stocks as Nikkei 225 soars
While Korea's main bourse KOSPI has been performing sluggishly since the beginning of this year, Japan's Nikkei 225 index has been demonstrating a strong upward trend, setting new records day-by-day.
KakaoBank launches fund sales service
KakaoBank said Tuesday that it began selling six mutual fund products. This is the first time for an internet-only bank in Korea to launch such a service.
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