Search Results for: Korea Exchange
South Korea offers 25 billion USD investment package to Iran
May 5th, 2016
South Korean President Park Geun-hye offered 25 billion U.S. dollars aid for infrastructure investment in Iran, Petro Energy Information Network (SHANA) reported on Wednesday. According to its 6th Development Plan, Iran wants to invest 185 billion U.S. dollars in ...
ESMA to cooperate with South Korean Regulators on Central Counterparties (CCPs)
March 24th, 2016
The European Securities and Markets Authority (ESMA) has established a Memorandum of Understanding (MoUs) under the European Markets Infrastructure Regulation (EMIR) with the South Korean Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) respectively. The MoU establishes ...
The Common Reporting Standard: Automatic Information Exchange Goes Global
October 16th, 2015
Automatic exchange of information for tax law enforcement purposes started first in Europe with the EU Savings Tax Directive, went international with the US Foreign Accounts Tax Compliance Act, and, from 2017, will go global with the recently-agreed Common ...
S.Korea reviewing whether global banks in FX probe affected Korea
June 17th, 2015
South Korea’s anti-trust agency chief said on Wednesday the agency is looking into whether the activities of six global banks that were recently fined nearly $6 billion in a U.S. and European forex probe had affected South Korean companies. ...
Alibaba, South Korean City Of Incheon Mulling $912M Joint Investment In ‘Alibaba Town’
January 12th, 2015
China’s Alibaba Group Holding and the South Korean city of Incheon are in talks for a joint investment worth 1 trillion won ($912 million) in a new business area in the city, local media reported Monday. The new area, ...
Sony CEO Cleared Scenes in Film on North Korea, E-Mails Show
December 10th, 2014
Sony Corp. (SNE) Chief Executive Officer Kazuo Hirai personally approved scenes in “The Interview,” the Seth Rogen film that angered North Korea and may have prompted a cyber attack on the company’s Hollywood film studio, according to e-mails made ...
Won drops; yen leads gains among G-10 currencies, gold rises
August 9th, 2017
Stocks in Asia declined with U.S. equity-index futures and the South Korean currency tumbled as investors took a risk-off approach after the U.S. and North Korea exchanged threats amid escalating tensions between the two nations. The yen and gold ...
Samsung Electronics to consider split
November 28th, 2016
South Korea’s Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source. A split would allow the heirs of ...
CFTC Expands Interest Rate Swap Clearing Requirement
September 29th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today expanded the existing clearing requirement for interest rate swaps. The Commission voted unanimously to approve an amendment to Commission regulation 50.4(a) that establishes a new clearing requirement determination. The new clearing ...
DTCC Signs Memorandum of Understanding on Cooperation with KRX
May 10th, 2016
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, and the Korea Exchange (KRX), the sole securities and derivatives exchange operator in South Korea, today announced the signing of a ...
