Gate Cryptocurrency News and Market Analysis

South Korea's National Pension Service recently ordered asset management firms handling its funds to strengthen internal controls and closely monitor employee stock trading, following front-running allegations at Samsung Active Asset Management. The directive came after the Financial Supervisory Ser

High-net-worth investors in South Korea sold Samsung Electronics and SK Hynix common stocks while purchasing Samsung Electronics preferred shares during the period up to the 10th of this month, according to data from four securities firms. The trading pattern reflects profit-taking on

Foreign investors' net purchases of US stocks and investment funds reached $942 billion in the 12 months through July, the highest level since the US Treasury began tracking the data in 1985, according to a Financial Times report. The surge was driven by strong US market performance, with the

Global financial market institutions are using tokenized U.S. Treasuries and money market funds as trading collateral for institutional investors, according to data from asset tokenization platform RWA.xyz as of the 27th. Tokenized Treasury and Treasury-focused MMF products have a circulation

NextTrade, South Korea's alternative trading system (ATS), saw its market share fall to single digits after the Korea Exchange launched its competing after-market service. During the 8 trading days from the 14th to 23rd, NextTrade's average daily market share based on trading volume dropped to 9.10%

Three Samsung-affiliated asset management firms will open a joint office in Jeonju, North Jeolla Province on October 12, where the National Pension Service (NPS) Fund Management Headquarters is located. Samsung Asset Management, Samsung Active Asset Management, and Samsung SRA Asset Management will

Korean securities firms are accelerating preparations for the Security Token Offering (STO) market ahead of the system's official launch in February next year. The firms plan to use the initial phase—which permits institutional private money market funds (MMF), quality private bonds, and unlisted st

South Korea's Ministry of Economy and Finance finalized a revised national tax revenue estimate on the 22nd of this month, projecting collections will exceed the March supplementary budget forecast by over 60 trillion won this year. The upward revision stems from a semiconductor industry boom that d

Circle Foundation announced grants supporting stablecoin payment trials at the United Nations Development Programme and World Food Programme. The initiatives will examine how regulated payment stablecoins can improve the speed, cost and transparency of aid distribution in humanitarian contexts.

KB Securities recorded an operating profit of 1.0245 trillion won in the first half, a 146% increase year-over-year, according to the Financial Supervisory Service's electronic disclosure system on the 27th. This marks the first time the company surpassed 1 trillion won in semi-annual operating prof

Fund managers at major Korean asset management firms lowered their three-month KOSPI index forecasts in a survey conducted on the 27th, with the average upper target falling to 7764 from 9628 in a June survey. The Hankyung survey of 53 fund managers at 12 domestic asset management firms showed the p

KB Securities' Capital Markets Division (CM Division) is expanding derivative hedging solutions following organizational restructuring early this year that combined equity derivatives sales and operations functions. The move addresses profitability risks from market volatility after the securities f

Korea Securities Depository is introducing a securities collateral system for settlement facilitation deposits at the end of this month, allowing domestic and foreign institutions to reduce mandatory cash reserves for Korean stock market investments. The new system accepts government bonds as collat

Korean retail investors' holdings in US stocks reached $196.2 billion as of the 25th, approaching the $200 billion threshold again after a two-month decline. Holdings peaked at $204.1 billion in May before dropping to $194.8 billion in June and $171.4 billion in July, then rebounded to $188.3 billio

President Donald Trump's administration approved new fuel economy standards on Saturday, marking a shift away from Biden-era electric vehicle mandates and offering automakers greater flexibility in vehicle production. Trump announced the policy change in a Truth Social post, citing over $100

Eleva Therapeutics, the US subsidiary of KOSDAQ-listed HLB, received FDA approval on May 23 (local time) for Ryfictu (lirafugratinib) as a second-line treatment for cholangiocarcinoma patients with FGFR2 fusion or rearrangement. The approval represents the first instance of a Korean pharmaceutical c

Korea Exchange halved the review period for biotech initial public offerings (IPOs) this year compared to 2022. The average review time for biotech companies' technology-based listings dropped to 70 business days this year from 140 business days in 2022. The reduction resulted from Korea Exchange's

Five major banks in South Korea face record bank bond maturities of 27.1 trillion won in Q4 (October-December), according to Hanwha Investment & Securities — double the 10-year average of 11.8 trillion won and exceeding the previous Q4 2022 peak of 20.6 trillion won. The surge may create a