All articles tagged with #financial services commission
South Korea’s Financial Services Commission announced measures to curb volatility in SK Hynix by suspending new listings of single-stock leveraged ETFs and raising the minimum deposit to 30 million won (about $20k) starting Aug. 5. The move follows a sharp drop in SK Hynix shares, with its ADR down around 12% and the local stock slipping roughly 11–12%, as investors weigh the chipmaker’s fundamentals and the broader memory-chip rally.
South Korea's Financial Services Commission has raised concerns that U.S.-listed bitcoin ETFs may violate local laws, potentially conflicting with the Virtual Asset User Protection Act and the Capital Markets Act. The regulator plans to conduct further review, and the SEC chair is scheduled to meet with his Korean counterpart to discuss the matter. Meanwhile, South Korean authorities are also planning to introduce regulations that would require officials to disclose their cryptocurrency holdings. In the U.S., Vanguard has opted not to offer spot bitcoin ETFs on its platform, citing a misalignment with its investment portfolio strategy.
South Korea will re-impose a ban on short-selling shares until at least June 2022 to create a "level playing field" for retail and institutional investors. The ban, which was lifted in May 2021 for certain stocks, aims to address unfair trading practices by major foreign investment banks. The Financial Services Commission (FSC) will review market activity in June to determine if the ban can be lifted. The FSC has also established a team to investigate illegal activities such as naked short-selling. Resolving issues related to short-selling regulation is seen as crucial for South Korea's potential upgrade to developed-market status by influential index provider MSCI.