7+ hour, 23+ min ago   (446+ words) The National Pension Service said it appointed former Teachers’ Pension investment management chief Lee Kyu-hong as its new **CIO** to oversee $1.35 trillion in national retirement assets. The new CIO, who posted three straight years of double-digit **fund management returns** at…...

6+ hour, 14+ min ago   (293+ words) Authorities said they had arrested a group that laundered criminal proceeds worth $67.3 million through **digital assets** purchases and cash withdrawals. The group was hired by scam rings tied to **investment chat rooms** and secondhand goods transaction fraud, and laundered the…...

8+ hour, 54+ min ago   (375+ words) Jang Dong-hyuk said he strongly opposes the Bank of Korea’s push for **CBDC** through **Project Hangang**, arguing it could infringe on citizens’ financial information and property rights. He said there is no reason to rush into adopting a CBDC at…...

9+ hour, 22+ min ago   (248+ words) Hana Securities said it signed a memorandum of understanding with Upbit Global for business cooperation in the **digital-asset** and **finance** sectors. The two companies said they plan to cooperate on developing **digital-asset management business models**, designing and launching related products…...

10+ hour, 18+ min ago   (400+ words) Lee, the chairman nominee, said he would sustain growth without becoming complacent as the leader by **embedding artificial intelligence technology** and strengthening **competitiveness in capital markets**. He said changes in financial markets, including **AI, digitalization, money moving into stocks, and…...

11+ hour, 13+ min ago   (243+ words) Hashed and its subsidiary ShardLab said on Sept. 14 that they will hold Collectible Con, South Korea’s first collectibles event, with The Concept Labs, a unit of Thailand’s CP Group. Collectible Con is an interactive event where collectors can view and…...

11+ hour, 20+ min ago   (302+ words) Issuance of sovereign debt excluding foreign exchange stabilization bonds, including 222.8 trillion won ($161.4 billion) of Treasury bonds and 15.3 trillion won ($11.1 billion) of national housing bonds, is set at 238.1 trillion won ($172.5 billion). That is down 1.7 trillion won ($1.2 billion) from 239.8 trillion won ($173.7 billion)…...

11+ hour, 43+ min ago   (360+ words) Korea Exchange has introduced an **after-market (night session)** that allows real-time trading from 4 p.m. to 8 p.m., marking a new turning point for South Korea's stock market. The longer trading session is heightening concern that **liquidity** will be spread more thinly and that…...

1+ day, 6+ hour ago   (214+ words) Lee Hyoung-il, South Korea’s nominee for deputy prime minister and finance minister, said detailed tax guidelines for virtual assets will be announced before year-end ahead of the planned Jan. 1 implementation of crypto taxation. The Kyunghyang Shinmun reported on Sept. 13 that,…...

1+ day, 7+ hour ago   (362+ words) Brokerages expect the Kospi to fluctuate around the 7,000 level this week, from Sept. 14 to Sept. 18. On Friday, Sept. 11, the benchmark index closed at 6,909.91, down 124.01 points, or 1.76%, from the previous session. NH Investment & Securities said on Sept. 13 that it expects the…...