Alexandre Kech’s Post

South Korea’s Financial Services Commission (FSC) has abolished the prior registration requirement, allowing corporate foreign investors to use the Legal Entity Identifier (LEI) to open investment accounts and invest in Korea. This has significantly enhanced market access, attracting over 1,200 corporate entities that used LEI to open new investment accounts in the past six months. The Korea Federation of Banks (KFB) has revised its operations manual, easing notarization requirements for foreign entities with an LEI. Learn more: https://lnkd.in/dPxQJ8kV #GLEIF #LEI #FinancialInnovation #Investment #GlobalFinance #SouthKorea #MarketAccess #Transparency

South Korea to Expand Forex Trading Hours Significantly South Korea is set to extend its forex market trading hours from 6.5 to 17 hours per day starting in July. This move aims to attract more foreign investment and enhance market liquidity by aligning trading hours with major financial centers like London and New York. This deregulation is part of a broader effort to open up the South Korean financial market to international investors. #forex #forextrading #SouthKorea #financialmarkets #currencytrading #deregulation #investing #globalfinance #financialnews #marketliquidity #foreigninvestment #tradinghours #economicgrowth #finance #Korea #stockmarket #money #business #investment #economy https://lnkd.in/gUJi8HcG

𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐝𝐲𝐧𝐚𝐦𝐢𝐜 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐛𝐨𝐧𝐝 𝐦𝐚𝐫𝐤𝐞𝐭? Join our webinar, where we delve into Korea Treasury Bonds (KTBs) and Monetary Stabilisation Bonds (MSBs). You'll soon be able to hold and settle these bonds seamlessly thanks to the new Euroclear Bank-Korea Securities Depository (KSD) link to be launched on 27 June 2024. 𝐖𝐡𝐲 𝐚𝐭𝐭𝐞𝐧𝐝? ✔ Exclusive insights: hear directly from the Ministry of Economy and Finance (MOEF) of #SouthKorea and top-tier representatives from the KSD and Euroclear Bank. ✔ Strategic edge: learn about the MOEF's initiatives to globalise its bondholder base. ✔ Expert views: hear more about the groundbreaking Euroclear Bank-KSD Link, set to revolutionise access to these markets. ✔ Interactive session: pose your questions to our panel of experts. 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐬𝐩𝐞𝐚𝐤𝐞𝐫𝐬: Mr. Sang Hyun Kwak, Director, Government Bond Policy Division, MOEF Mr. Keukjin Choi, Head of Global Financial Services Team, KSD Mrs. Isabelle Delorme, Global Head of Strategy & Product Expansion, Euroclear Mrs. Marije Verhelst, Head of Business and Product Development, Euroclear Mr. Frank Slagmolen, Director Global Capital Markets, #Euroclear 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐧𝐨𝐰 👉 https://lnkd.in/ejQUDh4A

South Korea to Implement Measures for Better Management of Foreign Exchange In an effort to increase access for offshore investors, the finance ministry of South Korea announced on Feb 6 that the government would be putting plans in place to better manage foreign exchange settlement risks. Read More: https://goo.su/0erRQ MUFG in Tokyo Crédit Agricole CIB in Paris HSBC Bank (Singapore) #offshoreinvestors #foreignexchange #currencyexchange #foreigninvestors #onshoredollarwonexchange #overseasinvestors

South Korea is rolling out the welcome mat for foreign investors! New measures aim to streamline foreign exchange transactions, making it easier and safer for international players to participate in the country's stock and bond markets. This move not only benefits investors with smoother transactions and increased flexibility, but also injects a much-needed boost to the South Korean economy through increased capital inflows and market stability. Read the full article to learn more about how South Korea is positioning itself for a stronger financial future. https://lnkd.in/eF_bQj_y #Asia #SouthKorea #FinGlimpse #Economy #ForexMarket #Currency

South Korea is easing registration and reporting requirements for foreign financial institutions to enhance trading conditions and attract more investors in the foreign exchange market, as announced by the finance ministry. Following deregulation measures implemented in July, which allowed registered foreign institutions (RFIs) to participate in the interbank forex market, the government will now permit these institutions to use credit lines from domestic or foreign companies for trading registration. Previously, RFIs were required to establish credit lines with at least 10 domestic firms, a process that could take years. The authorities will also stop requiring foreign firms to report daily borrowings and trades. Additionally, South Korea plans to incentivize local firms to trade during extended nighttime hours, as trading activity had been stable during this period. In July, the total spot trading volume increased by 10.7% year-on-year, averaging $11.73 billion. #AsiaRisk #Regulation #SouthKorea Follow us for daily updates on risk and operations in Asia! https://lnkd.in/gbmmqUeB

Korea's Financial Giants to Eye Nonbank Expansion When Rates Cut Why might major Korean financial giants pursue potential M&A plans when interest rates are cut? Are these lenders’ capital reserves sufficient to support their M&A and enhanced shareholder plans? What does it mean for their double-leverage ratios and debt issuances going into 2025? Can Woori Financial Group fund its planned acquisition of Tongyang and ABL Life Insurance –subjected to regulatory approval-- ? We answer your questions in our research note. Click here for our views on the Bloomberg Terminal: https://lnkd.in/gQi-viBn Francis Chan Matt Ingram: Korean Banks (Equity) Subscribe to my bio (BIO RENA KWOK <GO>) on the Bloomberg Terminal for updates on Asian financials credits. #korea #mergersandacquisitions #financials #creditresearch #fixedincome Bloomberg Intelligence

[Korea to facilitate easier currency trading for foreigners] Foreigners seeking to invest in the Korean capital markets will be able to exchange foreign currencies for Korean won more easily starting in the next quarter, according to the South Korean government on Wednesday. The revision comes as part of the government's efforts to enhance efficiency and stability of securities settlement and foreign exchange trading for offshore investors. The Finance Ministry, the Bank of Korea, the Financial Services Commission and the Financial Supervisory Service jointly announced the measures Wednesday. The revisions reflect the opinions of foreign investors, according to the Finance Ministry, including those collected during the recent Investor Relations session in London held by First Vice Minister Kim Byoung-hwan this month. Tap below to read full story. #Currency #Foreignexchange #FinanceMinistry #offshoreinvestor #BankofKorea #FinancialServicesCommission #FInancialSupervisoryService #won #dollar #SouthKorea https://lnkd.in/gstxVRaS

Korea eyes FX rules for stablecoins used in cross-border trade: report ➡️ Read All : https://lnkd.in/ejbvCyBC South Korea is planning to impose foreign exchange controls on stablecoins, underscoring the government’s concerns over their growing use in cross-border trade. South Korea is... [...] #SouthKorea #StablecoinRegulation #CryptoOversight #CryptoTax #VirtualAssetProtection #Crypto #Legal #NBTC

China is revolutionizing its financial landscape by opening its domestic interbank repo market to foreign private-sector investors for the first time. This is a significant shift from the previous limitation to public-sector investors and offshore Renminbi settlement banks. What does this mean for the global investment community? Enhanced Leverage Opportunities: Investors can now leverage more in China’s onshore cash bonds. Streamlined Cross-Border Liquidity Management: This move simplifies liquidity management across borders, making it easier for investors to manage their funds. Diverse Trading Strategies: A broader range of trading strategies becomes available, offering more flexibility and potential for innovation in investment approaches. Increased Market Investment Over Time: We anticipate a gradual and steady increase in investment in the Chinese market. It is expected that foreign inflows to surge to CNY 400-500 billion in 2024, a significant rise from CNY 269 billion in 2023. #ChinaMarket #InvestmentOpportunities #GlobalFinance #InterbankRepoMarket