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The Seoul Southern District Prosecutors’ Office has officially elevated the “Virtual Asset Crime Joint Investigation Task Force.” to a formal organization named the “Virtual Asset Crime Joint Investigation Division.” This move is designed to empower the new division to directly…
Cha & Kwon Law Offices has entered the CIS legal market through a partnership with Uzbekistan’s Law Firm, Black Swan. The MOU signing, attended by Partner Attorney Jo Joonghan and Black Swan’s Managing Attorney Amir Akhmedov, will focus on corporate…
A court has dismissed KB Securities’ request for an injunction against Toss Securities concerning their web trading system (WTS). Legal experts suggest that KB Securities might appeal the decision. Attorney Ohoon Kwon explained, “In unfair competition cases, courts typically assess…
The first quarter of 2024 will be shaped by three significant factors: U.S. Treasury yields, Bitcoin, and the USD/KRW exchange rate. Treasury yields are expected to rise further, supported by robust economic performance and inflationary pressures. Manufacturing data, such as…
Bank deposit and lending rates have been moving in opposite directions since the Bank of Korea cut its key interest rate. While major banks are lowering their deposit rates to reflect the rate cut, lending rates are rising due to…
Vice Prime Minister Choi Sang-mok held a “Macroeconomic and Financial Conference” on September 19, 2024 to review the impact of the U.S. Federal Reserve’s decision to cut interest rates and discuss ways to respond. The US Federal Reserve cut its…
The Financial Supervisory Service has responded to concerns regarding compensation standards for subscribers to the Hong Kong H Index equity-linked securities (ELS). They assert their legal authority to establish such standards under the Financial Consumer Protection Act. Article 33 of…
In 2022, the Securities and Futures Commission approved investment contract securities for piecemeal investment operators, with new guidelines enhancing investor protection. Due to their unique structures, these guidelines require a lawyer’s legal review opinion for investment contract securities, even for…
The Korean government will extend the operating hours of the foreign exchange market until 2 am from the second half of next year and improve the system so that foreign investors can directly participate in the domestic foreign exchange market.…
A plan to disclose the real names of foreign financial investors in case of illegal short selling will be implemented from February this year. The Financial Services Commission (FSC) announced in early December last year that, from February this year,…
