SEOUL, March 23 (Korea Bizwire) – Government officials have announced the adoption of a new electronic bond system. Using the new method, ownership can change hands without any the completion of any physical paperwork, as the securities are electronically registered. The Korea Securities Depository (KSD) announced that the bill regarding electronic registration of securities and bonds [...]
SEOUL, Oct. 27 (Korea Bizwire) — As many as 60 percent of publicly traded companies said in a survey that they would be under pressure to hold general shareholders meetings after the “shadow voting” scheme currently exercised by the Korea Securities Depository on behalf of shareholders not in attendance to meet the quorum. Shadow voting [...]
SEOUL, Oct. 2 (Korea Bizwire) – The Korea Securities Depository will initiate a campaign, jointly with KB Kookmin Bank and Hana Bank, to find the owners of stock investment accounts and return the remaining balance in the dormant accounts. A Korea Securities Depository official said on October 1, “The three financial institutions will offer the service in support [...]
SEOUL, Korea, Feb 21 (Korea Bizwire) – As the KOSPI is exhibiting high volatility this year to date, individual investors are leaving the market in droves. The deposit balance with securities firms by investors has fallen to the level of 13 trillion won, a three-year low, and is showing little signs of regaining. Investors [...]