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News
National Pension Service Names Lee Kyu-hong as CIO, Testing Asset Allocation of $1.35 Trillion Fund
13+ hour, 21+ 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…...
UK FCA Weighs Exempting Tokenized Gold From Fund Rules
11+ hour, 41+ min ago (145+ words) The U.K.'s Financial Conduct Authority is considering removing tokenized gold from existing fund regulations. If it is excluded, tokenized gold could instead be placed under a separate regulatory framework. The Financial Times reported on September 14 that the FCA plans to…...
Hana Securities Signs MOU With Upbit Global on Digital-Asset, Finance Businesses
15+ hour, 20+ 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…...
KB Financial Chairman Nominee Lee Jae-geun Says He Won’t Settle for No. 1, Vows Stronger Capital-Markets Edge
16+ hour, 16+ 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…...
Fears Grow Over $209 Billion Korea Bond Deluge as Samsung, SK Hynix Emerge as Potential Buyers
17+ hour, 18+ 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)…...
Why the US Treasury Isn’t Buying Bonds Blindly: The Real Purpose of Buybacks
17+ hour, 46+ min ago (1034+ words) The US Treasury recently received offers to sell back $10.489 billion of Treasuries, but purchased only $5.187 billion. It could have bought as much as $6 billion, but did not use the full limit. The amount offered for sale was nearly double the…...
Samsung Securities Expands Digital Asset, AI Cooperation With BNY
1+ day, 2+ hour ago (156+ words) Samsung Securities is expanding cooperation with U.S. financial group BNY in new business areas including digital assets and artificial intelligence. Samsung Securities signed a memorandum of understanding with BNY at the company's New York headquarters on September 10 to cooperate on global…...
IBK Says Middle East Price Pressures Are Building, Raising Odds of September Fed Hike
3+ day, 17+ hour ago (232+ words) Geopolitical instability in the Middle East is pushing up global oil and commodity prices, bringing the possibility of another Federal Reserve rate increase back into focus, according to a report from IBK Investment & Securities. In a Sept. 11 report, IBK Investment…...
MoneyGram Launches Stellar-Based Stablecoin Visa Card, Debuts in Colombia
4+ day, 56+ min ago (160+ words) Global remittance company **MoneyGram** has launched a **stablecoin-based Visa card** built on the **Stellar network**. The card supports payments using **stablecoins** and operates on the **Stellar network**. The service will be introduced first in **Colombia**, as MoneyGram expands services connecting…...
Polymarket Names First CFO in Push to Catch Kalshi, Accelerate Fundraising
4+ day, 4+ hour ago (171+ words) Polymarket, the global prediction-market platform, has appointed its first chief financial officer to oversee the company’s finances. Bloomberg reported on September 10 that Polymarket had hired Warren Jenson as its new CFO. He began the role this week. Jenson previously held…...