Relaxation of foreign investor omnibus account rules, Mirae Asset completes acquisition of Korbit
South Korea has eased regulations on foreign investor omnibus accounts, allowing overseas investors to consolidate their accounts using a single won-denominated account. Mirae Asset has completed its acquisition of Korbit, and the IMF raised South Korea’s growth rate forecast to 2.6%. Geely stood out among sales of 142ten thousand vehicles in the first half.
South Korea has lowered the barrier to foreign investor omnibus accounts. The measure allows foreign investors to consolidate domestic stock trading and settlement through a single won-denominated account.
The Institute for Social Value Research said it would work with SK Telecom and SoftBank to establish a global standard for measuring social value. The two companies said they had begun joint work to develop the standard.
The International Monetary Fund (IMF) presented its forecast for South Korea’s growth rate in 2026 at 2.6%. Although its global growth outlook was lowered, its forecast for South Korea was revised upward.
Geely announced strong performance in first-half global sales among the ten-thousand-unit total, 142according to reports. Geely's strong sales reportedly contributed to the company setting a new global sales record.
Mirae Asset 7month 9day completed its acquisition of Korbit. Mirae Asset said the acquisition would expand its business areas related to digital assets and global asset markets.
The Bank of Korea announced that it detected 41counterfeit banknotes in the first half. It disclosed that the number detected 21bills fewer than in the same period of the previous year.
The articles above were 7month 8day to 9day. Each announcement was compiled based on company disclosures and institutional announcements.