Korea Investment & Securities, Coinone stake 20% investment agreement signed
Korea Investment & Securities 5 month 29 announced that it had signed a strategic equity investment agreement with cryptocurrency exchange Coinone, securing a 20% stake and becoming a major shareholder. During the same period, financial institutions announced a series of agreements on inclusive finance and support for small businesses.3 major shareholder. During the same period, financial institutions announced a series of agreements on inclusive finance and support for small businesses.
As financial regulators move toward easing regulations, securities firms are reviewing and negotiating investments in cryptocurrency exchanges. Some securities firms are reportedly in talks or pursuing agreements to acquire stakes in exchanges and form partnerships. The discussions involve both expanding exchange businesses and broadening the business areas of financial companies.
Korea Investment & Securities 5 month 29 said it had signed a strategic equity investment agreement with cryptocurrency exchange Coinone. Under the agreement, Korea Investment & Securities will invest for a 20% stake, becoming a 3 major shareholder. The company described the purpose of the investment as strategic cooperation.
Reports said that several securities firms are considering entering the cryptocurrency business. They are considering various forms of partnership, including equity investments in exchanges, technology cooperation, and payment links. Specific contract terms and timing vary by company.
KB Kookmin Bank 5month 29day, announced that it had introduced an electronic Braille service in key menus of its personal internet banking service. The bank said the service would improve internet banking accessibility for people with visual impairments. The service is available through key internet banking functions.
The Federation of Micro Enterprise and the Korean Certified Labor Attorneys Association 5month 29day, signed a memorandum of understanding to establish a business safety net for small businesses and improve their working environments. The two organizations said they would develop support programs for small businesses and practical ways to collaborate. The agreement includes education, consultations, and discussions on improving systems.
Shinhan Bank announced that it had signed an agreement with Seobuk and Shinhan Card to support card payments for suppliers’ invoices to affiliated merchants. The agreement includes the introduction of a card payment system for suppliers’ invoices at affiliated merchants and related financial support. The bank and card company said they would work together on ways to help improve merchants’ cash flows.