South Korean financial majors want to create virtual assets exchange in 2023: Report
2022.08.23 11:10
South Korean financial majors want to create virtual assets exchange in 2023: Report
Samsung (KS:005930) Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publication Newspim. The companies aim to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the project are now being finalized.
According to the local coverage, Samsung Securities had been studying ways to develop and operate a securities token trading platform but was unable to recruit the necessary personnel to proceed last year. Mirae Asset Consulting, an affiliate of Mirae Asset Securities, South Korea’s largest investment banking and stock brokerage by market cap, is hiring personnel for cryptocurrency and nonfungible token (NFT) research and development as well.
