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South Korea’s stock market has been won by an investor frenzy in this month, which is more than the von-based digital money this month after the newly elected President Lee J-Mung pledge to allow the Crypto assets supported by the national currency.
Stock is included Bank of koreaDigital currency project including Kakao Pay and LG CNS has been on a wild ride. This month the payment of Kakao exceeded double and LG CNS increased by about 70 percent before crossing some benefits this week.
On the Kosdac Junior Market, the stock of Fintech Security Company Aton increased by 80 percent, while Me2on, a mobile game manufacturer, was three times, with a recent dollar-paved launched. Stabechoin For casino games.
The expectations of shareholder-friendly policies as well as a wave of retail enthusias New governmentThis year has helped to promote the benchmark Kospi Composite Index by about 30 percent this year. It has also made South Korea the best performing market in Asia in the first half of the year.
According to data from the Korea Financial Investment Association, the market rally has encouraged retail investors to take advantage of taking advantage of pursuing benefits, increasing the outstanding margin loan to 20.5TN ($ 15BN).
The popularity of shares being potentially benefited from von-based stabex comes despite the government announced the details of its cryptocurrency policies.
In order to promote the country’s digital asset industry, a long-time advocate of digital tokens, Kim Yong-Bame, was expected by a parliamentary bill proposed by the ruling party this month.
The bill will allow the winning companies winning at equity capital to release win-based stabechoin at equity capital-one move critic can be warned that they can reduce flood players and reduce players and cause systemic risks.
South Korea is one of the most vibrant crypto markets in the world, with the country’s population trade about fifth of digital assets. The US dollar-dollar-paved stabechoid trading won in the first three months of this year, pressurizing the bank of Korea to expedite the preparations to release its digital currencies to put pressure on the Bank of Korea.
Banks, brokerage and fintech companies are showing strong interest in entering business, although the government remains to take decisions and timely decisions.
An executive officer of the Finntech industry said, “We are willing to do business, but we are seeing where the government pulls the line in terms of regulation.”
Bank of Korea Governor Rai Chang-Jong has expressed concern about any issuance of stabecoin won by non-bank institutions, which cited Their influence On capital flow and effectiveness of monetary policy. The central bank has said that it will consult major commercial banks to prepare a second pilot test of its digital currency.
However, experts have warned that some shares can be overwellized based on their basic principles by increasing interest in digital tokens. He has urged investors to take precautions due to the volatility of the shares.
“Won-Paiged Stabecrims are likely to be introduced,” said Senior Research Fellow Hwang Sei-Woon at the Korea Capital Market Institute, but how much will it help to increase corporate income. ”
He said, “The investor’s expectations are very high in view of the more regulatory uncertainties.
