◆Aju Economy Major News
▷The token securities (STO) era will begin in February 2027 in South Korea, marking the start of the fourth digital finance revolution. This development is expected to serve as a catalyst for advancements in internet finance, fintech, and AI-driven finance.
- Starting in February, amendments to the Electronic Securities Act and the Capital Markets Act will be implemented to formalize the STO framework.
- In the first phase, institutional investors will be able to trade private money market funds (MMFs), private bonds, trust beneficiary securities for unlisted stocks, and public fractional investment securities in STO format.
- The core of this initiative is the conversion of real-world assets or rights into blockchain-based tokens for issuance, trading, and settlement, known as on-chain real-world assets (RWA). This is expected to shorten settlement cycles, promote fractional investments, and simplify corporate fundraising.
- The global market capitalization of tokenized assets is projected to grow from $2.3 trillion next year to $14 trillion by 2030.
- Major financial firms such as KB Securities (Securitize, Canton), Mirae Asset Securities (Polygon), Meritz Securities (Ripple, Canton), and Hana Bank (Bitgo) are preparing to build the necessary infrastructure in collaboration with overseas tech companies.
◆Major Announcements After Market Close (October 30)
▷Hyosung TNC reported a third-quarter operating profit of 110.2 billion won, a 97% increase from the same period last year.
▷Kia participated in a capital increase for Fortytwo Dot, investing 190.1 billion won.
▷HS Hyosung Advanced Materials posted a third-quarter operating profit of 51.6 billion won, up 167% year-on-year.
▷Samsung Electronics acquired all shares of TCL CSOT held by Samsung Display.
▷Samsung C&T designated as a short-selling overheated stock (short-selling trading ban applied) (Samsung C&T Preferred B).
▷DaeSang Holdings' designation as a short-term overheated stock (price deviation rate, single-price trading for three trading days) has been extended (DaeSang Holdings Preferred).
◆Fund Trends (as of October 29, excluding ETFs)
▷Domestic equity funds: 1.9236 trillion won
▷Overseas equity funds: -10.3 billion won
◆Key Schedule for Today (November 2)
▷October S&P Global Manufacturing Purchasing Managers' Index (PMI)
▷October Institute for Supply Management (ISM) Manufacturing PMI
▷Chicago Federal Reserve President Austan Goolsbee's speech
▷Apple and Palantir earnings announcements
* This article has been translated by AI.
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