Emergency High Exchange Rate Measure... Bank of Korea to Pay Interest on Excess Foreign Currency Deposits [3-Minute Brief]

[At a Glance]
① Interest paid on foreign currency reserves at financial institutions; prudential surcharge waived for six months
② Financial Supervisory Service establishes Consumer Protection Division under direct control of the Governor... Launches special task force for livelihood-related financial crimes
③ Breaking the Korea Securities Depository monopoly... Financial authorities to allow specialized electronic registration institutions for unlisted stocks

MARKET INDEX

Emergency High Exchange Rate Measure... Bank of Korea to Pay Interest on Excess Foreign Currency Deposits [3-Minute Brief]

○ All three major U.S. stock indices rose simultaneously

○ Big tech stocks such as Tesla and Nvidia led the gains

○ Tesla hit a record high after Elon Musk's compensation package was approved

TOP 3 NEWS

■ What is the significance of the Bank of Korea's first-ever 'foreign currency reserve interest payment'?..."Preparing for large-scale foreign exchange hedging by the National Pension Service"

○ The interest paid is based on the U.S. policy rate target range, currently 3.5~3.75%

○ Banks gain a profitability advantage when managing foreign currency funds overseas

○ Banks can attract more foreign currency deposits under better conditions, increasing incentives for companies and individuals to park funds domestically

■ Financial Supervisory Service significantly strengthens consumer protection...Establishes 'Consumer Protection Division' under direct control of the Governor

○ Established a 'Consumer Protection Division' directly under the Governor

○ Shifted the focus of consumer protection from post-relief to prevention

○ Plans to introduce special judicial police to eradicate financial crimes affecting people's livelihoods

■ 'Unlisted Electronic Registration Institution' licensing system reformed...Expected to boost venture investment and enhance transparency

○ Single institution system by the Korea Securities Depository for over 50 years

○ "Need for the evolution of unlisted stock trading infrastructure"

○ Licensing review and granting of licenses to encourage service competition

Graphic News: "We won't charge fees"...Asset management firms lined up for KIC's first domestic investment

○ Asset management firms engaged in fierce competition for KIC's first domestic PEF investment

○ IMM and Dominus selected, marking a highly symbolic track record

○ Securing a KIC track record is crucial for impressing overseas limited partners

Money-Making Law

■ Is Coupang's U.S. headquarters really empty?

○ Delaware is the place of incorporation, but the headquarters is in Seattle

○ It is common practice to only list the registered agent's address

○ The 'vacancy controversy' stems from a misunderstanding of the structure of U.S. corporate law

☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025122215225127655

■ Maritime transport regulations do not apply to land accidents

○ Accident occurred during land transport due to incorrect container temperature settings

○ Shipping company argued for application of maritime transport liability limitation regulations

○ Supreme Court ruled, "Not a maritime risk," so limitation of liability does not apply

☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025122215283324215

■ CJ faces mounting burden from simultaneous lawsuits involving affiliates

○ Administrative lawsuit underway regarding Fair Trade Commission sanctions

○ CJ CheilJedang faces criminal trial for sugar price-fixing

○ Large-scale civil lawsuits, such as the K-Culture Valley case, add further burden

☞Read the article: https://www.asiae.co.kr/article/lawtimes/2025122215344164097

※ 'Money-Making Law,' a content partnership section between The Asia Business Daily and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○ Domestic

Mirae Asset Vision SPAC No.10 to be listed on KOSDAQ, final public offering price set at 2,000 won

○ Overseas

00:00 U.S. Core Personal Consumption Expenditures (PCE) Price Index (YoY) (October)

17:00 Spain GDP (QoQ) (Q3)

22:30 U.S. GDP (QoQ) (Q3)

22:30 U.S. Housing Starts

◇Lunch & Evening Commute Weather

○Lowest temperature: -1°C (▼4°C) ｜Highest temperature: 6°C (▲2°C)

○Chance of precipitation: 20% in the morning｜60% in the afternoon

○Fine dust: Good in the morning｜Good in the afternoon