South Korea's Supreme Court upheld HSBC Hong Kong's acquittal on 15.8 billion won of alleged naked short sales, the country's first such criminal case. Its holding that an unexecuted sell order is not the offence gives the next prosecution a stricter test to meet.
Perspective Coverage
3 publishers
- Builder
- Builder 5%
- Operator
- Operator 53%
- Investor
- Investor 42%
Reality
- Evidence72
- Adoption
- Not scored
- Hype gap+10
- Incentives30
- Confidence75
Korea's top court lets shareholders solicit one-meeting proxies without a 5% stake filing
South Korea's Supreme Court ruled that gathering proxies for one meeting does not make shareholders joint holders under the 5% disclosure rule. A group owning under 5% can collect revocable proxies and vote them without filing a stake report.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+5
- Incentives
- Not scored
- Confidence55
Korea's tender-offer bill would make a 30% control buyer bid for 20 more points
Korean lawmakers on a National Assembly committee backed a bill on Sept. 17 making any new 25% largest holder of a listed company bid for shares up to 50% plus one. In a 30% block sale that means buying about 20 more points, and the block's seller may end up paying for them.
Reality
- Evidence55
- Adoption20
- Hype gap0
- Incentives
- Not scored
- Confidence55
319 investors file a 32 billion won bond complaint with an office that shuts next month
South Korea's Prosecution Service is dissolved in under a month, and the agency taking over serious financial crime is at least three weeks from opening, so a complaint filed on the 8th has nobody able to trace accounts.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+12
- Incentives65
- Confidence50
Phase one is pegged to the day the amended securities law takes effect, stablecoin settlement sits in an undated third phase, and the entry price for a non-bank issuer is 4 billion won of equity plus dedicated staff.
Perspective Coverage
4 publishers
- Builder
- Builder 28%
- Operator
- Operator 35%
- Investor
- Investor 37%
Reality
- Evidence70
- Adoption22
- Hype gap+32
- Incentives62
- Confidence66
One Korean brokerage's platform launch added about $173mn to Avalanche's market cap
Hanwha's tokenized securities platform runs on Avalanche now, while the Korean law that makes ledger records a securities register starts on February 4, 2027, and starts with private placements rather than listed stock.
Reality
- Evidence38
- Adoption30
- Hype gap+42
- Incentives74
- Confidence44