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Financial Services Commission Announces Plan to Pay Interest on IPO Subscription Deposits

2026-07-23 04:37:34

According to the Financial Services Commission, on July 15, the agency announced a plan to require securities firms to pay interest on IPO subscription deposits. The move addresses a long-standing investor complaint that deposits held for equity offerings, often worth tens of millions of Korean won, have historically earned no interest. The commission characterized the current practice as an 'unreasonable custom' that has gone unaddressed for over a decade.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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