Recently, strengthening capital market–based financing for innovative SMEs has become an important policy issue in Korea. Despite the development of the domestic securities industry around capital-based investment banking, its role in SME finan...

Open-end funds provide investors with a high level of liquidity. However, their structure, which guarantees redemptions regardless of the actual liquidity of the underlying assets, creates fairness issues among investors. Specifically, transaction co...

Benchmark rates are used as reference rates to determine the payoff of various financial transactions, including interest rate derivatives, floating rate loans and floating rate notes (FRNs), and have a significant impact on the operation of financia...

The structure of the housing finance, which is shaped by institutional characteristics, the degree of financial market development, and housing finance policies of each country, holds significant implications from a macroeconomic perspective. In Kore...