,
, ‘Domestic securities firms in Korea that allow trading U.S. stocks during the daytime are temporarily suspending their day market (weekly trading) services.’,
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, ‘\nThe Korea Financial Investment Association announced that 19 domestic securities firms providing weekly trading services have decided to temporarily suspend their services starting from the 16th.’,
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, ‘\nInitially, Korean securities firms planned to resume normal services from the 16th in accordance with the agreement made with the U.S. aftermarket trading venue (ATS) Blue Ocean. However, it has been reported that additional investor protection measures are deemed necessary due to the possibility of further order suspensions.’,
, ‘\n’,
, ‘\nThe Korea Financial Investment Association stated, “We are in the process of implementing measures for investor protection and prevention of recurrence related to the Blue Ocean trading suspension,” and “On behalf of the securities firms, we sent a statement to Blue Ocean on the 14th, demanding a thorough investigation of the cause of the system failure and the establishment of measures to prevent recurrence.”‘,
, ‘\n’,
, ‘\nThey further emphasized, “After the system stability of Blue Ocean is sufficiently verified, we will decide whether to resume the service” and “We will make efforts to ensure the reliability of the trading systems to prevent similar issues from reoccurring and will continue to respond in conjunction with the financial investment industry to protect investors.”‘,
, ‘\n’,
, ‘\nOn the 5th, Blue Ocean unilaterally canceled all trades received after 2:45 PM Korean time due to the sharp volatility in global stock markets, resulting in the loss and profit from weekly trading stock transactions being voided.’,
, ‘\n’,
, ‘\nThe Financial Supervisory Service estimated that approximately 9,000 accounts with a total trading amount of 630 billion won were canceled due to disruptions in U.S. stock weekly trading services.\n’]