Rakuten in the company in August 2007 and, in 2010, it announced a joint venture with Baidu in China (Lekutian). In June 2011, Rakuten acquired Brazilian e-commerce firm Ikeda — since renamed Rakuten Brazil. In July, it bought German e-commerce start-up Tradoria and rebranded it Rakuten Deutschland, and in September UK online retailer and e-commerce marketplace Play.com for £25 million (almost $41 million), which was converted into the points-based loyalty program Rakuten.co.uk. In September 2011, Rakuten took a minority equity stake in Russian online retailer Ozon.ru, dubbed "Russia's Amazon", which had reported 2010 sales worth US$137 million. A four-company-strong consortium, led
Korea Securities Depository called for an efficient facility for the custody and settlement of securities. The 5th amendment the Securities and Exchange Act (SEA) on February 6, 1973 provided the legal grounds to implement a CSD system, and on December 6, 1974, the Korea Securities Settlement Corporation (KSSC) was established. On April 25, 1994, KSSC was re-incorporated as Korea Securities Depository (KSD), a special public corporation pursuant to the 11th amendment to the SEA (December 17, 1993). The amendment also provided a legal basis for KSD to act as the sole CSD of Korea. Korea Securities Depository Korea Securities Depository is the central