The draft law will define "high-risk AI", business operator responsibilities, the composition of AI committees, and ethical principles.
The supervision work plan includes measures to support regulatory compliance by VASPs ahead of the Virtual Asset Users Protection Act coming into force on 19 July 2024.
The FSC has decided to appeal a High Court ruling that nullified a reprimand warning imposed on Hana Financial Group CEO Ham Young-joo in 2020.
Woori Financial Group, born through a merger of banks in the aftermath of the Asian financial crisis in 2018, is now fully privatised.
The updated stewardship code calls on institutional investors to monitor investee companies and encourage them to participate in the "Corporate Value-up Programme".
The changes are required to ensure any issues encountered in the issuance process are fully resolved before listing on the market.
Small merchants who borrowed from nonbank financial institutions with interest rates ranging from 5 to 7 percent can apply for partial refunds.
KRX will list additional stock futures and options, improve disclosure of market information, and expand futures spread trading hours.
Investors have lost almost $1bn, with another $3.5bn expected. The FSS issued a compensation guideline for financial firms that mis-sold the risky ELS products.
Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.
Loading more posts...
Sorry, no more posts
No more pages to load