Korea
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30Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report
Garima Chitkara, Regulation Asia April 26, 2018Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX...
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43Self-Regulatory Framework Proposed for Korea’s Crypto Exchanges
JP Reimann, Regulation Asia April 19, 2018Framework proposed by Korean Blockchain Association proposes includes $1.8mn minimum equity capital, five year storage of transaction records , ethical charter to...
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30S.Korea FSS Chief Resigns Just Weeks into The Job
Editors, Regulation Asia April 19, 2018Election watchdog finds governor Kim Ki-sik in violation of laws for overseas trips sponsored by financial institutions and political donations.
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34
S.Korea Launches Bribery Probe into New FSS Chief
Manesh Samtani, Regulation Asia April 16, 2018Prosecutors on Friday raided KRX and Woori Bank, two of the institutions that allegedly paid for Kim Ki-sik’s 2014 an 2015 overseas...
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36S.Korea Probes Banks’ Cryptocurrency AML Polices
Editors, Regulation Asia April 12, 2018Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.
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66Samsung Securities Dividend Error Prompts Industry Wide Probe
Manesh Samtani, Regulation Asia April 12, 2018The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by...
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44
FSS Confirms Former Chief’s Role in Hana Bank Hiring Scandal
Editors, Regulation Asia April 6, 2018Hana Financial Group chairman and KEB Hana Bank president also tied to illegal hiring of 32 employees in 2013.
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41New Chief of S.Korea’s FSS Targets Bank Profiteering from Predatory Lending
Manesh Samtani, Regulation Asia April 5, 2018New FSS chief to protect investors and root out irregularities by targeting predatory lending, bank profit structures, family-run conglomerates.
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132
S.Korea to Introduce Mandatory Governance Disclosures
Garima Chitkara, Regulation Asia March 26, 2018Large listed banks will be required to disclose corporate governance and internal controls starting 2019 based on norms to be released by...
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120
S.Korea to Inspect Banks’ Crypto Dealings for AML Compliance
Manesh Samtani, Regulation Asia March 26, 2018FSS and KoFIU will check on implementation progress of AML guidelines; examine corporate accounts belonging to crypto exchanges.
