South Korea's financial regulator said it plans to ease capital requirements on asset managers starting next year, in a broader deregulation push for the financial sector.
South Korea's Fair Trade Commission has launched a probe into four major commercial banks on allegations that the lenders colluded on setting deposit and lending rates after the central bank's policy rate cut.
Taiwan will study the possibility of launching a cross-border stock trading scheme with Japan in a bid to boost internationalization of the local bourse, said the country's top financial regulator.
South Korea is planning to participate in a multilateral consultation with China to discuss conditions for Beijing's push to set up a new regional bank to fund infrastructure projects in Asia, a diplomatic source with knowledge of the matter said.
South Korea's chief financial regulator said he will consider punishing financial companies for making illegal loans and leave the punishment of employees up to the companies, in view of disciplinary action being mulled by authorities on hundreds of senior bank...
The South Korean top financial regulator said it will remove regulatory hurdles and outdated practices in the financial sector this year as part of efforts to boost Asia's fourth-largest economy.
South Korea plans to issue state bonds worth about 7.3 trillion won (US$7.18 billion) in July, the finance ministry said.
The South Korean financial regulator said it plans to launch night trading of US dollar futures, and list more futures products based on securities in a bid to promote the country's high-risk, high-return financial sector.
South Korea's foreign exchange policy will remain unchanged under the new economic team to be led by the finance minister nominee, according to a senior government official.
The South Korean financial watchdog said the chiefs of the country's biggest banking group KB Financial Group and its flagship Kookmin Bank were both accountable for the gross negligence in handling what has turned into a scandalous computation system change.
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