Open banking services will be extended to business accounts and provided through offline channels.
The government pledged to strengthen its monitoring of online advertisements and to pursue stronger penalties for offenders.
The updated regulations will enable foreign investors easier access to local currency and simplify complex procedures.
A higher loan loss provisioning ratio will apply to exposures to the construction and real estate industries.
FSS responds to calls for a court, rather than the regulator, should prepare compensation plans for investors in loss-making ELS products.
FSS says the enhanced English electronic disclosure system will help to resolve the Korea discount and better serve foreign investors.
Lotte Insurance is asked to prepare a comprehensive liquidity management plan and strengthen its stress tests for alternative investments.
South Korea announced measures to provide tailored funding support for high-tech, middle market and distressed enterprises.
Governor Rhee Chang-yong said the Bank of Korea is considering allowing NBFIs to use its lending facility.
Jeong Eun-bo said that KRX will ensure fair and transparent trading practices and make a level playing field for every investor.
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