Korea

The FSS is reviewing a decision to penalise nine market-makers, taking into account "self-correcting measures" by individual firms.

Those who obtain unfair profits from crypto trading would face at least one year in prison and at least three times the amount gained in fines.

The FSC has also fined Optimus and ordered board member removals, over "numerous counts of violations and inappropriate fund management activities".

State-operated KDIC will no longer be the largest shareholder of Woori Financial Group, 23 years after the group was created in a government bailout.

The newly added data types include information about stocks, bonds, funds, insurance products and microloan products.

Banks are also asked to allow borrowers to demand rate adjustments when their wealth increases or credit ratings improve.

The FSS said KakaoBank's weak monitoring has resulted in the lender's failure to flag suspicious overseas money transfers on several instances.

The Korea Customs Service will establish mechanisms targeting the sources of funds used by foreign residents for domestic real estate purchases.

Investors will gain the ability to trade KOSPI 200 options with weekly expiries outside Korean trading hours, providing greater flexibility and risk management precision.

20 securities firms will be able to launch fractional stock trading services using the KSD system as early as this year, depending on their readiness.