Korea

Regulators will apply the debt service ratio at the individual borrower level rather than at the financial institution level.

Crypto exchange V Global is alleged to have engaged in an illegal multi-level marketing scheme to lure investors.

The FSC found that 122 sales personnel paid premiums on behalf of clients with their own credit cards to earn rewards points offered by banks.

Ahead of the introduction of dual-class shares, KRX will provide guidelines to help founders secure management rights jointly with other large shareholders.

Korean regulators have been working to enhance protection measures for retail investors ahead of the partial resumption of short-selling on Monday.

Open banking is now being provided by all types of deposit-taking institutions in Korea. Credit card companies will start from end-May.

Banks will be advised to boost mid-range interest rate lending to borrowers with low to moderate credit scores, among other measures.

Shinhan Bank's CEO and Shinhan Financial Group's Chairman received lighter punishments than expected over the Lime mis-selling scandal.

The FSC will increase support and accessibility to free legal representation for debtors, as well as strengthen coordination with investigative authorities.

Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime's credit insured funds.