Korea

Investors are expected to be able to trade security tokens in 2024 through the digital platforms of major securities firms. General investors will be subject to investment limits.

The strategies include allowing night-time derivatives trading, a change to the dividend system, new derivatives product launches, and a new market for digital securities.

MyData, Korea’s version of open banking, will be extended to small businesses, allowing credit providers to access to more data to make lending decisions.

The shipping agent was detained on charges relating to illegal shipments of diesel to North Korea conducted between October 2021 and January 2022.

The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.

The "Virtual Currency Tracking System" will be launched as part of a new cloud system that will allow other agencies to leverage prosecutors' investigative and forensics expertise.

Bithumb offices were raided last week. The crypto exchange is not accused of misconduct, though it is under a separate probe for possible tax evasion.

The case was the first in which the FSC imposed a penalty for market order disruptions as a result of high-frequency algorithmic trading.

Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.

Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using "borrowed" accounts for personal trading.