Korea

The extension takes effect from 4 October, the same day applications for the New Start Fund open for small merchants and the self-employed.

TerraForm Labs accuses Korean prosecutors of overreach. Luna Foundation Guard money allegedly transferred overseas.

Violators could be banned from trading, account opening, and serving as listed company directors for up to 10 years.

MOEF and BOK are buying government bonds to lower yields, and the FSC is preparing to reactivate a stock market stabilisation fund created during the Covid-19 pandemic.

FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.

The largest seizure from a single delinquent taxpayer was worth around KRW 12.5 billion, or about USD 8.8 million.

An FSC official said new legislation for the crypto sector will only be effective if there is international consistency.

The red notice for Do Kwon was issued at the request of Korean prosecutors, who say he is wanted for alleged capital market violations.

Foreign investors have complained about the current dividend policy, registration requirements, and a lack of corporate filings in English.

KB Kookmin, Shinhan, Hana and Woori, along with six insurers, participated in the first meeting of a new working group set up to prepare for the stress tests.