A survey by the Korea Federation of SMEs found the support measures have helped about 80 percent of SMEs to sustain their business activities.
FSS governor Jeong Eun-bo has warned insurers of a possible "perfect storm" building for the industry, citing rising interest rates and the war in Ukraine.
Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.
International investors will be able to trade KOSPI 200 options with weekly expiries outside Korean trading hours via Eurex from 28 March.
New policy paper calls for the implementation of a "risk-sensitive" digital asset regulatory framework to provide certainty and encourage innovation in the sector.
The court ruled that Hana Financial Group vice chairman Ham Young-joo was responsible for failing to protect retail investors from high risk financial products.
President-elect Yoon Suk-yeol has promised to overhaul Korea's regulatory framework for cryptocurrency, and to relax crypto taxation policies.
The FSS said economic uncertainties both domestic and abroad have increased, making it unclear whether banks have sufficient loss absorbing capacity.
The revisions will require companies to provide additional disclosures in relation to business split-offs and internal transactions with affiliated firms.
The government is also making available KRW 2 trillion in emergency lending support to Korean businesses impacted by the ongoing crisis in Ukraine.
Loading more posts...
Sorry, no more posts
No more pages to load