Scope and schedule of ‘proof of concept’ project yet to be confirmed.
Opposition party proposes to remove FSC’s policymaking authority.
Investigation likely to cover owners of conglomerates including Samsung and Hyndai.
FSC chairman says financial institutions following the Code will be prioritised in state lender allocations.
Former FSC vice-chairman Jeong Chan-woo accused of meddling with private financial institutions’ affairs.
New rules aim to prevent information imbalance, enhance market transparency and effectiveness of penalties.
Investigators seek personal data and transaction records related to corruption claims.
Move aims to curb illegally obtained audit info during accounting and settlement period.
Move would allow conglomerates running online-only lenders to inject more capital.
Revisions aim to expand opportunities for local and foreign asset managers.
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