Korea
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S. Korea Eyes Launch of Electronic Securities System by 2019
Editors, Regulation Asia May 21, 2015S. Korea plans to launch an electronic securities system by 2019 to cut costs and enhance transparency in transacting securities, the Financial Services Commission (FSC) said.
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S. Korea FSC Eases Bank Account Opening Process
Editors, Regulation Asia May 19, 2015Customers opening new bank accounts will no longer be required to visit bank offices in person
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S Korea’s FSC Aims to Get More Banks to Fund Fintech Firms
Editors, Regulation Asia May 7, 2015South Korea's Financial Services Commission (FSC) said the state-run policy lenders Korea Development Bank and the Industrial Bank of Korea will allocate 200 billion won ($184.9 million) in funds this year to support financial technology companies or fintech.
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Indonesia Signs Cooperation Pact with S. Korea on Monetary Supervision
Editors, Regulation Asia April 17, 2015Indonesia’s Financial Services Authority (OJK) has signed an agreement boosting cooperation with South Korea’s Financial Supervisory Service (FSS) in overseeing the financial industry.
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S. Korea’s Internet-Only Banks to Launch This Year
Editors, Regulation Asia April 9, 2015South Korea's financial regulator believes the country will see the launch of its first Internet-only bank this year, as measures are being hammered out with major IT firms like Naver Corp. and Daum Kakao Corp. to encourage them to invest...
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S. Korea FSC Chief to Keep Bank Ownership Rule
Editors, Regulation Asia March 5, 2015Financial Services Commission chairman-nominee Yim Jong-yong is against relaxing rules that ban conglomerates from holding a major stake in South Korean banks.
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S. Korea’s New FSC Chief Seen Pushing for Deregulation
Editors, Regulation Asia February 25, 2015Financial Services Commission chairman designate Yim Jong-yong is expected to relax regulations governing asset and capital at financial firms, say officials and analysts.
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Bank Loans to S. Korean Startups Surge Amid Govt Push
Editors, Regulation Asia February 23, 2015Bank loans to small companies in South Korea increased at the fastest pace in six years in 2014, amid pressure from the government to support startups and firms with high-level technologies.
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S. Korea Plans to Allow Investment in Internet-only Banks
Editors, Regulation Asia January 29, 2015South Korea plans to revise local banking laws that will allow Internet-only banks to operate in the country.
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S. Korea’s Financial Chief to Bolster Financial Technology
Editors, Regulation Asia December 30, 2014Financial Services Commission chairman Shin Je-yoon said he will remove hurdles to the fast-growing financial technology in a bid to boost South Korea's long-sluggish financial industry.
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