Holders of the new account will be able to give banks, brokers permission to make investment decisions.
FSC aims to make foreign investment in local stocks easier, regain MSCI developed market status.
System designed to help customers identify dormant accounts shows snapshot of balances across 16 lenders.
New category of private funds for professional investors to be allowed to invest in any asset type.
S. Korea Financial Services Commission convenes emergency meeting after North Korea tests hydrogen bomb.
India’s push for financial inclusion could threaten the profitability of public sector banks, report says.
Screening to include greater scrutiny of households’ ability to pay in full, assume higher rates.
FSC and FSS discuss pre-emptive action to fend of impact of long-mooted US interest rate hikes.
Financial Services Commission says it will introduce tighter mortgage screening at the end of December.
Alibaba- and Kakao-backed groups get preliminary approval to establish online lenders.
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