FINANCIAL SERVICES COMMISSION

S. Korea’s Financial Chief to Bolster Financial Technology

By Editors | 30/12/2014

Financial 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.

S. Korea Plans to Launch Consumer Financial Protection Agency

By Editors | 08/12/2014

The Financial Services Commission (FSC) said it will establish an independent state-run agency responsible for consumer protection in the financial sector next year.

S. Korean Regulator to Support Crowdfunding

By Editors | 02/12/2014

Financial Services Commission chairman Shin Je-yoon said raising funds via social network services or crowdfunding can turn venture ideas to actual businesses and is a necessary new source of funding.

S. Korea Relaxes Stock Exchange Rules to Boost Local Bourse

By Editors | 26/11/2014

South Korea said it will increase the stock investment ceiling for the country’s postal services and allow local banks to invest more of their capital in the stock market in a bid to boost the local bourse.

S. Korea Gets Tough on Fake Identities in Asset Deals

By Editors | 26/11/2014

South Korea has plugged loopholes in regulations on an illegal practice of engaging in monetary transactions under a false identity.

S. Korea Appoints New Financial Watchdog Head

By Editors | 18/11/2014

South Korea’s top financial regulatory body has named Zhin Woong-seop, president of the Korea Finance Corp, as head of the Financial Supervisory Service (FSS).

S. Korean Financial Regulator to Relax E-Commerce Rules

By Editors | 07/10/2014

South Korean regulators plan to give financial companies more autonomy in their choice of security programs for online payment systems to boost trade over the Internet.

S. Korean Banks to Get Quota to Invest in Chinese Securities

By Editors | 28/09/2014

Chinese financial regulators are expected to allow South Korean banks and other financial institutions to invest in Chinese bonds, lowering the bar that was only opened to asset managers.

S. Korean Regulator to Ease Requirements on Asset Managers

By Editors | 24/09/2014

South Korea’s financial regulator said it plans to ease capital requirements on asset managers starting next year, in a broader deregulation push for the financial sector.