All posts tagged "FSS"
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187Fintech / RegtechS. Korea to Tighten Rules for Bigtechs in Financial Services
FSS governor Jeong Eun-bo said regulators will seek to enable fair competition between digital platform providers and financial companies.
October 11, 2021 -
224EnforcementFSS Korea to Appeal Ruling in Favour of Woori Chairman
The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.
September 21, 2021 -
213EnforcementS. Korean Financial Firms Push Back Against Executive Accountability
Six industry bodies have filed a joint request asking regulators to grant their boards more autonomy over their internal affairs rather than punishing their executives.
September 16, 2021 -
274Enforcement
Korean Tech Giants Told to Comply with Consumer Protection Law
The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.
September 15, 2021 -
227EnforcementKRX to Temporarily Exempt Market Makers from Obligations
KRX says the FSS warning of fines against nine market makers will hamper the functioning of the market making system for a while.
September 13, 2021 -
267Enforcement
Korea FSS to Impose Penalties on 9 Market Makers
Three foreign firms and six local firms are accused of disturbing market order through their negative influence on stock prices.
September 9, 2021 -
141EnforcementFSS Korea Warns KB Savings Bank Over Lax Lending Controls
KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.
September 9, 2021 -
176KoreaS. Korea: New FSC, FSS Chiefs to Rebuild Cooperative Relations
The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.
September 7, 2021 -
234Feature
Korea FSS Outlines Key Risks of Investment in SPACs
13 SPAC IPOs in Korea this year were oversubscribed 169.4 to 1. Historically, 85 of 133 SPACs completed mergers, a success rate of 63.9%.
September 1, 2021 -
154Enforcement
Seoul Court Rules Against FSS in DLF Mis-selling Case
An FSS decision to ban Woori Financial Group Chairman Son Tae-seung from the financial industry for three years is effectively nullified.
August 31, 2021
