All posts tagged "FSS"
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247KoreaS. Korea to Relax Reporting Rules for FIs Investing Overseas
The proposed rule changes seek to ease the reporting burden faced by financial firms with business operations and investments in overseas markets.
November 5, 2021 -
206Korea
Korea Creates Taskforce to Oversee Household Debt Management
The taskforce will explore additional measures to manage household debt-related risks and promote more responsible lending practices.
November 2, 2021 -
307KoreaFSC Korea Orders Citi to Submit Detailed Plans on Market Exit
Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
November 1, 2021 -
190KoreaFSS Korea to Probe 58 Companies Over Digital Cash Issuance
Among the companies subject to the probe is Starbucks, which holds customer funds in excess of 180bn won, more than Naver Pay and Toss.
October 30, 2021 -
312Korea
New Rules for PE Funds Take Effect in South Korea
The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.
October 23, 2021 -
352Fintech / 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 -
335EnforcementFSS Korea to Appeal Ruling Nullifying Woori Chairman Ban
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 -
275EnforcementS. 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 -
375Enforcement
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 -
375EnforcementKRX 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
