Securities firms that conduct CFD trading and brokerage business must submit investor balances to KOFIA on a daily basis.
July 20, 2023The guidelines will cover CEO appointments, management succession procedures, and evaluation and supporting systems for independent directors.
July 20, 2023The new "S.T.A.R.T" platform allows applicants to submit licensing, registration and accreditation applications digitally.
July 18, 2023The guidelines require external auditors to notify companies of any accounting fraud worth more than KRW 5 billion.
July 18, 2023The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.
July 13, 2023On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.
July 13, 2023The FSC established a crisis response team late last week in response to a bank run at a major credit cooperative.
July 10, 2023Kakao Pay is alleged to have received illegal subsidies from NICE Information & Telecommunication, a leading value-added network operator.
July 5, 2023The guidance is intended to support the growth of the institutional private equity funds, following rule changes that were introduced in October 2021.
July 5, 2023CEOs will have to establish "responsibilities maps" showing how internal control responsibilities are shared and divided among executive officers.
June 25, 2023