All posts tagged "FSS"
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516EnforcementKorea 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 -
232EnforcementFSS 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 -
353KoreaS. 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 -
382Feature
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 -
281EnforcementSeoul 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 -
245EnforcementKorea: Ex-Presidential Aide Sentenced to Jail for Crypto Fraud
The former presidential aide claimed a scam token had been certified by the BOK, FSS and KFTC, and that investors could multiply their investment by 100 times.
August 31, 2021 -
424AML / KYCFSC Korea Confirms Plans for Dedicated Crypto Bureau at KoFIU
24 of the 63 crypto exchanges operating in Korea have not yet applied for ISMS certification, a KoFIU registration requirement that takes months to obtain.
August 27, 2021 -
268KoreaKorean FIs Suspend Loans to Curb Rising Household Debt
Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.
August 26, 2021 -
160EnforcementFSS Korea Launches Probe into Electronic Payment Providers
The probe is a response to a growing scandal involving a local gift card provider, which offered users of its app large discounts and then changed its terms.
August 20, 2021 -
236FeatureKorean President Nominates New Chiefs for FSC, FSS
BOK board member Koh Seung-beom will lead the FSC, subject to a confirmation hearing. Former financial regulator Jeong Eun-bo will lead the FSS.
August 9, 2021
