All posts tagged "FSS"
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416FeatureKorea 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 -
324EnforcementSeoul 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 -
268Crypto / Digital AssetsKorea: 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 -
446AML / 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 -
318KoreaKorean 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 -
176EnforcementFSS 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 -
259FeatureKorean 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 -
354EnforcementKorea: Daishin Securities Ordered to Compensate Lime Investors
Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021 -
261Korea
Korean Regulators Ramp Up Scrutiny of IPO Valuations
Listing applicants in Korea have recently had to lower their IPO pricing to address FSS concerns over high valuations.
July 18, 2021 -
271EnforcementKorea FSC Extends Optimus Suspension for Six More Months
A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021
