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, 2021An FSS decision to ban Woori Financial Group Chairman Son Tae-seung from the financial industry for three years is effectively nullified.
August 31, 2021The 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, 202124 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, 2021Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.
August 26, 2021The 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, 2021BOK 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, 2021Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021Listing applicants in Korea have recently had to lower their IPO pricing to address FSS concerns over high valuations.
July 18, 2021A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021