Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.
January 30, 2023The guidelines reflect IOSCO's recommendations and will be implemented as KOFIA best practice from 1 February 2023.
January 16, 2023Effective from 1 January 2023, the guidelines are part of the response by the FSS and KOFIA to boost market confidence after a series of hedge fund scandals in Korea.
December 28, 2022Foreign investors will no longer need to register their identities prior to investing in Korean stocks. The dividend-payment process is also being revised.
November 30, 2022The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.
October 19, 2022The FSS is reviewing a decision to penalise nine market-makers, taking into account "self-correcting measures" by individual firms.
November 26, 2021Six 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, 2021Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.
August 26, 2021The FSS has decided to order the suspension of the former CEOs of Shinhan Investment, Daishin Securities and KB Securities over the mis-selling of Lime Asset Management funds.
November 13, 2020Investigators from Seoul’s prosecution office raided the headquarters of Shinhan Investment Corp, Korea Investment & Securities, and KB Securities last week.
November 3, 2020