All posts tagged "Korea"
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955Fintech / RegtechSouth Korea to Formally Launch Open Banking System This Month
October’s 10-bank pilot attracted over 5.5 million bank accounts with the open banking service now expanded to include eight additional banks and fintech firms.
December 2, 2019 -
447Capital RegulationKorea to Ban Foreigners from Cryptocurrency Trading Accounts
Government has made abrupt about turn to legitimize cryptocurrencies by bringing them under greater regulatory purview.
December 18, 2017 -
Capital Regulation
South Korea to Write off $5.7bn in Personal Debt
People’s Happiness Fund will purchase more than half the debt, remainder will be written off using private sector funds.
November 30, 2017 -
Korea
Korea to Launch New OTC Market for Professional Investors
Existing OTC platform has not been successful due to institutional investors’ concerns about having to give details of their trading strategies.
November 20, 2017 -
AML / KYC
Korean Firms Launch ‘World 1st’ Blockchain-based Authentication
Financial Investment Association says Chain ID is a world first, authentication only has to be performed once every three years.
November 9, 2017 -
Capital Regulation
Korea Efforts to Tackle Household Debt Have Little Impact as Boom Continues
Regulator calls on banks to strictly screen mortgage applications as household debt increases by $15.9bn over July and August.
September 21, 2017 -
Capital Regulation
S.Korea Eyes Deregulation to Encourage Banking Competition
FSC to come up with deregulation plan by end-of year; wants more challengers to financial sector incumbents after approval of internet-only banks.
August 23, 2017 -
Hong Kong
HK SFC Bans Ex-Deutsche Securities Trader
Ban follows Korean order to repay $36.95mn of illegal profit from stock index trades.
November 18, 2016 -
Korea
Korean Investment Banks Given Boost in IPO Chase
FSC’s new regulation will allow Korean brokerages to pursue more IPOs.
August 4, 2016 -
Capital Regulation
Korea to Develop Mega-Investment Banks
New rules favouring large firms encourage should invite mergers.
August 4, 2016
