All posts tagged "National Assembly"
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258Crypto / Digital AssetsKorea Regulators Probe Crypto Industry Over Terra Collapse
Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.
May 18, 2022 -
410Asia-PacificVietnam: SBV Seeks New Law on Bad Debt Resolution
The law is needed to replace 'Resolution 42', which enabled the transparent sale of bad debts and collateral, but is due to expire next year.
October 12, 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 -
237FeatureKorean 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 -
190Korea
Korea to Require Lenders to Pay Into Microfinance Support Fund
Proposed revisions set the common contribution rate at 0.03 percent of the balance of household loans for each financial institution.
June 11, 2021 -
233Enforcement
S. Korea Revises Law to Strengthen Market Integrity
The revisions will ease approval processes for financial investment businesses, including foreign firms, while also increasing penalties for stock manipulation.
May 25, 2021 -
413Feature
Korea Set to Introduce Tougher Penalties for Illegal Short Selling
Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.
April 7, 2021 -
362Capital / LiquidityKorea Extends Loan Deferrals, Regulatory Support for Six Months
Individuals and businesses who have already received deferrals on loan and interest payments can re-apply for further extensions.
March 5, 2021 -
280Fintech / RegtechKorea: Supervisory Power Struggle Deepens Between BOK, FSC
The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a "Big Brother law".
February 26, 2021 -
319Capital / Liquidity
FSC Korea to Enhance Recovery and Resolution Regimes of SIFIs
SIFIs will have 3 months after designation to submit recovery plans to regulators. The FSC will have the authority to demand action from a SIFI in line with its recovery plan.
February 21, 2021
