The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023Those engaged in unfair trading activities would face either a prison sentence of at least one year or a fine of between three and five times profits.
January 19, 2023The change will improve the efficiency and expertise available for conducting investigations into capital market frauds, the FSC said.
January 5, 2023The FSC said disclosing the names of those who breach short selling rules or create market disturbances will create a deterrence effect and reduce illegal activities in capital markets.
December 6, 2022The bill, if passed, will require crypto exchanges to segregate users’ assets, buy insurance against hacking, and compensate users for unexpected withdrawal halts.
December 1, 2022The proposed legislation will empower the FSC to punish unfair trading in virtual assets the same way it does in the stock market.
November 2, 2022Violators could be banned from trading, account opening, and serving as listed company directors for up to 10 years.
September 30, 2022The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
June 21, 2022The task force will first conduct fact-finding inspections and investigate areas with a high probability of short selling violations.
June 3, 2022A joint investigations team that was disbanded in January 2020 has now been reinstated to respond to financial and securities crimes.
May 24, 2022