S. KOREAN GOVT. PLANS TO MONITOR ILLEGAL CRYPTOCURRENCY ACTIVITIES

Highlights –

• S. Korean govt. plans to monitor illegal cryptocurrency activities.
• S. Korea is concerned with speculative investments and potential illegal activities through cyrptocurrency.
• The country’s finance ministry, FSC, an...

FSSAI TO GRANT PERPETUAL LICENSES

HIGHLIGHTS

• FSSAI is set to grant perpetual licenses to food makers and restaurants.
• This move is meant to reduce compliance burden.

To reduce compliance burden, the Food Safety and Standards Authority of India (FSSAI) is going to gra...

S. KOREA FSS REPORTS CREDIT CARD FIRMS COMBINED EARNINGS TO RISE 23.1%

Highlights –

• S. Korea FSS reports credit card firms combined earnings to rise 23.1%.
• The combined net profit of eight card issuers came to $1.8 billion in 2021.
• The increase was attributed to combination of earnings from card loans an...

“KIKO” - CITIBANK KOREA AND KDB WON’T ACCOMMODATE FSS’ DECISION

Highlight –

• KIKO or knock-in – knock out contracts, Citibank Korea and Korea Development Bank rejects FSS’ decision
•  Earlier FSS had advised commercial banks to pay indemnities
• Citibank Korea’s share was to com...