Important lessons from loosening regulations for foreign investment

To attract international investment, banking regulators in South Korea have unveiled a new set of rules, one of which is the elimination of the country's decades-old investor registration system. As of the end of June 2022, foreign investors own around 30.7% of the local stock market, as repo...

FSC TO PARTIALLY LIFT THE BAN ON SHORT SELLING OF LISTED STOCKS

Highlights –

• FSC to partially lift the ban on short selling of listed stocks.
• FSC from Monday onwards will lift the ban on 200 large-cap firms listed on the main KOSPI.
• Short selling ban will be lifted from 150 firms listed on the sec...

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...

SOUTH KOREA AMENDS FTRA; MAKES REGISTRATIONS WITH FIU MANDATORY

Highlights:

•        The South Korean government wants to regulate the crypto domain

•        The government is concerned about crypto being used for money laundering

South Koreans have b...

NEW RULES IN PLACE FOR THE CRYPTO- DOMAIN IN SOUTH KOREA

Highlights:

• South Korea needs all its firms that deals with cryptocurrencies to be registered with 6 months

• VASPs now keep records of crypto customers identities   

South Korea’s National Assembly approved a ...

SOUTH KOREA TO JOIN ASIA REGION FUNDS PASSPORT SYSTEM

Highlights –

• South Korea to join the cross-border sale of fund products to access overseas markets.
• FSC approved the revisions to financial investment services and capital market law.
• The system will allow Korean funds faster inroads...

WOORI BANK AND HANA BANK FINED $30.8 MILLION

Highlights –

• South Korea’s financial regulator fined Woori Bank and Hana Bank
• Six-month ban on selling private equity fund products
• Banks responsible for failure to protect retail investors from risks

Hana Bank...

FSC KOREA STUDY HONG KONG SHORT SALE RULE FOR POSSIBLE IMPORT

Highlights –

• Possible import of Hong Kong’s ‘short sale rule’ in the stock market
• Financial Services Commission, South Korea, Chairman proposes the idea
• Short-selling of stocks for market capitalization.

WOORI FINANCIAL GROUP INC. STAKES TO BE SOLD OFF AS PLANNED

Highlights –

• Government selling off Woori Financial Group stakes
• Government has set an average sale price of stocks
• Woori Financial Group controversy

Due to ongoing controversy of South Korea’s - Woori Financi...