Lee Bok-hyun, governor of the Financial Supervisory Service, urged foreign financial firms Wednesday to prioritize effective risk management in a roundtable meeting with their CEOs in Seoul on Wednesday. "In light of recent domestic and international uncertainties, I urge foreign financial firms to proactively prioritize the firms' soundness and effective risk management," Lee said during the meeting. .
Global financial companies operating in overseas markets will be allowed to participate in Seoul s local foreign exchange (forex) market, according to Financial Supervisory Service (FSS) Governor Lee Bok-hyun. This is part of the financial authorities measures to raise the Korean capital market s accessibility to foreign investors.