Financial Supervisory Service (FSS) Governor Lee Bok-hyun has showcased strengths of the Korean financial sector to global investors during his European tour, highlighting the values of credibility, innovation and openness as the core of the industry. Lee also stressed the financial authorities will further enhance market accessibility and convenience of global investors to the Korean financial markets.
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.
In a move to raise the local banking sector s anti-money laundering capabilities and global networks, the Financial Supervisory Service (FSS) participated in a symposium hosted by the U.S. Department of State on Wednesday morning Korea time, along with 20 other local lenders. Titled “Navigating International Sanctions Regimes for Public and Private Sector Stakeholders Symposium: South Korea Perspective,” the event was part of the U.S. government s global project to strengthen cooperation among allies in the realm of transnational financial crime, which are often employed to evade international sanctions.