The ruling People Power Party and financial authorities have announced plans to apply the same conditions for the local short selling system for both retail and institutional investors.
The Bank of Korea (BOK) announced its first move toward adopting a central bank digital currency (CBDC). A CBDC is a new form of digital money issued by a central bank.
Financial Services Commission (FSC) Vice Chairman Kim So-young promoted the Korean government s efforts to improve market accessibility and regulations for global investors in an investor relations (IR) session in Hong Kong on Friday. According to the FSC on Sunday, the vice chief of the country s top financial regulator showcased the Korean government s latest moves to advance the capital and foreign exchange markets for global investors during the IR session.
Financial Services Commission (FSC) Vice Chairman Kim So-young vowed to actively support mutually beneficial business activities by private financial companies in Korea and Indonesia to deepen bilateral cooperation.
The Financial Services Commission (FSC) plans to come up with measures to improve the share buyback systems of listed companies by the end of this year. The measures are aimed at preventing corporate stock repurchases from being abused by some major shareholders to strengthen their management control, instead of their original purpose of returning value to all shareholders. Convertible bond issuance rules for businesses will also be revised with more focus on protecting investors.