Korea s financial authorities and the heads of the country s major financial institutions met global institutional investors from Wall Street and New York to present their ambitious visions for the Corporate Value-Up Program, a government-led initiative seeking to propel the Korean stock market to new heights, according to the authorities, Sunday.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun and heads of financial groups and companies travelled to New York this week to promote Korea s capital market as well as its government-led corporate value enhancement program.
The Financial Supervisory Service (FSS) discovered violations of the rules on short selling by seven more global investment banks, on top of BNP Paribas and HSBC. The two global banks have already been confirmed by the state-run financial watchdog agency to have conducted illegal short selling practices.
The Financial Supervisory Service (FSS) plans to send out inspection reports to major sellers of equity-linked securities (ELS) products tied to the Hong Kong stock market, including five commercial banks - KB Kookmin, Hana, Shinhan, NH NongHyup Banks and Standard Chartered Bank Korea - sometime within this week.
The financial regulator and Naver, the top online portal operator, signed an agreement Wednesday on cooperation for the digitalization of the financial sector.