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South Korea’s major lenders are staring at a fundamental shake-up to their decades-long dominance of the country’s commercial bank sector, following the introduction of new rules. The South Korean Financial Services Commission (FSC) said in July that regional banks and financial firms will be allowed to apply for nationwide commercial bank licenses. “The government will proactively consider new approvals if accompanied by sufficient financial resources and feasible business plans,” said Kim Joo-hyun, chairman of the FSC, in front of major financial groups in the country. ....
MCI (P) 003/02/2023 issn 0219 – 6875 KDN PPS 1867/10/2015(025605) THE BEST FIRMS FOR DEAL WORK IN THE REGION LEADING TMT LAWYERS THAILAND SEES REBOUND GC ....
Han-Jin Lee is a senior attorney at Kim & Chang specialising in both traditional finance (capital markets, banking, and securities) and digital finance (fintech, data and privacy, and crypto-assets). ....