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Early Repayment of Bank Recapitalization Fund

    Early Repayment of Bank Recapitalization Fund

    December 14, 2011
  • In December 2008, the government announced its plan to create the Bank Recapitalization Fund in order to help banks secure more equity capital in response to the global financial crisis. A total of KRW 20 trillion fund was raised with contributions from the Bank of Korea (KRW 10 trillion), the Korea Development Bank (KRW 2 trillion) ......

    *Please read the attached file for details.


  

Best Practice Guidelines for Hedge Funds and Prime Brokers

    Best Practice Guidelines for Hedge Funds and Prime Brokers

    December 07, 2011
  • *Please read the attached file for details.

  

Joint FATF/APG Typologies Workshop 2011 Held in Busan

    Joint FATF/APG Typologies Workshop 2011 Held in Busan

    December 06, 2011
  • The Korean government will be co-hosting an international conference on Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) in Busan for six days from December 5th to 10th. The Financial Intelligence Unit (KoFIU) of FSC will be representing the Korean government.

    *Please read the attached file for details.


  

  

  

FSC Chairman Visits Financial Regulators in Turkey and UK for Greater Partnership

    FSC Chairman Visits Financial Regulators in Turkey and UK for Greater Partnership

    November 29, 2011
  • The Financial Services Commission Chairman, Kim Seok-dong has made a five-day-journey from November 24th to 29th to Turkey and the United Kingdom to visit and strengthen relationships with corresponding financial regulating agencies.

  

Lone Star Ordered To Sell Down Its Stake in Korea Exchange Bank

    Lone Star Ordered To Sell Down Its Stake in Korea Exchange Bank

    November 18, 2011
  • The FSC decided to order Lone Star Fund IV (hereinafter “Lone Star”) to sell its stake in KEB that exceeds 10% of the total number of voting stocks within six months by May 18, 2012.

    *Please read the attached file for details.


  

FSC Approves Revision of Regulations on Financial Investment Business

    FSC Approves Revision of Regulations on Financial Investment Business

    November 14, 2011
  • The FSC approved a revision of Regulations on Financial Investment Business at its 19th regular meeting held on November 16, 2011.

    *Please read the attached file for details.


  

FSC Lifts Temporary Ban on Short Selling of Non-Financial Stocks

    FSC Lifts Temporary Ban on Short Selling of Non-Financial Stocks

    November 08, 2011
  • The FSC decided to lift a three-month ban (August 10 - November 9) on short selling of non-financial stocks from November 10, while maintaining the ban on financial stocks for a while.

    *Please read the attached file for details.


  

Revision of Regulation on Investigation of Capital Markets

    Revision of Regulation on Investigation of Capital Markets

    November 04, 2011
  • The FSC approved a revision of Regulation on Investigation of Capital Markets at its 18th regular meeting held on November 4, 2011.

    *Please read the attached file for details.


  

Plan for Improved Discretionary Investment Services

    Plan for Improved Discretionary Investment Services

    October 21, 2011
  • Since 2010, with socio-economic changes such as the aging of Korea's population and low-interest rate trends, there has been growing demand for “discretionary investment services,” or customized services in asset management.

    *Please read the attached file for details.


  

Proposed Revision of Regulations on Financial Investment Business

    Proposed Revision of Regulations on Financial Investment Business

    October 10, 2011
  • With the revision of Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA) publicly announced on September 30, aimed at introducing home-grown hedge funds (tentatively named “specialized private equity funds”) to Korea’s capital markets, the FSC proposed a revision of Regulations on Financial Investment Business in order to stipulate details mandated under the revised Enforcement Decree.

    *Please read the attached file for details.