Regulator takes steps to tackle 'Korea discount'
Korea's financial regulator is determined to combat illegal short selling to address the undervaluation of stocks, known as the "Korea discount."
Korea to relax short selling rules for retail investors
Financial authorities plan to ease trading conditions for retail short sellers while making it more challenging for institutional investors to engage in short selling.
Woori eyes savings bank market share with Sangsangin acquisition
Woori Financial Group is reviewing a potential acquisition of Sangsangin Savings Bank, aiming to expand its market share in the sector. Other potential bidders include OK Financial Group and Welcome Savings Bank.
Stocks open higher following short-selling ban
The benchmark Kospi climbed 48.16 points, or 2.03 percent, to 2,416.50 in the first 15 minutes of trading.
Household debt growth eases over tightened loan measures
Korea’s household debt growth slowed in September, rising 2.4 trillion won ($1.8 billion) from a month earlier, amid stricter loan measures by the financial authorities, showed Financial Services Commission (FSC) data on Thursday.
Regular finance meetings to resume between Korea, Japan
The Financial Services Commission (FSC) and Japan’s Financial Services Agency have agreed to resume "shuttle meetings" in Seoul to discuss mutual interests and deepen cooperation.
Financial institutions band together for Korean digital currency trial
The Bank of Korea (BOK), financial regulators and the Bank for International Settlements (BIS) will cooperate in testing the commercialization of Central Bank Digital Currency (CBDC) with the goal of developing a future monetary system.
Real estate defaults deepen at brokerage firms
The default rate for real estate project finance loans at brokerage firms surpassed 17 percent as of June, according to the Financial Services Commission (FSC) on Tuesday.
Companies to publicly disclose crypto assets from 2024
Companies that hold or issue crypto assets will be required to publicly disclose the related details starting next year.
Financial authorities introduce stricter measures to regulate CFD trades
Financial regulators announced a set of measures to tighten regulations on trading of an equity derivative that caused a handful of stocks to crash last month.