South Korea will take steps to make its financial markets more investor friendly and attractive to foreigners, the financial regulator said on Monday. The comments by vice chairman of the Financial Services Commission (FSC), Kim So-young, came at a meeting with foreign financial firms in Seoul to discuss ways of helping them expand business, in the wake of November's ban on short-selling. "The government will make various efforts to globalise the financial industry, especially to build a more favourable environment for foreign financial firms," Kim said.
The Financial Services Commission (FSC), the country s top financial regulator, has pledged to create a favorable environment for foreign financial companies through regulatory improvements that are more in line with global standards.
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President Yoon Suk Yeol vowed Wednesday to implement bold reforms in stock market taxes to correct the perceived undervaluation of Korean shares and improve the financial situati.
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