S Korean regulator will expel unfit crypto exchanges from the market starting this year cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Financial authorities will seek to ease regulations imposed on overseas subsidiaries of local financial companies, in a move to strengthen local investment firms global competitiveness and outbound business growth. Korea s top financial regulator also plans to introduce a cornerstone investor system into the country s public offering process, which allows investors to be brought into a forthcoming IPO before a formal book-building process starts.
South Korea plans to announce financial reforms later this year, including its policy on shareholder returns, that could help reduce the "Korea discount" in stock markets, a senior government official told Reuters on Tuesday.
By Joori Roh SEOUL (Reuters) - South Korea plans to announce financial reforms later this year, including its policy on shareholder returns, that coul.