Financial Supervisory Service Governor Lee Bok-hyun approaches the podium during a press briefing held at the regulator's headquarters in Yeouido, Seoul, on Monday. The FSS announced the results of its investigation into the possible misselling of equity-linked securities products tied to Hong Kong's Hang Seng China Enterprises Index among local financial firms, together with consumer compensation measures,.
The financial authorities will look into whether sellers of troubled Hong Kong-tied financial derivatives fulfilled an obligation to recommend investments suitable for each retail investor based on the purpose of their investment, asset status and investment experience, according to market watchers, Tuesday.
The number of companies showing signs of financial distress came to 231 this year, up 46 from the previous year, due in large part to soaring borrowing costs, government data showed Monday.
A group of lawyers has filed a complaint against the Hong Kong offices of BNP Paribas and HSBC with the Seoul Southern Prosecutors’ Office, Sunday, over a combined 56 billion won ($42 million) in suspected naked short selling, according to market watchers, Monday.
Efforts to enhance clarity in the Korean virtual asset market are emerging, as both the government and the National Assembly have actively announced their plans to intensify crypto monitoring.