, South Korea
Photo by Sesinando from Pexels

South Korea’s financial regulator boosts efforts for fair trading in capital markets

Penalty surcharges and boosting early detection systems are amongst the solutions.

In a conference held by South Korea’s Financial Services Commission (FSC) along with other institutions, it was identified that unfair trade practices remained prominent amongst the capital markets.

The joint conference, with the Financial Supervisory Service, the Korea Exchange and Seoul Southern District Prosecutors’ Office, concluded how unruly trading activities damaged overall system.

Discourses made by heads of the institutions were on diversifying sanctions, ramping up early detection efforts, managing stock price manipulation cases, and the general status of unjust trading.

ALSO READ: South Korea daily FX turnover hit all-time high in Q1

Further, its judicial entity will address the segments by forming a joint investigation team, pursuing regulatory improvements, and a penalty surcharge.

“Authorities will make utmost efforts to root out unfair trading activities and help to restore fairness and trust in capital markets. Authorities will also actively review ways to improve the current response system for unfair trading activities in capital markets after gathering wide-ranging opinions from academia and relevant sectors.” the SFC said in a release.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!