Market Chatter: South Korea's Financial Watchdog Commits to Reforms for Fairer, More Transparent Markets

MT Newswires Live
04/16

South Korea's Financial Supervisory Service (FSS) pledged continued efforts to enhance fairness, transparency, and investor confidence in the capital markets, Yonhap News reported Tuesday, citing the financial watchdog's head.

FSS Governor Lee Bok-hyun, speaking in Hong Kong on Monday, highlighted South Korea's solid economic fundamentals and emphasized reforms aimed at boosting shareholder value, the report said.

Lee reaffirmed the South Korean government's commitment to predictable policies following the recent lifting of the short-selling ban. He also pointed to proposed revisions to the Commercial Act and streamlined stock delisting rules as part of broader efforts to strengthen shareholder protections and improve access for foreign investors, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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