[THE INVESTOR] Britain’s decision to quit the European Union could have a lasting impact on global markets in the long term, Korea’s top financial regulator said on July 1. Yim Jong-yong, chairman of Financial Services Commission said the Korean market is moving toward stability after Brexit turbulence but “uncertainties still remain high as Britain’s exit from the EU is the first of its kind.”FSC chairman Yim Jong-yongAlmost US$4 trillion has been wiped out from global equity values since June

[THE INVESTOR] South Korea will become a member of the Paris Club, a group of creditor countries, the Finance Ministry said on June 29. Asia’s fourth largest economy will join the club as the 21st member this week at the club’s meeting to celebrate its 60th anniversary on July 1 in Paris, according to the ministry.South Korea’s Vice Finance Minister Choi Sang-mok will attend the ceremony, it added.The Paris Club is an association of creditor countries with the major aim of finding sustainable so

[THE INVESTOR] The South Korean government will tightly restrict state-run energy firms’ new investment in overseas resource development in the midst of low oil prices as the government pushes for sweeping restructuring efforts, the Ministry of Trade, Industry and Energy said on June 30. The ministry will strengthen monitoring on loss-making overseas assets of public energy firms such as the Korea National Oil, the Korea Gas and the Korea Resources. “All their oversea assets will be subject to t