FSC to ease regulation on Korean investment firms' foreign lending
IndustryApr 17, 2023
The Financial Services Commission will revise the net capital ratio regulation to create a more favorable environment for Korean investment firms' overseas lending business, the financial regulator said Monday. At a seminar held at the Korea Exchange Monday, many securities firms here -- including Mirae Asset Securities -- raised the issue on how the current regulation makes it difficult to conduct their business outside of Korea. Currently, all investment firms are obligated to maintain a